BRISTOL, Tenn., Jan. 22,
2021 /PRNewswire/ -- Contura Energy, Inc. (NYSE: CTRA), a
leading U.S. supplier of metallurgical products for the steel
industry, today announced that it will change its name, effective
February 1, 2021, to Alpha
Metallurgical Resources, Inc.
The company expects its common stock, currently traded on the
New York Stock Exchange under the CTRA ticker symbol, to begin
trading under its new ticker symbol, AMR, on February 4, 2021.
The rebranding effort more accurately reflects the company's
strategic focus on the production of metallurgical coal as a
critical feedstock for steel production. Contura's recent
divestiture of the Cumberland Mine in Pennsylvania largely marked the company's exit
from the thermal coal business.
The new name, Alpha Metallurgical Resources, is both an
acknowledgment of the company's rich history and a commitment to a
fresh, bold vision for the future.
"Over a year ago, we outlined our vision to make Contura a
premier metallurgical coal producer," said David Stetson, Contura's chairman and chief
executive officer. "Thanks to the transformative work of our team
over the last several months, that vision has become a reality.
Bringing back the Alpha name is not only meaningful to us and our
history, but it also serves as an outward display to external
stakeholders of the sharpened focus we have on metallurgical coal.
We are excited to announce this important milestone and we look
forward to fully unveiling the Alpha Metallurgical Resources brand
when it becomes effective on February
1."
ABOUT CONTURA ENERGY
Contura Energy (NYSE: CTRA) is a Tennessee-based metallurgical coal supplier
with affiliate mining operations across Virginia and West
Virginia. With customers across the globe, high-quality
reserves and significant port capacity, Contura Energy reliably
supplies metallurgical coal to produce steel. For more information,
visit www.conturaenergy.com.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking
statements. These forward-looking statements are based on
Contura'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 Contura's
control. Forward-looking statements in this news release or
elsewhere speak only as of the date made. New uncertainties
and risks arise from time to time, and it is impossible for Contura
to predict these events or how they may affect Contura. Except
as required by law, Contura has no duty to, and does not intend to,
update or revise the forward-looking statements in this news
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 news release may not
occur.
INVESTOR
CONTACT
investorrelations@conturaenergy.com
Alex Rotonen, CFA
423.956.6882
MEDIA
CONTACT
corporatecommunications@conturaenergy.com
Emily O'Quinn
423.573.0369
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SOURCE Contura Energy, Inc.