Cokal Secures US$20 Million to Accelerate Indonesian Coal Production and Infrastructure

• US$3 million funding commitment from PT Petrindo, including US$1.45 million in coal presales
• Strategic partnership with Cratus Group providing US$20 million for coal sales, transport infrastructure, and financing
• Ramp-up of metallurgical coal production at BBM project with enhanced logistics and cost efficiencies
• Development of river and road transport infrastructure, including new barges and a steel bridge