Coal for
Who we are
Valory Resources is a Canadian resources company focused on the development of hard coking coal projects to serve the global steel industry. Our robust business management practices and strong safety, health and engagement culture will serve new levels of performance in the production of premium products to create steel used to build a stronger and more sustainable future.
Projects
The Mine 14 project is owned by Summit Coal Limited Partnership and Summit Coal Inc. (collectively, “SUMMIT”). SUMMIT is currently wholly owned by Maxim Power Corp. (“MAXIM”). Valory has entered into an option agreement with MAXIM such that Valory has the option to purchase SUMMIT under pre-agreed terms and conditions in exchange for paying for and advancing the remaining required approvals for construction and operation of the Mine 14 project. Please see MAXIM’s website for further information on the Mine 14 project
Valory’s wholly-owned Blackstone Project is an underground, hard coking coal exploration project near the small town of Red Deer in Alberta consisting of 16 neighbouring mining lease applications. Over 100 drill holes intersecting the target seams have served to return a JORC Inferred Resource of 175 million tonnes while test work has confirmed the potential for a premium product matching Canadian and Australian exporters (CSR 65+%; Vol 21.5%; RoMax 1.23-1.51; MV64 likely specification). Blackstone is located on provincially owned commercial timber plantation within an industrial region that supports quarrying, oil and gas drilling and sulphur production. The project has multiple rail and port access options.
Latest News
Mine 14: Seam 10 3.2m outcropping
