July 23, 2026 - Clinch Resources Ltd., a metallurgical coal ("met coal") producer with mining assets in West Virginia, today announced that the first 11,000-ton train of commercial-grade met coal was sold. Additionally, the first seaborne vessel of 65,000 tons of met coal is expected to ship in early September.

Management Commentary

"Reaching our first train sold and first vessel to ship from our high-quality Lanes Branch surface mine in Wyoming County, WV, continues to validate our operational strategy and the quality of our assets. The recently purchased Cat HW 300 Highwall Miner has been mobilized to Lanes Branch, and we anticipate this unit entering production at the beginning of August. This will increase Lanes Branch production to more than 40,000 clean tons per month, with a goal of 80,000-plus clean tons per month by year's end," said Robert Gaylor, Clinch EVP.

About Clinch Resources Ltd.

Clinch Resources Ltd. is a Tennessee-based metallurgical mining company with its corporate office located in Knoxville, Tennessee, and operations in West Virginia. The Company will supply high-quality coking coal to steel-based manufacturing facilities both domestically and seaborne for critical global infrastructure. Clinch is currently opening its first two mines.