America West Resources, Inc.
CompanyCoal Quality & SalesWhy Coal?InvestorsNewsContact

AMERICA WEST RESOURCES SECURES RIGHTS TO 50 MILLION TONS OF METALLURGICAL GRADE COAL RESERVES IN UTAH

Signs Coal Mining Lease and Option to Purchase Columbia Coal Property

SALT LAKE CITY, UT – (PR NEWSWIRE) – July 8, 2008 – America West Resources, Inc. (OTCBB:AWSR), a domestic coal producer with mining operations in Central Utah, today announced that the Company has entered a Coal Mining Lease and Option to Purchase Agreement with C&P Coal Resources, LLC for an undeveloped leasehold known as the “Columbia” property covering approximately 5,200 acres in Carbon County, Utah – near where America West is currently mining thermal coal from its Horizon Mine.

Based on geological studies, tonnage analysis reports and core hole drillings, the Columbia property is estimated to have approximately 50 million tons of raw, recoverable, metallurgical grade coal reserves in place. Metallurgical (or coking) coal is primarily used in steelmaking and is currently commanding contract prices in excess of $300 per ton, due largely to strong industrial growth in the world markets.

“Securing this sizable, high grade resource base materially strengthens our existing coal reserves and provides America West with a very promising growth platform that we intend to fully optimize. Moreover, it helps to distinguish our Company as a serious, emerging player in what we see are expanding coal markets,” stated Alexander Walker III, President and CEO of America West Resources.

Assuming the Company proves successful in securing necessary financing for the project, its three year mine development plan provides for underground mining operations to commence on Columbia as early as 2011.

About America West Resources, Inc.
Headquartered in Salt Lake City, Utah, America West Resources, Inc. 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. Since 2003, the Company has extracted over 1.4 million tons of coal from its owned and operated Horizon Coal Mine based in Central Utah. For more information, please visit www.AmericaCoal.com.

Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Please refer to the Company’s Form 10-KSB and other filings with the United States Securities and Exchange Commission (the “SEC”) for additional information regarding risks and uncertainties, including, but not limited to, the risk factors listed from time to time in such SEC reports. Copies of these filings are available through the SEC’s electronic data gathering analysis and retrieval system (EDGAR) at www.sec.gov.

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
ELITE FINANCIAL COMMUNICATIONS GROUP
Dodi B. Handy, President & CEO
For Media Inquiries: Tiffany Korkis or John Morrison, Managing Directors of Elite Media Group 407-585-1080 or via email at AWSR@efcg.net

In the News

October 15, 2009
America West Resources Receives $1 Million Spot Price Coal Contract from West Coast Co-Gen Power Plant

October 14, 2009
America West Resources Expands Sales & Marketing Team

September 24, 2009
America West Resources' CEO Issues Operational Update

September 8, 2009
America West Resources Takes Delivery of New Mining Equipment

See past news



America West Resources, Inc. Highlights
  • The market cap of the company is less than $30 million
  • Operations at the Horizon Mine has been contiguous since 2003
  • Proven coal reserves for many years in the future
  • Strong, seasoned management team with extensive background in coal
  • Multiple year contracts in place with large companies
  • Company is 18 percent institutionally owned
  • The Company has a low debt to value ratio