Readiness Score Disclaimer

  • A readiness score of 100 / 100 does not mean financing is guaranteed. It means all required documents have been submitted for lender review.
  • Actual financing requires independent lender / investor diligence, executed legal documents, and arm's-length negotiation.
  • Score values are weighted estimates — not a regulatory or legal certification.
← Pate-Coal-001/Readiness Checklist

PATE-COAL-001 — Document Readiness

Readiness Checklist

22 required documents across 4 categories. 6 submitted from uploaded PDF evidence. 16 pending.

40/ 100Current Score

Score by Category

Technical / Engineering40 / 40 pts
Title / Legal0 / 25 pts
Permitting / Environmental0 / 20 pts
Commercial / Lender0 / 15 pts

Financing-Ready Gate — 8 Hard-Block Documents

The following documents must be submitted and verified before this asset can be marked FINANCING_READY. Any missing item hard-blocks all major financing routes.

✗Current Deed
✗Mineral Rights Deed
✗Chain of Title
✗Lien / Mortgage Search
✗Attorney Title Opinion
✗Current Permit Status Report
✗Legal Opinion — Structure
✗Updated Qualified-Person Mining Report

Currently: 0 / 8 gate documents satisfied. Status: NOT FINANCING-READY.

Technical / Engineering

6 / 6 submitted
SUBMITTED

Engineering Appraisal (2020)

James T. Weiss, PE appraisal — $8,378,310,000 in-place value

+12 pts
SUBMITTED

2024 Valuation Update Letter

Conservatively maintains 2020 valuation

+5 pts
SUBMITTED

Appendix — Legal Description

~3,790-acre prospect legal description

+4 pts
SUBMITTED

Estimated Coal Reserve Tables

Rex seam, underground, and per-seam reserve figures

+9 pts
SUBMITTED

Coal Analysis

Coal quality analysis supporting the appraisal

+6 pts
SUBMITTED

General Geology Appendix

Morgan County geology, seam maps, structural notes

+4 pts

Title / Legal

0 / 7 submitted
MISSING

Current Deed

hard-block

Current recorded deed for surface / mineral rights

+5 pts
MISSING

Mineral Rights Deed

hard-block

Severance document confirming coal/mineral ownership

+7 pts
MISSING

Chain of Title

hard-block

Full chain from original grant to current holder

+5 pts
MISSING

Tax Parcel Records

Morgan County parcel IDs and current tax status

+2 pts
MISSING

Lien / Mortgage Search

hard-block

Confirms no prior liens or encumbrances on mineral rights

+3 pts
MISSING

UCC Search

Confirms no prior security interests against mineral rights

+2 pts
MISSING

Attorney Title Opinion

hard-block

TN / mineral-rights attorney opinion on clear marketable title

+1 pts

Permitting / Environmental

0 / 4 submitted
MISSING

Current Permit Status Report

hard-block

TDEC surface/underground mining permit status and required path

+7 pts
MISSING

Environmental Review

SMCRA, water impact, wetlands, streams, violations review

+7 pts
MISSING

Reclamation Bond Estimate

Tennessee reclamation/bonding requirement estimate

+3 pts
MISSING

Insurance / Liability Estimate

Public liability and surety bond estimate for TN mining permits

+3 pts

Commercial / Lender

0 / 5 submitted
MISSING

Legal Opinion — Structure

hard-block

Transaction counsel opinion on pledge, SPV, and compliance

+4 pts
MISSING

Updated Qualified-Person Mining Report

hard-block

Updated QP/engineer report — recoverable tonnage, mine plan, CAPEX/OPEX

+5 pts
MISSING

Mining Operator LOI

optional

LOI from operator interested in reviewing / operating the prospect

+2 pts
MISSING

Coal Buyer / Offtake LOI

optional

LOI from coal buyer or offtake broker for future production

+2 pts
MISSING

Lender / Investor Term Sheet

optional

Executed or draft term sheet from lender, JV, or streaming financier

+2 pts
← Asset OverviewFunding Routes →Documents & Evidence →

Safety Statement

No live IOU issuance, stablecoin issuance, custody, exchange, mining operation, permitting claim, Aave execution, token buyback, liquidity pool execution, or public investment functionality was enabled by this module. All readiness scores are simulation-only.