SOURCE: Americas Energy Company

January 08, 2010 09:38 ET

Americas Energy Company Begins Mining Operations on Hwy 92 Property

KNOXVILLE, TN--(Marketwire - January 8, 2010) - Americas Energy Company (OTCBB: AENY) a publicly traded company currently based out of British Columbia and Americas Energy Company, Inc. ("AECo") based out of Knoxville, Tennessee announced today that AECo has begun operations on its Highway 92 surface mine project. AECo is in the process of being acquired by AENY. The property is permitted for 3 seams of coal, the Upper Rooster, Lower Rooster and the Dean. All are high-grade specialty coal seams and are anticipated to sell in the $70-80 dollar range per ton, at current coal prices. AECo is currently negotiating a sales contract for its initial monthly production of 10-12,000 tons of coal, to be delivered on a 15-month contract with Blueflame Coal located in Knoxville, Tennessee.

"The Highway 92 Property is representative of the exceptional quality of the coal properties that the Evans Coal Corporation has assembled over the last 15 years. Combined with the Upland Church property our total monthly production will be increased to approximately 25,000 tons," said Chris Headrick, President and Co-CEO of AECo. "AECo also owns a Proven Reserve of more than 4.57 Million tons of coal in Bledsoe County, Tennessee where we have recently completed the required overburden drilling on the coal property and are moving forward with our engineers to obtain a surface mine permit. The property includes two seams of coal, the Richland and the Sewannee. The Sewannee is very desirable High Volatile Metallurgical grade coal and should command a premium price in the market."

AECo is seeking qualified contract deep miners for our Kelliokae and Darby seams for our deep mine permits on the Cardinal Property adjacent to our Upland Church Project. Interested parties should email our COO, Sam Johnson at sjohnson@americasenergycompany.com for additional information.

About Americas Energy Company

We are a consolidator of high quality energy properties, operating out of our main offices in Knoxville, TN. We currently operate projects in both Kentucky and Tennessee. AECo invests in energy projects throughout the Americas. We are currently evaluating several additional coal projects, as well as oil and gas rework projects in Southeastern Kentucky.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to obtain necessary approvals, the failure to complete the business combination between AECo - Tennessee and AENY - British Columbia, the future market price of AENY common stock and the ability to obtain the necessary financing.

Contact Information

  • Company Headquarters
    Contact:
    Christopher Headrick
    249 N. Peters Rd., Suite 300
    Knoxville, TN 37923
    Phone: (865) 238-0668 x 105
    Web Site: www.americasenergycompany.com
    Email: Email Contact

    Blue Flame Coal
    Contact:
    Mr. Ed Appleby
    8724 Rutledge Pike
    Knoxville, TN 37924
    Phone: (865) 621-5255