Coronado Global Resources Inc. (OTC: CODQL)

Coronado Global Resources Inc. is a recognized producer global marketer and exporter of high-quality metallurgical coal supported by a diversified operating portfolio of three high-quality long-life metallurgical coal assets located in Australia and the United States. The company produces metallurgical coal which is an essential ingredient in the production of steel using blast furnaces for manufacturing everyday steel-based products serving major sectors of the global economy including automotive construction and infrastructure. Mining operations and development projects are located in Queensland Australia and in Virginia West Virginia and Pennsylvania in the United States.

Coronado Global Resources Inc. generates revenue primarily through the sale of metallurgical coal and thermal coal. Metallurgical coal is sold directly or indirectly to steel producers for use in blast furnace operations while thermal coal a byproduct of metallurgical coal mining is sold to power stations predominantly Stanwell Corporation Limited as an energy source for electricity generation. The company serves a geographically diverse customer base across global markets with primary consumers of seaborne metallurgical coal located in Asian markets Brazil and Europe in 2025.

The company operates through the following segments: Australia and U. S.

• Australia segment includes the 100%-owned Curragh producing mining property located in the Bowen Basin of Queensland Australia comprising two open cut mines Curragh North Mine and Curragh South Mine and one underground mine Mammoth Underground. The Curragh complex has an estimated reserve life of 20 years and contributed 10.6 million tonnes of saleable production for the year ended December 31 2025. It is a key supplier of metallurgical coal to steelmakers in Asia Europe and South America. Australian Operations also sell thermal coal under a long-term legacy contract to Stanwell Corporation Limited and some thermal coal in the export market. Revenues from Australian Operations represented 60.8% of total revenue for the year ended December 31 2025.

• U. S. segment comprises two producing mining properties Buchanan and Logan located in the Central Appalachian region of the United States and one development mining property Mon Valley all 100%-owned. Buchanan and Logan have estimated reserve lives of 22 and 34 years respectively and contributed a total of 5.3 million tonnes of saleable production for the year ended December 31 2025. U. S. Operations produce metallurgical coal consumed regionally by North American steel producers or exported by seaborne transportation to steel producers primarily in Asia Europe and South America. They also produce and sell some thermal coal recovered during metallurgical coal mining. Revenues from U. S. Operations represented 39.2% of total revenue for the year ended December 31 2025.

Coronado Global Resources Inc. holds a competitive position within the global metallurgical coal industry as a producer of high-quality low-ash metallurgical coal products recognized by steelmakers for favorable coking attributes. The company competes based on coal quality characteristics price customer service and reliability of supply. Key competitive advantages include ownership of long-life assets with substantial resource base geographic diversification across Australia and the United States access to key transportation infrastructure and a diversified product portfolio including hard coking coal semi-hard coking coal semi-soft coking coal and pulverized coal injection coal. The company benefits from 100% ownership of all operating mines allowing full control over strategic decisions and swift reaction to global market demands. It operates in a highly competitive environment facing competition from domestic and international coal producers traders and brokers in Australia the United States Canada Russia Mongolia and other coal-producing countries.

Coronado Global Resources Inc. serves a diversified customer base spanning five continents with specific customer names including Tata Steel Limited and TS Global Procurement Company Pte Ltd collectively referred to as Tata Steel which accounted for 18.2% of total revenue in 2025. The company also supplies thermal coal to Stanwell Corporation Limited a Queensland government-owned entity and operator of the Stanwell Power Station under long-term agreements. The customer base includes tier one steel mills in Japan South Korea Taiwan India Europe Brazil North America and China. Sales to direct end users in key Asian markets Japan South Korea and India represented 50.0% of total revenue in 2025.