Lighthouse Resources gets approval to sell Wyoming, Washington assets

By Sarah Lizee

Olympia, Wash., March 8 – Lighthouse Resources Inc. obtained court approval of the sale of its Wyoming and Washington real property assets, according to an order filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

For the Wyoming property, Black Gold Land Co., LLC agreed to purchase the first and second lots for a total of $7.4 million; two individuals agreed to purchase the third lot for $800,000; Bernard Investment Group, LLC agreed to purchase the fourth lot for $230,000; and two other individuals agreed to purchase the fifth lot for $65,000.

Horseshoe Ranch, LLC is back-up bidder for the Wyoming lots, with a total back-up bid of $8.28 million.

For the Washington property, Northwest Alloys, Inc. agreed to purchase the Columbia real property assets for $1.45 million and the Port of Longview has agreed to purchase the Barlow Point real property assets for $255,000.

Lighthouse Resources is a South Jordan, Utah, owner and operator of thermal coal mines. The company filed bankruptcy on Dec. 3 under Chapter 11 case number 20-13056.

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