White Energy Moves to Recover Mountainside Debt with US$3.8m Kentucky Asset Sale

White Energy Company Limited ( (AU:WEC) ) has shared an update.

White Energy’s subsidiary Binderless Coal Briquetting Company has agreed to sell a coal wash plant, coal permit and land lease in Kentucky to Blue Gem Poplar Creek LLC for US$3.8 million, with proceeds to be shared with joint venture partner Proterra after deducting recoverable holding and selling costs. Completion, targeted by 16 February 2026, is subject to standard conditions including payment of the purchase price, a permit bond, lease assignment and transfer of operator status on the permit, with specific provisions for reversal and liquidated damages if permit transfer or lease obligations are not met; the transaction represents a significant partial recovery of debt owed from the 2021 sale of Mountainside Coal Company, and the expected funds will be used to support further mineral exploration, settle Proterra’s share, and for general corporate purposes, although the company notes it cannot provide high assurance that the newly formed buyer will complete given limited ability to independently verify its financing.

The most recent analyst rating on (AU:WEC) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on White Energy Company Limited stock, see the AU:WEC Stock Forecast page.

More about White Energy Company Limited

White Energy Company Limited is an Australian-listed energy company focused on coal-related assets and technologies through subsidiaries such as Binderless Coal Briquetting Company. The group has been involved in coal processing infrastructure and associated permits in the US market, including interests in Kentucky-based coal operations through former subsidiary Mountainside Coal Company Inc. and a joint venture with Proterra Investment Partners.

Average Trading Volume: 79,851

Technical Sentiment Signal: Hold

Current Market Cap: A$19.87M

For an in-depth examination of WEC stock, go to TipRanks’ Overview page.