Brief: Coal Energy Signs LoI With Polish Mining Company "Siltech" On Lease Of Real Estate And Infrastructure

Coal Energy SA

23/04/2025 17:27

April 23 (Reuters) - Coal Energy SA CLEP.WA:

SIGNS LETTER OF INTENT WITH POLISH MINING COMPANY "SILTECH" REGARDING LEASE OF REAL ESTATE AND INFRASTRUCTURE OWNED BY "SILTECH"

PRIMARY PURPOSE OF LOI IS TO ADVANCE COMPANY'S PLAN TO APPLY FOR LICENSE TO EXTRACT COAL FROM DEPOSITS ADJACENT TO THOSE OWNED BY "SILTECH"

COAL EXTRACTION PROCESS WILL BE CARRIED OUT BY COAL ENERGY, UTILIZING EXISTING MINING INFRASTRUCTURE OWNED BY "SILTECH"

LEASE IS SCHEDULED TO COMMENCE AT END OF 2025

Source text: ID:nEM4z1GSza

Further company coverage: CLEP.WA

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