Colonial Coal International(OTC) CCARF

Colonial Coal International Corp. is a Canadian-based company focused on the exploration and development of coal reserves across Canada. The company owns the Huguenot coal project and has interests in the Flatbed coal property, positioning itself strategically within the coal industry.

Products and Services

• Exploration and development of coal reserves
• Ownership of the Huguenot coal project
• Interest in the Flatbed coal property

Growth Outlook

• Possesses significant coal reserves covering over 19,000 hectares
• Strategic location in British Columbia's Liard Mining Division
• Potential for increased demand in the energy sector

Financial Highlights

• Recent quarterly net income of -$412,489
• Cash and cash equivalents increased to $6,928,175
• Current ratio stands at an impressive 116.72

Colonial Coal International Corp. is in the exploration phase, focusing on acquiring and advancing coal reserves. The company holds full ownership of the Huguenot coal project, which consists of seventeen permits covering approximately 9,531 hectares. Additionally, it has an interest in the Flatbed coal property, which includes eight coal licenses extending over an estimated 9,607 hectares. Established in 2007 and headquartered in Vancouver, the company is strategically positioned to capitalize on potential growth in the coal sector. The growth outlook is promising, with significant coal reserves and a strategic location that may attract interest as demand for energy resources increases. Financially, the company has shown resilience, with a notable increase in cash reserves and a strong current ratio, indicating good liquidity. Despite recent net losses, the financial position remains stable, providing a foundation for future growth and development in the coal industry.