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Ramaco Posts FAQ Section on Website for Brook Mine Project
Prnewswire· 2025-11-13 13:00
Core Insights - Ramaco Resources, Inc. has launched a comprehensive FAQ section on its website to address shareholder inquiries regarding the Brook Mine rare earths and critical minerals project, reflecting the company's commitment to transparency as project development accelerates [1][2]. Company Overview - Ramaco Resources, Inc. operates and develops high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, while also developing coal, rare earth, and critical minerals in Wyoming [3]. - 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, where a significant deposit of primary magnetic rare earths was discovered in 2023 [3]. - Ramaco holds approximately 76 intellectual property patents and related agreements, supporting its innovative approaches in resource development [3]. Project Development - The FAQ section was created in response to shareholder feedback, emphasizing the unique nature of the Brook Mine and the company's desire to keep stakeholders informed about progress and plans [2]. - The Brook Mine project has a history of collaboration with the U.S. Department of Energy's National Energy Technology Laboratory, which has contributed to the discovery of rare earth elements [5]. - The company is currently constructing a pilot processing facility in Wyoming and a pilot prototype in Canada, indicating active steps towards operational readiness [5]. Financial Position - Recent financial transactions have positioned the company with record liquidity, enabling it to execute its rare earth and critical mineral projects effectively [5]. - The commercial aspects of rare earth elements and critical minerals, including the production potential of natural scandium found at the Brook Mine, highlight the project's economic viability [5].
Ramaco Resources to Collaborate with Goldman Sachs on Strategic Initiative to Establish First National Critical Minerals Stockpile
Prnewswire· 2025-10-31 12:00
Core Insights - Ramaco Resources, Inc. has announced the establishment of a Strategic Critical Minerals Terminal (SCMT) at its Brook Mine facility in Wyoming, with Goldman Sachs acting as the exclusive structuring agent [1][4] - The SCMT aims to address supply chain risks and ensure access to strategic materials, positioning Ramaco as a leading producer of critical minerals and rare earth elements (REEs) in the U.S. [1][4] Company Overview - Ramaco Resources operates and develops high-quality, low-cost metallurgical coal and is expanding into coal, rare earth, and critical minerals production in Wyoming [5] - The company has four active metallurgical coal mining complexes and is in the initial stages of production for a rare earth and coal mine near Sheridan, Wyoming [5] SCMT Initiative - The SCMT will provide long-term stockpiling, storage, and inventory management solutions for critical minerals and REEs, including tolling and value-added services for third-party producers [2] - The terminal is designed to ensure safe and secure inventory management, making materials available to consumers at market prices [2] Strategic Location - The Brook Mine site is strategically located with direct access to the BNSF railroad and proximity to a major interstate highway, facilitating efficient transportation to defense contractors and industrial consumers [3] Commitment to National Security - The initiative supports the strengthening of America's critical minerals supply chain, national security, and innovation in the rare earths industry [4]
Ramaco and U. S. Department of Energy's (DOE) National Energy Technology Laboratory (NETL) Execute Far-Reaching Strategic Agreement on Rare Earths and Critical Minerals
Prnewswire· 2025-10-30 21:15
Core Insights - Ramaco Resources, Inc. has signed a significant Umbrella Cooperative Research and Development Agreement (CRADA) with the U.S. Department of Energy's National Energy Technology Laboratory (NETL) to enhance research on rare earth elements and critical minerals [1][3][6] Company Developments - The CRADA aims to accelerate the discovery, mining, processing, and commercialization of rare earths and critical minerals at Ramaco's Brook Mine in Wyoming, which is believed to have the largest unconventional rare earth deposit in the U.S. [2][6] - The agreement will facilitate collaborative research projects focusing on advanced materials, carbon technologies, and coal derivatives, thereby strengthening U.S. competitiveness and supporting domestic manufacturing [3][4] Technological Integration - Ramaco and NETL will integrate advanced computing, artificial intelligence, and quantum technologies to enhance scientific workflows and expedite discoveries in rare earth and critical mineral development [4][6] - The initiative will leverage the expertise of the newly established Minerals to Materials Supply Chain Research Facility (METALLIC), which unites nine national laboratories to commercialize technologies in the rare earth sector [4][6] Research and Development Framework - The program is organized into four centers of expertise: Feedstock Beneficiation, Extraction and Separations, Refining, and Alloy Development and Advanced Manufacturing, each equipped for technology testing and validation [5][6] - The CRADA will remain effective for five years, allowing for multiple collaborative projects under its framework [6] Historical Context - NETL played a crucial role in the discovery of the rare earth deposit at Ramaco's Brook Mine in 2018 and has collaborated on various scientific and engineering projects since then [7][8]
Ramaco Chairman and CEO Randall Atkins to Appear on Bloomberg Television Europe and BBC 'Business Today' to Discuss U.S. Critical Mineral and Brook Mine Development
Prnewswire· 2025-10-10 12:00
Core Insights - Ramaco Resources is gaining media attention as its Chairman and CEO, Randall W. Atkins, is set to appear in interviews on Bloomberg Television and BBC News, highlighting the company's role in the U.S. critical mineral industry amid China's restrictions on rare earths [1][2]. Company Overview - Ramaco Resources, Inc. 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 and is in the initial stages of production for a rare earth and coal mine near Sheridan, Wyoming [5]. Brook Mine Project - The Brook Mine project in Sheridan, Wyoming, is significant as it is the first new rare earth mine in the U.S. in over 70 years and the first new coal mine in Wyoming in more than 50 years [3]. - The mine has garnered international attention due to the discovery of high concentrations of medium and heavy rare earth elements and critical minerals within coal seams [3]. Leadership and Industry Position - Randall W. Atkins is positioned as a leading voice in American mining and critical mineral resource independence, having recently spoken at the IEA-IEF-OPEC Symposium in Paris [4]. - His address emphasized the transformative role of coal in modern energy markets and Ramaco's leadership in rare earth development and carbon technologies [4].
