Core Viewpoint - The Gross Law Firm is notifying shareholders of Ramaco Resources, Inc. (NASDAQ: METC) about a class action lawsuit related to misleading statements made by the company during a specified class period [1] Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from July 31, 2025, to October 23, 2025 [1] - Allegations include that the defendants did not commence significant mining activity at the Brook Mine after groundbreaking, and no active work was taking place at the site [1] - The company is accused of overstating development progress at the Brook Mine, leading to materially misleading statements about its business and operations [1] Next Steps for Shareholders - Shareholders who purchased shares during the class period are encouraged to register for the class action by March 31, 2026 [1] - Registration will provide access to portfolio monitoring software for status updates throughout the case lifecycle [1] Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices [1] - The firm seeks recovery for investors who suffered losses due to false or misleading statements that inflated the company's stock [1]

Core Viewpoint - A class action lawsuit has been filed against Ramaco Resources, Inc. on behalf of investors who purchased its securities during the specified class period, alleging misleading information regarding the company's mining operations [1][3]. Group 1: Lawsuit Details - The lawsuit claims that a report by Wolfpack Research on October 23, 2025, labeled Ramaco's Brook Mine as a "hoax" and a "Potemkin Mine," asserting that no significant mining activity had occurred since its groundbreaking in July 2025 [3]. - Following the publication of the report, Ramaco's stock price dropped by $3.81, nearly 10%, closing at $36.01 per share, with unusually high trading volume [3]. Group 2: Company Background - Ramaco Resources, Inc. is headquartered in Lexington, Kentucky, and focuses on coal and natural resources, developing mining operations and mineral projects in the United States [2].

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].

Financial Data and Key Metrics Changes - For Q4 2025, the company reported a net loss of $79 million, or $1.54 per dilutive share, and adjusted EBITDA of $103 million, which includes $25 million of fire and idle costs from Leer South and $11 million from West Elk [13][14] - For the full year 2025, the net loss was $153 million, or $2.98 per dilutive share, with adjusted EBITDA of $512 million, impacted by $101 million related to Leer South fire and idle costs and $11 million from West Elk idle costs [15][16] - The company returned a total of $245 million to stockholders in 2025, constituting nearly 100% of free cash flow generation [8][9] Business Line Data and Key Metrics Changes - The Leer South mine resumed longwall mining in mid-December 2025 after a combustion event in early 2025, achieving its production target in January 2026 [5][6] - The West Elk mine transitioned to the B seam, which has shown significantly improved mining conditions, and is expected to run at high productivity levels in 2026 [7][8] Market Data and Key Metrics Changes - U.S. utility coal consumption increased by 12% in 2025 compared to 2024, with coal-fired generation in the PJM and MISO areas rising over 19% and 15%, respectively [16][17] - Global coal demand rose by approximately 0.5% to 8.9 billion metric tons in 2025, indicating a multi-year growth pattern [18] Company Strategy and Development Direction - The company is focused on capturing synergies from the merger, operational excellence across its segments, and establishing a safety-driven culture [4][5] - The company plans to return approximately 75% of free cash flow to shareholders, with a significant portion directed to share repurchases and a quarterly dividend of $0.10 per share [8][9] - The company is also advancing efforts in rare earth elements and critical materials, with ongoing projects in the PRB and Northern Appalachia [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational performance for 2026, expecting strong results from both Leer South and West Elk mines [27][28] - The company anticipates a reduction in idling costs and an increase in insurance recovery compared to 2025, contributing to improved financial performance [24][28] Other Important Information - The company is benefiting from supportive coal policies under the current administration, including a production tax credit for coal and delayed retirements of coal-fired generation units [10][11] - The company is optimistic about the growth in demand for coal driven by the expansion of data centers, particularly in the Americas [17][18] Q&A Session Summary Question: Can you break out the high CV committed and priced for the PAMC portion? - The company has approximately 20.5 million tons committed for high CV, with 12 million domestic and 8.5 million for export, linked to API2 pricing [33][34] Question: What is the outlook for the order book in outer years? - The company contracted over 38 million tons last quarter, with pricing in contango for forward years [38][39] Question: What does the 45X credit mean for shareholder returns? - The company expects higher insurance proceeds and a reduction in idling costs, which will positively impact cash flow and shareholder returns [40][44] Question: How are synergies showing up in the P&L? - Synergies are primarily seen in headcount reductions and improved marketing and logistics, but overall market conditions have impacted their full realization [51][52] Question: What tangible steps have been taken to improve operational delivery for 2026? - The company has all assets running and has implemented schedule changes and production strategies to enhance efficiency [90][91]

