Core Insights - Ramaco Resources reported a quarterly loss of $0.25 per share, which was better than the Zacks Consensus Estimate of a loss of $0.33, representing an earnings surprise of +24.24% [1] - The company posted revenues of $121 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 3.45%, and down from $167.41 million year-over-year [2] - The stock has increased approximately 239.9% since the beginning of the year, significantly outperforming the S&P 500's gain of 15.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.22 on revenues of $169.28 million, and for the current fiscal year, it is -$0.80 on revenues of $582.26 million [7] - The estimate revisions trend for Ramaco Resources was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The coal industry, to which Ramaco Resources belongs, is currently ranked in the bottom 7% of over 250 Zacks industries, suggesting a challenging environment for stocks in this sector [8] - Peabody Energy, another company in the coal industry, is expected to report a quarterly loss of $0.19 per share, reflecting a year-over-year change of -125.3%, with revenues anticipated to be $971.6 million, down 10.7% from the previous year [9][10]

Financial Performance - The company reported a net loss of $(13.3) million and Class A diluted EPS of $(0.25) for Q3 2025, with Adjusted EBITDA of $8.4 million[5]. - Revenue for Q3 2025 was $121 million, down 21% from Q2 2025 and 28% from Q3 2024, while year-to-date revenue was $408.6 million, an 18% decrease compared to the previous year[36]. - The net loss for Q3 2025 was $13.3 million, a slight improvement from a loss of $14.0 million in Q2 2025, but significantly worse than a profit of $0.2 million in Q3 2024[36]. - Adjusted EBITDA for Q3 2025 was $8.4 million, down 7% from Q2 2025 and a 65% decline from $23.6 million in Q3 2024[36]. - For Q3 2025, the company reported a net loss of $13,308,000 compared to a net loss of $13,974,000 in Q2 2025 and a net income of $7,334,000 in Q3 2024[67]. - Adjusted EBITDA for Q3 2025 was $8,367,000, down from $9,005,000 in Q2 2025 and significantly lower than $76,596,000 in Q3 2024[67]. - Revenue for the three months ended September 30, 2025, was $120,996,000, a decrease of 28% compared to $167,411,000 for the same period in 2024[60]. Production and Sales - The company reported a total of 873,000 tons sold in Q3 2025, a decrease of 19% from Q2 2025 and a 15% decline from Q3 2024[36]. - Full-year 2025 production is now anticipated at 3.7 – 3.9 million tons, down from the previous estimate of 3.9 million tons, with sales expected at 3.8 – 4.1 million tons[16]. - Sales commitments for 2025 total 3.9 million tons, equating to 100% of the midpoint of the production guidance range, with an average realized fixed price of $151 per ton for North American customers[7]. - The Brook Mine's annual production level is now anticipated to be approximately 5 million tons of coal ore, with expected annual commercial production of 3,400 tons of rare earth and critical mineral oxides, a 175% increase from the previous level[7]. Costs and Margins - Non-GAAP cash cost per ton sold was $97, a $6 decline from Q2 2025, with cash margins per ton improving 15% despite a 6% decline in U.S. metallurgical coal indices[5]. - Cash costs per ton sold were $97 in Q3 2025, a 6% decrease from Q2 2025 and a 5% decrease from Q3 2024[36]. - Non-GAAP cash margins on tons sold were $23 in Q3 2025, compared to $20 in Q2 2025 and $34 in Q3 2024[69]. Liquidity and Capital Expenditures - The company ended Q3 2025 with record liquidity of $272 million and a net cash position of over $77 million, enabling acceleration of its transition into a dual-platform critical minerals company[5]. - The company maintained liquidity of $272.4 million as of September 30, 2025, representing a 237% increase compared to the same period in 2024[45]. - Capital expenditures for Q3 2025 totaled $16.6 million, compared to $15.1 million in Q2 2025 and $17.8 million in Q3 2024[47]. Strategic Initiatives - The company plans to establish a national strategic critical mineral terminal (SCMT) to stockpile rare earth and critical mineral oxides produced at the Brook Mine[25]. - The SCMT will provide long-term strategic stockpiling and inventory management solutions, anchoring the company's downstream operations[27]. - The company aims to be the largest upstream producer of rare earth and critical minerals in the U.S., with significant quantities of gallium, germanium, and scandium expected from the Brook Mine[7]. - The Prefeasibility Study by Hatch, Inc. is on schedule for completion in early 2026, with ongoing discussions for future sales of rare earths and critical minerals[7]. Challenges and Risks - The company anticipates challenges in ramping up production at its complexes in accordance with growth initiatives due to various external factors[57]. - The exploration targets at the Brook Mine are based on preliminary economic analysis and are subject to revision with additional data[58]. - The company does not guarantee the conversion of inferred mineral resources into mineral reserves, highlighting the uncertainty in its new initiatives[58]. - The company has made significant investments in developing rare earth capabilities at the Brook Mine, which is a new initiative with heightened risks and uncertainties[58]. Debt and Liabilities - The company reported total liabilities of $322,743,000 as of September 30, 2025, compared to $311,880,000 at the end of 2024[62]. - Total assets increased to $849,655,000 as of September 30, 2025, up from $674,686,000 as of December 31, 2024[62]. - Cash and cash equivalents rose significantly to $193,846,000 as of September 30, 2025, compared to $33,009,000 at the end of 2024[62].

