Aspiring rare-earths miner Ramaco Resources is raising capital via convertible debt. That pressured its stock early Wednesday. ...

LEXINGTON, Ky., Nov. 5, 2025 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC) ("Ramaco" or the "Company") announced today, in a separate press release, the pricing of its previously announced underwritten public offering of $300,000,000 aggregate principal amount of 0% convertible senior notes due 2031 (the "notes"), for total net proceeds of approximately $290.9 million, plus up to an additional $45,000,000 aggregate principal amount of notes that the underwriters of the notes offering have the option ...

Core Viewpoint - Ramaco Resources, Inc. has announced a public offering of $300 million in 0% convertible senior notes due 2031, with net proceeds expected to be approximately $290.9 million, aimed at funding various strategic initiatives including a rare earth elements project [1][2]. Offering Details - The notes will settle on November 7, 2025, and underwriters have an option to purchase an additional $45 million to cover over-allotments [1][2]. - Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are the book-running managers for the offering, with several firms acting as co-managers [3]. Financial Structure - The notes will be senior, unsecured obligations that do not bear regular interest, and the principal will not accrete [4]. - Noteholders can convert their notes under specific conditions, with an initial conversion rate of 30.5460 shares per $1,000 principal amount, equating to a conversion price of approximately $32.74 per share, representing a 35% premium over the public offering price of $24.25 [5]. Redemption and Repurchase Rights - The notes are redeemable at Ramaco's option starting November 6, 2028, if the stock price exceeds 130% of the conversion price for a specified period [6]. - In the event of a "fundamental change," noteholders may require Ramaco to repurchase their notes for cash at the principal amount plus any accrued interest [7]. Capped Call Transactions - Ramaco has entered into capped call transactions to cover the shares underlying the notes, with an initial cap price of approximately $54.56 per share, a 125% premium over the public offering price [8][10]. - These transactions are designed to reduce potential dilution of Ramaco's Class A common stock upon conversion of the notes [11]. Concurrent Offering - Ramaco is also conducting a concurrent delta offering of 2,245,126 shares of Class A common stock at a price of $24.25 per share, with no new shares being issued and no proceeds going to Ramaco [14]. - The completion of the notes offering is contingent upon the successful completion of the concurrent delta offering [14]. Company Overview - Ramaco Resources, Inc. operates in metallurgical coal and is developing projects in rare earth elements and critical minerals, with operational offices in West Virginia and Wyoming [18].

Accessibility StatementSkip Navigation LEXINGTON, Ky., Nov. 4, 2025 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC) ("Ramaco" or the "Company") announced today, in a separate press release, its intention to offer, in an underwritten public offering, subject to market and other conditions, $300,000,000 aggregate principal amount of convertible senior notes due 2031Â (the "notes"), plus up to an additional $45,000,000 aggregate principal amount of notes that the underwriters of the notes offering have t ...

Core Viewpoint - Ramaco Resources, Inc. plans to offer $300 million in convertible senior notes due 2031, with an option for underwriters to purchase an additional $45 million to cover over-allotments, subject to market conditions [1][2]. Group 1: Offering Details - The notes will be senior, unsecured obligations of Ramaco, accruing interest payable semi-annually starting May 1, 2026, and maturing on November 1, 2031 [2]. - Holders can convert the notes under certain conditions, with Ramaco having the option to settle conversions in cash, shares of Class A common stock, or a combination of both [3]. - The notes can be redeemed by Ramaco starting November 6, 2028, if the stock price exceeds 130% of the conversion price for a specified period [4]. Group 2: Repurchase and Use of Proceeds - In the event of a "fundamental change," noteholders may require Ramaco to repurchase their notes for cash at the principal amount plus accrued interest [5]. - Ramaco intends to use part of the net proceeds for capped call transactions and the remainder for developing rare earth elements and critical minerals projects, strategic growth opportunities, and general corporate purposes [6]. Group 3: Capped Call Transactions - Ramaco plans to enter into capped call transactions to reduce potential dilution of its Class A common stock upon conversion of the notes [7]. - The capped call transactions will be subject to anti-dilution adjustments and are expected to offset potential cash payments required upon conversion [7]. Group 4: Concurrent Delta Offering - Goldman Sachs and Morgan Stanley will conduct a concurrent delta offering of Ramaco's Class A common stock to facilitate hedging transactions for purchasers of the notes [11]. - The completion of the notes offering is contingent on the completion of the concurrent delta offering, and no new shares will be issued in this offering [11]. Group 5: Company Overview - Ramaco Resources, Inc. operates in metallurgical coal and is developing projects in rare earth elements and critical minerals, with offices in Kentucky, West Virginia, and Wyoming [14].

