High-quality reserves
An NI 43-101 estimated M&I resource of ~111M tons, inclusive of 22.1M tons of Proven & Probable reserves at ARI — meeting standards for hard coking coal.
TSX : CLCH
A near-term producer with scale & tailwinds
Clinch Resources, Ltd. (TSX: CLCH) is a metallurgical mining company based in Knoxville, Tennessee with operations in West Virginia — supplying coking coal to steel manufacturers building global infrastructure.
Last PriceC$1.01▼ 3.8%
Market CapC$351.8MJul 22, 2026
Shares Out.355.3MBasic
52-Week RangeC$0.93–2.75Low–High
ExchangeTSXToronto
Investment Highlights
Why Clinch Resources
A near-term, low-cost metallurgical coal producer in West Virginia with scale, existing infrastructure, and critical-mineral tailwinds.
Low-cost producer
ARI and Sewell are targeted to produce at LOM cash costs of ~$90/t and $80/t — comfortably within the lower 25th percentile of the global met-coal cost curve.
Near-term production
Plans to develop three mines — Lanes Branch surface, UG Mine 8, and UG Mine 3 — with operations commencing now at Mine 8 and Lanes Branch.
Existing infrastructure
An operational wash plant and Norfolk Southern rail load-out on site at ARI significantly lower the capex hurdle and shorten restart timelines.
Proven management
Recognized leaders in the U.S. coal sector (National Coal, Xinergy) with risk-management experience across multiple commodity cycles and public companies.
Constructive market
High-quality met coal is increasingly scarce. Designated a U.S. Critical Mineral in Nov 2025, with a projected 205 Mt supply gap by 2035.
Capital Structure
Indicative capitalization
| Total shares outstanding | 355,317,909 |
| Shares held by insiders | 34,102,549 |
| Options & warrants | 28,333,416 |
Source: Clinch Resources Investor Presentation, June 2026.
2026 Management Guidance
ARI Project outlook
| Coal production | 1.094 Mst |
| Coal sales | 1.094 Mst |
| Cash cost of sales | $86 – $90 / st |
| Capital expenditures | $16.7M |
| SG&A | $8.8M |
| Effective tax rate | 2% |
Future-oriented financial information; see disclaimer below.
ARI Project · 2026 PFS
Mine economics & resources
Estimated measured & indicated mineral resource of approximately 111 million tons over ~54,000 acres. Source: 2025 ARI Technical Report (NI 43-101).
0M
LOM throughput (tons)
0
Life of mine (years)
0k
Avg. annual production (tons)
0
Avg. cash cost ($/t)
| Mine / Seam | M&I Resources | P&P Reserves | Mine Plan | Permitted |
|---|---|---|---|---|
| Mine 8 | 48,944,000 | 11,910,000 | 11,910,000 | 1,078,000 |
| Mine 6 | 9,580,000 | 2,503,000 | 2,503,000 | 2,467,000 |
| Mine 3 | 6,060,000 | 1,109,000 | 1,109,000 | 1,109,000 |
| ARI Total (incl. other) | ~111,000,000 | 22,100,000 | — | — |
Shareholder Contact
Investor relations
Company Contact
Bobby Gaylor — EVP, Investor Relations
(865) 310-2353 · bgaylor@active-resources.com
IR Advisor
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor, New York, NY 10036
+1 (646) 893-5835 · info@skylineccg.com
Auditor: Coulter & Justus, P.C. · Subsidiary: Active Resources, Inc.