Mohegan Energy Trustees secured a $100 million debt facility from Orion Energy Partners to enhance its metallurgical coal operations in West Virginia.

Information on the Target

Mohegan Energy Trustees, LLC ("Mohegan") is a newly established private entity engaged in the responsible and efficient operation of a low volatility metallurgical coal mining facility located in West Virginia. Following its strategic acquisition of Cornerstone Minerals, LLC ("Cornerstone"), Mohegan is dedicated to increasing production levels, reducing operational costs, and enhancing the existing infrastructure of its facilities.

Through Cornerstone, which operates as its wholly-owned subsidiary, Mohegan has secured a debt facility amounting to $100,000,000 to facilitate the acquisition of the low vol metallurgical coal operation along with the necessary equipment from Met Resources, LLC. This investment positions Mohegan to further its operational goals while tapping into the growing demand for metallurgical coal.

Industry Overview in West Virginia

The mining industry in West Virginia has historically been a robust sector, vital to the state’s economy and employment landscape. Despite facing challenges over the past decade due to market fluctuations and environmental regulation