Financial Data and Key Metrics Changes - In Q2 2025, adjusted EBITDA was $9 million compared to $10 million in Q1 2025, with a net loss of $14 million versus a net loss of $9 million in Q1 2025 [52][54] - Cash cost per ton sold was $103, down from $108 in 2024, with a potential $101 if excluding the idled Eagle mine [50][52] - The company anticipates full year 2025 production at the low end of the previous range of 3.9 million to 4.3 million tons, and sales at the low end of 4.1 million to 4.5 million tons [54][56] Business Line Data and Key Metrics Changes - The metallurgical coal benchmark prices dropped approximately 25% year on year, with U.S. indices falling another 5% in Q2 2025 compared to Q1 2025 [20][52] - The company achieved a record level of quarterly production in Q2 2025, with tons sold reaching 1.1 million compared to 900,000 in Q1 2025 [51][52] - The Brook Mine is expected to produce a significant domestic supply of rare earth and critical minerals, with a target for commercial oxide production by 2027, accelerated from 2028 [11][31] Market Data and Key Metrics Changes - Chinese coking coal prices surged 38% in July 2025, indicating a potential recovery in the market [33] - The Australian Premium Low Vol Index increased to $183.2 per ton in July 2025, up from a low of $166 in late March [34] - U.S. steel prices remain the highest globally, nearly double Asian seaborne levels, supporting domestic demand for metallurgical coal [39] Company Strategy and Development Direction - The company is transitioning to a dual platform model, focusing on both metallurgical coal and rare earths, aiming to become a significant player in the critical minerals market [6][25] - Plans to expand rare earth mine production to exceed the currently permitted 2.5 million tons per annum and enhance oxide processing capacity [8][10] - The company is actively engaging with U.S. government agencies to support the development of the Brook Mine, emphasizing its strategic importance for national security [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding pricing recovery in the metallurgical coal market, driven by firmer Chinese fundamentals and resilient Indian demand [23][24] - The company is focused on optimizing production and sales to avoid lower-margin spot sales, particularly in Asia [54][87] - Management highlighted the importance of government support for domestic critical mineral production to level the playing field against foreign competition [66][67] Other Important Information - The Brook Mine has received a five-year renewal of its mining permit, allowing for continued development [48] - The company is increasing its SG&A guidance for 2025 from $36 million to $40 million, reflecting the acceleration of the pilot plant development [57] Q&A Session Summary Question: Impact on quality mix and sales mix between domestic and export - Management expects no impact on the quality portfolio and anticipates a sales mix of roughly two-thirds seaborne and one-third domestic [60][62] Question: Estimated savings from the production tax credit - Estimated savings from the production tax credit are projected to be around $15 million per year on EBITDA [63] Question: Discussions with the administration regarding price support for critical minerals - Management confirmed ongoing discussions with the government but did not disclose specifics, emphasizing the need for support to counteract foreign pricing manipulation [65][67] Question: Pricing assumptions for scandium and balancing supply with demand - Management indicated that demand for scandium is expected to grow, particularly if a Western source becomes available, and they are confident in their pricing assumptions based on market studies [70][72] Question: Key growth drivers in the scandium market - The airline industry is identified as a primary end user for scandium, with potential applications in automotive and other sectors [80][82]

Financial Data and Key Metrics Changes - In Q2 2025, the company reported a cash cost per ton sold of $103, which is a decrease from $108 in 2024, indicating improved efficiency [22][50] - Adjusted EBITDA for Q2 was $9 million, down from $10 million in Q1, with a net loss of $14 million compared to a loss of $9 million in Q1 [52][54] - The company anticipates full year 2025 production at the low end of the previous range of 3.9 million to 4.3 million tons, and sales at the low end of 4.1 million to 4.5 million tons [54][56] Business Line Data and Key Metrics Changes - The metallurgical coal benchmark prices dropped approximately 25% year-on-year, impacting revenue despite record production levels [20][52] - The company achieved a record level of quarterly production with tons sold reaching 1.1 million in Q2, up from 900,000 in Q1 [51] - The Brook Mine, focused on rare earths and critical minerals, is expected to begin pilot plant operations in the fall, with commercial production anticipated by 2027, accelerated from 2028 [11][32][56] Market Data and Key Metrics Changes - Chinese coking coal prices surged 38% in July, indicating a potential recovery in the market, while U.S. met coal producers have reduced production due to pricing pressures [20][34] - The Australian Premium Low Vol Index increased to $183.2 per ton, reflecting a recovery from earlier lows [35] - The company expects U.S. apparent steel consumption to rebound by 3% to 4% in 2026, supporting met coal pricing [38] Company Strategy and Development Direction - The company is transitioning to a dual platform model, producing both metallurgical coal and rare earths, aiming to enhance its market position and growth trajectory [6][25] - Plans to expand rare earth mine production to exceed the currently permitted 2.5 million tons per annum and to increase oxide processing capacity [7][11] - The company is actively engaging with U.S. government agencies to support the development of its critical minerals business, emphasizing national security [13][66] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding pricing recovery in the met coal market, driven by improved fundamentals in China and India [23][34] - The company is focused on optimizing production and sales strategies to avoid lower-margin spot sales, particularly in Asia [54][87] - Management highlighted the importance of government support for domestic critical mineral production to level the playing field against foreign competition [64][66] Other Important Information - The Brook Mine has a defined TREO base of 1.7 million tons, with ongoing exploration expected to expand reserves [8][10] - The company has received a five-year renewal of its mining permit for the Brook Mine, allowing continued development [48] - The preliminary economic analysis from Fluor indicates a pre-tax net present value of $1.2 billion for the Brook Mine project, with an IRR of 38% [55] Q&A Session Summary Question: Impact on quality mix and sales mix between domestic and export - Management confirmed no expected impact on quality and indicated a sales mix of roughly two-thirds seaborne and one-third domestic [60][61] Question: Estimated savings from the production tax credit - Management estimated savings in the range of $15 million per year on EBITDA from the production tax credit [62] Question: Discussions with the administration regarding price support for critical minerals - Management acknowledged ongoing discussions with the government but did not provide specifics, emphasizing the need for support to counteract foreign pricing manipulation [64][66] Question: Price assumptions for scandium and balancing supply with demand - Management indicated that demand for scandium is expected to grow significantly if a Western source is established, with discussions suggesting potential market growth [70][72] Question: Key growth drivers in the scandium market - Management identified the aerospace industry as a primary end user for scandium, with potential applications in automotive and other sectors [80][81]

