Ramaco Resources Inc (METC)

Ramaco Resources to Participate in StoneX Fourth Annual Natural Resources SummitJune 9, 2026 5:11 PM
PR Newswire (US) LEXINGTON, Ky., June 9, 2026 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB) ("Ramaco" or the "Company") today announced that Jeremy Sussman, Chief Financial Officer of Ramaco, will participate as a panel speaker at the StoneX Fourth Annual Natural Resources Summit, taking place June 9–10, 2026, at the New York Athletic Club in New York City.Mr. Sussman will participate in a panel discussion focused on the economic sentiment gauge for the steel and metallurgical coal markets. The discussion is expected to address current market conditions, demand trends, global trade dynamics and key factors impacting the outlook for steelmaking raw materials.ABOUT RAMACO RESOURCESRamaco Resources, Inc. is an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia, and southwestern Virginia and exploring a coal, rare earth and other critical minerals project in Wyoming. The Company's executive offices are located in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. The Company currently has four active metallurgical coal mining complexes in Central Appalachia and one coal mine and rare earth element and other critical mineral exploration stage property near Sheridan, Wyoming (the "Brook Mine"). The Brook Mine remains an exploration stage property, and no assurance can be given that it will be successfully developed into a commercial scale mine or that any inferred mineral resources estimated will be converted into higher confidence mineral resources or eventually mineral reserves. Contiguous to the Brook Mine, the Company operates a carbon research facility related to the potential production of advanced carbon products and materials from coal. In connection with these activities, it holds a body of more than 70 intellectual property patents, pending applications, exclusive licensing agreements and various trademarks.News and additional information about Ramaco Resources, including filings with the Securities and Exchange Commission, are available at https://www.ramacoresources.com. For more information, contact investor relations at (859) 244-7455.CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTSCertain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Ramaco Resources' expectations or beliefs concerning guidance, future events, anticipated revenue, future demand and production levels, macroeconomic trends, the development of ongoing projects, costs and expectations regarding operating results, and it is possible that the results described in this news release will not be achieved.These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Ramaco Resources' control, which could cause actual results to differ materially from the results discussed in the forward-looking statements.These factors include, without limitation, unexpected delays in our current mine development activities, the ability to successfully increase production at our existing met coal complexes in accordance with the Company's growth initiatives, failure of our sales commitment counterparties to perform, increased government regulation of coal in the United States or internationally, the impact of tariffs imposed by the United States and foreign governments, the further decline of demand for coal in export markets and underperformance of the railroads, the Company's ability to successfully develop the Brook Mine REE/CM project, including whether the Company's exploration target and estimates for such mine are realized, the timing of the initial production of rare earth concentrates, the development of a pilot and ultimately a full scale commercial processing facility. Mineral resources are not mineral reserves and do not meet the threshold for reserve modifying factors, such as estimated economic viability, that would allow for conversion to mineral reserves. There is no certainty that any part of the estimated mineral resources at Brook Mine will be converted into mineral reserves in the future. Rare earth and critical minerals is a new initiative for us and, as such, has required and will continue to require us to make significant investments to build out our rare earth capabilities. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Ramaco Resources does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Ramaco Resources to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements found in Ramaco Resources' filings with the Securities and Exchange Commission ("SEC"), including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The risk factors and other factors noted in Ramaco Resources' SEC filings could cause its actual results to differ materially from those contained in any forward-looking statement.POINT OF CONTACTGeorge Cpin
VP, Finance & Investor Relations
info @anajatwo-7455 View original content:https://www.prnewswire.com/news-releases/ramaco-resources-to-participate-in-stonex-fourth-annual-natural-resources-summit-302795819.htmlSOURCE Ramaco Resources, Inc. Original: Ramaco Resources to Participate in StoneX Fourth Annual Natural Resources Summit

Ramaco Resources CEO Randall W. Atkins Appears on CNBC's Morning Call to Discuss Critical Minerals and Energy Market TrendsMay 29, 2026 11:07 AM
PR Newswire (US) LEXINGTON, Ky., May 29, 2026 /PRNewswire/ -- Ramaco Resources, (NASDAQ: METC, METCB) ("Ramaco") announced today that its Chairman and Chief Executive Officer, Randall W. Atkins, appeared on CNBC's Morning Call to discuss the Company's coal and critical minerals platform in Central Appalachia and Wyoming, and the impact on global coal markets amid energy market disruptions tied to the ongoing conflict in Iran.During the interview, Randall W. Atkins highlighted Ramaco's development of its exploratory Brook Mine project in Sheridan, Wyoming. The project is positioned to contribute to domestic supply chains for materials essential to advanced technologies, energy systems, and national security applications.Mr. Atkins noted that the Company raised nearly $1 billion over the past year, positioning Ramaco to invest in and execute on the Brook Mine project and advance its broader critical minerals strategy.Mr. Atkins also addressed the impact of geopolitical instability on global energy markets stemming from the war in Iran and the recent increase in coal pricing across international markets. Atkins emphasized that approximately two-thirds of the Company's metallurgical coal production is exported to international markets, underscoring Ramaco's exposure to global pricing dynamics.Ramaco is uniquely positioned as both a leading producer of high-quality, low-cost metallurgical coal in Central Appalachia—serving global steel markets—and as an emerging developer of a rare earths and critical minerals platform in Wyoming. This dual-platform strategy enables the Company to balance near-term cash flow from its current metallurgical coal operations with potential long-term growth tied to critical materials development.About Ramaco ResourcesRamaco Resources, Inc. is an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia, and southwestern Virginia and exploring a coal, rare earth and other critical minerals project in Wyoming. The Company's executive offices are located in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. The Company currently has four active metallurgical coal mining complexes in Central Appalachia and one coal mine and rare earth element and other critical mineral exploration stage property near Sheridan, Wyoming (the "Brook Mine"). The Brook Mine remains an exploration stage property, and no assurance can be given that it will be successfully developed into a commercial scale mine or that any inferred mineral resources estimated will be converted into higher confidence mineral resources or eventually mineral reserves. Contiguous to the Brook Mine, the Company operates a carbon research facility related to the potential production of advanced carbon products and materials from coal. In connection with these activities, it holds a body of more than 70 intellectual property patents, pending applications, exclusive licensing agreements and various trademarks. News and additional information about Ramaco Resources, including filings with the Securities and Exchange Commission, are available at https://www.ramacoresources.com. For more information, contact investor relations at (859) 244-7455.CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTSCertain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements related to future production volumes and sales, anticipated capital expenditures, expected demand for metallurgical coal, the development and commercialization of the Brook Mine rare earth and critical mineral project, projected operating costs and margins, and the Company's financial guidance and outlook. These forward-looking statements represent Ramaco Resources' expectations or beliefs concerning guidance, future events, anticipated revenue, future demand and production levels, macroeconomic trends, the development of ongoing projects, costs and expectations regarding operating results, and it is possible that the results described in this news release will not be achieved.These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Ramaco Resources' control, which could cause actual results to differ materially from the results discussed in the forward-looking statements.These factors include, without limitation, unexpected delays in our current mine development activities, the ability to successfully increase production at our existing met coal complexes in accordance with the Company's growth initiatives, failure of our sales commitment counterparties to perform, increased government regulation of coal in the United States or internationally, the impact of tariffs imposed by the United States and foreign governments, the further decline of demand for coal in export markets and underperformance of the railroads, the Company's ability to successfully develop the exploratory Brook Mine rare earth and critical mineral project, including whether the Company's exploration target and estimates for such mine are realized, the timing of the initial production of rare earth concentrates, the development of a pilot and ultimately a full scale commercial processing facility. Mineral resources are not mineral reserves and do not meet the threshold for reserve modifying factors, such as estimated economic viability, that would allow for conversion to mineral reserves. There is no certainty that any part of the inferred mineral resources estimated at Brook Mine will be converted into higher confidence mineral resources and eventually mineral reserves in the future. Rare earth and critical minerals are a new initiative for us and, as such, has required and will continue to require us to make significant investments to build out our rare earth and other critical mineral capabilities.Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Ramaco Resources does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Ramaco Resources to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements found in Ramaco Resources' filings with the Securities and Exchange Commission ("SEC"), including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The risk factors and other factors noted in Ramaco Resources' SEC filings could cause its actual results to differ materially from those contained in any forward-looking statement. View original content:https://www.prnewswire.com/news-releases/ramaco-resources-ceo-randall-w-atkins-appears-on-cnbcs-morning-call-to-discuss-critical-minerals-and-energy-market-trends-302785832.htmlSOURCE Ramaco Resources, Inc. Original: Ramaco Resources CEO Randall W. Atkins Appears on CNBC's Morning Call to Discuss Critical Minerals and Energy Market Trends

Ramaco Resources, Inc. Announces the Entry into a Non-Binding Memorandum of Understanding with REalloys, Inc.May 28, 2026 4:15 PM
PR Newswire (US) LEXINGTON, Ky., May 28, 2026 /PRNewswire/ -- Ramaco Resources, (NASDAQ: METC, METCB) ("Ramaco") announces that it has entered into a non-binding memorandum of understanding with REalloys Inc. (NASDAQ: ALOY), an Ohio-based rare earth company, to establish a strategic relationship to complete due diligence and finalize an offtake agreement aimed at bolstering America's domestic rare earth and permanent magnet supply chain.The MOU contemplates that Ramaco would provide REalloys with a supply of Mixed Rare Earth Carbonate (MREC) from Ramaco's exploratory rare earth and critical minerals project in Wyoming. REalloys would then perform separation of the Ramaco feedstock into various rare earth oxides at its Saskatchewan Research Council (SRC) facility. The MOU also contemplates that Ramaco would supply its own separated scandium oxide from its Brook Mine critical mineral refinery for alloy metallization at REalloys' Euclid, Ohio facility."Ramaco is proud to pursue a future partnership with REalloys to supply domestically sourced mixed rare earth carbonates and scandium oxide that could underpin a resilient, ex-China permanent magnet supply chain," said Randall Atkins, Chairman and CEO of Ramaco Resources. "We are progressing to position the Brook Mine to potentially deliver both reliable MREC feedstock tailored to REalloys' SRC separation facilities as well as our own scandium oxide for REalloys' metallization process."About Ramaco ResourcesRamaco Resources, Inc. is an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia, and southwestern Virginia and exploring a coal, rare earth and other critical minerals project in Wyoming. The Company's executive offices are located in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. The Company currently has four active metallurgical coal mining complexes in Central Appalachia and one coal mine and rare earth element and other critical mineral exploration stage property near Sheridan, Wyoming (the "Brook Mine"). The Brook Mine remains an exploration stage property, and no assurance can be given that it will be successfully developed into a commercial scale mine or that any inferred mineral resources estimated will be converted into higher confidence mineral resources or eventually mineral reserves. Contiguous to the Brook Mine, the Company operates a carbon research facility related to the potential production of advanced carbon products and materials from coal. In connection with these activities, it holds a body of more than 70 intellectual property patents, pending applications, exclusive licensing agreements and various trademarks. News and additional information about Ramaco Resources, including filings with the Securities and Exchange Commission, are available at https://www.ramacoresources.com. For more information, contact investor relations at (859) 244-7455.Contact:Jason Fannin, Ramaco Resources
Jason.Fannin@ramacoresources.comCAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTSCertain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements related to future production volumes and sales, anticipated capital expenditures, expected demand for metallurgical coal, the development and commercialization of the Brook Mine rare earth and critical mineral project, projected operating costs and margins, and the Company's financial guidance and outlook. These forward-looking statements represent Ramaco Resources' expectations or beliefs concerning guidance, future events, anticipated revenue, future demand and production levels, macroeconomic trends, the development of ongoing projects, costs and expectations regarding operating results, and it is possible that the results described in this news release will not be achieved.These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Ramaco Resources' control, which could cause actual results to differ materially from the results discussed in the forward-looking statements.These factors include, without limitation, unexpected delays in our current mine development activities, the ability to successfully increase production at our existing met coal complexes in accordance with the Company's growth initiatives, failure of our sales commitment counterparties to perform, increased government regulation of coal in the United States or internationally, the impact of tariffs imposed by the United States and foreign governments, the further decline of demand for coal in export markets and underperformance of the railroads, the Company's ability to successfully develop the exploratory Brook Mine rare earth and critical mineral project, including whether the Company's exploration target and estimates for such mine are realized, the timing of the initial production of rare earth concentrates, the development of a pilot and ultimately a full scale commercial processing facility. Mineral resources are not mineral reserves and do not meet the threshold for reserve modifying factors, such as estimated economic viability, that would allow for conversion to mineral reserves. There is no certainty that any part of the inferred mineral resources estimated at Brook Mine will be converted into higher confidence mineral resources and eventually mineral reserves in the future. Rare earth and critical minerals are a new initiative for us and, as such, has required and will continue to require us to make significant investments to build out our rare earth and other critical mineral capabilities.Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Ramaco Resources does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Ramaco Resources to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements found in Ramaco Resources' filings with the Securities and Exchange Commission ("SEC"), including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The risk factors and other factors noted in Ramaco Resources' SEC filings could cause its actual results to differ materially from those contained in any forward-looking statement. View original content:https://www.prnewswire.com/news-releases/ramaco-resources-inc-announces-the-entry-into-a-non-binding-memorandum-of-understanding-with-realloys-inc-302784914.htmlSOURCE Ramaco Resources, Inc. Original: Ramaco Resources, Inc. Announces the Entry into a Non-Binding Memorandum of Understanding with REalloys, Inc.

