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Ramaco Resources, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - METC
Prnewswire· 2026-02-02 09:47
Core Viewpoint - A class action lawsuit has been filed against Ramaco Resources, Inc. for alleged violations of securities laws, specifically related to misleading statements about asset valuations and mining activities [1][2]. Group 1: Lawsuit Details - The class period for the lawsuit is from July 31, 2025, to October 23, 2025, with a deadline for lead plaintiff appointments set for March 31, 2026 [2]. - The complaint alleges that Ramaco Resources overstated the book value of certain assets compared to their fair market value and indicated that a significant non-cash impairment charge was likely due to asset valuation issues [2]. - The company reportedly did not initiate significant mining activities at the Brook Mine after its groundbreaking and misrepresented its progress in developing the mine [2]. Group 2: Investor Participation - Shareholders who purchased shares during the class period are encouraged to contact the law firm for potential lead plaintiff appointments, although such an appointment is not necessary to participate in any recovery [2][3].
Randall W. Atkins Appointed to National Coal Council
Prnewswire· 2026-01-13 13:00
LEXINGTON, Ky., Jan. 13, 2026 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:  METC, METCB) Ramaco is proud to announce that U.S. Secretary of Energy Chris Wright has appointed Randall W. Atkins, Chairman and CEO of Ramaco Resources, as a member of the re-established National Coal Council (NCC). Atkins was serving as the last Chairman of the NCC in 2021 when former President Biden allowed the Council's charter to lapse, forcing it to cease operations. The Council's re-establishment by President Trump and S ...
Ramaco Resources Inc. Announces Substantial Increase In Size of Revolving Credit Facility and Extension of Its Term
Prnewswire· 2025-12-30 21:10
Financial Flexibility - Ramaco Resources, Inc. announced an amendment to its Revolving Credit Agreement with KeyBank, increasing overall commitments to $500 million, which includes a $350 million revolving commitment and a $150 million accordion feature, up from previous commitments of $200 million and $75 million respectively [1][4] - The maturity date of the credit facility has been extended from 2029 to 2030, providing the company with significant financial flexibility to support its long-term growth objectives [1][4] Capital Market Transactions - Since August 2025, Ramaco has engaged in nearly $1 billion of capital market and banking transactions, indicating strong financial activity and support for its growth initiatives [2] Company Operations - Ramaco Resources operates as a dual platform critical mineral company, focusing on high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, while also developing coal, rare earth, and critical minerals in Wyoming [5] - 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 near Sheridan, Wyoming [5] Rare Earth Development - In 2023, a major deposit of primary magnetic rare earths and critical minerals was discovered at the Wyoming mine, which is expected to enhance the company's production capabilities in this emerging sector [6]
Ramaco Resources Announces Fourth Quarter Class B Stock Dividend Details
Prnewswire· 2025-12-08 13:00
Core Viewpoint - Ramaco Resources, Inc. has announced the dividend ratio for its Class B common stock for Q4 2025, reflecting its ongoing commitment to shareholder returns through stock dividends [1][2]. Dividend Announcement - The board of directors has declared a quarterly Class B common stock dividend of $0.1780 per share, payable on December 19, 2025, to shareholders of record as of December 5, 2025 [2]. - Class B common stockholders will receive shares based on the closing transaction price of $12.37 per share on the record date, resulting in each stockholder receiving 0.014390 of one share for each share held [3][4]. - No fractional shares will be issued; instead, cash will be paid for any fractional shares based on the fair value determined at the close of Nasdaq on the record date [5]. Company Overview - Ramaco Resources, Inc. operates as a dual platform critical mineral company, focusing on high-quality, low-cost metallurgical coal in Central Appalachia and developing coal, rare earth elements, and critical minerals in Wyoming [6]. - 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 [6]. - In 2023, a significant deposit of primary magnetic rare earths and critical minerals was discovered at the Wyoming mine, and the company operates a carbon research facility related to advanced carbon products derived from coal [7].
