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.

A professional engineer, company director and executive with demonstrated success in all facets of mining activities. Has significant experience in underground coal globally and holds several patents related to underground coal mining practices and equipment. Former roles include CEO and Chair of Fitzroy Australia Resources, Managing Director of AMCI Australia, Managing Director of Vale Australia, CEO Coal Group for MIM Holdings, and Senior Mining Executive with the Thiess Group, amongst others.

An underground mining professional, company director and equipment specialist with demonstrated success in all facets of underground coal operations and equipment maintenance. Holder of several patents related to underground coal mining practices and equipment. Former roles include President Coal Group for Linc Energy, Director Australia Operations for Vale, Underground Equipment Operations Manager for the Thiess Group, Director Operations for Mining Technologies Australia (MTA), and Senior Service Engineer for Joy Global.

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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