RAMACO RESOURCES REPORTS FIRST QUARTER 2026 RESULTSMay 11, 2026 4:05 PM
PR Newswire (US) LEXINGTON, KY., May 11, 2026 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, "Ramaco" or the "Company") is a leading operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and is transitioning to develop an exploratory rare earth and critical minerals project in Wyoming. Today it reported financial results for the three months ended March 31, 2026 (the "Results").FIRST QUARTER 2026 HIGHLIGHTSThe Company had a quarterly net loss of $(18.3) million and Class A diluted EPS of $(0.30).The Company had quarterly Adjusted EBITDA of $(1.8) million defined as adjusted earnings before interest, taxes, depreciation, amortization, equity-based compensation, and, when applicable, certain other non-operating and expense items that are non-recurring and not related to the underlying business performance, a non-GAAP measure ("Adjusted EBITDA"). See "Reconciliation of Non-GAAP Measures" below.During the first quarter and through the close of business on May 8, 2026, the Company has purchased $37 million or 2.5 million shares of Class A common shares in the open market at an average price of $14.54 per share. Overall, these repurchases represent almost 5% of the Class A common shares. At current price levels, we believe share repurchases represent a prudent use of our capital.The first quarter reflected liquidity of $488.8 million, an increase of more than 310% year over year. The Company's balance sheet remains among the strongest in its history.This financial strength has allowed the Company to optimize the transition into a dual platform critical minerals company with liquidity for both future growth of metallurgical coal production as well as advancement of our exploratory rare earths and critical minerals project in Wyoming. This year it has also provided the optionality to enhance shareholder value through opportunistic open market purchases of the Company's Class A common stock.The Company had quarterly non-GAAP cash mine cost per ton sold of $98 which was consistent with the first quarter of 2025. (See "Reconciliation of Non-GAAP Measures" below.) The Company's cash costs continue to remain in the first quartile of the U.S. metallurgical coal cost curve. First quarter 2026 cash margins of $16 per ton declined from first quarter 2025 margins of $24 per ton due to the $20 per ton decline in U.S. high-vol indices over that same period. We view current high-vol price indices as unsustainable, as the majority of global high-vol mines remain unprofitable on a sustainable cost basis.We anticipate upward movement in U.S. coal pricing in the second half of 2026, caused by anticipated higher cost domestic high-vol supply contraction, coupled with Australian benchmark pricing having risen $50 per ton in the first quarter of 2026 versus the first quarter of 2025.MARKET COMMENTARY / 2026 OUTLOOKRare Earths and Critical Minerals:The Company anticipates receipt in late June of a revised conceptual study being prepared by the engineering firm of Hatch Ltd. ("Hatch"). It will be followed soon thereafter with a Technical Report Summary ("TRS") for the Initial Assessment of the Brook Mine project from Weir International ("Weir"). Both the Hatch study and Weir TRS are being prepared utilizing the carbochlorination process for recovery of critical minerals. This technique is currently used extensively in the titanium dioxide industry. Internal projections continue to estimate that this flowsheet process should generate materially increased incremental revenue and free cash flow when compared to our previously published projections in the Fluor study prepared in July 2025 which utilized a hydrometallurgical extraction process with a solvent extraction refining technique. We continue discussions regarding both potential critical mineral product offtake transactions and non-dilutive third-party project financing involving public and private sectors both domestically and overseas. The pilot plant's building structure is now being constructed in Wyoming with anticipated completion this summer. Design and construction of the interior equipment and testing facilities being fabricated at the Zeton, Inc. facility in Canada will begin in the Fall and full-scale pilot operations should commence in 2027.Metallurgical Coal Sales, Marketing and Growth Projects:Sales commitments for 2026 currently total 3.5 million tons as of April 30. This sales level equates to 90% of 2026 production guidance at the midpoint of 3.9 million tons. 1.1 million tons at an average realized fixed price of $138 per ton are committed to North American customers. An additional 1.0 million tons at an average fixed price of $107 per ton are committed to seaborne customers. In total, 2.1 million tons are committed at an average fixed price of $124 per ton. An additional 1.4 million export tons are committed to seaborne customers at index-linked pricing.While U.S. high-vol indices rose 6% on average in the first quarter of 2026 versus the fourth quarter of 2025, our average realized pricing as a whole fell $2 per ton or 2% sequentially. This first quarter decline was due to a combination of lower fixed priced annual domestic business in 2026 versus 2025, as well as lower netback realizations on export sales into Asia caused by increased freight rates due to the Iranian conflict. In the short to medium term, we see stronger current demand for low-vol products as compared to high-vol. U.S. low-vol indices were up 6% year-on-year in the first quarter, whereas U.S. high-vol prices were down 12% over the same period.To meet this demand our recently announced low-vol growth projects remain on track and on budget. Specifically, at our Berwind complex we have restarted our Laurel Fork Mine and will be adding a 3rd section at the main Berwind Mine this summer. At full production, these projects are expected to add approximately 100,000-200,000 tons in 2026 and 500,000 tons of metallurgical coal production in 2027.Similarly, we continue construction of a new rail loadout at our low-vol Maben complex with completion expected before year-end. This loadout is anticipated to save roughly $20 per ton on current trucking costs at this complex. It will also facilitate development of future deep mining should the Company elect to initiate mine expansion at this complex. At full production the Maben deep mine could provide approximately 1.5 million tons of additional low-vol coal production.Metallurgical Coal Guidance:The Company reiterates all previous key operational guidance across the board for full-year 2026.For the second quarter of 2026, we anticipate coal shipments of between 900,000 – 1,000,000 tons, with an ability to increase this figure depending on market conditions. We expect cash costs towards the higher end of the full-year range for the second quarter on the back of elevated fuel costs due to the Iranian conflict.MANAGEMENT COMMENTARYRandall Atkins, Ramaco Resources' Chairman and Chief Executive Officer commented, "Through our previously announced $100 million stock buyback program thus far this year we have repurchased $37 million of Class A common stock at an average price of $14.54 per share. This constitutes approximately 5% of our outstanding shares. We will continue to review our share repurchase options as the markets dictate.Over the past 9 months, we raised more than $500 million in equity and zero coupon unsecured convertible notes at prices of $18.75 per share on the equity raise and $24.25 per share on the convertible notes, both above the average price of our recent repurchase program.Our current share price level on a forward basis is in line with our metallurgical coal peers based on consensus estimates. As a result, we see that the market is placing limited share value on our potential rare earth elements and other critical minerals opportunity. Given our more positive internal view, we felt a prudent use of cash was to initiate execution on our authorized share repurchase plan in the first quarter.We will continue to evaluate the best use of cash on the balance sheet. I would note that we ended the first quarter with almost $490 million in liquidity, up more than 310% year-over-year. At these levels, our strong balance sheet affords us the optionality to invest in a number of areas including share repurchases, advancement of our exploratory Brook Mine project and low-vol met coal growth.Regarding the metallurgical coal business, this was the third consecutive quarter of cash cost per ton sold under $100, a unique accomplishment among our met coal peers. This was accomplished without wage or benefit cuts, and despite rising diesel prices since the start of the year.The Iranian conflict has impacted our business in several direct and indirect aspects. Diesel fuel prices for mine operations in the first quarter increased by roughly 23% over last year. Similarly, we have seen netbacks on Asian sales decline based on freight charge increases brought on by higher fuel costs.On met coal sales we have solidly started 2026 with 3.5 million tons contracted as of April 30. This sales level equates to 90% at the midpoint of 2026 production guidance of 3.9 million tons. 1.1 million tons are committed at an average realized fixed price of $138 per ton to North American customers and an additional 1.0 million tons are committed at an average fixed price of $107 per ton to seaborne customers. Another 1.4 million tons are committed to export sales at floating index-based pricing.Despite strong operational performance, both met coal pricing and realizations remain challenged, especially on the high-vol side. Current first quarter cash margins of $16 per ton declined from $24 per ton for same quarter in 2025. This was largely due to the $20 per ton, or 12% decline in U.S. high-vol indices over that same period. High-vol prices rose modestly in this first quarter versus the fourth quarter of 2025, however we still view current high-vol indices as unsustainably weak.At these levels, almost all global high-vol mines remain unprofitable on a sustaining cost basis. This year that dynamic has caused many key operations throughout both the U.S. and internationally to either file for bankruptcy, idle production, or engage in outright sales processes. All of this is likely to result in further supply contraction as the year progresses.Based on this supply dynamic alone we anticipate metallurgical prices will rise in the second half of 2026. Further, with Australian benchmark pricing now up $50 per ton in the first quarter of 2026 versus the first quarter of 2025, we view the current gap as unsustainable between Australian and U.S. met coal quoted index pricing.Our recently announced low-vol growth projects are proceeding on both anticipated timing and projected spend. Last quarter we restarted our Laurel Fork Mine and this summer we will add a 3rd section to our Berwind Mine. At full production, these projects are expected to add 100,000-200,000 tons in 2026 and 500,000 tons of coal production in 2027. In addition,  at our low-vol Maben complex the construction of the new rail loadout is expected to be complete before year-end. This loadout is anticipated to currently save roughly $20 per ton on trucking costs and provide optionality for future deep mine production growth at this mine.On the rare earth elements and critical minerals front, we expect the second half of 2026 will see significant advancement on a number of fronts. The revised conceptual study from Hatch is expected in June, followed soon thereafter by a geological Technical Report Summary from Weir, both analyzing the Initial Assessment of the carbochlorination processing flowsheet technique. Based on internal projections we estimate that this process should materially increase previous estimates of incremental revenue and free cash flow.We are now in advanced stages regarding potential domestic and international offtake transactions and non-dilutive third-party project financing. Specifics will be disclosed when transactions are complete. Timing on our pilot plant construction remains as projected with pilot operations expected to begin in early 2027.We are advancing our reorganization efforts outlined in our last Earnings release earlier this year. We expect to detail more on this in our remarks tomorrow in connection with this quarter's release." Key operational and financial metrics are presented below (unaudited):










Key Metrics










1Q26
4Q25Chg.
1Q25Chg.Total Tons Sold ('000)
892

938(5) %

946(6) %Total Tons Produced ('000)
951

8927 %

989(4) %Liquidity ($mm)$488.8
$521.0(6) %
$118.4313 %Revenue ($mm)$121.6
$128.0(5) %
$134.7(10) %Cost of Sales ($mm)$108.5
$103.25 %
$114.1(5) %Non-GAAP Revenue of Tons Sold ($/Ton) (a)$114
$116(2) %
$122(7) %Non-GAAP Cash Cost of Sales ($/Ton) (a)$98
$927 %
$980 %Non-GAAP Cash Margins on Tons Sold ($/Ton) (a)$16
$24(33) %
$24(33) %Net Income (Loss) ($mm)$(18.3)
$(14.7)(25) %
$(9.5)(94) %Diluted EPS - Class A Common Stock$(0.30)
$(0.26)(15) %
$(0.19)(58) %Diluted EPS - Class B Common Stock$(0.15)
$(0.07)(114) %
$(0.20)25 %Adjusted EBITDA ($mm) (a)$(1.8)
$8.9(120) %
$9.8(118) %Cash Capex ($mm)$17.1
$12.240 %
$20.3(16) %(1)  See "Reconciliation of Non-GAAP Measures." Differences may occur due to rounding.FIRST QUARTER 2026 PERFORMANCE In the following paragraphs, all references to "quarterly" periods or to "the quarter" refer to the first quarter of 2026, unless specified otherwise.Quarterly Year 2026 over 2025 Year ComparisonQuarterly overall coal production in the first quarter of 2026 of 951,000 tons was down 4% from the same period of 2025. The Elk Creek complex produced 717,000 tons, up 4% from last year. The Berwind, Knox Creek, and Maben complexes had production of 234,000 tons in the quarter, which was down 22% from the same period last year. The decline was largely due to the previously announced idling of higher cost metallurgical coal production precipitated by weak market conditions.U.S. high-vol metallurgical coal indices fell almost 12% versus the first quarter of 2025. As a result, quarterly pricing was $114 per ton, or 7% lower compared to $122 per ton in the first quarter of 2025.Cash costs were $98 per ton sold, excluding transportation costs and idle mine costs, consistent with the same period in 2025.Resultant cash margins were $16 per ton during the first quarter, down from $24 per ton or 33% from the same period of 2025. This was based on non-GAAP revenue (FOB mine) and non-GAAP cash cost of sales (FOB mine).Quarterly 2026 Sequential ComparisonFirst quarter of 2026 production of 951,000 tons was up 7% from the fourth quarter of 2025. The increase was moderated due to both continued production discipline in the current challenging market environment, coupled with the fourth quarter being impacted by two weeks of vacation.First quarter of 2026 sales of 892,000 tons were down 5% from the fourth quarter of 2025. First quarter sales were in line with our guidance, but were impacted by weather creating negative transportation issues, which were resolved by mid-March. Sales activity continues to run at normal cadence so far in the second quarter of 2026. Realized first quarter pricing of $114 per ton was down 2% from $116 per ton in the fourth quarter of 2025. This slight decline was primarily due to lower priced annual domestic business in 2026 versus 2025 with average U.S. high-vol index pricing dropping by 12% year-on-year in the first quarter of 2026. Netback price realizations were also impacted by both significantly higher amounts of export sales into Asia in the first quarter of 2026, and freight rates which increased due to higher fuel pricing caused by the Iranian conflict.Quarterly cash costs of $98 per ton were up $6 per ton or 7% compared to $92 per ton in the fourth quarter of 2025. The increase in cash costs was again largely due to higher diesel prices. Quarterly cash margins were $16 per ton, compared to $24 per ton last quarter, due mainly to the increased cash cost per ton. These figures are based on non-GAAP revenue (FOB mine) and non-GAAP cash cost of sales (FOB mine).BALANCE SHEET AND LIQUIDITY As of March 31, 2026, the Company had liquidity of $488.8 million, consisting of approximately $355.2 million of cash and $133.6 million of borrowing availability under our revolving credit facility. Liquidity was up over 310% compared to the same period of 2025.Quarterly capital expenditures totaled $17.1 million, down 16% compared to $20.3 million in the same period of 2025. This compared to $12.2 million for the fourth quarter of 2025.For the first quarter of 2026, the Company recognized income tax benefit of $5.8 million, which was an approximate 19% effective tax benefit rate, excluding the impact of discrete items.The following summarizes key sales, production and financial metrics for the periods noted (unaudited):

Three months ended

March 31, 
December 31,
March 31, In thousands, except per ton amounts
2026
2025
2025









Sales Volume (tons)

892

938

946









Company Production (tons)








Elk Creek Mining Complex

717

697

687Berwind Mining Complex (includes Knox Creek and Maben)

234

195

302Total

951

892

989









Per Ton Financial Metrics (a)








Average revenue per ton
$114
$116
$122Average cash costs of coal sold

98

92

98Average cash margin per ton
$16
$24
$24









Cash Capital Expenditures
$17,100
$12,195
$20,312











(a)  Metrics are defined and reconciled under "Reconciliation of Non-GAAP Measures."Class B DividendRelating to its Class B common shares, the Board of Directors (the "Board") declared a stock dividend of $0.1369 per share of Class B common stock for the second quarter of fiscal year 2026 to shareholders of record as of the close of Nasdaq on June 12, 2026 (the "Record Date").The dividends will be paid in Class B common stock and issued on June 26, 2026 (the "Payment Date") whereby holders will receive new shares of Class B common stock determined by dividing $0.1369 by the closing transaction price of the Class B common stock on June 12, 2026.No fractional shares will be issued in connection with the above-described stock dividend. In lieu of the issuance of fractional shares, the Company will pay in cash on the Payment Date the fair value of the fractions of a share issuable, determined as of the close of Nasdaq on the Record Date and based upon the closing transaction price per share of the Class B common stock reported by Nasdaq on that date.FINANCIAL GUIDANCE(In thousands, except per ton amounts and percentages)


Full-Year
Full-Year


2026 Guidance
2025





Company Production (tons)

3,700 - 4,100

3,826






Sales (tons) (a)

4,100 - 4,500

3,834






Cash Costs Per Ton Sold (b)
$95 - 100$98






Other





Capital Expenditures (c)
$85,000 - 90,000$64,282Selling, general and administrative expense (d)
$67,000 - 72,000$69,363Depreciation, depletion, and amortization expense
$75,000 - 80,000$68,155Interest expense, net
$1,000 - 2,000$7,804Effective tax rate (e)

