We came across a bearish thesis on Ramaco Resources, Inc. on Asymmetric Capital’s Substack by Srikanth Thangellamudi. In this article, we will summarize the bulls’ thesis on METC. Ramaco Resources, Inc.'s share was trading at $14.95 as of December 1st. METC’s trailing and forward P/E were 9.47 and 5.49 respectively according to Yahoo Finance. Jim Cramer Warns About NioCorp (NB)'s High Share Price Gains Ramaco Resources’ Brook Mine narrative is increasingly defined by its unproven rare-earth ambitions, ce ...

Group 1 - The aspiring miner has announced a deal with the government [1] - The company plans to develop a terminal for mineral storage [1] - The terminal will be available for use by other miners as well [1]

Core Insights - The White Mesa Mill in Utah is characterized by a significant presence of monazite ore, indicating a strong focus on rare earth elements and their extraction processes [1] Industry Overview - The mill's operations suggest a growing ambition within the rare earth elements sector, which is critical for various high-tech applications and green technologies [1] Company Activities - The storage of massive sacks of monazite ore at the mill highlights the scale of operations and the strategic importance of this resource in the current market [1]

Core Viewpoint - Energy Fuels' stock is experiencing a significant increase due to developments in its rare-earth operations rather than its uranium business [1][4]. Group 1: Stock Performance - As of 12:04 p.m. ET, shares of Energy Fuels are up 8.3%, having previously climbed as much as 11.6% [2]. Group 2: Rare-Earth Production - Energy Fuels has achieved the production of its first kilogram of dysprosium oxide at its White Mesa Mill in Utah, claiming to be the first U.S. company to produce high-purity dysprosium oxide and disclose production volumes and purities [4]. - The company is also exploring the production of terbium oxide and plans to develop these elements at a commercial scale, with production expected to start as soon as the fourth quarter of 2026 [5]. Group 3: Industry Context - The domestic production of rare-earth elements is a priority for the U.S. government, highlighted by a public-private partnership between the Department of Defense and MP Materials [6]. Group 4: Investment Considerations - The successful production of rare-earth elements strengthens the bullish case for Energy Fuels, although the company remains unprofitable and the development of the rare-earth elements separation facility involves significant capital expenditure [7].