Aion Mining

What Aion Mining does

Aion Mining Corp. is a Canadian-domiciled, single-project coal developer that holds an option agreement on the 548-hectare La Estrella Coal Project in the Santander region of Colombia. The project is estimated to contain over 18 million tons of coking (metallurgical) and thermal coal reserves across eight identified seams, with premium specifications validated by SGS Labs Colombia (calorific value up to 13,846 BTU/lb, sulphur as low as 0.82%, Free Swelling Index up to 8). The company is fully permitted under a 45+ year mining concession, with an approved mining plan for up to 180,000 tons per year and environmental approval in place. Underground ramp development has encountered two additional coal seams during work, reinforcing geological confidence.

The business model is a direct B2B extraction-and-sale operation targeting enterprise buyers in the metallurgical and thermal coal segments — specifically steel manufacturers requiring coking coal and power plants requiring thermal coal. The company has secured Letters of Intent (LOIs) with top coal buyers covering 100% of planned production, indicating pre-sales arrangements rather than spot-market distribution. No publicly disclosed pricing or revenue figures exist, and the company is not yet producing commercially. Aion operates as an 80%-owned subsidiary of Forge Resources Corp. (CSE: FRG), a publicly listed Canadian junior exploration company, with corporate headquarters in Canada and a staffed Colombian operating team led by an in-country Country Manager with prior FENALCARBON board experience. The company is pre-revenue, with 1–10 employees, and its investment thesis is centered on converting the permitted reserve base into first production and converting LOIs into binding offtake contracts.

Name

Aion Mining

Legal name

Aion Mining Corp.

Website

https://aionmining.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Aion Mining Corp. is a Canadian-domiciled junior mining company developing the fully permitted La Estrella coal project in Santander, Colombia, targeting metallurgical and thermal coal buyers under pre-secured LOIs covering 100% of planned 180,000 tons/year production.

Ownership category

akta.pro rank

Product category

Coal Mining

NAICS

Coal Mining (2121), Coal Mining (21211)

SIC

Bituminous Coal & Lignite Mining (1220)

akta.pro primary industry

Coal Extraction Operations (Surface & Underground) (IMAKAIAG)

akta.pro secondary industries

Metallurgical Coal Mining (Coking/PCI Coal) (IMAKAIAB), Thermal Coal Mining (Steam Coal) (IMAKAIAA), Anthracite Mining (IMAKAIAC), Coalbed Methane & Coal Mine Methane (Degasification, Capture) (IMAKAIAL)

Keywords

• Coal mining operations
• Metallurgical coal
• Thermal coal
• Underground mining
• Mining concession

Headquarters

HQ city

Richmond

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Coal Extraction and Sale: Primary revenue from extraction and sale of coking (metallurgical) and thermal coal. Production capacity approved at 180,000 tons per year from the fully permitted La Estrella project in Santander, Colombia. Premium coal specifications support dual-market appeal in metallurgical and thermal segments.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Aion Mining Corp. develops and extracts coking (metallurgical) and thermal coal from the La Estrella Coal Project, a fully permitted 548-hectare concession in Santander, Colombia with estimated reserves of over 18 million tons. The company sells its coal production under Letters of Intent to top enterprise coal buyers serving the steel manufacturing and power generation segments. Approved mining plan supports production of up to 180,000 tons per year under a 45+ year concession.

Product overview

Aion Mining Corp. operates as a single-project mining company focused on the La Estrella Coal Project in Santander, Colombia. The company holds an option agreement on a 548-hectare mining concession with estimated reserves of over 18 million tons of coking and thermal coal. The project is fully permitted with a 45+ year concession, approved mining plan for 180,000 tons/year production, and has secured letters of intent from top coal buyers for 100% of production.

Differentiator

Problem solved

Functional benefit

Products and services

• La Estrella Coal Project A fully permitted coal mining project in Santander, Colombia, developing metallurgical and thermal coal reserves through underground ramp development. The concession covers 548 hectares with estimated reserves exceeding 18 million tons of coking and thermal coal, approved for production of up to 180,000 tons per year over a 45+ year concession. The project targets enterprise steel manufacturers and power generation buyers through Letters of Intent covering 100% of planned production.

Quantifiable outcome

• 18 million tons of coking and thermal coal reserves estimated at La Estrella project
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators10 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Benjamin Hill Mining Corp. CSE-listed junior (CSE: BNN) led by Aion's President Cole McClay. Both companies are CSE-listed micro-cap juniors sharing overlapping management, similar cap structures, and investor-base profiles relevant for benchmarking valuation multiples.
• Westkam Gold Corp. TSXV-listed junior (TSXV: WKG) where Aion CEO Peter Laipnieks serves as CEO. Another shared-management CSE/TSXV junior useful as a valuation reference for tiny-cap resource companies operating under similar governance constraints.
• Forge Resources Corp. CSE-listed parent (CSE: FRG) holding 80% of Aion Mining. Forge runs a dual-asset strategy pairing Colombian coal exposure via Aion with Yukon gold-copper exploration, making it the closest direct comparable for capital structure, listing status, and Colombian coal project economics.

Broad incumbents

• Coronado Global Resources: ASX-listed metallurgical coal producer with operations in the U.S., Australia, and Venezuela. Useful for benchmarking coking-coal pricing dynamics, premium-coal customer relationships, and metallurgical-coal margin profiles relevant to Aion's premium coal specs.
• Drummond Company Inc. One of the largest private coal producers in Colombia with extensive thermal and coking coal operations in Cesar and La Guajira. Comparable as a benchmark for Colombian coal operating costs, infrastructure access, and community-relations practices relevant to Aion's Santander project.
• Prodeco (Glencore): Glencore's Colombian coal unit operating thermal coal mines in Cesar. Directly comparable as a Colombian coal operator at scale and a useful reference for mine-gate economics, rail/port logistics, and ESG-related operational risk in Colombia.
• Warrior Met Coal: NYSE-listed pure-play metallurgical coal producer focused on premium U.S. coking coal for global steel markets. Comparable as a publicly traded proxy for metallurgical-coal pricing, cost-per-ton benchmarks, and investor sentiment toward pure coking-coal plays.
• Cerrejón: World's largest open-pit thermal coal export mine in La Guajira, Colombia, operated as a JV among BHP, Glencore, and Anglo American. Comparable for Colombian coal logistics, port access (Puerto Bolívar), and regulatory benchmarking.

Emerging players

• Tarachi Gold Corp. CSE-listed junior (CSE: TRG) where Aion President Cole McClay is a director. Comparable as another CSE-listed micro-cap junior sharing the same governance dynamics, although focused on gold rather than coal — useful for junior-mining valuation calibration only.
• Indigo Exploration Inc. Junior explorer where Aion Special Advisor Lorne Warner serves as a director. Comparable for CSE/TSXV-listed micro-cap exploration governance, although focused on gold in West Africa rather than coal — used only for structural valuation benchmarking.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/aion-mining-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aion Mining