Workflow
Ramaco Resources(METCB)
icon
Search documents
Ramaco Resources Announces Strategic Initiative to Establish First National Critical Minerals Stockpile at Brook Mine
Prnewswire· 2025-10-27 12:00
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]
Ramaco Breaks Ground on Pilot Processing Plant and Lab to Advance Rare Earth and Critical Mineral Development
Prnewswire· 2025-10-23 12:00
Core Insights - Ramaco Resources has initiated mobilization and site development for a new pilot processing plant and laboratory in Wyoming, aimed at establishing a U.S.-based supply chain for rare earth elements and critical minerals [1][2][4] Group 1: Facility Development - The pilot facility will demonstrate the feasibility of converting domestic carbonaceous ore into high-purity individual rare earth oxides, crucial for U.S. magnet production and advanced technologies [2] - A $6.1 million matching grant from the Wyoming Energy Authority's Energy Matching Fund has been secured to support the pilot facility's development, part of a state initiative for energy innovation [3] - The facility will focus on processing rare earths and critical materials recently restricted from export by China, highlighting the importance of domestic production [4] Group 2: Strategic Importance - The Brook Mine deposit is geologically unique and enriched with rare earths, making it a promising source for rare earths in the U.S. [4] - The company aims to build a secure domestic supply of rare earths and critical minerals to maintain U.S. competitiveness in future technologies [5] Group 3: Company Background - Ramaco Resources operates in metallurgical coal and is developing rare earth and critical minerals in Wyoming, with four active coal mining complexes in Central Appalachia [7] - The company has discovered a major deposit of primary magnetic rare earths and critical minerals at its mine near Sheridan, Wyoming [7]
Ramaco Approved to Join the Defense Industrial Base Consortium (DIBC)
Prnewswire· 2025-10-15 12:45
Core Insights - Ramaco Resources, Inc. has been officially approved as a member of the Defense Industrial Base Consortium (DIBC), which aligns with its mission to support U.S. national security through the development of domestic critical mineral resources [1][3]. Group 1: Membership Benefits - As a DIBC member, Ramaco gains access to a network of defense contractors, research institutions, and federal agencies, allowing participation in federally funded research and production opportunities in critical areas such as rare earth elements and energy storage technologies [2]. - The DIBC aims to strengthen the U.S. defense industrial base by fostering collaboration among government, industry, and academia, focusing on building a resilient supply chain that minimizes reliance on foreign sources [3]. Group 2: Company Commitment - Ramaco's participation in the DIBC highlights its commitment to enhancing U.S. energy independence and supporting defense readiness while developing innovative solutions for future challenges [4]. - The company operates in southern West Virginia and southwestern Virginia, focusing on metallurgical coal and developing rare earth and critical minerals in Wyoming, with a significant discovery of primary magnetic rare earths at its Wyoming mine [5].
Ramaco Chairman and CEO Randall Atkins to Appear on Bloomberg Television Europe and BBC 'Business Today' to Discuss U.S. Critical Mineral and Brook Mine Development
Prnewswire· 2025-10-10 12:00
Core Insights - Ramaco Resources is gaining media attention as its Chairman and CEO, Randall W. Atkins, is set to appear in interviews on Bloomberg Television and BBC News, highlighting the company's role in the U.S. critical mineral industry amid China's restrictions on rare earths [1][2]. Company Overview - Ramaco Resources, Inc. operates in southern West Virginia and southwestern Virginia, focusing on high-quality, low-cost metallurgical coal and developing coal, rare earth, and critical minerals 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]. Brook Mine Project - The Brook Mine project in Sheridan, Wyoming, is significant as it is the first new rare earth mine in the U.S. in over 70 years and the first new coal mine in Wyoming in more than 50 years [3]. - The mine has garnered international attention due to the discovery of high concentrations of medium and heavy rare earth elements and critical minerals within coal seams [3]. Leadership and Industry Position - Randall W. Atkins is positioned as a leading voice in American mining and critical mineral resource independence, having recently spoken at the IEA-IEF-OPEC Symposium in Paris [4]. - His address emphasized the transformative role of coal in modern energy markets and Ramaco's leadership in rare earth development and carbon technologies [4].
