Core Natural Resources, Inc.

Previous report

The U.S. Government shutdown could delay our ability to resume operations at the Leer South mine, which could have a material adverse impact on our results of operations, financial condition and cash flows.

Previous report

The Company has continued to work closely with federal and state officials on a plan to recover and reposition the longwall equipment at the Leer South mine and is currently waiting on approval of the plan by the federal Mine Safety and Health Administration. Due to the U.S. Government shutdown, approval by the Mine Safety and Health Administration has been delayed, and the timing of such approval is unclear. Our inability to resume operations at the Leer South mine as we anticipated could have a material adverse impact on our results of operations, financial condition and cash flows.

Previous report

New or existing tariffs and other trade measures could adversely affect our business, results of operations, financial condition and cash flows.

Previous report

New or existing tariffs and other trade measures could adversely affect our business, results of operations, financial condition and cash flows, either directly or indirectly through various adverse impacts on our significant customers. During the last several years, the U.S. Government imposed tariffs on steel and aluminum and a broad range of other products imported into the U.S. In response to the tariffs imposed by the U.S., the European Union, Canada, Mexico and China have announced tariffs on U.S. goods and services. These actions are unprecedented and have caused substantial uncertainty and volatility in financial markets. These tariffs, along with any additional tariffs or trade restrictions that may be implemented by the U.S. or retaliatory trade measures or tariffs implemented by other countries, could result in reduced economic activity, increased costs in operating our business, reduced demand and changes in purchasing behaviors for thermal and metallurgical coal, limits on trade with the U.S. or other potentially adverse economic outcomes. Changes in tariffs and trade restrictions can be announced with little or no advance notice. The adoption and expansion of tariffs or other trade restrictions, increasing trade tensions, or other changes in governmental policies related to taxes, tariffs, trade agreements or policies, are difficult to predict, which makes attendant risks difficult to anticipate and mitigate. If we are unable to navigate further changes in U.S. or international trade policy, it could have a material adverse impact on our business and results of operations. Additionally, we sell coal into the export thermal market and the export metallurgical market. Accordingly, our international sales may also be impacted by the tariffs and other restrictions on trade between the U.S. and other countries. We cannot predict further developments, and such existing or future tariffs could have a material adverse effect on our business, results of operations, financial condition and cash flows.