BROOKWOOD, Ala.--(BUSINESS WIRE)--
Warrior Met Coal, Inc. (NYSE: HCC) (“Warrior” or the “Company”), the
leading dedicated U.S. based producer and exporter of high quality
metallurgical (“met”) coal for the global steel industry, today
announced that it has joined the Russell 2000® Index of small- to
mid-capitalization companies in the United States.
“Being added to the Russell 2000 less than three months after our
successful IPO is a notable milestone for our company,” commented Walt
Scheller, CEO of Warrior Met Coal. “Membership in the index should help
increase Warrior’s exposure in the investment community and further
establish our place as the premier and only ‘pure-play’ met coal
producer in the U.S.”
Russell indexes are an important component of index funds and serve as
benchmarks for investment managers and institutional investors pursuing
both passive and active investment strategies.
About Warrior Met Coal
Warrior is a large scale, low-cost U.S. based producer and exporter of
premium hard coking coal (“HCC”), operating highly efficient longwall
operations in its underground mines located in Alabama. The HCC that
Warrior produces from the Blue Creek coal seam contains very low sulfur
and has strong coking properties and is of a similar quality to coal
referred to as the benchmark HCC produced in Australia. The premium
nature of Warrior’s HCC makes it ideally suited as a base feed coal for
steel makers and results in price realizations near the HCC benchmark.
Warrior sells all of its met coal production to steel producers in
Europe, South America and Asia. For more information about Warrior Met
Coal, please visit www.warriormetcoal.com.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements contained in this press release constitute
“forward-looking statements” within the meaning of federal securities
laws. These forward-looking statements represent management’s
expectations or beliefs concerning future events, and it is possible
that the results described in this press release will not be achieved.
These forward-looking statements are subject to risks, uncertainties and
other factors, many of which are outside of the Company’s control, that
could cause actual results to differ materially from the results
discussed in the forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is
made, and, except as required by law, the Company does not undertake any
obligation to update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise. New factors
emerge from time to time, and it is not possible for the Company to
predict all such factors. When considering these forward-looking
statements, you should keep in mind the risk factors and other
cautionary statements in the Company’s filings with the U.S. Securities
and Exchange Commission (“SEC”), including its Registration Statement on
Form S-1 (File No. 333-216499) and Form 10-Q for the quarterly period
ended March 31, 2017 and other reports filed from time to time with the
SEC, which could cause the Company’s actual results to differ materially
from those contained in any forward-looking statement.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170629006159/en/
Warrior Met Coal
Investors:
Dale W. Boyles, 205-554-6129
[email protected]
or
Media:
William
Stanhouse, 205-554-6131
[email protected]
Source: Warrior Met Coal