Ramaco Resources' Randall Atkins to Address Global Energy Leaders at IEA-IEF-OPEC Symposium in Paris
Prnewswire· 2025-10-08 12:00
Core Insights - Ramaco Resources, Inc. is actively participating in the 7th IEA-IEF-OPEC Symposium on Gas and Coal Market Outlooks, emphasizing the importance of coal in the current energy landscape [1][6] - Randall W. Atkins, Chairman and CEO, will address the evolving role of coal, critical minerals, and artificial intelligence in energy markets [2][3] - The company is pioneering developments in coal and carbon products, as well as rare earth and critical minerals, which are crucial for future energy security [4][5] Company Overview - Ramaco Resources operates in southern West Virginia and southwestern Virginia, focusing on high-quality metallurgical coal and developing rare earth and critical minerals in Wyoming [7] - The company has four active metallurgical coal mining complexes and is in the initial stages of production for a rare earth and coal mine in Wyoming [7] - In 2023, Ramaco discovered a significant deposit of primary magnetic rare earths and critical minerals at its Wyoming mine, highlighting its role in energy security [7] Industry Context - The IEA-IEF-OPEC Symposium serves as a platform for experts and policymakers to discuss the future of gas and coal markets, reflecting a commitment to advancing dialogue on critical energy topics [6] - The event underscores the ongoing trilateral cooperation among the IEA, IEF, and OPEC, as mandated by G20 leaders, to address global energy challenges [1][6]
Martin van Wyk to Join Ramaco in Critical Minerals Leadership Role
Prnewswire· 2025-10-06 12:00
Core Insights - Ramaco Resources has appointed Martin van Wyk as Senior Vice President of Critical Minerals Processing, who will relocate from Australia to the U.S. to lead the development of the Brook Mine Project in Wyoming [1][5]. Group 1: Appointment and Expertise - Martin van Wyk brings over 23 years of global experience in mineral processing, hydrometallurgy, and rare earth elements (REEs) flowsheet development [1][2]. - His expertise includes a wide range of commodities such as iron ore, lithium, and uranium, with skills in geo-metallurgical analysis and process modeling [2][3]. Group 2: Contributions to Ramaco - Van Wyk has previously contributed to Ramaco's projects while working for an independent engineering firm, focusing on test work design and flowsheet optimization [3][4]. - His work has been integral to Ramaco's innovation program, particularly in developing process engineering solutions for rare earth and critical mineral separation [4]. Group 3: Company Overview - Ramaco Resources operates in high-quality metallurgical coal and is developing coal, rare earth, and critical minerals in Wyoming, with a significant discovery of primary magnetic rare earths announced in 2023 [7]. - The company holds approximately 76 intellectual property patents and is involved in advanced carbon product research related to coal [7].
Ramaco Announces Appointment of Mike Graney to Board of Directors
Prnewswire· 2025-09-16 20:05
Core Insights - Ramaco Resources, Inc. has appointed Mike Graney as an independent member of its Board of Directors effective September 15, 2025, bringing extensive experience in economic development and energy [1][4]. Company Overview - Ramaco Resources is a leading employer and metallurgical coal producer in West Virginia and Virginia, and a developer of rare earth and critical minerals in Wyoming [1][5]. - The company operates 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 [5]. Leadership Experience - Mike Graney has over 35 years of experience in entrepreneurship, business leadership, and executive roles, including serving as Executive Director of the West Virginia Department of Economic Development [2][3]. - His background includes managing large-scale operations and driving business growth, which aligns with Ramaco's mission [3][4]. Strategic Direction - Graney's appointment is expected to enhance Ramaco's strategic direction, particularly in investing in the metallurgical coal business and the Brook Mine rare earth and critical minerals project [4]. - The company has discovered a major deposit of primary magnetic rare earths and critical minerals at its mine near Sheridan, Wyoming, indicating potential for significant growth [5].
RAMACO RESOURCES, INC. ANNOUNCES CLOSING OF UPSIZED $200 MILLION PUBLIC OFFERING
Prnewswire· 2025-08-07 18:04
Core Viewpoint - Ramaco Resources, Inc. successfully closed a public offering of Class A common stock, raising approximately $200 million to fund its development projects and strategic growth opportunities [1][3]. Group 1: Offering Details - The company sold 10,666,667 shares of Class A common stock at a price of $18.75 per share, resulting in gross proceeds of around $200 million before expenses [1]. - Yorktown Energy Partners, as selling stockholders, granted underwriters a 30-day option to purchase additional shares worth up to $30 million, which was fully exercised [2]. - The sale of additional shares is expected to be completed on August 8, 2025, with no proceeds going to the company from this sale [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to accelerate the development of the company's rare earth elements and critical minerals project, as well as for strategic growth opportunities and general corporate purposes [3]. Group 3: Company Overview - Ramaco Resources operates in southern West Virginia and southwestern Virginia, focusing on high-quality metallurgical coal and developing rare earth and critical minerals in Wyoming [6]. - The company has four active metallurgical coal mining complexes and is in the initial stages of production for a rare earth and coal mine in Wyoming, where a significant deposit of primary magnetic rare earths was discovered [6].
RAMACO RESOURCES, INC. ANNOUNCES PRICING OF UPSIZED $200 MILLION PUBLIC OFFERING
Prnewswire· 2025-08-06 02:06
Core Viewpoint - Ramaco Resources, Inc. has announced an upsized underwritten public offering of Class A common stock, aiming to raise approximately $200 million through the sale of 10,666,667 shares at a price of $18.75 per share [1][3]. Offering Details - The offering includes a 30-day option for underwriters to purchase an additional $30 million of Class A common stock at the public offering price [2]. - The offering is expected to close on August 7, 2025, pending customary closing conditions [3]. Use of Proceeds - The net proceeds from the offering will be utilized to accelerate the development of the company's rare earth elements and critical minerals project, pursue strategic growth opportunities, and for general corporate purposes [3]. Company Background - Ramaco Resources, Inc. operates in southern West Virginia and southwestern Virginia, focusing on high-quality, low-cost metallurgical coal and is developing coal, rare earth, and critical minerals in Wyoming [7]. - The company has four active metallurgical coal mining complexes and is in the initial stages of production for a rare earth and coal mine in Wyoming, where a significant deposit of primary magnetic rare earths was discovered [7].
RAMACO RESOURCES, INC. ANNOUNCES COMMENCEMENT OF PROPOSED $150 MILLION PUBLIC OFFERING OF CLASS A COMMON STOCK
Prnewswire· 2025-08-05 20:21
Core Viewpoint - Ramaco Resources, Inc. has initiated a $150 million underwritten public offering of its Class A common stock to fund the development of its rare earth elements and critical minerals project, along with other strategic growth opportunities and general corporate purposes [1][2]. Group 1: Offering Details - The offering includes a 30-day option for underwriters to purchase an additional $22.5 million of Class A common stock at the public offering price, less underwriting discounts [1]. - Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are the lead joint book-running managers for the offering [3]. - A shelf registration statement for the offered securities was filed with the SEC and became effective on August 5, 2025 [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to accelerate the development of the company's rare earth elements and critical minerals project, pursue strategic growth opportunities, and for general corporate purposes [2]. Group 3: 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 [6]. - 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 [6]. - In 2023, a major deposit of primary magnetic rare earths and critical minerals was discovered at the Wyoming mine, and the company holds approximately 76 intellectual property patents and related agreements [6].