Core Viewpoint - Ramaco Resources, Inc. is facing a class action lawsuit due to allegations of misleading statements regarding the development of its Brook Mine, which is central to its pivot into rare earth minerals [1][4]. Group 1: Class Action Details - The class action is on behalf of investors who purchased securities between July 31, 2025, and October 23, 2025, with a deadline for filing a lead plaintiff motion set for March 31, 2026 [1]. - Investors are encouraged to contact the Portnoy Law Firm for legal rights discussions and case evaluations [2]. Group 2: Company Operations - Ramaco Resources primarily engaged in the development, operation, and sale of metallurgical coal but shifted focus to rare earth minerals in 2025, with the Brook Mine being a key project [3]. - The company allegedly broke ground on the Brook Mine on July 11, 2025, but claims of significant mining activity have been disputed [4]. Group 3: Allegations and Impact - The lawsuit claims that Ramaco Resources made false statements about the progress at the Brook Mine, asserting that no significant mining activities occurred post-groundbreaking [4]. - A report by Wolfpack Research on October 23, 2025, labeled the Brook Mine a "hoax," leading to a nearly 10% drop in Ramaco Resources' share price [5].
Portnoy Law Firm Announces Class Action on Behalf of Ramaco Resources, Inc. Investors