Land Betterment Corporation Highlights Its Environmental Restoration of Coal Mines in Indiana

Company shows how it has efficiently solved environmental problems from defunct coal mine
Oct 19, 2020 9:15 AM ET
Press Release

FISHERS, Ind., October 19, 2020 /3BL Media/ - Land Betterment Corporation (“Land Betterment” or the “Company”), an environmental solutions company fostering positive impact through upcycling former coal mining and industrial sites to create sustainable community development and job creation, is proud to highlight its environmental restoration of land associated with certain decommissioned thermal coal mining land in southern Indiana.  In its linked presentation, the Company depicts the lifecycle of its efficient environmental solution since assuming control of the defunct Landree Mine. 

Mark Jensen, Executive Chairman of Land Betterment Corporation commented, “We are proud of our environmental solutions we have been able to bring to the Landree Mine and the local community.  This particular site was a neglected, environmental problem when we assumed control of the site.  Like so many other thermal coal mining operations, the Landree Mine lacked the resources and vision to avoid the state of despair it found itself in.  As the United Stated transitions away from coal-based fuels, underfunded, neglected and abandoned mining sites are turning into an accelerated number of environmental problems that are at a high risk of falling to the state and taxpayers.  We believe this issue needs innovation and forward thinking for all stakeholders to solve these problems efficiently, while also considering the community and its lost tax revenue from the mining industry.  Solutions need to be all encompassing.”

The Landree Mine, located in Greene County, Indiana, was once a longstanding provider of thermal coal; a fuel source to generate electricity for regional utilities.  Upon falling on hard times and changes of ownership, the property became overrun with environmental issues due to a lack of capital, lack of innovation, lack of proper protocol and lack of oversight.  Once the Company assumed control of the mining site, it implemented its plan of action to clean up the various environmental problems and bring the site back into compliance.  Its innovative plan allowed them to balance the need for a sound reclamation plan alongside the need to do so in an efficient, environmentally-friendly manner which allowed its team to utilize a fraction of the fuel used in “legacy” methods.  What was once a non-compliant, environmental disaster consisting of a landfill, scrapyard, mountains of waste refuge and non-functioning settlement ponds, is now a streamlined, compliant property that provides options that better fit the community and modern-day economy. 

To view Land Betterment’s detailed corporate presentation on its Indiana Environmental Solutions visit: https://uploads-ssl.webflow.com/5df92851d999cba349de25fd/5f89b95030735b74bcdd7ce7_LBET - Indiana Property Restoration.pdf

About Land Betterment Corporation

Land Betterment Corporation, an Indiana Benefit Corporation and Pending B-Corp, 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 Facebook, Twitter, 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