Acquiring Company
White Energy Company
Acquired Company
Essential Global Resources
Description
White Energy Company is set to acquire 100% of Essential Global Resources for 83.3 million shares, valued at approximately $5 million. This acquisition includes the Lolley No. 1 underground metallurgical coal project in Alabama. Additionally, White Energy is purchasing Oceltip Coal 2 for an aggregate price of $4.5 million to further expand its coal assets.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Essential Global Resources?
Essential Global Resources was acquired by White Energy Company, based in Sydney. The deal was reported on August 31, 2026. White Energy Company is involved in the acquisition and development of coal projects. The company focuses on metallurgical coal assets to enhance its portfolio and market presence. White Energy Company is privately held and operates in Energy.
When did White Energy Company acquire Essential Global Resources?
White Energy Company's acquisition of Essential Global Resources was reported on August 31, 2026. White Energy Company is set to acquire 100% of Essential Global Resources for 83.3 million shares, valued at approximately $5 million. This acquisition includes the Lolley No. 1 underground metallurgical coal project in Alabama. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Essential Global Resources do?
Essential Global Resources specializes in underground metallurgical coal projects. The company is known for its Lolley No. 1 coal project in Alabama and aims to support energy needs through coal production. It is privately held, operating in Energy, and is based in Alabama.
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