U.S.-based gas to coal production company JRL Energy Inc. has secured an additional $10 million in an equity financing.
The round, which was backed by the United States Department of Agriculture (USDA), brings total credit funding to $20 million.
With the new capital, JRL Energy intends to continue expanding its operations and existing investment in Harlan and invest directly in the operations of the business.
JRL Energy said that the credit facility was issued to its unit, JRL Underground Inc. and the primary lender is Greater Nevada Credit Union.