    20 - 25%
17 %Idle Mine and Other Costs
$2,000 - 3,000$3,059






(a)  Includes purchased coal.(b)  Excludes transportation costs and idle mine costs.(c)  Excludes capitalized interest.(d)  Includes stock-based compensation.(e)  Normalized to exclude discrete items. Committed 2026 Sales Volume(a)


(In millions, except per ton amounts) (unaudited)


2026

Volume (Tons)
Average Price/TonNorth America, fixed priced
1.1
$138Seaborne, fixed priced
1.0

107Total, fixed priced
2.1
$124Index priced
1.4


Total committed tons
3.5


(a)Amounts as of April 30, 2026 include purchased coal. Totals may not add due to rounding. Includes impact from demurrage and other logistics and related fees.ABOUT RAMACO RESOURCES Ramaco Resources, Inc. is an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia, and southwestern Virginia and exploring a coal, rare earth and other critical minerals project in Wyoming. The Company's executive offices are located in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. The Company currently has four active metallurgical coal mining complexes in Central Appalachia and one coal mine and rare earth element and other critical mineral exploration stage property near Sheridan, Wyoming (the "Brook Mine"). The Brook Mine remains an exploration stage property, and no assurance can be given that it will be successfully developed into a commercial scale mine or that any inferred mineral resources estimated will be converted into higher confidence mineral resources or eventually mineral reserves. Contiguous to the Brook Mine, the Company operates a carbon research facility related to the potential production of advanced carbon products and materials from coal. In connection with these activities, it holds a body of more than 70 intellectual property patents, pending applications, exclusive licensing agreements and various trademarks. News and additional information about Ramaco Resources, including filings with the Securities and Exchange Commission, are available at http://www.ramacoresources.com. For more information, contact investor relations at (859) 244-7455.FIRST QUARTER 2026 CONFERENCE CALLRamaco Resources will hold its quarterly conference call and webcast at 10:00 AM Eastern Time (ET) on Tuesday, May 12, 2026. An accompanying slide deck will be available at https://www.ramacoresources.com/investors/investor-presentations/ immediately before the conference call.To participate in the live teleconference on May 12, 2026:Domestic Live: (833) 890-6680
International Live: (412) 564-6129
Conference ID: Ramaco Resources First Quarter 2026 Results
Web link: Click HereCAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTSCertain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements related to future production volumes and sales, anticipated capital expenditures, expected demand for metallurgical coal, the development and commercialization of the Brook Mine rare earth and critical mineral project, projected operating costs and margins, and the Company's financial guidance and outlook. These forward-looking statements represent Ramaco Resources' expectations or beliefs concerning guidance, future events, anticipated revenue, future demand and production levels, macroeconomic trends, the development of ongoing projects, costs and expectations regarding operating results, and it is possible that the results described in this news release will not be achieved.These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Ramaco Resources' control, which could cause actual results to differ materially from the results discussed in the forward-looking statements.These factors include, without limitation, unexpected delays in our current mine development activities, the ability to successfully increase production at our existing met coal complexes in accordance with the Company's growth initiatives, failure of our sales commitment counterparties to perform, increased government regulation of coal in the United States or internationally, the impact of tariffs imposed by the United States and foreign governments, the further decline of demand for coal in export markets and underperformance of the railroads, the Company's ability to successfully develop the exploratory Brook Mine rare earth and critical mineral project, including whether the Company's exploration target and estimates for such mine are realized, the timing of the initial production of rare earth concentrates, the development of a pilot and ultimately a full scale commercial processing facility. Mineral resources are not mineral reserves and do not meet the threshold for reserve modifying factors, such as estimated economic viability, that would allow for conversion to mineral reserves. There is no certainty that any part of the inferred mineral resources estimated at Brook Mine will be converted into higher confidence mineral resources and eventually mineral reserves in the future. Rare earth and critical minerals are a new initiative for us and, as such, has required and will continue to require us to make significant investments to build out our rare earth and other critical mineral capabilities.Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Ramaco Resources does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Ramaco Resources to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements found in Ramaco Resources' filings with the Securities and Exchange Commission ("SEC"), including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The risk factors and other factors noted in Ramaco Resources' SEC filings could cause its actual results to differ materially from those contained in any forward-looking statement.Ramaco Resources, Inc.
Unaudited Consolidated Statements of Operations








Three months ended March 31, In thousands, except per share amounts
2026
2025






Revenue
$121,613
$134,656






Costs and expenses





Cost of sales (exclusive of items shown separately below)

108,514

114,132Asset retirement obligations accretion

506

402Depreciation, depletion, and amortization

16,613

17,542Selling, general, and administrative

20,285

14,602Total costs and expenses

145,918

146,678






Operating (loss) income

(24,305)

(12,022)






Other income (expense), net

485

505Interest expense, net

(334)

(2,230)(Loss) income before tax

(24,154)

(13,747)Income tax (benefit) expense

(5,835)

(4,290)Net (loss) income
$(18,319)
$(9,457)






Earnings per common share





Basic - Class A
$(0.30)
$(0.19)Basic - Class B
$(0.15)
$(0.20)






Diluted - Class A
$(0.30)
$(0.19)Diluted - Class B
$(0.15)
$(0.20) Ramaco Resources, Inc.Unaudited Consolidated Balance Sheets






In thousands, except per-share amounts
March 31, 2026
December 31, 2025






Assets





Current assets





Cash and cash equivalents
$355,205
$440,347Accounts receivable

66,335

54,354Inventories

105,546

87,155Prepaid expenses and other

15,616

15,750Total current assets

542,702

597,606Property, plant, and equipment, net

517,090

511,943Financing lease right-of-use assets, net

14,998

15,763Advanced coal royalties

6,260

5,815Other

10,538

9,442Total Assets
$1,091,588
$1,140,569






Liabilities and Stockholders' Equity





Liabilities





Current liabilities





Accounts payable
$57,004
$41,600Accrued liabilities

43,487

54,724Current portion of asset retirement obligations

997

1,797Current portion of long-term debt

6

56Current portion of financing lease obligations

7,625

7,281Insurance financing liability

2,121

4,042Total current liabilities

111,240

109,500Asset retirement obligations, net

34,270

33,122Long-term financing lease obligations, net

9,137

10,184Long-term debt, net

452,063

451,361Deferred tax liability, net

38,469

44,309Other long-term liabilities

9,405

8,527Total liabilities

654,584

657,003






Commitments and contingencies












Stockholders' Equity





Class A common stock, $0.01 par value

458

445Class B common stock, $0.01 par value

110

106Additional paid-in capital

470,099

483,326Treasury stock

(15,031)

—Retained earnings

(18,632)

(311)Total stockholders' equity

437,004

483,566Total Liabilities and Stockholders' Equity
$1,091,588
$1,140,569 Ramaco Resources, Inc.Unaudited Statement of Cash Flows








Three months ended March 31, In thousands
2026
2025Cash flows from (used in) operating activities:





Net income (loss)
$(18,319)
$(9,457)Adjustments to reconcile net income to net cash from operating activities:





Accretion of asset retirement obligations

506

402Depreciation, depletion, and amortization

16,613

17,542Amortization of debt issuance costs

924

353Stock-based compensation

4,908

3,361(Gain)/loss on disposal of assets

(448)

—Deferred income taxes

(5,840)

(4,668)Changes in operating assets and liabilities:





Accounts receivable

(11,981)

21,460Prepaid expenses and other current assets

297

5,429Inventories

(18,391)

(12,765)Other assets and liabilities

(673)

(1,253)Accounts payable

12,896

9,809Accrued liabilities

(15,096)

(4,174)Net cash from (used in) operating activities

(34,604)

26,039






Cash flows from (used in) investing activities:





Capital expenditures

(17,495)

(20,313)Capitalized interest

(327)

(527)Other

805

(1,416)Net cash used in investing activities

(17,017)

(22,256)






Cash flows from (used in) financing activities:





Proceeds from borrowings

—

19,000Repayment of borrowings

(50)

(3,110)Purchase of treasury shares

(11,929)

—Payment of dividends

—

(2,476)Repayments of insurance financing

(1,921)

(1,937)Repayments of equipment finance leases

(1,741)

(2,056)Payment of debt issuance costs

(265)

(67)Shares surrendered for withholding taxes payable

(17,616)

(2,680)Net cash from (used in) financing activities

(33,522)

6,674






Net change in cash and cash equivalents and restricted cash

(85,143)

10,457Cash and cash equivalents and restricted cash, beginning of period

441,168

33,823Cash and cash equivalents and restricted cash, end of period

356,025

44,280






Cash and cash equivalents

355,205

43,466Restricted cash

820

814Total cash, cash equivalents and restricted cash

356,025

44,280Reconciliation of Non-GAAP Measures (Unaudited)Adjusted EBITDAAdjusted EBITDA is used as a supplemental non-GAAP financial measure by management and external users of our financial statements, such as industry analysts, investors, lenders, and rating agencies. We believe Adjusted EBITDA is useful because it allows us to evaluate our operating performance more effectively.We define Adjusted EBITDA as net income plus net interest expense; equity-based compensation; depreciation, depletion, and amortization expenses; income taxes; accretion of asset retirement obligations; and, when applicable, certain other non-operating and expense items that are non-recurring and not related to the underlying business performance. Its most comparable GAAP measure is net income. A reconciliation of net income to Adjusted EBITDA is included below. Adjusted EBITDA is not intended to serve as a substitute for GAAP measures of performance and may not be comparable to similarly titled measures presented by other companies.

Q1

Q4

Q1(In thousands)
2026

2025

2025








Reconciliation of Net Income to Adjusted EBITDA







Net (loss) income$(18,319)
$(14,705)
$(9,457)Depreciation, depletion, and amortization
16,613

16,484

17,542Interest expense, net
334

506

2,230Income tax (benefit) expense
(5,835)

(1,076)

(4,290)EBITDA
(7,207)

1,209

6,025Stock-based compensation
4,908

4,726

3,361Other expense (a)
—

2,500

—Accretion of asset retirement obligation
506

461

402Adjusted EBITDA$(1,793)
$8,896
$9,788(a)  Represents non-recurring expenses incurred in connection with the structuring of a strategic critical minerals terminal.Non-GAAP revenue and cash cost per tonNon-GAAP revenue per ton (FOB mine) is calculated as coal sales revenue less transportation costs including demurrage costs, divided by tons sold. Non-GAAP cash cost per ton sold (FOB mine) is calculated as cash cost of coal sales less transportation costs and idle and other costs, divided by tons sold. We believe revenue per ton (FOB mine) and cash cost per ton (FOB mine) provide useful information to investors as these enable investors to compare revenue per ton and cash cost per ton for the Company against similar measures made by other publicly-traded coal companies and more effectively monitor changes in coal prices and costs from period to period excluding the impact of transportation costs, which are beyond our control. The adjustments made to arrive at these measures are significant in understanding and assessing the Company's financial performance. Revenue per ton sold (FOB mine) and cash cost per ton sold (FOB mine) are not measures of financial performance in accordance with GAAP and therefore should not be considered as a substitute for revenue and cost of sales under GAAP. The tables below show how we calculate non-GAAP revenue and cash cost per ton:Non-GAAP revenue per ton (unaudited)


Q1

Q4

Q1(In thousands, except per ton amounts)

2026

2025

2025Metallurgical Coal Segment








Revenue
$121,613
$128,007
$134,656Less: Adjustments to reconcile to Non-GAAP revenue (FOB mine)








Transportation

20,202

19,290

19,042Non-GAAP revenue (FOB mine)
$101,411
$108,717
$115,614Tons sold

892

938

946Non-GAAP revenue per ton sold (FOB mine)
$114
$116
$122Non-GAAP cash cost per ton (unaudited)










Q1

Q4

Q1(In thousands, except per ton amounts)
2026

2025

2025Metallurgical Coal Segment







Cost of sales $108,514
$107,063
$112,220Less: Adjustments to reconcile to Non-GAAP cash cost of sales







Transportation costs
19,967

19,290

18,998Idle and other costs
1,367

1,331

459Non-GAAP cash cost of sales$87,180
$86,442
$92,763Tons sold
892

938

946Non-GAAP cash cost per ton sold (FOB mine)$98
$92
$98








Non-GAAP cash margins on tons sold $16
$24
$24We do not provide reconciliations of our outlook for cash cost per ton to cost of sales in reliance on the unreasonable efforts exception provided for under Item 10(e)(1)(i)(B) of Regulation S-K. We are unable, without unreasonable efforts, to forecast certain items required to develop the meaningful comparable GAAP cost of sales. These items typically include non-cash asset retirement obligation accretion expenses, mine idling expenses and other non-recurring indirect mining expenses that are difficult to predict in advance in order to include a GAAP estimate. View original content:https://www.prnewswire.com/news-releases/ramaco-resources-reports-first-quarter-2026-results-302768613.htmlSOURCE Ramaco Resources, Inc. Original: RAMACO RESOURCES REPORTS FIRST QUARTER 2026 RESULTS

Kuehn Law Encourages Investors of Ramaco Resources, Inc. to Contact Law FirmApril 20, 2026 9:26 AM
PR Newswire (US)

NEW YORK, April 20, 2026 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Ramaco Resources, Inc. (NASDAQ: METC) breached their fiduciary duties to shareholders. 







