American West Resources, Inc. (OTCBB: AWSR) has been awarded a five year coal supply contract from a major U.S. commodity producer and refinery. The estimated value of the contract is $18 million. The contract provides for America West to supply the company with compliant coal mined from their Horizon Mine. The right to purchase additional tons of coal each year over the contract has also been granted to the customer, which if fully exercised could yield a total of $36 million of revenues to America West.
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About America West Resources, Inc.
Headquartered in Salt Lake City, Utah, America West Resources is an established domestic coal producer focused on the mining of compliant (low-sulfur) coal and its sale primarily to U.S. utility companies for use in generating electricity. The Company operates the Horizon Mine, which has recoverable compliant coal reserves under lease of approximately 19 million tons.
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