America West Resources, Inc. (NASDAQ QTC: AWSR), headquartered in Salt Lake City, Utah, is an established domestic coal producer focused on the mining of compliant (low-sulfur) coal and its sale primarily to U.S. utility companies for use in heating water and creating steam used to turn turbine engines, and to ultimately produce electricity from coal fired power plants.
Since 2003, the Company has owned and operated Horizon Coal Mine, located 11 miles outside of Helper, Utah – about 120 miles southeast of Salt Lake City in Carbon County. Horizon is currently one of only nine active coal mines in Utah.
With a seasoned management team that has extensive experience operating in the western region, America West Resources, Inc. is on its way to becoming a large regional producer in the western coal market. The Company is pursuing exponential growth through acquisition of additional coal reserves and coal mining operations in the Western region of the U.S. and in key international energy markets.
6) AWSR To Supply Up To $175 Million In Compliant Coal From Horizon Mine
America West Resources, Inc. announced that it has entered into a Coal Purchase and Sale Agreement with a major electric power company in the northwestern United States. The five-year base agreement, valued at approximately $40 million in base tons and up to an additional $27 million in optional tons, provides for America West to supply compliant thermal coal mined from its Horizon operations and delivered pursuant to a predetermined monthly shipping schedule beginning in 2011 and continuing through the end of 2015. However, among other terms and conditions, the major electric power company will have the option to extend the agreement up to seven additional years, thereby increasing the total potential value of the deal to a total of up to $175 million.
Denly Utah Coal Shares of America West Resources, Inc. (OTCQB: AWSR.OB) rocketed nearly 345% to $1.29 and hit an intraday high of $2.00. The company and Denly Utah Coal, LLC filed a Form 5 with the SEC showing the acquisition of shares by Denly Utah Coal, LLC in conjunction with convertible debt that was issued to Denly Utah Coal.
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1) America West Resources, Inc.
America West Resources, Inc. (NASDAQ QTC: AWSR), headquartered in Salt Lake City, Utah, is an established domestic coal producer focused on the mining of compliant (low-sulfur) coal and its sale primarily to U.S. utility companies for use in heating water and creating steam used to turn turbine engines, and to ultimately produce electricity from coal fired power plants.
Since 2003, the Company has owned and operated Horizon Coal Mine, located 11 miles outside of Helper, Utah – about 120 miles southeast of Salt Lake City in Carbon County. Horizon is currently one of only nine active coal mines in Utah.
With a seasoned management team that has extensive experience operating in the western region, America West Resources, Inc. is on its way to becoming a large regional producer in the western coal market. The Company is pursuing exponential growth through acquisition of additional coal reserves and coal mining operations in the Western region of the U.S. and in key international energy markets.
6) AWSR To Supply Up To $175 Million In Compliant Coal From Horizon Mine
America West Resources, Inc. announced that it has entered into a Coal Purchase and Sale Agreement with a major electric power company in the northwestern United States. The five-year base agreement, valued at approximately $40 million in base tons and up to an additional $27 million in optional tons, provides for America West to supply compliant thermal coal mined from its Horizon operations and delivered pursuant to a predetermined monthly shipping schedule beginning in 2011 and continuing through the end of 2015. However, among other terms and conditions, the major electric power company will have the option to extend the agreement up to seven additional years, thereby increasing the total potential value of the deal to a total of up to $175 million.
Denly Utah Coal Shares of America West Resources, Inc. (OTCQB: AWSR.OB) rocketed nearly 345% to $1.29 and hit an intraday high of $2.00. The company and Denly Utah Coal, LLC filed a Form 5 with the SEC showing the acquisition of shares by Denly Utah Coal, LLC in conjunction with convertible debt that was issued to Denly Utah Coal.