Group 1 - The aspiring miner has announced a deal with the government [1] - The company plans to develop a terminal for mineral storage [1] - The terminal will be available for use by other miners as well [1]

Group 1 - Ramaco Resources Inc (NASDAQ:METC) is experiencing a rebound, currently up 3.7% at $30.74 following a deal with Goldman Sachs to establish a national critical minerals stockpile [1] - The stock is recovering from a significant pullback from its October 15 record high of $57.80, and is now addressing a 6% quarterly deficit [2] - The stock's 14-day Relative Strength Index (RSI) is at 30, indicating it is in "oversold" territory and suggesting a potential short-term rebound [2] Group 2 - Short interest in Ramaco Resources has increased by 6% in the most recent reporting period, representing nearly 15.8% of the stock's total available float, which would take approximately two days for short sellers to cover [3] - The company tends to outperform options traders' volatility expectations, as indicated by a Schaeffer's Volatility Scorecard (SVS) of 76 out of 100 [3]

Group 1 - Ramaco Resources (METC) has signed a research and development agreement with the Department of Energy to enhance the discovery, mining processing, and creation of rare earths and critical minerals [1] - The agreement aligns with the current administration's focus on partnering with key companies to secure critical minerals [1] Group 2 - Ramaco Resources has achieved a 96 RS rating, indicating strong market leadership [4] - The company has cleared key benchmarks and has seen its RS rating rise to over 90, joining an elite group of stocks [4] - Recent performance shows Ramaco Resources has demonstrated renewed technical strength and improving market leadership with an RS rating of 87 [4]

Core Insights - Ramaco Resources, Inc. has announced the establishment of a Strategic Critical Minerals Terminal (SCMT) at its Brook Mine facility in Wyoming, with Goldman Sachs acting as the exclusive structuring agent [1][4] - The SCMT aims to address supply chain risks and ensure access to strategic materials, positioning Ramaco as a leading producer of critical minerals and rare earth elements (REEs) in the U.S. [1][4] Company Overview - Ramaco Resources operates and develops high-quality, low-cost metallurgical coal and is expanding into coal, rare earth, and critical minerals production in Wyoming [5] - The company has four active metallurgical coal mining complexes and is in the initial stages of production for a rare earth and coal mine near Sheridan, Wyoming [5] SCMT Initiative - The SCMT will provide long-term stockpiling, storage, and inventory management solutions for critical minerals and REEs, including tolling and value-added services for third-party producers [2] - The terminal is designed to ensure safe and secure inventory management, making materials available to consumers at market prices [2] Strategic Location - The Brook Mine site is strategically located with direct access to the BNSF railroad and proximity to a major interstate highway, facilitating efficient transportation to defense contractors and industrial consumers [3] Commitment to National Security - The initiative supports the strengthening of America's critical minerals supply chain, national security, and innovation in the rare earths industry [4]

Core Insights - Ramaco Resources, Inc. has signed a significant Umbrella Cooperative Research and Development Agreement (CRADA) with the U.S. Department of Energy's National Energy Technology Laboratory (NETL) to enhance research on rare earth elements and critical minerals [1][3][6] Company Developments - The CRADA aims to accelerate the discovery, mining, processing, and commercialization of rare earths and critical minerals at Ramaco's Brook Mine in Wyoming, which is believed to have the largest unconventional rare earth deposit in the U.S. [2][6] - The agreement will facilitate collaborative research projects focusing on advanced materials, carbon technologies, and coal derivatives, thereby strengthening U.S. competitiveness and supporting domestic manufacturing [3][4] Technological Integration - Ramaco and NETL will integrate advanced computing, artificial intelligence, and quantum technologies to enhance scientific workflows and expedite discoveries in rare earth and critical mineral development [4][6] - The initiative will leverage the expertise of the newly established Minerals to Materials Supply Chain Research Facility (METALLIC), which unites nine national laboratories to commercialize technologies in the rare earth sector [4][6] Research and Development Framework - The program is organized into four centers of expertise: Feedstock Beneficiation, Extraction and Separations, Refining, and Alloy Development and Advanced Manufacturing, each equipped for technology testing and validation [5][6] - The CRADA will remain effective for five years, allowing for multiple collaborative projects under its framework [6] Historical Context - NETL played a crucial role in the discovery of the rare earth deposit at Ramaco's Brook Mine in 2018 and has collaborated on various scientific and engineering projects since then [7][8]