GILLETTE, Wyo. and HOUSTON, Sept. 01, 2026 (GLOBE NEWSWIRE) — via IBN — Frontieras North America, Inc., the Houston-based energy and technology company commercializing its patented FASForm™ Solid Carbon Fractionation technology, and Western Fuels — comprising Western Fuels-Wyoming, Inc., owner and operator of the Dry Fork Mine, and Western Fuels Association, Inc., a not-for-profit fuel supply cooperative — today announced entry into a Memorandum of Understanding (MOU). Under the MOU, the companies intend to jointly develop a mine-mouth FASForm™ processing facility at the Dry Fork Mine near Gillette, in Campbell County, Wyoming.

The MOU establishes a framework for the parties to negotiate long-term definitive agreements covering a ground lease for a facility site at or adjacent to the Dry Fork Mine; a coal feedstock supply agreement for Wyoming sub-bituminous coal, contemplated at up to approximately 2.7 million tons per year initially and up to approximately 5.4 million tons per year at full build-out; a diesel offtake agreement under which Western Fuels would purchase ultra-low-sulfur diesel (ULSD) produced at the facility for its mining, haul, and member operations; and a logistics arrangement that could engage Western Fuels Association’s rail and transportation capabilities to move FASForm’s™ product streams. The agreements contemplated by the MOU are each expected to carry an initial 30-year term.

Wyoming holds a central place in Frontieras’ long-term strategy. As the nation’s largest coal-producing state, it is the anchor for the company’s plan to scale FASForm™ technology across the West — both through standalone mine-mouth facilities and through FASGEN™, Frontieras’ co-location platform that integrates FASForm™ units directly into existing coal-fired power plants. The Dry Fork Mine sits within the Gillette mine-mouth generation cluster, where more than 1,200 megawatts of coal-fired capacity operate within a few miles of the resource. A facility at Dry Fork Mine would place Frontieras at the logistical center of one of the densest coal-power corridors in the country, positioning the company to extend its co-location strategy to the coal-fired utilities that power the region — and a fast-growing share of the nation’s data-center and industrial demand.

“This remarkable first step is the beginning of a journey we believe can be a lasting and extraordinarily beneficial relationship. Frontieras shares our conviction that coal has a real and lasting future, and its FASForm™ technology gives us a way to transform Dry Fork Mine production into fuels and products our members and the market genuinely needs. We are proud to take this first step together, and we are looking ahead to determine opportunities that expand this relationship across the full Western Fuels cooperative — broadly serving our member utilities and their communities while fulfilling our mission. Working alongside an entity as committed to American energy as Frontieras, we think the opportunities in front of us are substantial.” — Adam Anderson, Chief Executive Officer, Western Fuels

“We could not ask for a better partner in the West than Western Fuels, and we are excited to begin building this relationship together. Wyoming produces more coal than any other state, which makes it the natural place to prove this resource can be commercialized — not just mined. A mine-mouth site at the Dry Fork Mine puts a FASForm™ facility directly on top of that feedstock — no rail, no barge, no distance between the coal and the finished fuels and products we make from it. Those are the economics that make commercialization work at scale and pairing them with Western Fuels’ operational strength is exactly how we intend to grow this platform across the West.” — Andrea Moran, Chief Commercial Officer, Frontieras North America

FASForm™ does not burn coal. It disassembles coal in a reducing atmosphere through a continuous, closed-loop, zero-waste process, separating it into clean solid carbon (FASCarbon™), ultra-low-sulfur diesel, naphtha, and other high-value products. Under the MOU, FASCarbon™ produced at a Wyoming facility could be railed to WFA’s member utilities under separate commercial terms or transacted into international markets, making WFA and Frontieras a new global supplier.

“This relationship with Western Fuels is a tremendous next step for Frontieras North America. Our mission to broadly deploy across North America and the state of Wyoming allows us to unlock the true value of its great coal reserves. Western Fuels is an extraordinary organization with great leadership built upon delivering value and serving. We are a values fit and look forward to the opportunities ahead.” — Matthew McKean, Chief Executive Officer, Frontieras North America

ABOUT FRONTIERAS NORTH AMERICA

Frontieras North America is an energy and environmental technology company redefining the entire global sector of coal utilization. Through its patented FASForm™ Solid Carbon Fractionation technology, Frontieras converts coal and other hydrocarbons into clean fuels, fertilizers, and industrial chemicals through a zero-waste process. Headquartered in Houston, Texas, the company is constructing its first commercial-scale facility in Mason County, West Virginia. Frontieras holds an international patent portfolio spanning five continents. For more information, visit frontieras.com.

ABOUT WESTERN FUELS

WFA is a comprehensive and cost-effective fuel chain management organization, strengthened by collective advocacy.  In addition to being a world-class producer and mining operation, WFA is a group of unparalleled logistics experts serving our membership through fuel purchases, rail car management, contract negotiations, and logistics endeavors to ensure that each member’s fuel is delivered where and when it is needed. WFA stands ready to become and transform an organization’s entire fuel and transportation department, manage any size rail fleet, or step in to provide only the services that are needed — putting economies of scale to work in all organizations, regardless of size. For more information, visit westernfuels.org.

This press release contains forward-looking statements, including statements regarding the Company’s business strategy, the commercialization of its FASForm™ technology, the development of its facility in Mason County, West Virginia, and its future growth and governance plans. These statements are based on current expectations and assumptions that are subject to risks and uncertainties, and actual results could differ materially from those expressed or implied. Factors that could cause actual results to differ include, among others, the Company’s ability to successfully commercialize its technology, obtain necessary financing and regulatory approvals, attract and retain key personnel, and manage risks associated with a development-stage enterprise. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by law.

Reservation of a ticker symbol is not a guarantee of listing on any securities exchange. Listing is subject to regulatory approval and other requirements.

Corporate Communications:

Nora Shepard, VP of Communications

communication@frontieras.com

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