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Land Betterment Corporation Forms Railcar and Metal Recycling Service Partnership

Betterment Metal division is able to clean up the environment by entering into a partnership to recycle retired coal railcars and old coal mine infrastructure

Published 04-20-20

Submitted by Land Betterment Corporation

 

Land Betterment Corporation news

Land Betterment Corporation (“Land Betterment” or the “Company”), an environmental solutions company fostering positive impact through upcycling former coal mining sites to create sustainable community development and job creation, announced today it has entered into a multiyear agreement with a third party scrap metal company. Under the terms of the partnership agreement, Land Betterment will allocate certain areas of its Jasonville, Indiana property to receive, store, and process retired coal railcars to be recycled and reused for alternative, modern purposes.  Additionally, the third party will have the ability to assist Land Betterment expedite the reclamation of the old Gold Star coal mine (formerly known as the Landree Mine) through processing metal infrastructure, once used at the mine, to be recycled and to further accelerate the Company’s sustainable community development project slated to be built on this site.

Land Betterment is in the process of a major environmental remediation and repurposing project at the former Landree Mine, which was purchased through an asset purchase in August, 2019 from an insolvent hedge fund.  Land Betterment is now undertaking the full environmental cleanup of the old coal mining site and upcycling the land into the Company’s COAL Craft Spirits and Gold Star Farms business lines; a modern concept, organic, farm-to-bottle, craft spirits distillery and destination for the local community and visitors.

Kirk Taylor, Land Betterment’s President commented, “We are extremely excited to partner on this unique project at the old Landree Mine site to not only upcycle the property but also recycle coal railcars that are wasting away in various parts of the United States.  This partnership allows us to isolate an area on this property that can be utilized alongside our business development efforts.  This project is a great example of our complete solution-based program, and this metal recycling partnership is an important milestone.  Communities that have been negatively affected from the downturn in thermal coal, as the US increasingly shifts away from fossil fuels, are in need of some revitalization and real solutions.  Our Land Betterment platform not only cleans up the environment but it also revitalizes communities through commercial development and job creation.  We are confident that this project will be a gamer changer for the area, especially with the growing support of the local and regional community.

About Land Betterment Corporation

Land Betterment Corporation, an Indiana Benefit Corporation, is an environmental solutions company focused on fostering a positive impact through upcycling former coal mining sites to create sustainable community development and job creation.  The Company utilizes a complete solution-based lifecycle program to restore and rehabilitate the environment and revitalize communities in need of change and opportunity. Land Betterment accomplishes this by identifying un-reclaimed, run-down and neglected coal mining sites, fixing the environment through reclamation and remediation, and then repurposing the land to support a sustainable business that serves the community.  Land Betterment firmly believes that with real solutions it is possible for restoration of impacted areas to live side-by-side long term employment, while building sustainable and safe surroundings for communities and our planet.  For more information visit landbetterment.com or connect with the Company on FacebookTwitter, and LinkedIn.

Special Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company’s actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements.  These statements are subject to a number of risks and uncertainties, many of which are beyond Land Betterment Corporation’s control.  The words “believes”, “may”, “will”, “should”, “would”, “could”, “continue”, “seeks”, “anticipates”, “plans”, “expects”, “intends”, “estimates”, or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.  Any forward-looking statements included in this press release are made only as of the date of this release.  The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances.  The Company cannot assure you that the projected results or events will be achieved.

Company Contact:
Mark LaVerghetta
317.537.0492 ext. 0
Chief Governance Officer, Corporate Finance
info@landbetterment.com

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Land Betterment Corporation

Land Betterment Corporation

Land Betterment Corporation, an Indiana Benefit Corporation, is an environmental solutions company focused on fostering a positive impact through upcycling former coal mining sites to create sustainable community development and job creation. The Company utilizes a complete solution-based lifecycle program to restore and rehabilitate the environment and revitalize communities in need of change and opportunity. Land Betterment accomplishes this by identifying un-reclaimed, run-down and neglected coal mining sites, fixing the environment through reclamation and remediation, and then repurposing the land to support a sustainable business that serves the community. Land Betterment firmly believes that with real solutions it is possible for restoration of impacted areas to live side-by-side long term employment, while building sustainable and safe surroundings for communities and our planet. 

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