Financial Performance & Production - Ramaco reported revenue of $666 million and adjusted EBITDA of $106 million for the key 2024 metrics[11] - The company's sales volume reached 4 million tons[11] - Ramaco's net debt to adjusted EBITDA is less than 1.2x[11] - The company anticipates growing production at least 5% vs 2024[36] Cost Management - Ramaco's cash costs of $101 per ton in 1H25 were among the lowest of its publicly traded peer group[13] - Ramaco's 2Q25 cash costs were $103/ton[23] - The company's low cash costs per ton places it in the first quartile of the US cost curve[24] Rare Earth Elements (REE) Opportunity - The Brook Mine is expected to produce approximately 1,240 tons of rare earths and critical minerals annually[14,75] - Over 40% of the total estimated REO basket consists of primary magnetic REOs, gallium, germanium, and scandium[58] - The Brook Mine's revenue is estimated at $378 million, with $143 million EBITDA (38% margin) at steady state[71,75] - The company estimates a ~$12 billion NPV assuming an 8% discount rate[75]

Core Viewpoint - Ramaco Resources reported a quarterly loss of $0.29 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.22, marking an earnings surprise of -31.82% [1] - The company has shown mixed performance in terms of revenue, with $152.96 million reported for the quarter, surpassing the consensus estimate by 18.31%, but down from $155.32 million a year ago [2] Financial Performance - The company has surpassed consensus EPS estimates three times over the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is -$0.08 on revenues of $174.19 million, and for the current fiscal year, it is -$0.49 on revenues of $615.13 million [7] Stock Performance - Ramaco Resources shares have increased by approximately 93.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 8.2% [3] - The stock currently holds a Zacks Rank of 4 (Sell), indicating expectations of underperformance in the near future [6] Industry Outlook - The coal industry, to which Ramaco Resources belongs, is currently ranked in the bottom 13% of over 250 Zacks industries, suggesting a challenging environment [8] - The performance of Ramaco Resources may be influenced by the overall outlook of the coal industry [8] Competitor Insights - Warrior Met Coal, another company in the coal industry, is expected to report a quarterly loss of $0.28 per share, reflecting a year-over-year change of -120.7% [9] - Warrior Met Coal's revenues are anticipated to be $270.47 million, down 31.8% from the previous year [10]

Exhibit 99.1 RAMACO RESOURCES REPORTS SECOND QUARTER 2025 RESULTS LEXINGTON, KY., July 31, 2025 -- 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 future developer of rare earth and critical minerals in Wyoming. Today it reported financial results for the three and six months ended June 30, 2025. SECOND QUARTER 2025 HIGHLIGHTS MARKET COMMENTARY / 2025 OUTLOOK Sales and Marketin ...

