PRZOOM - /newswire/ -
Winston-Salem, NC, United States, 2010/08/24 - SmallCapReview a leading site for news and information on small caps, penny stocks and microcaps is adding American Power Corp. (OTCBB: TGMP) to its list of stocks "On the Radar".
American Power Corp. (TGMP) is a dynamic energy company based in Denver, Colorado. The Company was established with the focus of acquiring near-term, large-scale advanced coal projects in close proximity to national transportation links. American Power envisions developing its large coal resources to support electricity generation.
American Power is a member of the Montana Mining Association, and holds approximately 29,000 acres in Judith Basin County, Montana. The estimated resources in place, based on exploration work conducted by Mobil Oil Co. (now ExxonMobil Corp.), and in several independent studies, range from 172 million up to 410+ million tons of high volatile bituminous B coal.
TGMP Investor Highlights Include:
Announced that it will proceed to kick start the development of its advanced Pace Coal Project in Judith Basin County, Montana.
In April 2010, American Power Corp. acquired roughly 29,000 acres, which make up the Pace Coal Project. In 1979 Mobil Oil Co. (now ExxonMobil) drilled 30 holes over 14,000 of the project's acreage, and delivered 45 samples which were later sent to an independent laboratory for analysis. It was subsequently determined that both the quality and the quantity of coal on the Pace acreage was high and significant, respectively. Several independent reports were commissioned based on the development work undertaken by Mobil Oil, determining there could be in excess of 410 million tons of high volatility bituminous coal potential on the Pace acreage.
Announced that the Board appointed mining executive Mr. Al Valencia as President and Chief Executive Officer (CEO) on August 1st, 2010.
Substantial infrastructure is already in place adjacent to and within the acreage, including a federal highway, a BNSF railway line, pipeline, and power lines, all of which would facilitate the economic extraction and transportation of coal to market.
American Power Corp. has access to a large and experienced workforce in Great Falls, Montana, and the coal project may provide hundreds, if not thousands, of new, high-paying jobs for the local economy.
To learn more about TGMP visit SmallCapReview.com/.
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