According to a federal securities lawsuit, Insiders at Ramaco Resources caused the company to misrepresent or fail to disclose that (1) no significant mining activity had been commenced at the Brook Mine after groundbreaking; (2) that no active work was taking place at the Brook Mine; (3) that, as a result, the development progress at the Brook Mine was overstated.If you currently own METC and purchased prior to July 31, 2025 please contact Justin Kuehn, Esq. by email at justin @RJ.  Kuehn Law pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights. Why Your Participation Matters:As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™ For additional information, please visit Shareholder Derivative Litigation - Kuehn Law.Attorney advertising. Prior results do not guarantee similar outcomes.Contacts:
Kuehn Law, PLLC
Justin Kuehn, Esq.
53 Hill Street, Suite 605
Southampton, NY 11968
justin @RJ



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Original: Kuehn Law Encourages Investors of Ramaco Resources, Inc. to Contact Law Firm

Ramaco Resources, Inc. Announces Internal Corporate ReorganizationMarch 31, 2026 8:15 AM
PR Newswire (US)

LEXINGTON, Ky., March 31, 2026 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, "Ramaco" or the "Company") a dual platform company that is both a leading operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and a developing producer of coal, rare earth elements and critical minerals ("REE/CM") in Wyoming, announces it is undergoing a strategic internal corporate reorganization.The Board of Directors has authorized management to pursue a strategic internal reorganization of the Company's corporate structure (the "Reorganization"). The Reorganization is designed to align the Company's corporate organization with its distinct business activities and asset portfolios. The objective is to maximize shareholder value by enhancing operational focus, improving operating and financial transparency for investors, and facilitating future financing opportunities for the Company's various business divisions. This could include potential access by one or more of those divisions to the public capital markets.Strategic RationaleThe Company believes that the Reorganization represents a significant opportunity to maximize shareholder value by unlocking the full financial and investment potential of its diverse asset base. The Company's existing operations and assets span multiple distinct and, in some senses, unaligned business categories. These include:An established metallurgical coal production and sales business,A rare earth and critical mineral resource and sales development,Various mineral rights and related infrastructure ownership encompassing both coal and various future potential rare earth elements and critical minerals, as well asFuture potential critical mineral related processing and refining facilitiesFollowing the Reorganization, each such business category will be contained in separate related subsidiaries that, at the outset, will be 100% owned by Ramaco Resources, Inc.By organizing its assets and operations into clearly defined business divisions, the Company intends to enhance the development and financing flexibility as well as position each division to pursue dedicated financing strategies tailored to its specific capital needs, growth profile, and investor base.This includes the potential in the future for one or more divisions to separately access public equity and debt capital markets. This structure is intended to enable each business division to attract capital from investors and financing sources best suited to its unique risk and return profile, thereby reducing the Company's overall cost of capital and maximizing long-term shareholder value.The Company's Board of Directors believes that this reorganized structure will create a stronger platform for value creation across all of the Company's business activities.Description of Business DivisionsFollowing the Reorganization, the Company expects its business activities to be organized into the following four principal operating divisions:Metallurgical Coal Production and Sales Operations. This operating division will consist of the Company's established eastern United States metallurgical coal mining production and sales operations. The division will continue to operate substantially as it does today, serving global steel producers with high-quality metallurgical coal products.Rare Earth and Critical Mineral Development and Sales Operations. This operating division will encompass both the development and sales from the Company's western rare earth, critical mineral exploration and development, and thermal mining operations being pursued at the Brook Mine located near Sheridan, Wyoming.  The Brook Mine is believed to host a rich and unconventional deposit of rare earth elements and critical mineral deposits including scandium, high purity gallium, germanium, high-purity alumina, and high-purity quartz. It also contains light and heavy rare earths including neodymium, praseodymium, terbium, dysprosium, yttrium, samarium, and gadolinium.All of these minerals and rare earths are hosted in soft carbonaceous coal, clay, and siltstone seams. There is no certainty that any estimated mineral resources at the Brook Mine will be converted to mineral reserves, and no assurance that we will successfully develop the Brook Mine into a commercial–scale mine. This division is expected to be responsible for the mining, development and sales of both thermal coal and the related feedstock for the Company's critical mineral oxide and carbonate refining operations.Royalty and Infrastructure. This operating division will hold the Company's mineral rights in coal as well as rare earth and critical minerals, real property interests, and infrastructure assets across both the Company's eastern and western operations. Revenue for this division is expected to be derived from royalty payments and infrastructure income received from the Company's operating divisions in exchange for the use of the Company's mineral rights and infrastructure. This division is expected to benefit from a capital-light business model with high margins and minimal ongoing capital expenditure requirements.Critical Mineral Refining and Processing. This operating division is expected to be responsible for the future processing and refining of rare earth and critical mineral feedstock expected to be produced by the Company's mining operations, utilizing the Company's proprietary carbochlorination processing technology. The division is expected to produce multiple distinct product streams.Additional InformationThe Company expects the Reorganization to be implemented in a tax-efficient manner using a series of internal corporate restructuring transactions. The Reorganization is not expected to result in any immediate change to the Company's current publicly traded equity or the Company's listing on the Nasdaq Stock Market.  The Company is being advised by various legal, accounting and investment banking groups on strategic and accounting matters in connection with the Reorganization.The Company is pursuing this initiative with the overarching objective of maximizing shareholder value. There can be no assurance regarding the timing of the completion of the Reorganization, the specific form it will ultimately take, or whether it will achieve the anticipated benefits. The Company has no obligation to update or supplement the information contained in this Current Report.ABOUT RAMACO RESOURCESRamaco Resources, Inc. is a dual platform company that is both an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and a developing producer of coal, rare earth elements and critical minerals in Wyoming. The Company's executive offices are in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. The Company currently has four active metallurgical coal mining complexes in Central Appalachia and one coal mine and rare earths development near Sheridan, Wyoming. In 2023, the Company announced that a major deposit of primary magnetic rare earths and critical minerals was discovered at its mine near Sheridan, Wyoming. Contiguous to the Wyoming mine, the Company currently operates a carbon research and pilot facility related to the development and production of advanced carbon products and materials derived from coal. In connection with these activities, the Company holds a body of more than 70 intellectual property patents, pending applications, exclusive licensing agreements and various trademarks. News and additional information about Ramaco Resources, including filings with the Securities and Exchange Commission, are available at https://www.ramacoresources.com. For more information, contact investor relations at (859) 244-7455.CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTSCertain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements related to Ramaco's plan for the Brook Mine, as well as expected benefits and advantages from the Brook Mine, and the anticipated mineral sources at the Brook Mine, the timing of the completion of the Reorganization and the expected benefits of the Reorganization.  These forward-looking statements represent Ramaco Resources' expectations or beliefs concerning guidance, future events, anticipated revenue, future demand and production levels, macroeconomic trends, the development of ongoing projects, costs and expectations regarding operating results, and it is possible that the results described in this news release will not be achieved.These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Ramaco Resources' control, which could cause actual results to differ materially from the results discussed in the forward-looking statements.These factors include, without limitation, unexpected delays in our current mine development activities, the ability to successfully increase production at our existing met coal complexes in accordance with the Company's growth initiatives, failure of our sales commitment counterparties to perform, increased government regulation of coal in the United States or internationally, the impact of tariffs imposed by the United States and foreign governments, the further decline of demand for coal in export markets and underperformance of the railroads, the Company's ability to successfully develop the Brook Mine REE/CM project, including whether the Company's exploration target and estimates for such mine are realized, the timing of the initial production of rare earth concentrates, the development of a pilot and ultimately a full scale commercial processing facility. Mineral resources are not mineral reserves and do not meet the threshold for reserve modifying factors, such as estimated economic viability, that would allow for conversion to mineral reserves. There is no certainty that any part of the estimated mineral resources at Brook Mine will be converted into mineral reserves in the future. Rare earths and critical minerals is a new initiative for us and, as such, has required and will continue to require us to make significant investments to build out our rare earth capabilities.Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Ramaco Resources does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Ramaco Resources to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements found in Ramaco Resources' filings with the Securities and Exchange Commission ("SEC"), including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The risk factors and other factors noted in Ramaco Resources' SEC filings could cause its actual results to differ materially from those contained in any forward-looking statement.POINT OF CONTACT
INVESTOR RELATIONS: info @anajatwo-7455 



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Original: Ramaco Resources, Inc. Announces Internal Corporate Reorganization

Ramaco Resources Announces First Quarter Class B Stock Dividend DetailsMarch 16, 2026 8:15 AM
PR Newswire (US)

LEXINGTON, Ky., March 16, 2026 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, "Ramaco" or the "Company") a leading operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and developing producer of coal, rare earth elements and critical minerals in Wyoming, today announced the dividend ratio of its previously declared Class B common stock dividend for the first quarter of 2026.As previously announced, the board of directors approved and declared a quarterly Class B common stock dividend of $0.1489 per share of Class B common stock, payable on March 27, 2026 (the "Payment Date"), to shareholders of record on March 13, 2026 (the "Record Date"), with the dividend to be paid in shares of Class B common stock. Also as previously announced, Class B common stockholders will receive a number of shares of Class B common stock for each share owned of Class B common stock determined by dividing $0.1489 by the closing transaction price of the Class B common stock on March 13, 2026, which was $10.43 per share (the "Class B Closing Price"). Based on the Class B Closing Price, each Class B common stockholder will receive 0.014276 of one share of Class B common stock for each share of Class B common stock held by the Class B common stockholder at the close of the market on March 13, 2026.No fractional shares will be issued in connection with the above-described stock dividend.  In lieu of the issuance of fractional shares, the Company will pay in cash on the Payment Date the fair value of the fractions of a share issuable, determined as of the close of Nasdaq on the Record Date and based upon the Class B Closing Price.For additional information please see our Current Report on Form 8-K which is expected to be filed with the Securities and Exchange Commission later today.ABOUT RAMACO RESOURCESRamaco Resources, Inc. is a dual platform critical mineral company that is both an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and a developing producer of coal, rare earth and critical minerals ("REE/CM")  in Wyoming. The Company's executive offices are in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. The Company currently has four active metallurgical coal mining complexes in Central Appalachia and one coal mine and rare earth development near Sheridan, Wyoming (the "Brook Mine") in the initial stages of production.In 2023, the Company announced that a major deposit of primary magnetic rare earths and critical minerals was discovered at its mine near Sheridan, Wyoming. Contiguous to the Wyoming mine, the Company currently operates a carbon research and pilot facility related to the development and production of advanced carbon products and materials derived from coal. In connection with these activities, it holds a body of more than 70 intellectual property patents, pending applications, exclusive licensing agreements and various trademarks.News and additional information about Ramaco Resources, including filings with the Securities and Exchange Commission, are available at https://www.ramacoresources.com. For more information, contact investor relations at (859) 244-7455.CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTSCertain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, any statements related to Ramaco's plan for the Brook Mine, as well as expected benefits and advantages from the Brook Mine, and the anticipated mineral sources at the Brook Mine. These forward-looking statements represent Ramaco Resources' expectations or beliefs concerning guidance, future events, anticipated revenue, future demand and production levels, macroeconomic trends, the development of ongoing projects, costs and expectations regarding operating results, and it is possible that the results described in this news release will not be achieved.These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Ramaco Resources' control, which could cause actual results to differ materially from the results discussed in the forward-looking statements.These factors include, without limitation, unexpected delays in our current mine development activities, the ability to successfully increase production at our existing met coal complexes in accordance with the Company's growth initiatives, failure of our sales commitment counterparties to perform, increased government regulation of coal in the United States or internationally, the impact of tariffs imposed by the United States and foreign governments, the further decline of demand for coal in export markets and underperformance of the railroads, the Company's ability to successfully develop the Brook Mine REE/CM project, including whether the Company's exploration target and estimates for such mine are realized, the timing of the initial production of rare earth concentrates, the development of a pilot and ultimately a full scale commercial processing facility. Mineral resources are not mineral reserves and do not meet the threshold for reserve modifying factors, such as estimated economic viability, that would allow for conversion to mineral reserves. There is no certainty that any part of the estimated mineral resources at Brook Mine will be converted into mineral reserves in the future. Rare earth and critical minerals is a new initiative for us and, as such, has required and will continue to require us to make significant investments to build out our rare earth capabilities. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Ramaco Resources does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Ramaco Resources to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements found in Ramaco Resources' filings with the Securities and Exchange Commission ("SEC"), including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The risk factors and other factors noted in Ramaco Resources' SEC filings could cause its actual results to differ materially from those contained in any forward-looking statement.POINT OF CONTACT
INVESTOR RELATIONS: info @anajatwo-7455



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Original: Ramaco Resources Announces First Quarter Class B Stock Dividend Details

Ramaco Resources, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - METCMarch 9, 2026 3:40 AM
PR Newswire (US)

LOS ANGELES, March 9, 2026 /PRNewswire/ -- The DJS Law Group  reminds investors of a class action lawsuit against Ramaco Resources, Inc. ("Ramaco Resources " or "the Company") (NASDAQ: METC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of METC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery. CLASS PERIOD:  July 31, 2025 to October 23, 2025
DEADLINE: March 31, 2026 CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Beyond Meat carried a higher book value for certain assets than their fair market value. The Company was likely to require a material non-cash impairment charge due to the asset valuation. Ramaco Resources did not initiate significant mining activities at the Brook Mine following its groundbreaking. The Company overstated its progress in developing the Brook Mine. Based on these facts, Ramaco Resources' public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate . WHY DJS LAW GROUP?  DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT: David J. SchwartzDJS Law Group274 White Plains Road, Suite 1 Eastchester, NY 10709Phone: 914-206-9742Email: David@djslawllp.com



View original content:https://www.prnewswire.com/news-releases/ramaco-resources-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--metc-302707822.htmlSOURCE DJS Law Group LLP

Original: Ramaco Resources, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - METC

Ramaco Resources, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - METCMarch 6, 2026 4:32 AM
PR Newswire (US)

LOS ANGELES, March 6, 2026 /PRNewswire/ -- The DJS Law Group  reminds investors of a class action lawsuit against  Ramaco Resources, Inc. ("Ramaco Resources " or "the Company") (NASDAQ: METC ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of METC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery. CLASS PERIOD:  July 31, 2025 to October 23, 2025 DEADLINE: March 31, 2026 CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Beyond Meat carried a higher book value for certain assets than their fair market value. The Company was likely to require a material non-cash impairment charge due to the asset valuation. Ramaco Resources did not initiate significant mining activities at the Brook Mine following its groundbreaking. The Company overstated its progress in developing the Brook Mine. Based on these facts, Ramaco Resources' public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate . WHY DJS LAW GROUP?  DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT: David J. SchwartzDJS Law Group274 White Plains Road, Suite 1 Eastchester, NY 10709Phone: 914-206-9742Email: David@djslawllp.com



View original content:https://www.prnewswire.com/news-releases/ramaco-resources-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--metc-302706337.htmlSOURCE DJS Law Group LLP

Original: Ramaco Resources, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - METC

The Gross Law Firm Notifies Shareholders of Ramaco Resources, Inc.(METC) of a Class Action Lawsuit and an Upcoming DeadlineMarch 3, 2026 9:00 AM
PR Newswire (US)

NEW YORK, March 3, 2026 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Ramaco Resources, Inc. (NASDAQ: METC).