Ramaco Resources' Randall Atkins to Address Global Energy Leaders at IEA-IEF-OPEC Symposium in Paris
Prnewswire· 2025-10-08 12:00
Core Insights - Ramaco Resources, Inc. is actively participating in the 7th IEA-IEF-OPEC Symposium on Gas and Coal Market Outlooks, emphasizing the importance of coal in the current energy landscape [1][6] - Randall W. Atkins, Chairman and CEO, will address the evolving role of coal, critical minerals, and artificial intelligence in energy markets [2][3] - The company is pioneering developments in coal and carbon products, as well as rare earth and critical minerals, which are crucial for future energy security [4][5] 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 [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 [7] - In 2023, Ramaco discovered a significant deposit of primary magnetic rare earths and critical minerals at its Wyoming mine, highlighting its role in energy security [7] Industry Context - The IEA-IEF-OPEC Symposium serves as a platform for experts and policymakers to discuss the future of gas and coal markets, reflecting a commitment to advancing dialogue on critical energy topics [6] - The event underscores the ongoing trilateral cooperation among the IEA, IEF, and OPEC, as mandated by G20 leaders, to address global energy challenges [1][6]
Ramaco Retains Hatch to Lead Pre-Feasibility Study for Brook Mine REE/CM Project
Prnewswire· 2025-09-04 20:05
Core Insights - Ramaco Resources, Inc. has engaged Hatch Ltd. to lead the Pre-Feasibility Study (PFS) for the Brook Mine rare earth elements and critical minerals project, marking a significant step in the project's development [1][2][3] Group 1: Project Development - Hatch was selected due to its technical expertise and proven experience in rare earth processing, which is crucial for the project's next phase [2][3] - The PFS will include test-work support, pilot plant design, and process flowsheet optimization, serving as a foundational document for future permitting and investment discussions [1][3][4] - The Brook Mine is estimated to contain 1.7 million tons of total rare earth oxide (TREO), with previous assessments confirming the project's commercial and technological feasibility [4] Group 2: Company Background - Ramaco Resources operates in southern West Virginia and southwestern Virginia, focusing on metallurgical coal and developing rare earth and critical minerals in Wyoming [5] - The company has four active metallurgical coal mining complexes and is in the initial stages of production for a rare earth and coal mine near Sheridan, Wyoming [5] - Ramaco holds approximately 76 intellectual property patents and related agreements, supporting its innovative approaches in the industry [5]
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].
Ramaco's Brook Mine Receives 5-Year Mining Permit
Prnewswire· 2025-07-29 12:00
Core Insights - Ramaco Resources, Inc. has received a second 5-year mine permit approval for the Brook Mine, allowing continued coal mining and reclamation activities across 4,548.8 acres in Wyoming [1][2] - The permit signifies compliance with regulatory requirements, enhancing stakeholder confidence in the company's operational capabilities [2] - The Brook Mine Carbon Ore Rare Earth project marks the first new rare earth mine in the U.S. in over 70 years and the first new coal mine in Wyoming in over 50 years, contributing to national efforts to reduce reliance on foreign critical minerals [3] Company Developments - Wyoming Governor Mark Gordon approved a $6.1 million Energy Matching Fund grant to support the construction of a pilot-scale processing facility at the Brook Mine, with construction set to begin later this year [4] - Ramaco Resources operates and develops high-quality metallurgical coal and is also a developing producer of coal, rare earth, and critical minerals in Wyoming [5] - The company has discovered a major deposit of primary magnetic rare earths and critical minerals at its mine near Sheridan, Wyoming, and operates a carbon research and pilot facility related to advanced carbon products [5]