Colonial Coal International Corp.

(NewsDirect) Although there has been a global push towards cleaner energy sources, coal still remains a vital part of our energy mix. In fact, a recent report by the International Energy Agency found that global coal demand hit an all-time high in 2022 amid the energy crisis, far outpacing the previous record set in 2013. According to the U.S. Department of Energy, coal accounted for about 20% of the country's electricity production as of October of last year, highlighting the commodity's significance in maintaining grid stability.Despite the fact that the coal industry has grappled...

(NewsDirect) Contrary to predictions of its demise, the U.S. coal industry has defied expectations, registering a remarkable 40% collective gain in stock value since the beginning of 2023. The resurgence can be attributed to several key factors.Metallurgical, or coking, coal has played a pivotal role in this unexpected turnaround. Integral to blast-furnace steel production, U.S.-sourced coal, sourced from Appalachian mines, commands a substantial premium over thermal coal, positioning it as an indispensable component in the steelmaking process.The industry's recent performance reflects r...

VANCOUVER, British Columbia, Feb. 05, 2020 (GLOBE NEWSWIRE) -- Colonial Coal International Corp. (TSX-V: CAD) (the “Company” or “Colonial”) is pleased to announce that since the beginning of the year until February 3, 2020, the Company has received aggregate proceeds of $5,181,688 from the exercise of certain outstanding common share purchase warrants (the “Warrants”) to acquire an equivalent number of common shares of the Company.  The Warrants had exercise prices of either $0.15 or $0.30 per common share and the proceeds from the exerc...