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].
Former U.S. Senator Joseph Manchin III Joins Board of Directors of Ramaco Resources Inc.