Rare earth and critical minerals

Search documents
RAMACO RESOURCES, INC. ANNOUNCES CLOSING OF UPSIZED $200 MILLION PUBLIC OFFERING
Prnewswire· 2025-08-07 18:04
Core Viewpoint - Ramaco Resources, Inc. successfully closed a public offering of Class A common stock, raising approximately $200 million to fund its development projects and strategic growth opportunities [1][3]. Group 1: Offering Details - The company sold 10,666,667 shares of Class A common stock at a price of $18.75 per share, resulting in gross proceeds of around $200 million before expenses [1]. - Yorktown Energy Partners, as selling stockholders, granted underwriters a 30-day option to purchase additional shares worth up to $30 million, which was fully exercised [2]. - The sale of additional shares is expected to be completed on August 8, 2025, with no proceeds going to the company from this sale [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to accelerate the development of the company's rare earth elements and critical minerals project, as well as for strategic growth opportunities and general corporate purposes [3]. Group 3: Company Overview - Ramaco Resources operates in southern West Virginia and southwestern Virginia, focusing on high-quality metallurgical coal and developing rare earth and critical minerals in Wyoming [6]. - The company has four active metallurgical coal mining complexes and is in the initial stages of production for a rare earth and coal mine in Wyoming, where a significant deposit of primary magnetic rare earths was discovered [6].
RAMACO RESOURCES, INC. ANNOUNCES PRICING OF UPSIZED $200 MILLION PUBLIC OFFERING
Prnewswire· 2025-08-06 02:06
Core Viewpoint - Ramaco Resources, Inc. has announced an upsized underwritten public offering of Class A common stock, aiming to raise approximately $200 million through the sale of 10,666,667 shares at a price of $18.75 per share [1][3]. Offering Details - The offering includes a 30-day option for underwriters to purchase an additional $30 million of Class A common stock at the public offering price [2]. - The offering is expected to close on August 7, 2025, pending customary closing conditions [3]. Use of Proceeds - The net proceeds from the offering will be utilized to accelerate the development of the company's rare earth elements and critical minerals project, pursue strategic growth opportunities, and for general corporate purposes [3]. Company Background - Ramaco Resources, Inc. operates in southern West Virginia and southwestern Virginia, focusing on high-quality, low-cost metallurgical coal and is developing coal, rare earth, and critical minerals in Wyoming [7]. - The company has four active metallurgical coal mining complexes and is in the initial stages of production for a rare earth and coal mine in Wyoming, where a significant deposit of primary magnetic rare earths was discovered [7].
RAMACO RESOURCES, INC. ANNOUNCES COMMENCEMENT OF PROPOSED $150 MILLION PUBLIC OFFERING OF CLASS A COMMON STOCK
Prnewswire· 2025-08-05 20:21
Core Viewpoint - Ramaco Resources, Inc. has initiated a $150 million underwritten public offering of its Class A common stock to fund the development of its rare earth elements and critical minerals project, along with other strategic growth opportunities and general corporate purposes [1][2]. Group 1: Offering Details - The offering includes a 30-day option for underwriters to purchase an additional $22.5 million of Class A common stock at the public offering price, less underwriting discounts [1]. - Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are the lead joint book-running managers for the offering [3]. - A shelf registration statement for the offered securities was filed with the SEC and became effective on August 5, 2025 [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to accelerate the development of the company's rare earth elements and critical minerals project, pursue strategic growth opportunities, and for general corporate purposes [2]. Group 3: Company Overview - Ramaco Resources operates and develops high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and is also a developing producer of coal, rare earth, and critical minerals in Wyoming [6]. - The company has four active metallurgical coal mining complexes in Central Appalachia and is in the initial stages of production at a rare earth and coal mine near Sheridan, Wyoming [6]. - In 2023, a major deposit of primary magnetic rare earths and critical minerals was discovered at the Wyoming mine, and the company holds approximately 76 intellectual property patents and related agreements [6].
Update on Independent Preliminary Economic Assessment Report from Fluor Corporation
Prnewswire· 2025-07-08 20:30
Core Insights - Ramaco Resources, Inc. will receive a Preliminary Economic Assessment (PEA) of its Brook Mine from Fluor Corporation on July 9, 2025, which will be presented to the Board of Directors [1] - Following the presentation, Ramaco expects to release a summary of the updated information on its website within the week [1] Company Overview - Ramaco Resources, Inc. operates and develops high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and is also a developing producer of coal, rare earth, and critical minerals in Wyoming [2] - The company has four active metallurgical coal mining complexes in Central Appalachia and is in the initial stages of production at a coal mine and rare earth development near Sheridan, Wyoming [2] - In 2023, a major deposit of primary magnetic rare earths and critical minerals was discovered at the Wyoming mine [2] - Ramaco operates a carbon research and pilot facility related to the production of advanced carbon products and materials from coal, holding approximately 76 intellectual property patents and various licensing agreements [2]
Documents Available Regarding Ramaco's Brook Mine Rare Earth and Critical Minerals Project
Prnewswire· 2025-07-01 12:00
Company Overview - Ramaco Resources, Inc. operates and develops high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and is also a developing producer of coal, rare earth, and critical minerals in Wyoming [1] - The company has four active metallurgical coal mining complexes in Central Appalachia and one coal mine and rare earth development project near Sheridan, Wyoming, which is in the initial stages of production [1] - In 2023, a major deposit of primary magnetic rare earths and critical minerals was discovered at the Wyoming mine [1] Intellectual Property and Research - Ramaco Resources holds approximately 76 intellectual property patents, pending applications, exclusive licensing agreements, and various trademarks related to its operations [1] - The company operates a carbon research and pilot facility focused on producing advanced carbon products and materials from coal [1] Communication and Investor Relations - Additional information about Ramaco Resources, including filings with the Securities and Exchange Commission, is available on its website [1] - Investor relations can be contacted via email or phone for further inquiries [2]
Ramaco Chairman and CEO Scheduled to Appear on Fox Business Channel on April 10
Prnewswire· 2025-04-10 12:00
Group 1: Executive Orders and Industry Support - The CEO of Ramaco Resources, Randall Atkins, will discuss President Trump's recent executive orders that support the U.S. coal industry, emphasizing its importance to national security [2] - The executive orders direct the Department of Energy to promote new technological uses of coal and consider classifying metallurgical coal as a critical mineral [2] - The National Coal Council has been re-established by Secretary of Energy Chris Wright, which had its charter terminated under the previous administration [2] Group 2: Brook Mine Development - Ramaco Resources is developing the Brook Mine in Wyoming, which is the first new critical mineral and rare earth element mine in the U.S. in over 50 years [4] - The Brook Mine is recognized as the largest unconventional deposit of rare earth elements in the United States, containing critical minerals essential for technology and defense [4] - The mine has been highlighted in a Wall Street Journal article, which estimates its potential value at $37 billion [5] Group 3: Company Overview - Ramaco Resources operates and develops high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and is also a developing producer of coal and critical minerals in Wyoming [6] - 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 [6] - In 2023, a significant deposit of primary magnetic rare earths and critical minerals was discovered at the Wyoming mine, alongside a carbon research and pilot facility [6]