(EDE or the Company) is an OTC Markets public company designed to create an integrated system of Green Energy projects that will address the broad range of environmental needs that we currently face. The company’s common stock trades under the symbol MPIR and is currently in the development stage. Vertical Integration:
In an effort to improve EDE’s business model, the Company is immediately implem
enting a vertical integration strategy, seeking to acquire its supply components, including high BTU, low-ash coal and biomass reserves, patentable environmental-friendly processes, multi-use assets including a wash plant and access to associated rail, and the complete means of production and manufacturing of pelletized fuel. Immediate Acquisitions and a Path to Profitability:
To accomplish this vertical integration, EDE is in the process of raising funds through a private placement of its common stock. EDE plans to acquire certain assets including, but not limited to equipment, coal mines, coal fines, landfills and biomass inventories. Management reserves the right to explore the best and most cost efficient properties to enhance the pricing benefits for the customer and for the Company. Empire Diversified Energy Inc. (Ticker Symbol: MPIR) is a diversified energy and logistics company. It is geographically situated in the heart of the energy and raw material nexus of WV/PA/OH/KY, with barge and rail capabilities on the Ohio River, and a vast array of sources for energy buyers and sellers, with other critical materials available as well. In addition, Empire has developed a wide range of “green energy” products & solutions to industry problems, offering strategic and cost-effective logistics to address (1) LNG and Petrochemical Storage Hubs (2) Petrochemical Loading Facilities (3) Scrap Iron and Mineral Sales , (Slag, HBI, Coal, Water). Empire has continued the implementation of this business plan by developing existing relationships and business partnerships , employing the capital we are currently seeking to expand those partnerships and to finalize existing agreements in principle with other major players. The new regulations in the energy and related industries, makes this a unique opportunity to create a multi-faceted, multi-functional company that can produce and sell materials, and also provide logistical solutions to our customer base. DTE Dickerson Acquisition
In May of 2017, Empire completed its acquisition on the DTE Dickerson property and the Company’s plan of operations is as follows:
The Dickerson Property has coal refuse and coal waste, which can be removed and blended at other nearby established coal mines. The Dickerson Property is located within 20-mile radius of several established mining complexes, which will allow DTE to customize blends of coal
The refuse coal and waste coal will be blended with ROM coal, which will be suitable for power plants and other providers of energy. The market price for the blended coal will be at a discount to the NYMEX coal price, thus providing savings to the consumer. The blended coal can be easily loaded into railcars or barges, both of which are accessible to the Dickerson Property. Assets in the Dickerson LLC included the following: (i) all coal, coal slurry, coal waste and coal refuse located within the property; (ii) surety bond in the amount of $1,203,500; (iii) a slurry disposal area; (iv) prep plant; and (v) various permits
While there have been no mining operations for more than 5 years, it is believed that there remains more than three million tons of refuse coal. At various times the property was mined by U.S. Steel and CONSOL Energy Inc. The local mines in the area will allow DTE to blend and customize its coal specification to meet both international and domestic coal orders at a reduced price per ton. We have agreed in principle with a local mining company that they will sell us 70,000 tons of run of mine coal per month that we will blend with our refuse and waste coal at a ratio of 70% run of mine coal and 30% refuse and waste coal. Because of the proximate location of the local mining complex and our Dickerson Property, the cost of delivering the blended coal will be kept to a minimum.