Ramaco Chairman and CEO Randall Atkins to Appear on Fox Business' Varney & Co. to discuss U.S. Critical Mineral and Brook Mine Development
Prnewswire· 2025-12-01 13:00
Core Insights - Ramaco Resources, Inc. is set to feature its Chairman and CEO, Randall W. Atkins, in an interview on Fox Business, highlighting the company's strategic position in the U.S. critical mineral industry amid China's restrictions on rare earths [1][2] Company Overview - Ramaco Resources 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 [3] - The company has four active metallurgical coal mining complexes in Central Appalachia and is in the initial stages of production for a rare earth and coal mine near Sheridan, Wyoming [3] - In 2023, Ramaco discovered a major deposit of primary magnetic rare earths and critical minerals at its Wyoming mine, which is significant for the U.S. mining landscape [3] Project Highlights - The Brook Mine project in Sheridan, Wyoming, is notable as the first new rare earth mine developed in the U.S. in over 70 years and the first new coal mine in Wyoming in more than 50 years [2] - The interview will provide updates on the Brook Mine project, emphasizing its importance in the context of U.S. mineral independence [2]
Ramaco Posts FAQ Section on Website for Brook Mine Project
Prnewswire· 2025-11-13 13:00
Core Insights - Ramaco Resources, Inc. has launched a comprehensive FAQ section on its website to address shareholder inquiries regarding the Brook Mine rare earths and critical minerals project, reflecting the company's commitment to transparency as project development accelerates [1][2]. Company Overview - Ramaco Resources, Inc. operates and develops high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, while also developing coal, rare earth, and critical minerals in Wyoming [3]. - The company has four active metallurgical coal mining complexes in Central Appalachia and is in the initial stages of production at a rare earth and coal mine near Sheridan, Wyoming, where a significant deposit of primary magnetic rare earths was discovered in 2023 [3]. - Ramaco holds approximately 76 intellectual property patents and related agreements, supporting its innovative approaches in resource development [3]. Project Development - The FAQ section was created in response to shareholder feedback, emphasizing the unique nature of the Brook Mine and the company's desire to keep stakeholders informed about progress and plans [2]. - The Brook Mine project has a history of collaboration with the U.S. Department of Energy's National Energy Technology Laboratory, which has contributed to the discovery of rare earth elements [5]. - The company is currently constructing a pilot processing facility in Wyoming and a pilot prototype in Canada, indicating active steps towards operational readiness [5]. Financial Position - Recent financial transactions have positioned the company with record liquidity, enabling it to execute its rare earth and critical mineral projects effectively [5]. - The commercial aspects of rare earth elements and critical minerals, including the production potential of natural scandium found at the Brook Mine, highlight the project's economic viability [5].
RAMACO RESOURCES, INC. ANNOUNCES PROPOSED OFFERING OF BORROWED CLASS A COMMON STOCK TO FACILITATE HEDGING TRANSACTIONS
Prnewswire· 2025-11-04 22:07
Core Points - 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 for over-allotments [1][2] - Concurrently, Goldman Sachs and Morgan Stanley will facilitate a separate offering of Ramaco's Class A common stock to hedge transactions related to the notes offering [2][3] - The completion of both offerings is interdependent, meaning the notes offering is contingent on the successful completion of the concurrent stock offering [2][3] Company Overview - Ramaco Resources, Inc. operates and develops metallurgical coal in southern West Virginia and southwestern Virginia, and is also involved in producing coal, rare earth elements, and critical minerals in Wyoming [4] - The company has four active metallurgical coal mining complexes in Central Appalachia and is in the initial stages of production for a rare earth and coal mine near Sheridan, Wyoming [4]
RAMACO RESOURCES, INC. ANNOUNCES PROPOSED CONVERTIBLE SENIOR NOTES OFFERING
Prnewswire· 2025-11-04 22:05
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].
Ramaco Resources to Collaborate with Goldman Sachs on Strategic Initiative to Establish First National Critical Minerals Stockpile
Prnewswire· 2025-10-31 12:00
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]
Ramaco and U. S. Department of Energy's (DOE) National Energy Technology Laboratory (NETL) Execute Far-Reaching Strategic Agreement on Rare Earths and Critical Minerals
Prnewswire· 2025-10-30 21:15
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]