Warrior Met Coal secures two federal coal leases with ~53M short tons recoverable reserves

WARRIOR MET COAL, INC.

Mine No. 1 Lease (8,346 acres, ~36.3M short tons) won with ~$32M bid; first of five annual payments ~$6.4M made.
Mine No. 4 Lease (5,704 acres, ~16.9M short tons) won with ~$15M bid; first of five annual payments ~$3M made.
Each lease has a 20-year minimum term, 7% production royalty, and annual rental payments to BLM.
DOI issued mining plan approvals on January 13, 2026, authorizing development on portions of both leases.

item 1.01 item 2.03

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