Financial Data and Key Metrics Changes - For Q4 2025, the company reported a net loss of $79 million, or $1.54 per dilutive share, and adjusted EBITDA of $103 million, which includes $25 million of fire and idle costs from Leer South and $11 million from West Elk [13][14] - For the full year 2025, the net loss was $153 million, or $2.98 per dilutive share, with adjusted EBITDA of $512 million, impacted by $101 million related to Leer South fire and idle costs and $11 million from West Elk idle costs [15][16] - The company returned a total of $245 million to stockholders in 2025, constituting nearly 100% of free cash flow generation [8][9] Business Line Data and Key Metrics Changes - The Leer South mine resumed longwall mining in mid-December 2025 after a combustion event in early 2025, achieving its production target in January 2026 [5][6] - The transition to the B seam at West Elk has been completed, with the mine now running at high productivity levels after overcoming initial challenges [7][8] Market Data and Key Metrics Changes - U.S. utility coal consumption increased by 12% in 2025 compared to 2024, with coal-fired generation in the PJM and MISO areas rising over 19% and 15%, respectively [16][17] - Global coal demand rose by approximately 0.5% to 8.9 billion metric tons in 2025, continuing a multi-year growth trend [18] Company Strategy and Development Direction - The company is focused on capturing synergies from the merger, achieving operational excellence, and establishing a safety-driven culture [4][5] - The company plans to return approximately 75% of free cash flow to shareholders, with a significant portion directed to share repurchases and a quarterly dividend of $0.10 per share [8][9] - The company is also advancing efforts in rare earth elements and critical materials, with ongoing projects in the PRB and Northern Appalachia [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational outlook for 2026, expecting strong performance from both Leer South and West Elk mines [27][28] - The company anticipates a reduction in idling costs and an increase in insurance recovery compared to 2025, contributing to improved financial performance [24][28] Other Important Information - The company is benefiting from supportive public policy initiatives for coal, including a production tax credit and delayed retirements of coal-fired generation units [10][11] - The company is optimistic about the growth in demand for coal driven by data centers and AI, with significant increases in global data center capacity expected [17][18] Q&A Session Summary Question: Can you break out the high CV committed and priced for the PAMC portion? - The company has approximately 20.5 million tons committed for high CV, with 12 million domestic and 8.5 million for export, linked to API2 pricing [34][35] Question: What is the outlook for the order book in outer years? - The company contracted over 38 million tons last quarter, with pricing in contango for future years [39] Question: What does the 45X credit mean for shareholder returns? - The company expects higher insurance proceeds and a reduction in idling costs, which will positively impact cash flow and shareholder returns [43][44] Question: How are synergies showing up in the P&L? - Synergies are primarily seen in headcount reductions and improved marketing and logistics, although market conditions have impacted their full realization [52][54] Question: What tangible steps have been taken to improve operational delivery for 2026? - The company has all assets running and has implemented schedule changes and production strategies to enhance efficiency [90][91]

Financial Data and Key Metrics Changes - For Q4 2025, the company reported a net loss of $79 million, or $1.54 per dilutive share, with adjusted EBITDA of $103 million, which includes $25 million of fire and idle costs from Leer South and $11 million from West Elk [12] - For the full year 2025, the net loss was $153 million, or $2.98 per dilutive share, with adjusted EBITDA of $512 million, impacted by $101 million related to Leer South fire and idle costs and $11 million from West Elk idle costs [13] - The company returned a total of $245 million to stockholders in 2025, constituting nearly 100% of free cash flow generation [7][8] Business Line Data and Key Metrics Changes - The Leer South mine resumed longwall mining in mid-December 2025 after a combustion event in early 2025, achieving its production target in January 2026 [5] - West Elk transitioned to the B seam, which has significantly better mining conditions, and is now running at high productivity levels [6] Market Data and Key Metrics Changes - U.S. utility coal consumption increased by 12% in 2025 compared to 2024, with coal-fired generation in the PJM and MISO areas rising over 19% and 15%, respectively [14] - Global coal demand rose by approximately 0.5% to 8.9 billion metric tons in 2025, continuing a multi-year growth trend [16] Company Strategy and Development Direction - The company is focused on operational excellence, capturing synergies from the merger, and expanding its customer base for high-quality coal [4][5] - The company supports the Trump administration's initiatives to preserve and upgrade the U.S. coal fleet and expand coal exports [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational performance for 2026, expecting strong results from both Leer South and West Elk mines [24] - The company anticipates a significant reduction in merger-related expenses and an increase in insurance recovery compared to 2025 [21] Other Important Information - The company is advancing efforts in rare earth elements and critical materials, with ongoing projects in the PRB and Northern Appalachia [22][23] - Capital expenditures for 2026 are expected to be between $325 million and $375 million, with a focus on maintenance and growth initiatives [20] Q&A Session Summary Question: Can you break out the high CV committed and priced for PAMC coal? - The company has approximately 20.5 million tons committed for high CV, with 12 million domestic and 8.5 million for export, linked to API2 pricing [30] Question: What is the outlook for shareholder returns? - The company plans to continue returning 75% of free cash flow to shareholders, with expectations for increased returns in 2026 [40] Question: What are the expectations for unit costs in 2026? - The company expects unit costs to improve in 2026 compared to 2025, with a focus on operational efficiency and cost management [57][58] Question: How is the market for high-volume coal with Leer South ramping up? - The company is seeing increased appetite in Asian markets and anticipates contracting significant volumes, particularly linked to PLV prices [62]