Core Viewpoint - Ramaco Resources has announced the establishment of a national strategic stockpile for rare earth elements and critical minerals at its Brook Mine facility in Wyoming [2] Company Summary - The board of Ramaco Resources (NASDAQ:METC) approved a plan for the Strategic Critical Minerals Terminal [2]

Core Viewpoint - Ramaco Resources plans to establish a strategic stockpile of rare earth elements (REE) and critical minerals at its Brook mine in Wyoming to ensure secure access to these vital resources [1][2]. Company Developments - The stockpile aims to meet both private and public demands for reliable access to REE and critical minerals [2]. - Ramaco's board has authorized a plan to increase Brook's projected output of rare earth and critical mineral oxides to approximately 3,400 short tons annually, up from a previous target of 1,240 tons [4]. - The company intends to apply for necessary permits to expand mining operations on remaining land and has recently acquired additional land for future development [8]. Industry Context - The initiative comes as the U.S. seeks to reduce reliance on China, which currently dominates about 90% of rare earth refining and permanent magnet production [5]. - Brook mine could become the second new REE mine in the U.S. in 70 years, following the Mountain Pass mine in California [6]. Resource Potential - Brook is recognized as having the largest unconventional rare earth deposit in North America and is believed to be a primary source for scandium, gallium, and germanium [3][9]. - The site contains significant quantities of heavy REEs, including dysprosium and terbium, essential for advanced technologies [9]. Economic Assessment - A proposed REE processing facility at Brook is estimated to cost about $533.1 million, with a projected unlevered pre-tax internal rate of return of 38% and a payback period of five years [11]. - Scandium is expected to contribute 59% of the facility's total revenue [12]. Strategic Partnerships - Ramaco has partnered with a nationally recognized commodity structuring and financial advisor to support its capital expenditures and financing through off-take contracts [12].

Core Insights - Ramaco Resources, Inc. has announced the establishment of a national strategic stockpile of rare earth elements and critical minerals at its Brook Mine facility in Wyoming, known as the Strategic Critical Minerals Terminal (SCMT) [1][2][3] Company Initiatives - The SCMT aims to position Ramaco as a vertically integrated producer of critical minerals and rare earth elements in the U.S. [2] - The stockpile will address both private and public needs for secure access to essential materials, leveraging Ramaco's resources and third-party expertise [3][4] - The initiative is expected to provide long-term solutions for extraction, processing, and inventory management, thereby mitigating supply chain risks [3][4] Strategic Advantages - The Brook Mine site offers strategic advantages due to its location and infrastructure, including direct connectivity to the BNSF railroad and proximity to a major interstate highway [5] - This connectivity is anticipated to facilitate efficient transportation and distribution to a wide range of customers, including defense contractors [5] Production Goals - Ramaco plans to increase its annual commercial rare earth and critical mineral oxide production from approximately 1,240 tons to 3,400 tons, representing a 174% increase [10] - The Brook Mine is believed to contain significant quantities of heavy and light rare earth elements, essential for various advanced applications [9][11] Resource Estimates - The latest Technical Report Summary estimates 1.4 million tons of Total Rare Earth Oxide (TREO) at the permitted acreage, with potential for expansion as further exploration occurs [11] - The Brook Mine is recognized as one of the world's primary sources for scandium, gallium, and germanium, which are critical for advanced technologies [9][11] Future Development - Ramaco is committed to strengthening the U.S. critical minerals supply chain and supporting national security through this initiative [11][12] - The company is also expanding its land holdings in Wyoming for future development and mineral storage potential [8]