Shareholders who purchased shares of METC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/ramaco-resources-inc-loss-submission-form-2/?id=183942&from=4CLASS PERIOD: July 31, 2025 to October 23, 2025ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) defendants had not commenced any significant mining activity at the Brook Mine after groundbreaking; (2) no active work was taking place at the Brook Mine; (3) as a result, the Company overstated development progress at the Brook Mine; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.DEADLINE: March 31, 2026 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/ramaco-resources-inc-loss-submission-form-2/?id=183942&from=4NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of METC during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is March 31, 2026. There is no cost or obligation to you to participate in this case.WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg @bback



View original content to download multimedia:https://www.prnewswire.com/news-releases/the-gross-law-firm-notifies-shareholders-of-ramaco-resources-incmetc-of-a-class-action-lawsuit-and-an-upcoming-deadline-302701881.htmlSOURCE The Gross Law Firm

Original: The Gross Law Firm Notifies Shareholders of Ramaco Resources, Inc.(METC) of a Class Action Lawsuit and an Upcoming Deadline

Ramaco Resources, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - METCMarch 2, 2026 3:04 AM
PR Newswire (US)

LOS ANGELES, March 2, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Ramaco Resources, Inc. ("Ramaco Resources" or "the Company") (NASDAQ: METC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of METC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: July 31, 2025 to October 23, 2025 DEADLINE: March 31, 2026 CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Beyond Meat carried a higher book value for certain assets than their fair market value. The Company was likely to require a material non-cash impairment charge due to the asset valuation. Ramaco Resources did not initiate significant mining activities at the Brook Mine following its groundbreaking. The Company overstated its progress in developing the Brook Mine. Based on these facts, Ramaco Resources' public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate . WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT: 
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com



View original content:https://www.prnewswire.com/news-releases/ramaco-resources-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--metc-302700587.htmlSOURCE DJS Law Group LLP

Original: Ramaco Resources, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - METC

RAMACO RESOURCES REPORTS FOURTH QUARTER AND FULL-YEAR 2025 RESULTSFebruary 25, 2026 4:25 PM
PR Newswire (US)

LEXINGTON, Ky., Feb. 25, 2026 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, "Ramaco" or the "Company") is a leading operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and is transitioning to also become a developer of rare earth and critical minerals in Wyoming. Today it reported financial results for the three and twelve month periods ending December 31, 2025 (the "Results").FOURTH QUARTER 2025 HIGHLIGHTSThe Company had a quarterly net loss of $(14.7) million and Class A diluted EPS of $(0.26). Class A diluted EPS was $(0.22) excluding a $2.5 million one-time, non-recurring expense incurred in connection with the structuring of a strategic critical minerals terminal at the Company's Brook Mine.The Company had quarterly Adjusted EBITDA of $8.9 million defined as adjusted earnings before interest, taxes, depreciation, amortization, certain non-operating expenses, the non-recurring expense noted above and equity-based compensation, a non-GAAP measure ("Adjusted EBITDA"). Also, see "Reconciliation of Non-GAAP Measures" below.The Company had quarterly non-GAAP cash mine cost per ton sold of $92 which was a $5 per ton decline compared to the third quarter of 2025. (See "Reconciliation of Non-GAAP Measures" below.) The Company's cash costs continue to remain in the first quartile of the U.S. cost curve. This quarter also represented the Company's strongest quarter in terms of cash costs per ton in four years. Fourth quarter cash margins of $24 per ton equaled those of the first quarter as the strongest of 2025 despite the U.S. high-vol metallurgical coal indices having fallen 17% during that time. They also exceeded third quarter margins by 4%, despite a 4% quarterly decline in U.S. high-vol metallurgical coal indices.FULL-YEAR 2025 HIGHLIGHTSFor full-year 2025 Ramaco had a net loss of $(51.4) million and Class A diluted EPS of $(0.99). Class A diluted EPS was $(0.95), excluding the one-time, non-recurring expense noted above.For full-year 2025 Adjusted EBITDA was $36.1 million as defined above. For full-year 2025 non-GAAP cash mine cost was $98 per ton sold, which was a $7 per ton decline compared to full-year 2024. (See "Reconciliation of Non-GAAP Measures" below.) For full-year 2025 cash margins were $22 per ton, compared to $35 per ton in 2024 principally because of lower priced metallurgical coal indices in 2025.The fourth quarter reflected record liquidity of $521 million, an increase of more than 275% year over year. The Company's balance sheet is now the strongest in its history, despite challenging price declines and the weakness in the metallurgical coal markets.This financial strength will allow the Company to optimize the transition and growth into a dual platform critical minerals company including both future growth of metallurgical coal production as well as the advancement of our rare earths and critical mineral development.MARKET COMMENTARY / 2026 OUTLOOKRare Earths and Critical Minerals:The Company continues to progress to development of a Pre-Feasibility Study ("PFS"). It is announcing today that it has developed a fundamental alternative flowsheet design for the processing of its rare earth elements and critical minerals from coal deposits. This process is both proprietary and patent-pending and has been developed by Ramaco's new internal critical mineral processing team. It has also now been endorsed by third party independent testing groups. This design improves upon the solvent extraction processing techniques previously modeled and outlined in the Preliminary Economic Assessment ("PEA") prepared in mid-2025 by Fluor Corporation.The alternative flowsheet design uses a carbochlorination process for recovery of critical minerals. Internal projections estimate that this flowsheet process will generate materially increased incremental revenue and free cash flow when compared to our previously published projections which had been based on the use of the solvent extraction method. As explained below, the carbochlorination process is anticipated to provide fundamental de-risking of the previous processing approach by reducing the overall capital and operating costs associated with oxide production, improving overall recoveries and product yields, increasing cash flow, creating a higher value product slate, while using a proven technique deployed in the titanium industry and reducing the project's reliance on scandium as the main product driver.Initial testing by independent third-party laboratories using this flowsheet method indicates an ability to produce significantly higher recovery levels of both gallium and scandium, as well as the ability to produce a slate of high purity, and thus, higher value, gallium related products. This is expected to expand the proposed product suite of critical minerals. We now anticipate that the largest amount of our revenue will be from a product slate of high purity gallium, high purity alumina ("HPA") and high purity quartz ("HPQ"). These high value products are primarily used in the semiconductor industry and other related applications. This approach is anticipated to also reduce the project's former reliance on scandium as the dominant product.The flowsheet provides potentially increased overall oxide production, higher oxide recovery, and expected higher revenue per ton of feed to the critical minerals processing facility. As a result, as part of the flowsheet redesign Ramaco is evaluating the optimal level of initial plant feedstock throughput. We anticipate this may reduce the initial capital expenditure of the oxide processing plant. Ramaco expects, however, to maintain the design optionality to increase both feedstock and plant output as future demand dictates. As part of this process revision, Ramaco is now planning to produce a mixed rare earth carbonate ("MREC") product for sale to third-party rare earth magnet-oriented processing companies. MREC output will constitute a minority of total revenue.This change is expected to greatly simplify and eliminate the need to construct the costly portion of the processing facility associated with the technically complex solvent extraction form of separation of the rare earths into separated magnetic oxides. Thus, we expect that it will eliminate the substantial capital and operating cost associated with construction and development of the previous large solvent extraction portion of the overall plant.Independent third-party testing, design, optimization and preparation of detailed economics for the change in flowsheet design will now modestly push out previous reporting timelines. We now expect to receive a revised PEA being prepared by Hatch, Inc. by mid-year. This PEA will generate revised economics utilizing the new flowsheet. The subsequent more detailed PFS, also being prepared by Hatch, is now expected to be completed by late 2026.As part of this new flowsheet analysis Hatch is expected to provide a pilot plant re-design expected by Q3-2026. During this redesign period we will continue current construction of the pilot plant and testing facility in Sheridan, WY. Development of the interior pilot plant infrastructure is expected to recommence at the Zeton pilot plant fabrication facility in Canada upon receipt of Hatch plans. We will continue third party metallurgical testing to support the PFS phase and are in parallel ramping up internal laboratory and test operations at the iCAM research facility.Ramaco continues its ongoing dialogue with both governmental and strategic groups regarding our development progress as we clarify our product capabilities, economics and timelines over the coming months.Metallurgical Coal Sales, Marketing and Growth Projects:Sales commitments for 2026 currently total 3.1 million tons as of the date of these Results. These sales equate to almost 80% of the midpoint and roughly 75% at the high-end of 2026 production guidance. 1.1 million tons are committed to North American customers at an average realized fixed price of $142 per ton. In addition, 2.0 million export tons are committed to seaborne customers at index-linked pricing.The fourth quarter of 2025 was the weakest quarter of the year for U.S. high-vol metallurgical coal indices. We have however begun to see a meaningful rebound in low-vol metallurgical index pricing on the back of both Australian supply constraints and stronger Indian demand. Australian premium low-vol indices are up more than $40 per ton from the fourth quarter average to now roughly $240 per ton. US low-vol and high-vol indices are up as much as 10% on average today compared to the fourth quarter average. Based on this positive market movement the Company will now both initiate and accelerate from 2027 to 2026 several growth projects associated with its low-vol portfolio. Specifically, the Board of Directors has authorized the restarting of the Laurel Fork Mine, as well as adding a 3rd section at our Berwind Mine. At full production, these projects are expected to add 0.5 million tons of production in 2027 and add 0.1-0.2 million tons in 2026.In addition, we are accelerating the construction of the new rail loadout project at our low-vol Maben complex. Completion of the new rail loadout is expected before year-end. This loadout is anticipated to save roughly $20 per ton on trucking costs at Maben. It is also expected to facilitate development of deep mining at this complex should the Company elect to initiate that step in the future. It is anticipated that at full production the Maben deep mining could provide approximately 1.5 million tons of additional low-vol production.Overall, these new low-vol development projects are anticipated to involve roughly $20 million in new growth commitments in 2026.Metallurgical Coal Guidance:The Company is issuing initial guidance for the 2026 calendar year and expects annual sales volumes between 4.1 and 4.5 million tons, with an ability to increase sales to almost 5 million tons, depending on market conditions. The Company expects annual met coal production volumes between 3.7 and 4.1 million tons, with an ability to optimize production levels depending on market conditions. Despite modest capital outlays, the Company anticipates both production and tons sold to increase in 2026 versus 2025. This would mark the Company's sixth consecutive year of production growth. This record is the longest continuous production growth curve among the met coal peer group.Ramaco anticipates 2026 cash cost of sales will be in the range of $95 and $100 per ton. Continued cost discipline is anticipated to lead to the third annual decrease in cash cost of sales in a row and the lowest level of cash cost per ton since 2021. The Company remains committed to maintaining its first quartile cash cost position in the U.S. met coal peer group. The Company anticipates Company-wide maintenance and growth capital outlays in 2026 of between $85 and $90 million. This includes spending on maintenance capital on its metallurgical coal mines of roughly $10-11 per ton, approximately $20 million of capital outlays at the Berwind and Maben complexes and roughly $20 million for its rare earth elements business. We anticipate 2026 first quarter shipments of between 800,000 – 950,000 tons due to normal annual seasonality in the Great Lakes which is closed for most of the first quarter. We expect cash costs towards the higher end of the range for that quarter, on the back of lower ratable shipments.MANAGEMENT COMMENTARYRandall Atkins, Ramaco Resources' Chairman and Chief Executive Officer commented, "Given the exceptional job by our operations team in terms of maintaining cost control at our core metallurgical coal complexes in 2025, I will start my comments on the coal front. Although we share our shareholder interest in the on-going Brook Mine critical mineral development in Wyoming, we have not lost sight that our fundamental core business today is the operation of our metallurgical coal complexes in Appalachia.Overall cash costs of $92 per ton this past quarter were the lowest we have achieved since the fourth quarter of 2021. Indeed, at our largest complex at Elk Creek, fourth quarter costs averaged just $80 per ton. We would also note that in this difficult market environment, unlike some others, we have not cut either wages or benefits to our mine workers.We regard Ramaco as a best-in-class employer, that continues to attract the top talent in the industry, and which also led to very strong productivity last quarter.Furthermore, our fourth quarter cash margins of $24 per ton were tied with our first quarter cash margins as the strongest of 2025. This was despite a 17% decline in U.S. high-vol metallurgical coal indices during that period.As we look ahead, we have initiated our 2026 met coal guidance. We are poised to both grow our total coal production for the 6th year in a row, while lowering overall cash costs per ton sold for the 3rd year in a row. Based on our current 2026 guidance, if benchmark price indices hold at current levels or improve, we expect meaningful earnings growth overall in 2026 versus 2025.World metallurgical coal markets have begun to see a meaningful and we hope sustained rebound. This appears in index pricing on the back of both Australian supply constraints and stronger Indian demand. Australian premium low-vol indices have increased to roughly $240 per ton and by more than $40 per ton from the fourth quarter average. US low-vol and high-vol indices are also up as much as 10% on average today compared to the fourth quarter average.As a result, we are either accelerating or initiating some of our low-vol growth projects which we had deferred until we began to see some positive market clarity. These low-vol projects are expected to add 0.5 million tons of production in 2027. We anticipate they will add 0.1-0.2 million tons in 2026. They also set the table should we decide to pursue further low-vol development in the future.We are focusing on low-vol production growth in the face of a crowded field of new high-vol projects from our peers who are now fiercely competing in the export markets. This has created current pricing pressure on high-vol coals with indices today lagging well below historical relativities.Despite this market overcrowding, we have been able to secure recent sales in Asia at meaningful premiums to these indices because of the low sulfur character of our high-vol coals. It is our expectation given market conditions that published high-vol index pricing will ultimately adjust accordingly, which should lead to an upward movement in these indices.Our coal sales for the year have again started off strong. We have sales commitments for 2026 currently totaling 3.1 million tons as of the date of these Results. These sales equate to almost 80% of the midpoint of the 2026 production guidance of 3.9 million tons. 1.1 million tons are committed to North American customers at an average realized fixed price of $142 per ton which is currently the highest level of our peer published results. In addition, 2.0 million export tons are committed to seaborne customers at index-linked pricing. We expect ultimate annual sales volumes between 4.1 and 4.5 million tons, with an ability to increase sales to almost 5 million tons, depending on market conditions.Moving to our emerging rare earth elements and critical minerals business in Wyoming, we are announcing a fundamental technology breakthrough for processing the minerals found comingled in coal. This is a new proprietary carbochlorination flowsheet that our internal critical mineral team developed by building upon the research and discoveries from the Fluor Corporation's Preliminary Economic Assessment ("PEA"). In simplistic terms, the results of current testing show that this approach should yield meaningful benefits to the Brook Mine's cash flows compared to the already strong projected cash flows in both Fluor's PEA and in the upsized development case from my last Shareholder Letter.Basically, we now expect markedly increased recoveries and yields of an overall higher value slate of basket oxide production. From this technique we also expect substantially increased production levels of high-purity gallium, high purity alumina, as well as high purity quartz. All of these products target the semi-conductor industries.The gallium and related products will constitute the largest portion of our overall projected revenue. Although we still expect to produce high levels of scandium, that critical mineral will not dominate the overall product slate in the same manner as in our original flowsheet design.We also now expect to sell our magnetic rare earth feedstock production as a mixed rare earth carbonate. This approach substantially simplifies the flowsheet. It is expected to reduce both the significant initial capital outlays as well as the on-going operating reagent expense associated with the solvent extraction separation processing technique for rare earth separation.Internal financial estimates indicate that these modifications, together with the current higher critical mineral pricing environment, are expected to materially increase cash flow generation estimates from our previously published figures. We are now working with our independent consultant Hatch to validate these estimates and expect to publish a revised PEA utilizing this new flowsheet and new economics by mid-year.These new flowsheet modifications will modestly increase the timeline for completion of our Preliminary Feasibility Study ("PFS"). We believe however that these changes will both ultimately and substantially improve the overall project and best serve the joint interests of both our shareholders and indeed the country.Importantly, we have now developed and filed patent and trade secret protections around a robust portfolio of intellectual property associated with this novel process. This should ensure that the Brook Mine will be the only coal based unconventional source of domestic REEs and critical minerals that will be able to utilize our new process.On the market front, the Trump administration recently announced an initiative to establish international price floors for critical minerals to counter China's market dominance. We remain confident that the U.S. government is committed to ensuring the development of a supply chain for domestic rare earth elements and critical minerals. We continue to pursue potential procurement, funding and development opportunities with strategic and governmental stakeholders.We were also recently gratified to note the Administration's discussion about the creation of domestic rare earth and critical mineral stockpiles for overall supply chain management and procurement. This initiative dovetails with our previously announced critical mineral stockpile and terminal initiative at the Brook Mine which we are pursuing with Goldman Sachs.Lastly, I want to touch upon the financial transformation of the liquidity levels on our balance sheet that we achieved in the second half of 2025. In total we raised over $1 billion in new capital.First, in July/August we raised $65 million in gross proceeds through the public issuance of unsecured notes led by Lucid Capital. Second, in August we raised $200 million in new equity through an underwriting led by Morgan Stanley and Goldman Sachs. Third, in November working again with Goldman Sachs, Morgan Stanley and a larger underwriting syndicate we raised $345 million in 6-year unsecured convertible notes with a zero percent coupon. Then in December we increased our revolving credit facility led by KeyBank to $500 million, inclusive of a $150 million accordion feature.Our balance sheet is now in the strongest position in our history, in spite of the challenging state of the metallurgical coal markets. We ended the fourth quarter with record liquidity of $521 million, which was up more than 275% year over year. This will allow us to rapidly move forward with our transition into a dual platform critical minerals company.On the other side of this journey, we hope to realize substantial growth and shareholder opportunities as a dual platform critical minerals enterprise. We will do so by producing both larger levels of high-quality low-cost metallurgical coal, as well as hopefully becoming one of the nation's leading vertically integrated rare earth and critical mineral companies. We look forward to 2026 moving us further along this unique path." Key operational and financial metrics are presented below (unaudited):

















