BRISTOL, Tenn., Aug. 12, 2021 /PRNewswire/ -- Alpha
Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier
of metallurgical products for the steel industry, today announced
the receipt of its expected $70
million tax refund and related interest payment resulting
from a net operating loss carryback claim.
The company previously disclosed its expectation of receiving
the refund before year end.
"Receiving this tax refund increases Alpha's total liquidity,
and we are pleased to have these funds in hand," said Andy Eidson, Alpha's president and chief
financial officer. "We continue to be optimistic about our ability
to build cash and reduce our debt load over the coming quarters,
and we look forward to providing updates on that progress with our
next quarterly earnings announcement."
About Alpha Metallurgical Resources
Alpha Metallurgical Resources (NYSE: AMR) is a Tennessee-based mining company with operations
across Virginia and West Virginia. With customers across the
globe, high-quality reserves and significant port capacity, Alpha
reliably supplies metallurgical products to the steel industry. For
more information, visit www.AlphaMetResources.com.
Forward-Looking Statements
This press release includes forward-looking
statements. These forward-looking statements are based on
Alpha's expectations and beliefs concerning future events and
involve risks and uncertainties that may cause actual results to
differ materially from current expectations. These factors are
difficult to predict accurately and may be beyond Alpha's
control. Forward-looking statements in this press release or
elsewhere speak only as of the date made. New uncertainties
and risks arise from time to time, and it is impossible for Alpha
to predict these events or how they may affect Alpha. Except
as required by law, Alpha has no duty to, and does not intend to,
update or revise the forward-looking statements in this press
release or elsewhere after the date this release is issued. In
light of these risks and uncertainties, investors should keep in
mind that results, events or developments discussed in any
forward-looking statement made in this press release may not
occur.
INVESTOR
CONTACT: ALEX ROTONEN
|
MEDIA
CONTACT: EMILY O'QUINN
|
InvestorRelations@AlphaMetResources.com
|
CorporateCommunications@AlphaMetResources.com
|
423.956.6882
|
423.573.0369
|
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SOURCE Alpha Metallurgical Resources, Inc.