Tar Sands to go public through Integrated Rail and Resources Acquisition BCA

Tar Sands, which owns refining and real estate assets and minerals and mining rights located in Vernal, Utah, and Integrated Rail and Resources Acquisition, announced they have entered into a business combination agreement, or BCA, which will result in a merger of the two companies with a subsequent Nasdaq exchange listing. The company also announced it is in substantial contract negotiations with a global integrated energy company for the purchase of Anchor feedstock products and the sale of all refined commodities back to Anchor. The completion of the business combination is subject to regulatory approvals, the approval of the transaction by the shareholders of IRRX, and the satisfaction or waiver of other customary closing conditions.