Global Met Coal Corporation is an exploration and development company focused on the acquisition of advanced stage properties with an emphasis on strategically located metallurgical coal projects. The Company has a Letter of Intent to acquire up to 35% interest in Mogoin Gol JSC which owns the Mogoin Gol Coking Coal Mine in the Ovoot Basin of northern Mongolia.
The Company also has a Letter of Intent to purchase surface and mining rights to 400 acres in Jefferson County, Alabama, containing up to three coal seams. Sample tests conducted by SRK Laboratories rank the coal as medium grade metallurgical coal.
The Company is also evaluating additional met coal projects in Mongolia, North America and Australia.