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3927 Acres 100MT Tons West Virginia Coal UNMINED

Mason County, WV, 2 seams, 14 ft total. No 8 & 8a

Summary

Localized thick deposit on property coal seams above drainage. Depoit shown on 1904,1908,1910, and 1921 maps. EXCERPT FROM 1909 GOLD BOND OFFERING for the coal rights: "GLENWOOD COAL & COKE COMPANY 6% GOLD COUPON BONDS, 30 year term, (guaranteed by Sinking Fund.) Due September 15, 1939. Denominations, $500. Price, $95 and interest. Semi-annual interest. Netting investors 6.32%. Bonded debt, $750,000 (First Lien.) Value of property, $10,000,000. Property located on the OHIO RIVER in WEST VIRGINIA, being near to all WESTERN MARKETS and 300 miles NEARER to the SOUTHERN MARKETS than all the operating companies of the PITTSBURG DISTRICT, and aggregating 3,927 ACRES OF COAL, TWO VEINS, FOURTEEN FEET IN THICKNESS. (Circulars on Request.) The Carl C. Conkle Company, Investment Bankers. Machesney Building 223 Fourth Avenue, Suites 1306-1307, Pittsburg, Pennsylvania, 15222." A “Descriptive Circular” may possibly be found in Roger W. Babson's monthly periodical, “COMPOSITE CIRCULARS OF CORPORATION BOND OFFERINGS” in a 1909 issue. Glenwood Coal & Coke Company is also referenced in "BOND OFFERINGS: A DIRECTORY OF CORPORATION BONDS. Covering Statements for the Calendar Year 1909. Vol.5, 1910 Edition. By Roger W. Babson."

Location and Access

Southern Mason County, in Hannan District, at and around the town of Glenwood, West Virginia along the Ohio River. The coal rights accessible by state and county roads. There is also a bordering CSX rail line. Zip code 25520

Description

Not far from planned Babcock & Wilcox Coal / Sequestration / Hydrogen Plant in Mason County, West Virginia. Assembled in the year 1907. Aggregating 3,927 contiguous acres approx. 6 1/2 sq mi. Southern Mason County, West Virginia around the town of Glenwood, West Virginia. River, CSX rail and state road Rt 2 / Ohio River Road borders the property. The title is clear and well written. ALL of the original coal is still in place. There is a high-pressure gas transmission line, 8-inch TC Energy SM-90, and adjacent compression station, with the line crossing across the middle of the coal lands. This gas line can potentially be used to de-gas the coal seams. Typical coal company language found in the deed. The previous owners were approached by a major oil and gas company drilling nearby about 2007 about drilling coal bed methane on the Glenwood coal land but with many heirs, never came to terms to sign a lease. The Glenwood coal property constitutes the thickest contiguous coal deposits ever discovered in Mason County, West Virginia.

Geology

Adjacent gas well API # 4705300217 off the property shows 6 coal seams. The Pittsburg seam is about 600 Feet above sea level on the property. Standing at the creek line, the Pittsburg coal is about 25 feet above, with the Pittsburg 8a higher than the Pittsburg 8. The Ohio DNR has data directly across the river from the property, 2.95 miles away indicating 20 feet of Pomeroy 8A coal. 4 miles away at Clover Station the Freeport bed shows 8 Feet as Indicated by the “Jenkins Well” in the West Virginia Geological Survey Book of Jackson, Mason, and Putnam Counties 1911. Three miles upriver at Mercers Bottom 10 Feet of little Pittsburg, Freeport, or Kittanning was mined for decades by the Barnett Coal Company, The Mercers Mining Company, and the Keester Mine. There is another big seam likely below drainage being the Freeport or Kittanning seam.

History

Project history about coal company’s original project:
While drilling for oil in 1904, 1/2 mile from Glenwood, West Virginia a driller bored through coal for a continuous distance of 12 feet which began the interest in the property.
In 1907 Pennsylvania interests, founded The Glenwood Coal and Coke Company of West Virginia, with a capital stock of $100,000. The original developers were involved in many coal mining enterprises. The company was misnamed by several industry publications of the era as "The Glenwood Coal and Oil Company" The new company’s chief works would be located at and around Glenwood, W.Va. The company painstakingly assembled a contiguous block of nearly 4,000 acres of coal rights with a plan to mine two Monongahela seams, FOURTEEN FEET IN THICKNESS Source: . A total of $500,000 capital stock was held by the developers in two related companies from Delaware and West Virginia. Several attempts to raise capital were made before the company folded in 1932. The company’s assets sold for to the state for taxes in1932, after the death of one of the original developers during the Great Depression. The scientific reports, core samples, and maps of the property were lost at that time. Prolific West Virginia State Geologist Dr. Israel C. White identified and mapped the commercially significant coal deposits at Glenwood, West Virginia in 1908. One of these maps being the "Map of West Virginia showing the coal, oil, gas, and limestone areas” published by the West Virginia Geological Survey. I discovered that there were $750,000 in securities tied to this mineral asset in the form of GOLD CORPORATION BONDS in Spring 2022 indicating 14 feet of coal in two seams. The coal company heirs, from whom I acquired the property had owned it for decades, inherited these contiguous 3,927 acres from their parents. The previous owner was was the owner and operator of several coal mines in two states. He purchased the Glenwood coal lands from the State of West Virginia in the 1940’s and never got around to doing work on it other than identifying the general location. The previous owners did not advertise or try to promote development of the property. The mining project of The Glenwood Coal and Coke Company of Mason County, West Virginia is truly a lost, forgotten treasure!

Additional Information

Possible critical minerals site for REE production. Descriptive circular available on request. I have a QUIT CLAIM DEED. The property has never been mined. I own the undivided 100% interest with no partners. A FASForm coal facility is planned nearby by Frontieras North America. A major two-lane road will be upgraded along one side of the coal rights. It is my understanding that a 36” seam of hard coal/anthracite is in the area and may also be on the property. There is a river barge dock and factory under construction about 5 miles north by Nucor Steel
Mason County IDX West Virginia Deed Book 412 Page 789 or for the 1908 transfer from trustee to the coal company, look up MASON COUNTY WEST VIRGINIA IDX Deed Book 79 Page 225. Check out the beautiful and lengthy hand-written deed filed in the public record. LET'S TALK!
. One Hundred Million Tons bond image is artist impression.

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