Relay is confident that the models that have worked for it so far it says it earns a net positive cashflow per transaction, though the company is not yet profitable will continue to work in Washington and Baltimore, where the new funding will help build scale, as well as help the company expand its presence on mobile.
Westmoreland said the mine fits well with its existing mine mouth operations, and it anticipates the transaction will be cashflow positive immediately upon closing, which is expected to be by January 31.