CONSOL Innovations LLC, a subsidiary of Core Natural Resources (NYSE:CNR), has been selected for a multi-million-dollar grant awarded by the U.S. Department of Energy's (DOE) Office of Critical Minerals and Energy Innovation. This award, which is being made under DOE's funding opportunity titled "Mines & Metals Capacity Expansion – Piloting Byproduct Critical Minerals and Materials Recovery at Domestic Industrial Facilities," is contingent on the company's completion of the negotiation process with DOE, and the official amount of the grant award will be known at that time.

The company plans to use the funding, once awarded, to develop a pilot-scale facility for the extraction of rare earth elements and critical materials from coal waste tailings sourced from Core's Pennsylvania Mining Complex.