Radar Acquisitions Corp. is a diversified natural resources company. The Company has two major projects under development: the Buick Coal Project, which holds significant coal resources in the State of Colorado in the United States of America, and RPS Fuels joint venture, which develops engineered solid fuel products. The Company is in the process of exploring its mineral properties, and has not yet determined whether the properties contain economically recoverable reserves. The Company entered a Joint Venture agreement with New Energy USA LLC (New Energy) on August 23, 2007, to develop engineered solid fuel products using a combination of coal slurry pond waste and bio mass. Under the terms of the agreement, the Company has a 50% interest in the Joint Venture entity, RPS Fuels LLC (RPS) to develop, market and pursue the business of developing projects.
(Source: ARS)
