Warrior Met Coal (HCC) Expands Credit Line to Fuel Blue Creek Ramp-Up

Warrior Met Coal, Inc. (NYSE:HCC) is one of the best American mining stocks to buy now. The company announced on September 2 that it has amended and extended its revolving credit facility, boosting available commitments by $27 million to a total of $143 million. The new maturity date is set for August 28, 2030, or 91 days before its 2028 senior notes mature, whichever comes first.

This financial move aligns with the company’s preparations for the longwall startup at its Blue Creek growth project, expected to increase annual production by roughly 75%. With $1.22 billion in revenue over the past year, Warrior aims to use the added liquidity to support full-scale operations at Blue Creek.

Described as “transformational,” Blue Creek is central to Warrior Met Coal, Inc.’s (NYSE:HCC) strategy. The Alabama-based firm supplies premium metallurgical coal to steelmakers across Europe, South America, and Asia, leveraging its low-sulfur coking coal from the Blue Creek seam.

While we acknowledge the potential of HCC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: Top 8 Lithium Stocks to Buy Now and 10 Cheap Blue Chip Stocks to Invest in Now.

Disclosure: None. This article is originally published at Insider Monkey.