Core Insights - Ramaco Resources, Inc. has released a summary of the independent Preliminary Economic Assessment (PEA) for its Brook Mine, prepared by Fluor Corporation, indicating the mine's commercial and technological feasibility [1][2] - The company is optimistic about the future, with a ribbon-cutting ceremony for the Brook Mine scheduled, marking a significant milestone for both Ramaco and the nation [2] Company Overview - Ramaco Resources, Inc. operates and develops high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and is also involved in coal, rare earth, and critical minerals production in Wyoming [3] - The company has four active metallurgical coal mining complexes in Central Appalachia and is in the initial stages of production for a coal mine and rare earth development in Wyoming [3] - In 2023, Ramaco discovered a major deposit of primary magnetic rare earths and critical minerals at its Wyoming mine, and operates a carbon research facility related to advanced carbon products from coal [3] Future Prospects - The results of the PEA suggest that the Brook Mine will contribute positively to the company's growth and operational capabilities, aligning with its strategic objectives in the coal and rare earth sectors [2][3]

Core Insights - Ramaco Resources, Inc. will receive a Preliminary Economic Assessment (PEA) of its Brook Mine from Fluor Corporation on July 9, 2025, which will be presented to the Board of Directors [1] - Following the presentation, Ramaco expects to release a summary of the updated information on its website within the week [1] Company Overview - Ramaco Resources, Inc. operates and develops high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and is also a developing producer of coal, rare earth, and critical minerals in Wyoming [2] - The company has four active metallurgical coal mining complexes in Central Appalachia and is in the initial stages of production at a coal mine and rare earth development near Sheridan, Wyoming [2] - In 2023, a major deposit of primary magnetic rare earths and critical minerals was discovered at the Wyoming mine [2] - Ramaco operates a carbon research and pilot facility related to the production of advanced carbon products and materials from coal, holding approximately 76 intellectual property patents and various licensing agreements [2]

Core Insights - The Fluor Corporation will deliver a full Preliminary Economic Assessment (PEA) of Ramaco Resources' Brook Mine by July 8, 2025, indicating a significant advancement in the project [1][2] - The Brook Mine is believed to contain the largest unconventional deposit of rare earth elements and critical minerals sourced from coal, which is commercially and technologically feasible [2][4] Economic Viability - The updated PEA confirms the viability of the Brook Mine project, validating Ramaco's development strategy and providing momentum for future phases [4] - The PEA outlines a net present value (NPV) of $1.197 billion at an 8% discount rate and $898 million at a 10% discount rate, with an internal rate of return (IRR) of 38% and an initial capital cost estimate of $473 million [8][15] Production and Revenue Projections - The project anticipates an adjusted EBITDA of $134 million by 2028, reaching $143 million by 2029, with annual revenue projected at $378 million [8][15] - The Brook Mine is expected to produce 1,242 short tons of rare earth oxides annually, including 456 tons of various critical minerals [11][12] Cost Structure - The total initial capital cost is estimated at $579 million, including a 22% contingency [9] - Annual steady-state costs are projected at $235 million, with mining costs at $27 million and processing costs at $195 million [12][15] Unique Geological Profile - The Brook Mine's geological profile allows for a more efficient extraction process with lower capital intensity compared to traditional hard rock mining, significantly reducing operational complexity and costs [5][6] Strategic Importance - The Brook Mine will be one of only two domestic sources of rare earth elements and the only source of heavy rare earth elements and critical minerals vital for the U.S. defense industry [18][19] - The mine is projected to support 3-5% of total U.S. permanent magnet demand and over 30% of the demand for U.S. defense applications [18] Development Timeline - Initial mining activities have commenced to procure ore for pilot-scale testing, with a pilot plant expected to be operational by mid-2026 [16]

Company Overview - Ramaco Resources, Inc. operates and develops high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and is also a developing producer of coal, rare earth, and critical minerals in Wyoming [1] - The company has four active metallurgical coal mining complexes in Central Appalachia and one coal mine and rare earth development project near Sheridan, Wyoming, which is in the initial stages of production [1] - In 2023, a major deposit of primary magnetic rare earths and critical minerals was discovered at the Wyoming mine [1] Intellectual Property and Research - Ramaco Resources holds approximately 76 intellectual property patents, pending applications, exclusive licensing agreements, and various trademarks related to its operations [1] - The company operates a carbon research and pilot facility focused on producing advanced carbon products and materials from coal [1] Communication and Investor Relations - Additional information about Ramaco Resources, including filings with the Securities and Exchange Commission, is available on its website [1] - Investor relations can be contacted via email or phone for further inquiries [2]

Company Overview - Ramaco Resources (METC) shares increased by 6.1% to close at $12.2, with a notable trading volume, reflecting a 26.2% gain over the past four weeks [1] - The company is well-positioned due to its high-quality met coal production, primarily utilized in steel making, supported by robust infrastructure and a diversified customer base [2][3] Financial Performance - Ramaco is expected to report a quarterly loss of $0.25 per share, a significant year-over-year decline of 412.5%, with revenues projected at $129.29 million, down 16.8% from the previous year [4] - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, indicating a lack of upward earnings estimate revisions [5] Competitive Advantage - The company's favorable reserve geology allows for low cash production costs per ton, providing a competitive edge in the market [3] - Ramaco's extensive experience in acquiring, developing, financing, and operating coal assets enhances its operational efficiency and long-term value [3] Industry Context - Ramaco Resources is part of the Zacks Coal industry, where another company, Alliance Resource Partners (ARLP), has seen a 0.4% increase in its stock price, but has returned -2.4% over the past month [5] - Alliance Resource Partners is expected to report an EPS of $0.61, reflecting a year-over-year decline of 22.8% [6]