The world’s accelerating electrification and industrialisation requires more steel. For factories and buildings, electric vehicles, and renewable power generation plants. It takes around 220 tonnes of coal to make one single wind turbine. More steel will require more hard coking coal because you can’t make steel without it. There’s no economical alternative and won’t be for decades. At Valory Resources, we’re serving a cleaner future, delivering a critical resource for the way we want to live while giving back to the host communities in which we work through investment and job creation.

We want to create value for stakeholders and shareholders by safely producing hard coking coal for the steel industry. We want to be a positive part of the Grande Cache and Alberta communities. We want to make minimum impact and leave the site completely rehabilitated when we finish.

Mine 14: Seam 10 3.2M Outcropping
Part of the Maxim and Valory team



Summit Coal Inc

Mine 14 Project


Black Eagle Mining Corp

Blackstone Project

*Valory Resources has a binding option agreement to purchase Summit Coal (Mine 14) from Maxim Power Corp.


Our Board has extensive experience in the energy and resources sector with vast expertise in project acquisition and development, mining and production of coking coal, and contract negotiation.

Vaughan is a civil engineer with over 30 years’ experience in mining and resources throughout the world. Co-founder and Project Development General Manager at Stanmore Coal (ASX:SMR,), an Australian hard coking coal miner with a market capitalisation of over A$3 billion. Held management and consulting roles with major resources firms including most recently with BHP’s Olympic Dam.

Starting as an accountant with Price Waterhouse, Peter’s career over more than 30 years has since spanned Chief Financial Officer and Company Secretary roles with several public Australian resources companies including Orbis Gold, Armour Energy, Comet Ridge and Metro Mining. He has Extensive experience in a range of disciplines, including financial strategy development and execution, financing (debt and equity), M & A, corporate treasury, project management, people leadership, organisational transformation, financial analyses and reporting.

Scott was formerly Vice President and General Manager at CST Canada Coal Limited, an Alberta based hard coking coal mining company near Grande Cache and in close proximity to the Mine 14 Project. Previously performed a number of roles leading to General Manager with Grande Cache Coal Corp which operates both surface and underground hard coking coal mines.

Glenn is founder and Managing Director of GRT Lawyers, a leading Australian law firm specialising in initial public offerings and capital raising initiatives. He has served a number of publicly listed clients across the resources sector including Felix Gold, Duke Exploration, Cerro Resources, Coppermoly Limited, Santana Minerals and Polymetals Mining. Glenn is also founder and Chair of GRT Foundation, a not-for-profit organisation supporting the needs of disadvantaged children and their families.

Glenn Vassallo
GM – Corporate & Finance
Ph: +61 422 857 760

An experienced Non-Executive Director and Chair in a number of private and publicly listed companies, particularly across the resources sector, including Greentech Minerals, Central Exploration, ABM Resources, Clancy Exploration and Lihir Gold and Consolidated Minerals.

A qualified geologist, Steve has over 40 years of open pit and underground coal mining experience in western Canada and the U.S.A., including an involvement in the planning and permitting process for an underground mine north of Grande Cache at the adjacent Grande Cache operation. Steve managed the Blackstone Property permitting, exploration and field work for Valory Resources since 2012.

Corporate Governance

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