Office and Facilities
−Removed: We lease approximately 24,000 square feet of office space in Greenwood Village, Colorado for our corporate headquarters and primary research and development laboratory.
−Removed: We own the Red River Plant, which is located on approximately 61 acres and leased approximately 22,000 square feet of warehouse space in Coushatta, Louisiana.
−Removed: We also lease approximately 60,000 square feet of warehouse space in Natchitoches Parish, Louisiana, where we operate a production and distribution facility.
−Removed: Further, we lease approximately 59,000 square feet of warehouse space and seven acres of land in Campti, Louisiana for storage of our products.
−Removed: On February 1, 2023, following completion of the Arq Acquisition, we lease approximately 7,100 square feet of office space in Lexington, Kentucky and approximately 1,180 square feet in London, UK.
−Removed: Additionally, we also lease approximately 470 acres in Corbin, Kentucky where we operate the Corbin Facility.
−Removed: As of December 31, 2022, we owned or controlled, primarily through long-term leases approximately 4,425 acres of coal land for surface mining.
−Removed: Of those acres, approximately 1,975 acres are located in Natchitoches Parish, Louisiana ("Five Forks").
+Added: We own or lease land and facilities in the following States:
+Added: Colorado - We lease approximately 24,000 square feet for our corporate headquarters and primary research and development laboratory.
+Added: Louisiana - We own the Red River Plant, which is located on approximately 61 acres.
+Added: We also lease approximately 141,000 square feet in various locations that is used for production, distribution and storage.
+Added: Kentucky - We lease approximately 470 acres in Corbin, Kentucky where we operate the Corbin Facility.
+Added: As of December 31, 2023, we owned or controlled, primarily through long-term leases, approximately 1,975 acres of coal land for surface mining located in Natchitoches Parish, Louisiana ("Five Forks").
The majority of the Five Forks land is leased for mineral rights and right-of-use purposes that expire at varying dates over the next 30 years and contain options to renew.
The remaining land is owned by us.
−Removed: Under our current mining plans, substantially all leased reserves will be mined out within the period of existing leases or within the time period of assured lease renewals.
−Removed: Royalties are paid to lessors either as a fixed price per ton or as a percentage of the gross sales price of the mined coal.
−Removed: The majority of the significant leases are on a percentage royalty basis.
−Removed: In some cases, a payment is required either at the time of execution of the lease or in annual installments.
−Removed: In most cases, the prepaid royalty amount is applied to reduce future production royalties.
−Removed: The remaining 2,450 acres (of 4,425 acres of coal land for surface mining) pertain to the Marshall Mine, which is located in Harrison and Panola Counties, Texas.
−Removed: Mining operations on this land ceased in the third quarter of 2020.
+Added: We also have approximately 380 acres of land containing bituminous coal waste at the Corbin Facility for recovery of bituminous coal fines, which is leased through August 31, 2025 and contains options to renew for successive five year terms until all merchantable fines are removed from the premises.
+Added: Based on current operating assumptions, we intend to renew this lease for an additional five-year term.
Based on the materiality and the vertically-integrated company guidelines contained in Regulation S-K of the Securities Act and the Exchange Act, we have concluded that no additional disclosures related to our mining operations are required under this Item.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.