Clinch Resources Ltd. Announces Listing on Toronto Stock Exchange

Executive Summary

• Clinch Resources Ltd. completed a reverse takeover and concurrent US$46 million financing, resulting in its common shares beginning to trade on the Toronto Stock Exchange under ticker “CLCH”.
• The financing funds the development of the ARI metallurgical coal project (≈111 M tons Measured & Indicated resources) and provides working capital for general corporate purposes.
• The transaction includes a 38.8% indirect acquisition of JJ Resources Inc., owner of the fully permitted 24,000‑acre Sewell Mountain mid‑vol met‑coal mine in West Virginia.

Key Details

• Listing: Effective March 20 2026, Clinch’s common shares commenced trading on the TSX (ticker “CLCH”).
• Reverse Takeover: Completed concurrently with a US$46.0 million financing and a 38.8% indirect acquisition of JJ Resources Inc.
• Financing Structure: Private placement raising US$46 million; net proceeds earmarked for ARI project development, general & administrative expenses, and working capital.
• Acquisition Target: JJ Resources Inc., owner of the Sewell Mountain mid‑vol met‑coal mine (24,000 acres, fully permitted).
• ARI Project Resources: Approx. 111 million tons of metallurgical coal (≈64 M tons Measured, ≈47 M tons Indicated) over 54,000 acres; detailed in Appendix A and NI 43‑101 Technical Report dated Dec 15 2025 (effective Jun 30 2025).
• Management Commentary: CEO Jon Nix highlighted the strategic importance of met‑coal for steelmaking, recent pricing support, and inclusion of met‑coal on the U.S. Department of Interior’s Critical Mineral List (Nov 2025). EVP Robert Gaylor emphasized the transition from “targeted to protected” status for the commodity.
• Technical Report: NI 43‑101 compliant Pre‑Feasibility Technical Report prepared by Marshall Miller & Associates, Inc., reviewed and approved by qualified persons listed in the release.

Notable Quotes

“We are excited to complete the RTO and concurrent offering and to become a public entity by listing our shares on the TSX,” – Jon Nix, CEO, Clinch Resources Ltd.

“It is exciting to be the newest met‑coal producer in the U.S. at a time where the commodity has gone from targeted to protected,” – Robert Gaylor, EVP of Capital Development and Investor Relations, Clinch Resources Ltd.