Key Metrics

















4Q25
3Q25Chg.
4Q24Chg.
2025 YTD
2024 YTDChg.Total Tons Sold ('000)
938

8737 %

1,122(16) %

3,834

3,989(4) %Liquidity ($mm)$521.0
$272.491 %
$137.8278 %
$521.0
$137.8278 %Revenue ($mm)$128.0
$121.06 %
$170.9(25) %
$536.6
$666.3(19) %Cost of Sales ($mm)$103.2
$101.81 %
$136.1(24) %
$453.4
$533.3(15) %Non-GAAP Revenue of Tons Sold ($/Ton) (a)$116
$120(3) %
$129(10) %
$120
$140(14) %Non-GAAP Cash Cost of Sales ($/Ton) (a)$92
$97(5) %
$96(4) %
$98
$105(7) %Non-GAAP Cash Margins on Tons Sold ($/Ton) (a)$24
$234 %
$33(27) %
$22
$35(37) %Net Income (Loss) ($mm)$(14.7)
$(13.3)(11) %
$3.9(481) %
$(51.4)
$11.2(560) %Diluted EPS - Class A Common Stock$(0.26)
$(0.25)(4) %
$0.06(533) %
$(0.99)
$0.11(1,003) %Diluted EPS - Class B Common Stock$(0.07)
$(0.05)(40) %
$0.02(450) %
$(0.43)
$0.47(191) %Adjusted EBITDA ($mm) (a)$8.9
$8.46 %
$29.2(70) %
$36.1
$105.8(66) %Cash Capex ($mm)$12.2
$16.6(27) %
$11.92 %
$64.3
$68.8(7) %Adjusted EBITDA less Capex ($mm)  $(3.3)
$(8.3)60 %
$17.3(119) %
$(28.2)
$36.9(176) %(1)  See "Reconciliation of Non-GAAP Measures." Differences may occur due to rounding.FOURTH QUARTER AND FULL-YEAR 2025 PERFORMANCE In the following paragraphs, all references to "quarterly" periods or to "the quarter" refer to the fourth quarter of 2025, unless specified otherwise.Quarterly Year 2025 over 2024 Year ComparisonQuarterly overall production in the fourth quarter of 2025 of 892,000 tons was down 7% from the same period of 2024. The Elk Creek complex produced 697,000 tons, up 4% from last year. The Berwind, Knox Creek, and Maben complexes had production of 195,000 tons in the quarter, which was down 31% from the same period last year. The decline was largely due to the previously announced idling of some higher cost metallurgical coal production in light of continued weak market conditions.U.S. high-vol metallurgical coal indices fell almost 20% versus the fourth quarter of 2024. As a result, quarterly pricing was $116 per ton, or 10% lower compared to $129 per ton in the fourth quarter of 2024.Cash costs were $92 per ton sold, excluding transportation costs and idle mine costs, which was a 4%, or $4 per ton decrease from the same period in 2024.As a result of the above, cash margins were $24 per ton during the fourth quarter, down from $33 per ton or 27% from the same period of 2024. This was based on non-GAAP revenue (FOB mine) and non-GAAP cash cost of sales (FOB mine).Quarterly 2025 Sequential ComparisonFourth quarter of 2025 production was 892,000 tons, down 6% from the third quarter of 2025. The decrease was due to continued production discipline in the current challenging market environment, coupled with an extra week of vacation in the third quarter compared to the second quarter.Realized quarterly pricing of $116 per ton was down 3% from $120 per ton in the third quarter of 2025. This reflected the sequential decline in U.S. high-vol metallurgical indices, which fell roughly 4%, versus the third quarter.Quarterly cash costs of $92 per ton were down $5 per ton or 5% compared to $97 per ton in the third quarter of 2025. Quarterly cash margins were $24 per ton, increasing from $23 per ton sequentially, mainly due to the decreased cash cost per ton. These figures are based on non-GAAP revenue (FOB mine) and non-GAAP cash cost of sales (FOB mine).BALANCE SHEET AND LIQUIDITY As of December 31, 2025, the Company had liquidity of $521.0 million, consisting of approximately $440.3 million of cash plus $80.7 million of availability under our revolving credit facility. Liquidity was up over 275% compared to the same period of 2024 and was the strongest quarter-end liquidity on record for the Company.During the fourth quarter, the Company issued $345 million of zero coupon unsecured convertible debt with Goldman Sachs and Morgan Stanley. As of December 31, 2025, net debt stood at approximately $11 million versus net debt of $56 million on December 31, 2024.Quarterly capital expenditures totaled $12.2 million, down 27% compared to $16.6 million the third quarter of 2025. This compared to $11.9 million for the same period of 2024.For the fourth quarter of 2025, the Company recognized income tax benefit of $1.1 million, which was an approximate 6.8% effective tax benefit rate.The following summarizes key sales, production and financial metrics for the periods noted (unaudited):

Three months ended
Year ended December 31, 

December 31, 
September 30,
December 31, 



In thousands, except per ton amounts
2025
2025
2024
2025
2024















Sales Volume (tons)

938

873

1,122

3,834

3,989















Company Production (tons)














Elk Creek Mining Complex

697

647

672

2,719

2,286Berwind Mining Complex (includes Knox Creek and Maben)

195

298

282

1,107

1,385Total

892

945

954

3,826

3,671















Per Ton Financial Metrics (a)














Average revenue per ton
$116
$120
$129
$120
$140Average cash costs of coal sold

92

97

96

98

105Average cash margin per ton
$24
$23
$33
$22
$35















Cash Capital Expenditures
$12,195
$16,626
$11,920
$64,282
$68,842(a)  Metrics are defined and reconciled under "Reconciliation of Non-GAAP Measures."Class B DividendOur Board of Directors (the "Board") has declared a stock dividend for the first quarter of fiscal year 2026 relating to its Class B common shares to shareholders of record as of the close of Nasdaq on March 13, 2026 (the "Record Date"). The dividends will be paid in Class B common stock and issued on March 27, 2026 (the "Payment Date").The Board approved and declared the quarterly Class B common stock dividend of $0.1489 per share on the Company's Class B common stock. Given that this payment will occur in the form of Class B shares, Class B holders will receive a number of shares of Class B common stock for each share of Class B common stock determined by dividing $0.1489 by the closing transaction price of the Class B common stock on March 13, 2026.No fractional shares will be issued in connection with the above-described stock dividend. In lieu of the issuance of fractional shares, the Company will pay in cash on the Payment Date the fair value of the fractions of a share issuable, determined as of the close of Nasdaq on the Record Date and based upon the closing transaction price per share of the Class B common stock reported by Nasdaq on that date.FINANCIAL GUIDANCE
(In thousands, except per ton amounts and percentages)


Full-Year
Full-Year


2026 Guidance
2025





Company Production (tons)

3,700 - 4,100

3,826






Sales (tons) (a)

4,100 - 4,500

3,834






Cash Costs Per Ton Sold (b)
$95 - 100$98






Other





Capital Expenditures (c)
$85,000 - 90,000$64,282Selling, general and administrative expense (d)
$67,000 - 72,000$69,363Depreciation, depletion, and amortization expense
$75,000 - 80,000$68,155Interest expense (income), net
$(1,000 - 2,000)$7,804Effective tax rate (e)

    20 - 25%
17 %Idle Mine and Other Costs
$2,000 - 3,000$3,059






(a)  Includes purchased coal.(b)  Excludes transportation costs and idle mine costs.(c)  Excludes capitalized interest.(d)  Includes stock-based compensation.(e)  Normalized to exclude discrete items.Committed 2026 Sales Volume(a)
(In millions, except per ton amounts) (unaudited)

2026

Volume
Average PriceNorth America, fixed priced
1.1
$142Seaborne, fixed priced
-


Total, fixed priced
1.1
$142Index priced
2.0


Total committed tons
3.1



(a)  Amounts as of February 24, 2026 include purchased coal. Totals may not add due to rounding. Excludes demurrage.ABOUT RAMACO RESOURCESRamaco Resources, Inc. is an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia, and southwestern Virginia and a developing producer of coal, rare earth and critical minerals in Wyoming. Its executive offices are in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. The Company currently has four active metallurgical coal mining complexes in Central Appalachia and one coal mine and rare earth development near Sheridan, Wyoming in the initial stages of production. In 2023, the Company announced that a major deposit of primary magnetic rare earths and critical minerals was discovered at its mine near Sheridan, Wyoming. Contiguous to the Wyoming mine, the Company operates a carbon research related to the production of advanced carbon products and materials from coal. In connection with these activities, it holds a body of more than 70 intellectual property patents, pending applications, exclusive licensing agreements and various trademarks. News and additional information about Ramaco Resources, including filings with the Securities and Exchange Commission, are available at http://www.ramacoresources.com. For more information, contact investor relations at (859) 244-7455.FOURTH QUARTER AND FULL-YEAR 2025 CONFERENCE CALLRamaco Resources will hold its quarterly conference call and webcast at 9:00 AM Eastern Time (ET) on Thursday, February 26, 2026. An accompanying slide deck will be available at https://www.ramacoresources.com/investors/investor-presentations/ immediately before the conference call.To participate in the live teleconference on February 26, 2026:Domestic Live: (833) 890-6680
International Live: (412) 564-6129
Conference ID: Ramaco Resources Fourth Quarter 2025 Results
Web link: Click HereCAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTSCertain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Ramaco Resources' expectations or beliefs concerning guidance, future events, anticipated revenue, future demand and production levels, macroeconomic trends, the development of ongoing projects, costs and expectations regarding operating results, and it is possible that the results described in this news release will not be achieved.These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Ramaco Resources' control, which could cause actual results to differ materially from the results discussed in the forward-looking statements.These factors include, without limitation, unexpected delays in our current mine development activities, the ability to successfully increase production at our existing met coal complexes in accordance with the Company's growth initiatives, failure of our sales commitment counterparties to perform, increased government regulation of coal in the United States or internationally, the impact of tariffs imposed by the United States and foreign governments, the further decline of demand for coal in export markets and underperformance of the railroads, the Company's ability to successfully develop the Brook Mine rare earth and critical mineral project, including whether the Company's exploration target and estimates for such mine are realized, the timing of the initial production of rare earth concentrates, the development of a pilot and ultimately a full scale commercial processing facility. Mineral resources are not mineral reserves and do not meet the threshold for reserve modifying factors, such as estimated economic viability, that would allow for conversion to mineral reserves. There is no certainty that any part of the estimated mineral resources at Brook Mine will be converted into mineral reserves in the future. Rare earth and critical minerals is a new initiative for us and, as such, has required and will continue to require us to make significant investments to build out our rare earth capabilities.Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Ramaco Resources does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Ramaco Resources to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements found in Ramaco Resources' filings with the Securities and Exchange Commission ("SEC"), including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The risk factors and other factors noted in Ramaco Resources' SEC filings could cause its actual results to differ materially from those contained in any forward-looking statement.Ramaco Resources, Inc.
Unaudited Consolidated Statements of Operations














Three months ended December 31, 
Year ended December 31, In thousands, except per share amounts
2025
2024
2025
2024












Revenue
$128,007
$170,893
$536,618
$666,295












Costs and expenses











Cost of sales (exclusive of items shown separately below)

103,233

136,079

453,389

533,293Asset retirement obligations accretion

461

402

1,667

1,465Depreciation, depletion, and amortization

16,484

16,706

68,155

65,615Selling, general, and administrative

20,936

11,354

69,363

49,286Total costs and expenses

141,114

164,541

592,574

649,659












Operating (loss) income

(13,107)

6,352

(55,956)

16,636












Other income (expense), net

(2,168)

1,332

1,620

4,407Interest expense, net

(506)

(1,614)

(7,804)

(6,123)(Loss) income before tax

(15,781)

6,070

(62,140)

14,920Income tax (benefit) expense

(1,076)

2,212

(10,694)

3,728Net (loss) income
$(14,705)
$3,858
$(51,446)
$11,192












Earnings per common share











Basic - Class A
$(0.26)
$0.06
$(0.99)
$0.11Basic - Class B
$(0.07)
$0.02
$(0.43)
$0.50












Diluted - Class A
$(0.26)
$0.06
$(0.99)
$0.11Diluted - Class B
$(0.07)
$0.02
$(0.43)
$0.47 Ramaco Resources, Inc.Unaudited Consolidated Balance Sheets






In thousands, except per-share amounts
December 31, 2025
December 31, 2024






Assets





Current assets





Cash and cash equivalents
$440,347
$33,009Accounts receivable

54,354

73,582Inventories

87,155

43,358Prepaid expenses and other

15,750

17,685Total current assets

597,606

167,634Property, plant, and equipment, net

511,943

482,019Financing lease right-of-use assets, net

15,763

12,437Advanced coal royalties

5,815

4,709Other

9,442

7,887Total Assets
$1,140,569
$674,686






Liabilities and Stockholders' Equity





Liabilities





Current liabilities





Accounts payable
$41,600
$48,855Accrued liabilities

54,724

61,659Current portion of asset retirement obligations

1,797

1,035Current portion of long-term debt

56

359Current portion of financing lease obligations

7,281

6,218Insurance financing liability

4,042

4,302Total current liabilities

109,500

122,428Asset retirement obligations, net

33,122

30,052Long-term equipment loans

—

57Long-term financing lease obligations, net

10,184

7,517Long-term debt, net

451,361

88,135Deferred tax liability, net

44,309

56,027Other long-term liabilities

8,527

7,664Total liabilities

657,003

311,880






Commitments and contingencies












Stockholders' Equity





Class A common stock, $0.01 par value

445

438Class B common stock, $0.01 par value

106

95Additional paid-in capital

483,326

292,739Retained earnings

(311)

