On 24th October’14, BrilliantPennyStocks.com initiated coverage on LBTG. The stock moved up by 200% since the coverage was initiated.
Liberty Coal Energy Corp. (OTCMKTS:LBTG) on Thursday reported gains of 50.00% closing the day marginally higher. The exploration-domain coal company has built its reputation and product portfolio around a range of precious metal mineral exploration as well as development besides production processes.
Coal Exploration focused in North America
Liberty Coal Energy Corp. (OTCMKTS:LBTG) has continued to house its activities in the North American continent and has successfully straddled not just exploration of coal mines in the region but acquisition as well as development of key properties.
Much of its activities have been deals or partnerships with private players.
The latest in the line-up of promising partnerships has been the leasehold deal with private mining property located in the region of Kentucky, Owsley County. The site is a private property of AMS Development LLC and Colt Resources, Inc.
The partnership ensures LBTG has rights to explore over 1,000 across of land in the said property. It is estimated that the coal that it can recover from this region is at 3,600,000 tones. The output estimated will be possible if the techniques of recovery are surface and high wall (auger) methods.
IGCC highlights
Other coal mining news was “Kemper County Integrated Coal Gasification Combined Cycle project (IGCC).” The project is co-developed by Southern Co, Department of Energy KBR Inc, as well as Department of Energy of Power Systems Development Facility at Wilsonville, in Ala. Much of the feedstock for the facility supply shall be from the North American Coal Corp owned Liberty Fuels.
Liberty Coal Energy Corp.(OTCMKTS:LBTG) in its latest SEC filing, dated April 3, 2014, registered the change in Directors as well as changes to certain of the Articles. It also included the resignation of Mr.Edwin Morrow as the Director of the Company. It also mentioned the rejection, by FINRA, of a proposal made out by LBTG for reverse stock split on Feb 25, 2014.
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