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TMRC consortium awarded second phase of DOE contract targeting production of mixed rare earth oxides from PA coal waste


TMRC consortium awarded second phase of DOE contract targeting production of mixed rare earth oxides from PA coal waste
Texas Mineral Resources Corp. (TMRC), an exploration company targeting the heavy rare earths and a variety of other high-value critical elements and industrial minerals, announced that the Department of Energy’s (DOE) National Energy Technical Laboratory (NETL) has selected a TMRC-led consortium to continue a contract targeting the production of rare earths from Pennsylvania coal waste.
This contract option continues the successful completion of the first phase of a DOE solicitation award in September 2020. The award value is approximately $1.1 million.
TMRC’s project partners include Penn State, Jeddo Coal Company and McCarl’s. The Texas Mineral Resources consortium objective is to install a self-contained, modular and portable pilot plant at a Jeddo Coal Pennsylvania site, capable of producing 1-3 metric tons of rare earth oxides derived from ....

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CONSOL Energy Announces Results for the First Quarter 2021


CONSOL Energy Announces Results for the First Quarter 2021
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CANONSBURG, Pa., May 4, 2021 /PRNewswire/  Today, CONSOL Energy Inc. (NYSE: CEIX) reported financial and operating results for the period ended March 31, 2021.
First Quarter 2021 Highlights Include:
GAAP net income of $26.4 million;
Coal shipments improve to 6.9 million tons, the highest level since 2Q19;
Quarterly adjusted EBITDA
Quarterly free cash flow
Average cash cost of coal sold per ton
1 of $24.44;
Proceeds from asset sales of $8.5 million supplements operating cash flow;
Cash and cash equivalents of $91.2 million as of March 31, 2021;
Reduction in consolidated indebtedness per credit agreement of $62.7 million; ....

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