69,534Total stockholders' equity

483,566

362,806Total Liabilities and Stockholders' Equity
$1,140,569
$674,686 Ramaco Resources, Inc.Unaudited Statement of Cash Flows









Year ended December 31, 
In thousands
2025
2024
Cash flows from (used in) operating activities:






Net (loss) income
$(51,446)
$11,192
Adjustments to reconcile net income to net cash from operating activities:






Accretion of asset retirement obligations

1,667

1,465
Depreciation, depletion, and amortization

68,155

65,615
Amortization of debt issuance costs

2,711

934
Stock-based compensation

17,569

17,466
(Gain)/loss on disposal of assets

38

(18)
Deferred income taxes

(11,718)

1,675
Changes in operating assets and liabilities:






Accounts receivable

19,228

23,284
Prepaid expenses and other current assets

12,059

1,869
Inventories

(43,797)

(6,195)
Other assets and liabilities

(3,169)

(2,982)
Accounts payable

(10,042)

(4,834)
Accrued liabilities

714

3,194
Net cash from operating activities

1,969

112,665








Cash flows from (used in) investing activities:






Capital expenditures

(62,781)

(55,236)
Land and mineral acquisition

(18,544)

—
Maben preparation plant capital expenditures

(1,717)

(13,606)
Capitalized interest

(1,209)

(1,498)
Other

586

(495)
Net cash used in investing activities

(83,665)

(70,835)








Cash flows from (used in) financing activities:






Proceeds from equity offering

189,000

—
Payment of equity offering costs

(746)

—
Proceeds from long-term debt issuances

398,483

55,160
Purchase of capped calls

(32,810)

—
Proceeds from borrowings

52,000

141,500
Repayment of borrowings

(52,369)

(197,966)
Repayments of senior notes

(34,500)

—
Proceeds from stock options exercised

802

534
Payment of dividends

(4,340)

(24,602)
Repayments of insurance financing

(7,276)

(5,540)
Repayments of equipment finance leases

(10,497)

(8,636)
Payment of debt issuance costs

(5,217)

(657)
Shares surrendered for withholding taxes payable

(3,489)

(10,581)
Net cash from (used in) financing activities

489,041

(50,788)








Net change in cash and cash equivalents and restricted cash

407,345

(8,958)
Cash and cash equivalents and restricted cash, beginning of period

33,823

42,781
Cash and cash equivalents and restricted cash, end of period

441,168

33,823








Reconciliation of Non-GAAP Measures (Unaudited)Adjusted EBITDAAdjusted EBITDA is used as a supplemental non-GAAP financial measure by management and external users of our financial statements, such as industry analysts, investors, lenders, and rating agencies. We believe Adjusted EBITDA is useful because it allows us to evaluate our operating performance more effectively.We define Adjusted EBITDA as net income plus net interest expense; equity-based compensation; depreciation, depletion, and amortization expenses; income taxes; accretion of asset retirement obligations; and, when applicable, certain other non-operating and expense items that are non-recurring and not related to the underlying business performance. Its most comparable GAAP measure is net income. A reconciliation of net income to Adjusted EBITDA is included below. Adjusted EBITDA is not intended to serve as a substitute for GAAP measures of performance and may not be comparable to similarly titled measures presented by other companies.

Q4

Q3

Q4
Year ended December 31, (In thousands)
2025

2025

2024
2025
2024














Reconciliation of Net Income to Adjusted EBITDA













Net (loss) income$(14,705)
$(13,308)
$3,858
$(51,446)
$11,192Depreciation, depletion, and amortization
16,484

17,091

16,706

68,155

65,615Interest expense, net
506

2,250

1,614

7,804

6,123Income tax (benefit) expense
(1,076)

(3,299)

2,212

(10,694)

3,728EBITDA
1,209

2,734

24,390

13,819

86,658Stock-based compensation
4,726

4,731

4,211

17,569

17,466Other non-operating (a)
—

500

193

500

203Other expense (b)
2,500

—

—

2,500

—Accretion of asset retirement obligation
461

402

402

1,667

1,465Adjusted EBITDA$8,896
$8,367
$29,196
$36,055
$105,792














(a)  Represents income tax penalties and charitable contributions.(b)  Represents non-recurring expenses incurred in connection with the structuring of a strategic critical minerals terminal.Non-GAAP revenue and cash cost per tonNon-GAAP revenue per ton (FOB mine) is calculated as coal sales revenue less transportation costs including demurrage costs, divided by tons sold. Non-GAAP cash cost per ton sold (FOB mine) is calculated as cash cost of coal sales less transportation costs and idle and other costs, divided by tons sold. We believe revenue per ton (FOB mine) and cash cost per ton (FOB mine) provide useful information to investors as these enable investors to compare revenue per ton and cash cost per ton for the Company against similar measures made by other publicly-traded coal companies and more effectively monitor changes in coal prices and costs from period to period excluding the impact of transportation costs, which are beyond our control. The adjustments made to arrive at these measures are significant in understanding and assessing the Company's financial performance. Revenue per ton sold (FOB mine) and cash cost per ton sold (FOB mine) are not measures of financial performance in accordance with GAAP and therefore should not be considered as a substitute for revenue and cost of sales under GAAP. The tables below show how we calculate non-GAAP revenue and cash cost per ton:Non-GAAP revenue per ton (unaudited)


Q4

Q3

Q4
Year ended December 31, (In thousands, except per ton amounts)

2025

2025

2024

2025

2024Metallurgical Coal Segment














Revenue
$128,007
$120,996
$170,893
$536,618
$666,295Less: Adjustments to reconcile to Non-GAAP revenue (FOB mine)














Transportation

19,290

16,131

25,945

75,070

107,031Non-GAAP revenue (FOB mine)
$108,717
$104,865
$144,948
$461,548
$559,264Tons sold

938

873

1,122

3,834

3,989Non-GAAP revenue per ton sold (FOB mine)
$116
$120
$129
$120
$140Non-GAAP cash cost per ton (unaudited)

Q4

Q3

Q4
Year ended December 31, (In thousands, except per ton amounts)
2025

2025

2024

2025

2024Metallurgical Coal Segment













Cost of sales $107,063
$101,842
$134,942
$453,389
$528,538Less: Adjustments to reconcile to Non-GAAP cash cost of sales













Transportation costs
19,290

16,366

25,942

75,327

106,241Idle and other costs
1,331

583

742

3,059

1,529Non-GAAP cash cost of sales$86,442
$84,893
$108,258
$375,003
$420,768Tons sold
938

873

1,122

3,834

3,989Non-GAAP cash cost per ton sold (FOB mine)$92
$97
$96
$98
$105














Non-GAAP cash margins on tons sold $24
$23
$33
$22
$35We do not provide reconciliations of our outlook for cash cost per ton to cost of sales in reliance on the unreasonable efforts exception provided for under Item 10(e)(1)(i)(B) of Regulation S-K. We are unable, without unreasonable efforts, to forecast certain items required to develop the meaningful comparable GAAP cost of sales. These items typically include non-cash asset retirement obligation accretion expenses, mine idling expenses and other non-recurring indirect mining expenses that are difficult to predict in advance in order to include a GAAP estimate. 



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Original: RAMACO RESOURCES REPORTS FOURTH QUARTER AND FULL-YEAR 2025 RESULTS

Ramaco Resources, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - METCFebruary 23, 2026 3:17 AM
PR Newswire (US)

LOS ANGELES, Feb. 23, 2026 /PRNewswire/ -- The DJS Law Group  reminds investors of a class action lawsuit against  Ramaco Resources, Inc. ("Ramaco Resources " or "the Company") (NASDAQ: METC ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of METC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery. CLASS PERIOD:  July 31, 2025 to October 23, 2025 DEADLINE: March 31, 2026 CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Beyond Meat carried a higher book value for certain assets than their fair market value. The Company was likely to require a material non-cash impairment charge due to the asset valuation. Ramaco Resources did not initiate significant mining activities at the Brook Mine following its groundbreaking. The Company overstated its progress in developing the Brook Mine. Based on these facts, Ramaco Resources' public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate . WHY DJS LAW GROUP?  DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT: David J. SchwartzDJS Law Group274 White Plains Road, Suite 1 Eastchester, NY 10709Phone: 914-206-9742Email: David@djslawllp.com



View original content:https://www.prnewswire.com/news-releases/ramaco-resources-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--metc-302694311.htmlSOURCE DJS Law Group LLP

Original: Ramaco Resources, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - METC

Ramaco Resources, Inc. to Release Fourth Quarter and Full Year 2025 Financial Results on Wednesday, February 25, 2026 and Host Conference Call and Webcast on Thursday, February 26, 2026February 20, 2026 8:00 AM
PR Newswire (US)

LEXINGTON, Ky., Feb. 20, 2026 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, "Ramaco" or the "Company") will report fourth quarter and full year 2025 financial results on Wednesday, February 25, 2026, after the close of the market. The earnings news release will be available on the Company's investor relations website at www.ramacoresources.com and through major financial information sites.







At 9:00 a.m. Eastern Time on Thursday, February 26, 2026, Ramaco Resources will host an investor conference call and webcast where Randall W. Atkins, Chairman and Chief Executive Officer, Christopher L. Blanchard, EVP for Mine Planning & Development, Jeremy R. Sussman, EVP & Chief Financial Officer, Jason T. Fannin, EVP & Chief Commercial Officer, and Michael Woloschuk, EVP for Critical Minerals Operations will discuss fourth quarter and full year 2025 results.The conference call can be accessed by calling 1-833-890-6680 domestically or 1-412-564-6129 internationally. The webcast for this release will be accessible by visiting: https://event.choruscall.com/mediaframe/webcast.html?webcastid=cIDssQ6QABOUT RAMACO RESOURCESRamaco Resources, Inc. is an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia, and southwestern Virginia and a developing producer of coal, rare earth and critical minerals in Wyoming. Its executive offices are in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. The Company currently has four active metallurgical coal mining complexes in Central Appalachia and one development rare earth and coal mine near Sheridan, Wyoming in the initial stages of production. In 2023, the Company announced that a major deposit of primary magnetic rare earths and critical minerals was discovered at its mine near Sheridan, Wyoming. Contiguous to the Wyoming mine, the Company operates a carbon research and pilot facility related to the production of advanced carbon products and materials from coal. In connection with these activities, it holds a body of roughly 76 intellectual property patents, pending applications, exclusive licensing agreements and various trademarks. News and additional information about Ramaco Resources, including filings with the Securities and Exchange Commission, are available at https://www.ramacoresources.com. For more information, contact investor relations at (859) 244-7455.POINT OF CONTACT
INVESTOR RELATIONS: info @anajatwo-7455



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Original: Ramaco Resources, Inc. to Release Fourth Quarter and Full Year 2025 Financial Results on Wednesday, February 25, 2026 and Host Conference Call and Webcast on Thursday, February 26, 2026

Investors in Ramaco Resources, Inc. Should Contact The Gross Law Firm Before March 31, 2026 to Discuss Your Rights - METCFebruary 12, 2026 3:00 PM
PR Newswire (US)

NEW YORK, Feb. 12, 2026 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Ramaco Resources, Inc. (NASDAQ: METC).







Shareholders who purchased shares of METC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/ramaco-resources-inc-loss-submission-form-2/?id=183516&from=4CLASS PERIOD: July 31, 2025 to October 23, 2025ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) defendants had not commenced any significant mining activity at the Brook Mine after groundbreaking; (2) no active work was taking place at the Brook Mine; (3) as a result, the Company overstated development progress at the Brook Mine; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.DEADLINE: March 31, 2026 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/ramaco-resources-inc-loss-submission-form-2/?id=183516&from=4NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of METC during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is March 31, 2026. There is no cost or obligation to you to participate in this case.WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg @bback



View original content to download multimedia:https://www.prnewswire.com/news-releases/investors-in-ramaco-resources-inc-should-contact-the-gross-law-firm-before-march-31-2026-to-discuss-your-rights--metc-302686625.htmlSOURCE The Gross Law Firm

Original: Investors in Ramaco Resources, Inc. Should Contact The Gross Law Firm Before March 31, 2026 to Discuss Your Rights - METC

Ramaco Resources, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - METCFebruary 9, 2026 3:41 AM
PR Newswire (US)

LOS ANGELES, Feb. 9, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Ramaco Resources, Inc. ("Ramaco Resources " or "the Company") (NASDAQ: METC ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of METC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery. CLASS PERIOD: July 31, 2025 to October 23, 2025 DEADLINE: March 31, 2026 CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Beyond Meat carried a higher book value for certain assets than their fair market value. The Company was likely to require a material non-cash impairment charge due to the asset valuation. Ramaco Resources did not initiate significant mining activities at the Brook Mine following its groundbreaking. The Company overstated its progress in developing the Brook Mine. Based on these facts, Ramaco Resources' public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate . WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT: David J. SchwartzDJS Law Group274 White Plains Road, Suite 1Eastchester, NY 10709Phone: 914-206-9742Email: David@djslawllp.com



View original content:https://www.prnewswire.com/news-releases/ramaco-resources-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--metc-302682300.htmlSOURCE DJS Law Group LLP

Original: Ramaco Resources, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - METC

Rare earths rally as Trump moves toward $12 billion strategic minerals reserveFebruary 2, 2026 8:36 AM
IH Market News
Shares of rare earth and critical minerals producers jumped after reports that President Donald Trump is preparing a $12 billion plan to build a strategic stockpile of key minerals, aimed at cutting U.S. reliance on Chinese supply chains.USA Rare Earth rose 6.5%, while United States Antimony (AMEX:UAMY) advanced 7% and Critical Metals (NASDAQ:CRML) climbed 8% following news of the proposal, known as “Project Vault.” MP Materials (NYSE:MP), the largest U.S. producer of rare earths, gained 5.5%. Elsewhere, Ramaco Resources (NASDAQ:METC) added 2%, Trilogy Metals (AMEX:TMQ) increased 4%, and TMC the metals company (NASDAQ:TMC) jumped 6%.According to Bloomberg News, which cited senior administration officials speaking on condition of anonymity as the plan has yet to be formally announced, the initiative would pair $1.67 billion of private-sector funding with a $10 billion loan from the U.S. Export-Import Bank. The capital would be used to purchase and store critical minerals for use by American manufacturers.Modeled in part on the Strategic Petroleum Reserve, Project Vault would focus on accumulating materials such as gallium and cobalt, which are vital inputs for products ranging from smartphones and batteries to jet engines and other advanced technologies. The goal is to shield U.S. industry from supply disruptions and sharp price swings.The proposal underscores Trump’s broader push to reduce U.S. dependence on China, which currently dominates global mining and processing of rare earth elements and other critical minerals essential to the automotive, aerospace and energy industries.United States Antimony Corporation stock priceCritical Metals stock priceMP Materials stock priceRamaco Resources stock priceTrilogy Metals stock priceTMC stock price

Original: Rare earths rally as Trump moves toward $12 billion strategic minerals reserve

Ramaco Resources, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – METC        February 2, 2026 7:30 AM
Business Wire
The DJS Law Group reminds investors of a class action lawsuit against Ramaco Resources, Inc. (“Ramaco Resources” or “the Company”) (NASDAQ: METC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.