Core Insights - Ramaco Resources, Inc. (NASDAQ:METC) has experienced a significant decline in stock price, dropping 9.57% to $36.01 as investors sell off shares ahead of the upcoming Q3 earnings report [1][3] - The company is set to announce its financial results after market close on October 27, followed by a conference call on October 28 [2] - Ramaco is developing a new pilot processing plant and laboratory in Sheridan, Wyoming, aimed at producing high-purity rare earth oxides, which are crucial for U.S. magnet production and advanced technologies [3][4] Financial and Operational Highlights - The upcoming Q3 earnings report is anticipated to provide insights into the company's financial performance and operational metrics [2] - Ramaco has received a $6.1 million grant from the Wyoming Energy Authority's Energy Matching Fund to support the development of its new facility [4] Strategic Initiatives - The new facility is part of a broader strategy to establish a secure domestic supply of rare earth minerals, aligning with U.S. interests in reducing reliance on foreign sources, particularly in light of recent export restrictions from China [3][5] - The Chairman and CEO, Randall Atkins, emphasized the importance of this initiative for maintaining U.S. competitiveness in future technologies [5]

Core Viewpoint - Ramaco Resources has seen a significant stock price increase of 283% year-to-date, driven by its strategic expansion into rare earth elements (REE) and critical minerals following the discovery of substantial deposits at its Brook Mine in Wyoming [1][4]. Company Overview - Ramaco Resources has a market capitalization of $2.48 billion and focuses on the development, operation, and sale of metallurgical coal, emphasizing high-quality, low-cost production [2]. - The company operates several mining complexes across southern West Virginia, southwestern Virginia, and southwestern Pennsylvania, and is developing the Brook Mine in northeastern Wyoming, which spans approximately 16,000 acres [2]. - The Brook Mine is expected to produce REEs such as neodymium and praseodymium without generating radioactive waste, aligning with U.S. efforts to enhance critical mineral supply chains [2]. Market Context - The U.S.-China trade war has heightened the importance of rare earth minerals, which are essential for advanced technologies like electric vehicles and wind turbines [5]. - As China tightens its control over REE exports, the U.S. government is prioritizing the development of secure domestic supply chains [5]. Analyst Coverage - Baird initiated coverage of Ramaco Resources with a "Buy" rating and a price target of $63, the highest on Wall Street, indicating strong potential for the company in the U.S. rare earth economy [3][6]. - Analyst Ben Kallo highlighted the Brook Mine project as a significant opportunity for Ramaco and the U.S. rare earth sector [8]. Financial Performance - In Q2 of fiscal 2025, Ramaco reported a revenue decline of 1.5% year-over-year to $153 million, exceeding Wall Street estimates by $21.45 million [11]. - The company achieved an 18% year-over-year increase in tons sold, reaching over 1 million tons, driven by growth in both North American and export markets [11]. - The non-GAAP cash cost per ton sold was $103, positioning Ramaco within the first quartile of the U.S. cash cost curve [12]. Future Outlook - Ramaco's Brook Mine is fully permitted for an initial production capacity of 1,200 tons of REEs and 2 million tons of coal, with plans to increase output to 3,400 tons of REEs and 5 million tons of coal [8]. - Analysts expect the company to face a net loss of $0.97 per share in fiscal 2025, with full-year revenue projected to drop 12.72% year-over-year to $581.57 million, although investor focus remains on the Brook project [18].

Group 1 - Ramaco Resources, Inc. (NASDAQ:METC) experienced a significant drop of 12.29% on Wednesday, ending a 12-day winning streak, attributed to profit-taking after a 73.56% gain during that period [1][4]. - The company has been approved to join the Defense Industrial Base Consortium (DIBC), which aims to enhance the U.S. defense industrial base through collaboration among government, industry, and academia [2][4]. - Ramaco's CEO, Randall Atkins, emphasized the importance of the company's inclusion in the DIBC for contributing to the domestic supply of critical minerals necessary for defense and energy technologies [3][4].

Core Insights - Wall Street is currently facing challenges due to U.S.-China trade tensions, particularly in the rare earth metals sector and the AI race [1] - Critical Metals Corp (CRML) and Ramaco Resources (METC) are highlighted as companies to watch, especially following JPMorgan Chase's $1.5 trillion plan addressing national security needs related to critical minerals [1] Company Performance - CRML has seen a significant increase of 36.2%, trading at $31.70, and is on track for its best day since February 2024, with a remarkable 1,316.7% gain over the last six months [2] - METC is trading at $54.55, up 4.1%, marking its 12th consecutive gain, and has a year-to-date increase of 444.2% [3] Options Activity - Options trading for CRML is active, with 59,000 calls and 32,000 puts exchanged, indicating strong interest in the stock [2] - For METC, the Schaeffer's Volatility Index (SVI) is at 1.22%, suggesting low volatility expectations among traders [4]

Core Viewpoint - The term "rare earth" is misleading as these elements are not as rare as commonly perceived, but their extraction is challenging [1] Group 1 - Rare earth elements are more abundant than their name suggests, yet they are difficult to mine and process [1]