Fourth Quarter 2025 Earnings Supplement February 12, 2026 FORWARD-LOOKING STATEMENTS This communication contains certain "forward-looking statements" within the meaning of federal securities laws. Forward-looking statements may be identified by words such as "years ahead," "look forward" and similar expressions. Forward-looking statements are not statements of historical fact and reflect Core's current views about future events. No assurances can be given that the forward-looking statements contained in thi ...

Core Insights - Core Natural Resources reported a net loss of $79.0 million, or ($1.54) per diluted share, in Q4 2025, despite generating revenues of $1.042 billion [1][3] - The company generated net cash provided by operating activities of $107.3 million and free cash flow of $27.0 million during the same quarter [1][2] - Core returned $26.8 million to stockholders in Q4 2025, totaling $245.1 million for the year [1][2] Operational Performance - The high calorific value thermal coal segment sold 7.8 million tons in Q4 2025, a 9% increase from Q3, with realized coal revenue per ton sold at $58.11 [1][2] - In the metallurgical segment, coking coal sales were 2.0 million tons, with realized coal revenue per ton sold at $114.25 [1][2] - The Powder River Basin segment reported sales volumes of 12.6 million tons, with realized coal revenue per ton sold increasing to $14.21 [1][2] Financial and Liquidity Update - As of December 31, 2025, Core had total liquidity of $948.9 million, including $432.2 million in cash [2][3] - The company announced a capital return framework targeting the return of around 75% of free cash flow to stockholders, primarily through share repurchases and a quarterly dividend of $0.10 per share [1][2] - Core has invested a total of $224.3 million to repurchase 3.1 million shares, representing approximately 6% of total shares outstanding [1][2] Market Dynamics - U.S. utility coal consumption increased by an estimated 45 million tons, or around 12%, in 2025, driven by robust power demand growth [2][3] - Global metallurgical coal markets are stabilizing, with premium low-vol coal prices in Queensland rising by approximately 25% to $250 per metric ton [2][3] - Core anticipates continued demand growth for thermal coal in the U.S. and a favorable long-term outlook for high-quality coking coals due to infrastructure investments in Southeast Asia [2][3] 2026 Guidance - Core expects to sell between 85.6 million to 91.4 million tons of coal in 2026, with specific targets for coking, high calorific value thermal, and Powder River Basin segments [2][3] - The company projects cash costs of coal sold per ton for metallurgical coal to be between $88.00 and $94.00, and for high calorific value thermal coal between $38.00 and $39.50 [2][3] - Capital expenditures for 2026 are estimated to be between $325 million and $375 million [2][3]

Core Viewpoint - The Gross Law Firm is notifying shareholders of Ramaco Resources, Inc. regarding a class action lawsuit due to alleged misleading statements and lack of significant mining activity at the Brook Mine during a specified period [1][3]. Group 1: Allegations - The complaint alleges that during the class period from July 31, 2025, to October 23, 2025, the defendants made materially false and misleading statements [3]. - Specific allegations include that defendants had not commenced significant mining activity at the Brook Mine after groundbreaking and that no active work was taking place at the site [3]. - As a result of these actions, the company is accused of overstating development progress at the Brook Mine, leading to misleading statements about its business and operations [3]. Group 2: Class Action Details - Shareholders who purchased shares of METC during the class period are encouraged to register for the class action, with a deadline set for March 31, 2026 [4]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [4]. - There is no cost or obligation for shareholders to participate in this case [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit and illegal business practices [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that inflated stock prices [5].

Flash | 05 Feb 2026 05:20:51 ET │ 9 pages China Materials 2026 On-ground Demand Monitor Series #19 – Thermal Coal Production and Inventory CITI'S TAKE In this series of notes, we aim to track and analyze high-frequency on- ground demand trends in China. In this note, we enclose weekly data from Sxcoal, a consultant, on 100 sample China thermal coal mines' production and inventory data during the week of 29th Jan to 4th Feb 2026. Latest Sector pecking order: Aluminum, Copper, Battery, Gold, Battery Materials ...