Shareholders who purchased shares of METC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.


CLASS PERIOD: July 31, 2025 to October 23, 2025


DEADLINE: March 31, 2026


CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Beyond Meat carried a higher book value for certain assets than their fair market value. The Company was likely to require a material non-cash impairment charge due to the asset valuation. Ramaco Resources did not initiate significant mining activities at the Brook Mine following its groundbreaking. The Company overstated its progress in developing the Brook Mine. Based on these facts, Ramaco Resources’ public statements were false and materially misleading throughout the class period.


If you are a shareholder who suffered a loss, contact us to participate.


WHY DJS LAW GROUP? DJS Law Group’s primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.


Join the case to recover your losses.


This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260202266485/en/
David J. Schwartz

DJS Law Group

274 White Plains Road, Suite 1

Eastchester, NY 10709

Phone: 914-206-9742

Email: David@djslawllp.com


Original: Ramaco Resources, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – METC        

Ramaco Resources, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - METCFebruary 2, 2026 4:47 AM
PR Newswire (US)

LOS ANGELES, Feb. 2, 2026 /PRNewswire/ -- The DJS Law Group  reminds investors of a class action lawsuit against  Ramaco Resources, Inc. ("Ramaco Resources " or "the Company") (NASDAQ: METC ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of METC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery. CLASS PERIOD:  July 31, 2025 to October 23, 2025 DEADLINE: March 31, 2026 CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Beyond Meat carried a higher book value for certain assets than their fair market value. The Company was likely to require a material non-cash impairment charge due to the asset valuation. Ramaco Resources did not initiate significant mining activities at the Brook Mine following its groundbreaking. The Company overstated its progress in developing the Brook Mine. Based on these facts, Ramaco Resources' public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate . WHY DJS LAW GROUP?  DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT: David J. SchwartzDJS Law Group274 White Plains Road, Suite 1 Eastchester, NY 10709Phone: 914-206-9742Email: David@djslawllp.com



View original content:https://www.prnewswire.com/news-releases/ramaco-resources-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--metc-302675961.htmlSOURCE DJS Law Group LLP

Original: Ramaco Resources, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - METC

i think probably worth $12 (now around $16.50).

METC CEO Randall Atkinson airing on Bloomberg Europe today. Up up up!

Department of the Interior releases draft 2025 List of Critical Minerals

New methodology quantifies risks to U.S. economy, results include 54 mineral commodities
08/25/2025

RESTON, Va. — The U.S. Department of the Interior, through the U.S. Geological Survey, today released the draft 2025 List of Critical Minerals and a report that outlines a new model for assessing how potential supply chain disruptions could affect the U.S. economy.

The draft list will guide federal strategy, investment, and permitting decisions designed to secure the minerals needed to drive the U.S. economy and protect national security. The List of Critical Minerals informs direct investments in mining and resource recovery from mine waste, stockpiles, tax incentives for U.S. mineral processing, and streamlined mining permitting.

“President Trump has made clear that strengthening America’s economic and national security means securing the resources that fuel our way of life. This draft List of Critical Minerals provides a clear, science-based roadmap to reduce our dependence on foreign adversaries, expand domestic production and unleash American innovation,” said Secretary of the Interior Doug Burgum. “By working with industry and state partners, we are ensuring that the minerals powering our energy, defense, and technology supply chains are produced and processed in the United States by American workers.”

The 2025 draft list includes 54 mineral commodities, of which 50 were included based on the results of the economic effects assessment, zirconium was included because of the potential for a single point of failure within the domestic supply chain and three were retained based on a qualitative evaluation.

Potash, silicon, copper, silver, rhenium and lead were recommended for inclusion to the list and arsenic and tellurium were recommended for removal.

The 2025 list is the second update to the List of Critical Minerals, which began with a 2017 Executive Order by President Donald J. Trump that set the United States on a path to analyzing - and addressing - the vulnerability of supply chains for critical minerals. The Energy Act of 2020 further specified the process for developing updates to the list every three years.

“The draft 2025 list and methodology reflect USGS advances in forecasting potential mineral supply chain disruptions, as called for in the Energy Act of 2020,” said Sarah Ryker, acting director of the USGS. “Minerals-based industries contributed over $4 trillion to the U.S. economy in 2024, and with this methodology we can pinpoint which industries may feel the greatest impacts of supply disruptions and understand where strategic domestic investments or international trade relationships may help mitigate risk to individual supply chains. This is a next generation risk assessment that can be used to prioritize securing the nation’s mineral supply chains.”

The supply chain disruption model assessed the potential effects of over 1,200 trade disruption scenarios of 84 mineral commodities on 402 individual industries and the U.S. economy overall. The modeled economic impacts were then weighted by the probability of the disruption scenario. Probability weighting combines the likelihood of a scenario occurring with the impact of the scenario. For example, one scenario represents the complete restriction of U.S. net imports of rhodium from South Africa. The impact of that scenario on U.S. GDP was estimated to be a decrease of $64 billion, but its probability of occurrence was only 3.9%, yielding a probability-weighted impact of nearly $2.5 billion.

The top 10 mineral commodities, in descending order by the estimated probability-weighted impact of supply disruptions on the U.S. economy, are samarium, rhodium, lutetium, terbium, dysprosium, gallium, germanium, gadolinium, tungsten and niobium.

Impacts in the billions of dollars may appear small against the $29 trillion U.S. economy, but those figures are probability weighted. As with the example of rhodium, the consequences of an actual disruption would be far greater. On America’s Balance Sheet, the loss of even one critical mineral can ripple through entire industries, from semiconductors to defense systems, undermining production capacity, technology leadership, and American jobs. The new USGS methodology enables policymakers to evaluate risks under multiple scenarios for all 84 mineral commodities analyzed, providing a clear economic measure that can be compared directly to other national priorities and risk-mitigation strategies.

Under the Energy Act, Secretary Burgum has broad authority to designate additional minerals for inclusion in the final list. For example, metallurgical coal and uranium are referred for consideration by executive orders and accordingly, the USGS intends to analyze and provide information to the secretary on the potential for including them on the 2025 List of Critical Minerals.

On August 26, 2025, the draft List of Critical Minerals will be posted in the Federal Register for public comment for the next 30 days. Public comment is specifically welcomed on inclusion of metallurgical coal and uranium, whether other minerals should be added, and moving to an annual update for USGS technical input to the List of Critical Minerals.

The USGS Open-File Report on the draft 2025 List of Critical Minerals can be read here :

https://pubs.usgs.gov/of/2025/1047/ofr20251047.pdf

The full list can be read here today https://www.federalregister.gov/public-inspection/current. Tomorrow, the Federal Register Notice containing the list can be read and public comments submitted here https://www.federalregister.gov/.

Scientific journal publications describing the methods used to estimate the price elasticities of supply and demand for the mineral commodities and the machine learning model for estimating the probabilities of the trade disruption scenarios can be read here:
https://dx.doi.org/10.2139/ssrn.5388963, https://doi.org/10.1007/s13563-025-00537-3.

Select data behind this publication can be found here https://doi.org/10.5066/P14BRF29, and the appendices for the main report can be found here https://doi.org/10.5281/zenodo.16538520.

More information about USGS work on critical minerals can be found here: https://www.usgs.gov/programs/mineral-resources-program/science/what-are-critical-minerals-0

https://www.doi.gov/pressreleases/department-interior-releases-draft-2025-list-critical-minerals

Maximize Profits in This Commodity Bull Market" Chen Lin presents at the Sept. Metals Investor Forum
Chen Lin discusses METC around the 13 minute mark:



Long Term Weekly Chart
https://schrts.co/WPRPeFPn

Nice move up from the April low.
Daily Chart
https://schrts.co/GBMNyrjg

$32 Santa gave it a $45 price target with a big lump of black coal in your stocking

;)

$37 billion of rare earths in Wyoming.

It's amazing the resources hiding in plain sight all these decades.https://t.co/0LIzxlROC3— Peter St Onge, Ph.D. (@profstonge) April 23, 2025 read please

I gotta look back into this one, forgot all about it.

Sticking a toe in the water:)

https://www.wsj.com/business/energy-oil/the-2-million-coal-mine-that-might-hold-a-37-billion-treasure-181dbdcf

This stock gonna keep going up, maybe it won’t fill, wouldn’t be surprised. revenue means nothing. One of the best infrastructure investments today.

Less than $13?

METC new 52 week high

This stock should be < $13.00

Anticipating an announcement Q4/Q1

-Effort to transform Powder River Basin into nation's Carbon Valley on at all levels-

A push to develop the PRB and its 25 billion tons of available coal to spark a new carbon economy for northeast Wyoming aims to evolve the region into the Carbon Valley. Like what California’s Silicon Valley has achieved to become the world’s leading hub of computer and technology development, local, state and federal officials are banking on the Carbon Valley to advance new carbon industries that go well beyond just burning coal.

One company on the leading edge of creating this new Carbon Valley is Ramaco Carbon, a private endeavor near Sheridan that has built a combination research/incubator facilities that can take coal and turn it into valuable carbon products.

The iCAM is expected to come online within the next few weeks, Atkins said, adding that he anticipates it will be a model for other Carbon Valley-motivated efforts.

The carbon from the same Powder River Basin coal that now sells for about $12 a ton can potentially be translated into a value of $100 million a ton, he said.
https://www.wyomingnews.com/rocketminer/news/state/effort-on-at-all-levels-to-transform-powder-river-basin-into-nations-carbon-valley/article_e6e8b024-dfc3-59fd-aa90-416121c98032.html

Conditions are ripe for Q3/Q4 movement

-Ramaco mine could be open by fall, CEO says-

RANCHESTER — After years of permitting review and promised timelines that have come and gone, Ramaco Carbon CEO Randall Atkins said Wyoming’s first new coal mine in more than four decades could be operational as early as this fall.
https://www.gillettenewsrecord.com/article_11145365-6992-527e-9269-6bbf46042edf.html

Sen Barrasso introducing METC's Randy Atkins

Starts about 4:20min mark

https://www.kulr8.com/news/barrasso-wyoming-is-on-the-cutting-edge-of-carbon-capture-research-and-innovation/article_4e083760-a3a9-11eb-8146-6f2e24ba21fa.html

Good things are about to happen with Coal-to-Products and CCUS in Wyoming!!

#METC
#CCTC

Sen. John Barrasso

“Coal is more than just a power source. Carbon from coal can be used in products as diverse as water filters, automobile bodies, bikes, & building products. Our bipartisan coal to products bill will encourage investment & create new jobs across the country.”
Coal is more than just a power source. Carbon from coal can be used in products as diverse as water filters, automobile bodies, bikes, & building products. Our bipartisan coal to products bill will encourage investment & create new jobs across the country.— Sen. John Barrasso (@SenJohnBarrasso) December 22, 2020

-Barrasso Coal, Uranium Legislation Headed To President’s Desk-

“Wyoming energy scored two big wins today. Bipartisan legislation to promote new and innovative ways to use coal and help boost Wyoming’s uranium production is headed to the president’s desk..
..On Dec. 12, 2019, Barrasso along with Senators Shelley Moore Capito (R-WV) and Joe Manchin (D-WV) introduced S. 3047, the Creating Opportunities And Leveraging Technologies for Coal Carbon Act, or COAL TeCC Act, to advance research and promote coal-derived carbon products. Some of these coal products include carbon fiber, graphite and carbon foam. The FY21 Omnibus contains key language contained in the COAL TeCC Act. The bill directs DOE to establish a 2-year pilot program, one in each of the two major coal producing regions of the United States. The pilot programs are meant to help coal-derived carbon products reach the commercialization phase.”

https://www.wyomingnewsnow.tv/2020/12/22/barrasso-coal-uranium-legislation-headed-to-presidents-desk/

Ramaco Resources Inc (METC)
3.15 ? -0.11 (-3.37%)
Volume: 84,681 @12/16/20 4:00:01 PM EST
Bid Ask Day's Range
3.1 3.41 3.14 - 3.3199
METC Detailed Quote

Anyone know who's patents are involved here?

Links?
Copies etc?

Thank you!

SHERIDAN-BASED CARBON TECH FIRM PARTNERS WITH DOE LAB ON COAL-CONVERSION PROJECTS

CASPER, Wyo — Carbon technology firm Ramaco Carbon, based in Sheridan, Wy, today announced it has entered into a partnership with Oak Ridge National Laboratory (ORNL), the nation’s largest U.S. Department of Energy (DOE) science and energy laboratory, to explore innovations for the conversion of coal to high-value advanced carbon products and materials.
https://oilcity.news/community/2020/06/02/sheridan-based-carbon-tech-firm-partners-with-doe-lab-on-coal-conversion-projects/

-Coal Company Receives Go Ahead Once Again On Mining Permit Application-

The Wyoming Department of Environmental Quality (DEQ) has deemed a mine permit application technically complete for the second time. It's a step towards Ramaco Carbon mining between 2 and 5 million tons of thermal coal near Sheridan
https://www.wyomingpublicmedia.org/post/coal-company-receives-go-ahead-once-again-mining-permit-application

-Ramaco Carbon announces supervisor for Wyoming, West Virginia operations-

Christopher Yurchick will oversee Ramaco Carbon’s research centers in the two states. The West Virginia facility is tentatively scheduled to open this spring in Charleston.
http://wvmetronews.com/2020/01/22/ramaco-carbon-announces-supervisor-for-wyoming-west-virginia-operations/

The perfect man for the job IMO.
https://www.linkedin.com/in/christopher-yurchick-2ba78a49

Sounds intriguing. I've put you and them on my follow lists. :)

Essentially that's correct.

They are converting low heat (8800 BTU) coal into a more efficient/cleaner burning feedstock, while extracting chemical byproducts and rare earths.

At least that's the plan..

Many of their talking points mirror METC's.

Interesting. So essentially they will transform basic heating coal into a more usable and efficient fuel source?

CCTC is correct. CCTI is an abbreviation for Clean Coal Technologies, Inc.
I should have been more clear.

Ramaco believes coal is too valuable to burn.
As does CCTI

I think there's much more to the story than met coal prices.

Here's a look at last Septembers presentation:
https://content.equisolve.net/_c85b0942cfb659521ef814d97efe5de1/cleancoaltechnologiesinc/db/184/443/pdf/CCTI+Presentation+Sep+2019.pdf