Ramaco Rare Earth Project Awarded $6.1 Million Matching Grant From Wyoming Energy Authority

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]