https://stockreads.com/Stock-Newsletter.aspx?id=41395
https://otcpicknews.com/emailmarketer/link.phpM940&N05&L97&F=T Global Earth Energy Inc. provides renewable energy solutions. In addition, the Company is pursuing joint venture agreements with green solution providers worldwide.
GLER News:February 10 - Global Earth Energy Inc. Enters Into Coal Mining Joint Venture Worth Approximately $500 Million Over the Next 5 YearsCompany to Bring in New Board of Advisors Global Earth Energy Inc. (OTCBB:
GLER) announced that it has entered into a joint venture partnership with GFC 2005 LLC, a coal mining concern with offices in Orion, Michigan. The deal involves the mining and sale of 1,000,000 tons of coal per year for the next five years at a per tonnage price of approximately $100.00 per ton. The joint venture will be on a 70/30% split between GFC and
GLER respectively. The total gross revenues are worth approximately $500 million over the next five years giving
GLER a gross revenue stream of approximately $150 million. Furthermore, GFC has a purchase order in place with Wins International Company Ltd., of South Korea for the purchase of 5 million tons of coal as of January 25, 2011.
GFC and
GLER have entered into this agreement based on the synergies between the two firms that is based on the financial model created by
GLER and LifeCycle international involving asset backed securities involving the LB TIM deal.Site Location Alchemy Engineering Associates, Inc. a Mining & Civil Engineering Consultant in Kentucky has estimated the coal mine has over 5 million tons of coal. The project area is located within the Buzzard Branch watershed, near the mining community of Algoma, in McDowell County, West Virginia.
This watershed has been extensively deep and surface-mined, with mining having occurred since the beginning of the 20th century. The primary coal seam(s) mined were the Pocahontas 3 & 4 seams, which were historically used as coking coals.
GLER release of informationThe coal purchase order in full from Wins International will be posted on the
GLER website along with the supporting documentation from Alchemy Engineering associates. Resumes of the GFC management team will also be posted.In addition,
GLER will also repost the executed MOU with LB TIM concerning the purchase of the Preferred Class A shares for the amount of $100 Million dollars.Management
GLER will also be bring on a new board of advisors to the firm with leading experts in the fields of coal, green energy, money management and life settlements to better assist the company in its future endeavors.ABOUT GFC 2005 LLCIn 2005, Mr. Van Gamper registered GFC 2005, LLC to complete the private property purchase of the Waste coal sites. Mr. Van Gamper`s coal projects include transactions with and/or ownership in the Freeman Energy Corporation and affiliates, General Dynamics Corporation, Mon View Mathies Site, Roxanne Energy, Razor Coal Mine, and other various sites in West Virginia.Along with his business interest in the coal industry,
Mr. Van Gamper currently serves as the CFO of W.A.I.T.T Development and is the managing partner of Van Graham & Associates LLC.MAMMOTH ENERGY GROUP (OTC: MMTE) "Up 41.18% on Thursday" Detailed Quote: