Company Overview - Ramaco Resources, Inc. operates and develops high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and is emerging as a producer of rare earth elements and critical minerals [3] - The company has active mining complexes in Central Appalachia and the Brook Mine in Sheridan, Wyoming, where significant deposits of rare earth elements have been discovered [3] - Ramaco holds approximately 50 intellectual property patents, pending applications, exclusive licensing agreements, and various trademarks related to its operations [3] Leadership Changes - Aurelia Skipwith Giacometto has joined Earth & Water Law, LLC as a partner while continuing her role on the Board of Directors of Ramaco Resources [1][2] - Aurelia has over 20 years of experience in agriculture, wildlife conservation, and energy development, including her recent position as the 14th Secretary of the Louisiana Department of Environmental Quality [1] - The leadership of Aurelia has been recognized for driving innovation and fostering collaboration within the company, contributing significantly to its direction and success [2]

Revenue Performance - Revenue for the first three months of 2025 was $134.7 million, approximately 22% lower than the same period in 2024, driven by a decrease in pricing despite a 2% increase in tons sold [125]. - Total revenue for the three months ended March 31, 2025, was $134.7 million, a decrease of 22% compared to $172.7 million for the same period in 2024 [157]. - Non-GAAP revenue (FOB mine) for the three months ended March 31, 2025, was $115.6 million, down from $144.4 million in 2024, reflecting a decrease of approximately 20% [157]. - The average revenue per ton sold decreased by 24% from $186 in Q1 2024 to $142 in Q1 2025, attributed to variability in index-based pricing for export sales [128]. Sales and Production - The company sold 0.9 million tons of coal in Q1 2025, with 67% of revenue from export markets, compared to 0.9 million tons sold in Q1 2024, where 69% of revenue was from exports [115]. - The company produced 1.0 million tons in Q1 2025, up from 0.8 million tons in Q1 2024, with full-year production expected between 3.9 and 4.3 million tons [121]. - As of March 31, 2025, the company had outstanding performance obligations of approximately 1.5 million tons at an average fixed sales price of $154 per ton [118]. Financial Performance - Adjusted EBITDA for the three months ended March 31, 2025, was $9.8 million, significantly lower than $24.2 million in the same period of 2024, representing a decline of about 60% [156]. - The company reported a net loss of $9.5 million for the three months ended March 31, 2025, compared to a net income of $2.0 million in 2024 [156]. - Cash flows from operating activities were $26.0 million in Q1 2025, driven by net earnings adjusted for non-cash expenses [141]. Capital Expenditures - Total capital expenditures in Q1 2025 were $20.3 million, an increase from $18.7 million in Q1 2024, primarily due to strategic growth projects at the Maben preparation plant [120]. - Capital expenditures for the period totaled $20.3 million, with significant investments in the preparation plant and Maben complex expansion [145]. - Future capital expenditures may be adjusted based on liquidity needs and market conditions, with potential funding through debt or equity securities if cash flows are insufficient [147]. Cash and Financing - The company had $43.5 million in cash and cash equivalents and $74.9 million of remaining availability under its Revolving Credit Facility as of March 31, 2025 [140]. - Cash inflows from financing activities totaled $6.7 million, including net proceeds from borrowing of $15.9 million [145]. - The company filed a shelf registration statement on September 1, 2023, to sell securities with an aggregate initial offering price of up to $400 million [148]. Taxation - The effective tax rate for Q1 2025 was 31%, compared to 21% in Q1 2024, influenced by state taxes and non-deductible expenses [136]. Dividends - The company anticipates declaring similar dividends on a quarterly basis, with 20% of cash available for dividend for Class B common stock amounting to $1.9 million for the current period [144]. Grants and Development - The company received a $6.1 million matching grant from the Wyoming Energy Authority for the development of a pilot processing facility for rare earth elements and critical minerals [122]. Cost Efficiency - Non-GAAP cash cost per ton sold (FOB mine) was $98 for the three months ended March 31, 2025, down from $118 in 2024, indicating improved cost efficiency [158].

Guidance: Exhibit 99.1 RAMACO RESOURCES REPORTS FIRST QUARTER 2025 RESULTS LEXINGTON, KY., May 12, 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 months ended March 31, 2025. FIRST QUARTER 2025 HIGHLIGHTS MARKET COMMENTARY / 2025 OUTLOOK Sales and Marketin ...

Core Insights - Ramaco Resources, Inc. has appointed Michael Woloschuk as Executive Vice President for Critical Mineral Operations, bringing over 30 years of experience in the critical minerals industry [1][5][6] - Woloschuk previously served as Global Executive Director of Critical Minerals for Fluor Corporation and has been involved in the Brook Mine project [2][3] - The Brook Mine in Sheridan, Wyoming is positioned as a promising project for developing a domestic supply of critical minerals [6][7] Company Overview - Ramaco Resources, Inc. operates in the metallurgical coal sector and is emerging as a producer of rare earth elements and critical minerals [7] - The company has active mining complexes in Central Appalachia and the Brook Mine, where significant deposits of rare earth elements have been discovered [7] - Ramaco holds approximately 50 intellectual property patents and related agreements in connection with its operations [7] Leadership and Strategic Vision - Woloschuk's extensive background includes roles in mining companies, engineering firms, and private equity, providing a multi-disciplinary approach to project management [3][4] - The company views Woloschuk's appointment as a strategic boost and a sign of confidence in the Brook Mine's potential [5][6] - Woloschuk expressed excitement about contributing to Ramaco's strategic vision for the Brook Mine [6]

Core Viewpoint - Ramaco Resources, Inc. has appointed former U.S. Senator Joseph Manchin III as an independent member of its Board of Directors, effective April 18, 2025, bringing significant experience in energy policy and economic development to the company [1][2]. Group 1: Appointment and Background - Senator Manchin has extensive experience in energy policy, having served as a U.S. Senator, West Virginia Governor, and chairman of the Senate Energy and Natural Resources Committee, making him a strong advocate for the U.S. coal industry [2][3]. - His background includes membership in the Senate Appropriations and Armed Services Committees, further enhancing his understanding of national issues [2]. Group 2: Strategic Importance - Manchin's expertise will be crucial as Ramaco advances its rare earth element development in Wyoming, particularly in the context of national defense and critical mineral supply chains [3]. - His long-standing efforts to develop domestic critical mineral resources align with the company's goals to support America's economic and national security [3]. Group 3: Company Overview - Ramaco Resources 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 in Central Appalachia and is in the initial stages of production for a coal mine and rare earth development near Sheridan, Wyoming [5]. - In 2023, Ramaco discovered a major deposit of primary magnetic rare earths and critical minerals at its Wyoming mine, indicating significant growth potential [5].

LEXINGTON, Ky., March 18, 2025 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB) ("Ramaco Resources" or the "Company") today announced changes to its senior management and Board of Directors (the "Board").E. Forrest Jones, Jr., has been hired by the Company to serve as its new General Counsel, bringing a career of immense legal experience in the minerals and coal industry.  Mr. Jones has been a member of the Board since 2021 and resigned as a director of the Company effective March 14, 2025, to t ...

Revenue and Sales Performance - The company reported revenue of $666.3 million for 2024, a decrease of approximately 4% compared to $693.5 million in 2023, despite an increase in sales volume from 3.5 million tons to 4.0 million tons [497]. - The average revenue per ton sold decreased by 17% from $201 in 2023 to $167 in 2024, driven by volatility in index-based pricing for export sales [498]. - Non-GAAP revenue (FOB mine) decreased to $559.3 million in 2024 from $588.6 million in 2023, a decline of $29.4 million or 5% [515]. - Tons sold increased to 3.99 million in 2024, up by 534,000 tons or 15.5% from 3.46 million tons in 2023 [515]. - Total revenue for 2024 was $666,295, a decrease of 3.9% from $693,524 in 2023 [615]. Income and Profitability - Net income for 2024 was $11.2 million, significantly lower than $82.3 million in 2023, primarily due to decreased metallurgical coal price indices [494]. - Adjusted EBITDA for 2024 was $105.8 million, down from $182.1 million in 2023, reflecting the impact of lower coal prices and macroeconomic factors [494]. - Operating income decreased to $16,636 in 2024, compared to $95,245 in 2023, reflecting a decline of 82.5% [615]. - Net income for 2024 decreased to $11.2 million from $82.3 million in 2023, representing a decline of 86.4% [512]. - The company reported a basic earnings per share of $0.11 for Class A shares in 2024, down from $1.06 in 2023 [615]. Capital Expenditures and Investments - Total capital expenditures for 2024 were $68.8 million, down from $82.9 million in 2023, reflecting progress on strategic growth projects [488]. - The Company expects capital expenditures of approximately $60-70 million in 2025, including roughly $20 million for growth capital related to increasing production at the Elk Creek Complex and Berwind mine [551]. - The Company spent $68.8 million on capital additions in 2024, down from $82.9 million in 2023, reflecting substantial progress in production growth initiatives [550]. Debt and Financing - Interest expense decreased to approximately $6.1 million in 2024 from $8.9 million in 2023, primarily due to debt repayment from previous acquisitions [507]. - The company completed a debt offering of $57.5 million in Senior Unsecured Notes due 2029, with an interest rate of 8.375% per annum [535]. - The company repaid $38.2 million more in acquisition-related financing in 2023 compared to 2024, resulting in a net cash used for financing activities decrease of $31.7 million [524]. - The Company had no valuation allowance for deferred income taxes as of December 31, 2024 [574]. Assets and Liabilities - Total current assets decreased to $167,634 in 2024 from $189,739 in 2023, a decline of 11.6% [613]. - Total liabilities increased to $311,880 in 2024, up from $296,231 in 2023, an increase of 5.3% [613]. - The Company’s total costs and expenses increased to $649,659 in 2024 from $598,279 in 2023, an increase of 8.6% [615]. - The Company has a total of $158.4 million in significant contractual obligations as of December 31, 2024, with $20.2 million due in the next year [552]. Production and Operational Performance - The company produced 3.7 million tons of coal in 2024, an increase from 3.2 million tons in 2023, with expectations for 2025 production volumes between 4.2 and 4.6 million tons [489]. - Cost of sales increased by approximately 8% to $533.3 million in 2024, with cost per ton sold decreasing by 6% from $143 in 2023 to $134 in 2024 [500]. - Total inventories increased to $43,358,000 in 2024 from $37,163,000 in 2023, representing a growth of about 16% [633]. Market Conditions and Future Outlook - The company expects metallurgical coal prices to remain volatile in the near term due to macroeconomic conditions and reduced steel demand [498]. - The company is exposed to fluctuations in market pricing due to its shift towards more export sales, which increases revenue volatility [581]. - The company continues to assess its rare earth elements and critical minerals deposit in Wyoming, with plans to begin construction of a pilot processing facility in mid to late 2025 [491]. Internal Controls and Compliance - The Company has identified a material weakness in internal control over financial reporting due to insufficient accounting resources [600]. - The Company’s internal control over financial reporting was not effective as of December 31, 2024, based on the criteria established by COSO [598]. - The Company had no significant uncertain tax positions requiring liability recognition as of December 31, 2024, and 2023, indicating a strong compliance position [655].

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 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 rare earth and coal mine near Sheridan, Wyoming [5] Dividend Announcement - The Board of Directors declared a quarterly Class A common stock dividend of $0.06875 per share, payable in Class B common stock [2][4] - Shareholders of record on May 30, 2025, will receive the dividend on June 13, 2025, with no fractional shares issued; instead, cash will be paid for any fractional shares [3][2] Market Conditions - Current metallurgical coal market conditions are described as weak, with expectations for continued weakness in the coming months [4] - Despite the reduced dividend, the company maintains a roughly 3% dividend yield, which is the highest among publicly traded metallurgical coal peers [4] - The company remains cautiously optimistic about market strengthening in the second half of the year due to rising supply cuts in the metallurgical space [4]

Core Insights - Ramaco Resources, Inc. has received a $6.1 million matching grant from the Wyoming Energy Authority for its Wyoming CORE Brook Mine project, aimed at constructing a rare earth and critical minerals processing facility [1][3] - The Brook Mine is set to be the first new rare earth mine in the U.S. since 1952, positioning Wyoming as a key player in the supply of critical minerals [2][4] - The facility will utilize innovative technologies to produce concentrated mixed rare earth oxides from Wyoming's coal resources, with construction expected to begin in Fall 2025 [5] Company Overview - Ramaco Resources operates in southern West Virginia and southwestern Virginia, focusing on metallurgical coal and developing rare earth and critical minerals in Wyoming [7] - The company has discovered a significant deposit of primary magnetic rare earths and critical minerals at its mine near Sheridan, Wyoming, and operates a carbon research facility related to advanced carbon products [7] - Ramaco holds approximately 60 intellectual property patents and various licensing agreements related to its operations [7]

Financial Performance - In Q4 2024, Ramaco Resources achieved Adjusted EBITDA of $29.2 million, a 24% increase from $23.6 million in Q3 2024[3]. - Net income for Q4 2024 was $3.9 million, a significant increase of approximately 1,700% compared to a loss of $0.2 million in Q3 2024[3]. - Year-end liquidity reached a record $137.8 million, up over 50% from the previous year[32]. - Net income for 2024 was $11,192,000, a significant decrease of 86.4% compared to $82,313,000 in 2023[51]. - Adjusted EBITDA for 2024 was $105,792,000, down 41.8% from $182,126,000 in 2023[54]. Sales and Production - The company sold over 1.1 million tons of metallurgical coal in Q4 2024, marking a 10% increase compared to Q3 2024[9]. - Overall production for Q4 2024 was 954,000 tons, up 28% year-over-year from Q4 2023[26]. - The Elk Creek complex produced a record 672,000 tons, representing a 63% increase from the previous year[27]. - Full-year 2024 production was 3,671,000 tons, with guidance for 2025 set at 4,200,000 to 4,600,000 tons[37]. - Committed sales volume for 2025 is 3.5 million tons, with an average price of $145 per ton[40]. Costs and Margins - Non-GAAP cash cost per ton sold decreased by $6 per ton, or 6%, to $96 per ton in Q4 2024, down from $102 per ton in Q3 2024[3]. - Cash costs were $96 per ton sold, a 10% decrease from the same period in 2023[28]. - Cash margins decreased to $33 per ton, down from $68 per ton in Q4 2023[29]. - The company expects to maintain cash margins of $33 per ton sold in Q4 2024, down just $1 per ton from Q3 2024[10]. Market Conditions - The metallurgical coal indices declined by $12 per ton, or 6%, in Q4 2024 compared to Q3 2024, and by $80 per ton, or 30%, compared to Q4 2023[3]. - U.S. metallurgical coal pricing fell to $129 per ton, a 26% decrease compared to $175 per ton in Q4 2023[28]. - Non-GAAP revenue per ton sold (FOB mine) decreased to $129 in Q4 2024 from $175 in Q4 2023, a decline of 26.29%[55]. Capital Expenditures and Assets - Capital expenditures for Q4 2024 totaled $11.9 million, down from $18.0 million in Q4 2023[33]. - Capital expenditures for 2024 were $55,236,000, down from $82,904,000 in 2023, a decrease of 33.6%[51]. - Total assets increased to $674,686,000 in 2024 from $665,836,000 in 2023, representing a growth of 1.28%[49]. - Total current liabilities decreased to $122,428,000 in 2024 from $169,986,000 in 2023, a reduction of 28%[49]. Future Outlook - The company anticipates tons sold in Q1 2025 to be between 850,000 and 950,000, with a projected 33% increase in shipments for Q2 2025[7]. - Ramaco plans to commence full-scale mining for rare earth and critical minerals by July 2025, following positive preliminary results from testing[20]. Taxation - The effective tax rate for full-year 2024 was 25%, with Q4 2024 tax expense recognized at $2.2 million[34].