Welcome to our dedicated page for Ramaco Res news (Ticker: METC), a resource for investors and traders seeking the latest updates and insights on Ramaco Res stock.
Ramaco Resources, Inc. (NASDAQ: METC, METCB) generates news across metallurgical coal, rare earth elements and critical minerals, as reflected in its public disclosures and press releases. The company reports that it operates and develops high-quality, low-cost metallurgical coal mines in southern West Virginia and southwestern Virginia, and is advancing a coal, rare earth and critical mineral project at its Brook Mine near Sheridan, Wyoming. These activities place Ramaco in the bituminous coal and lignite surface mining industry and at the intersection of coal and critical mineral development.
News about Ramaco often covers developments in its Central Appalachian metallurgical coal complexes, including operational updates and capital allocation decisions such as stock dividends on its Class B common stock and a share repurchase program for its Class A common stock. Filings and releases also describe financing transactions, including amendments to a revolving credit facility with a bank syndicate and the issuance of 0% convertible senior notes due 2031 with related capped call transactions.
Another key theme in Ramaco’s news flow is the Brook Mine rare earth elements and critical minerals project. Company announcements highlight the discovery of a major deposit of primary magnetic rare earths and critical minerals, the start of mining and pilot processing construction, and initiatives such as an Umbrella Cooperative Research and Development Agreement with the U.S. Department of Energy’s National Energy Technology Laboratory. Ramaco has also reported a non-binding memorandum of understanding with Mulberry Industries to negotiate an offtake partnership for customized rare earth oxide blends, and an initiative to establish a Strategic Critical Minerals Terminal at the Brook Mine with Goldman Sachs & Co. LLC acting as exclusive structuring agent.
Investors following METC news can review company releases for updates on metallurgical coal operations, rare earth and critical mineral development, financing activities, strategic partnerships, board and policy-related appointments, and shareholder communications such as Brook Mine FAQ postings. This news page provides a centralized view of Ramaco’s reported corporate, operational and project-related events over time.
Ramaco Resources (NASDAQ: METC) has announced key changes to its executive leadership and Board of Directors. E. Forrest Jones, Jr., who has served as a board member since 2021, will become the company's new General Counsel effective May 1, 2025. Jones resigned from the Board on March 14, 2025, and was honored with the title of Director Emeritus.
Additionally, Evan H. Jenkins, who has served as General Counsel and Secretary since February 2024, has been elected to the Board and appointed as Vice-Chairman. Jenkins will step down as General Counsel when Jones assumes the role but will continue as Secretary. The Board maintains its structure with five independent and four non-independent directors.
Jones brings 37 years of experience as owner of Jones & Associates law firm, specializing in coal industry corporate and regulatory matters. Jenkins brings extensive public service experience, including roles as Chief Justice of the West Virginia Supreme Court and U.S. Congressman.
Ramaco Resources (NASDAQ: METC) has announced its second quarter fiscal year 2025 dividend for Class A common shares. The Board declared a quarterly dividend of $0.06875 per share, to be paid in Class B common stock on June 13, 2025, to shareholders of record as of May 30, 2025.
The payment will be calculated by dividing $0.06875 by the closing price of Class B stock on May 30, 2025. Any fractional shares will be paid in cash based on the closing price on the record date.
CEO Randall Atkins cited weak metallurgical coal market conditions as the reason for reducing the dividend and paying it in stock to maintain liquidity. Despite the reduction, the approximately 3% dividend yield remains the highest among publicly traded metallurgical coal peers. The company expects market weakness to persist for several months but anticipates potential strengthening in the second half of the year due to supply rationalization.
Ramaco Resources (NASDAQ: METC) has secured a $6.1 million matching grant from the Wyoming Energy Authority for its Wyoming CORE Brook Mine project. The funding will support the construction of a rare earth and critical minerals pilot processing facility near Sheridan, Wyoming.
The Brook Mine, spanning 16,000 acres, is positioned to become the first new rare earth mine in the United States since 1952. The U.S. Department of Energy's National Energy Technology Laboratory has identified it as one of the largest unconventional deposits of these elements globally.
The planned facility, scheduled to begin construction in Fall 2025, will be the first in the nation to utilize advanced technologies for converting carbon ores through beneficiation and hydrometallurgy to produce mixed rare earth oxides. The project aims to extract valuable rare earth elements (REE) and critical minerals from unconventional coal and carbonaceous ore deposits.
Ramaco Resources (NASDAQ: METC) reported its Q4 and full-year 2024 results, achieving its strongest quarter despite challenging market conditions. The company posted Q4 Adjusted EBITDA of $29.2 million, up 24% from Q3, with record quarterly sales exceeding 1.1 million tons.
Key Q4 metrics include: net income of $3.9 million (vs. -$0.2M in Q3), Class A diluted EPS of $0.06, and reduced cash cost per ton to $96 (down 6% from Q3). For 2025, Ramaco has secured commitments for 3.5 million tons (80% of production guidance), with 1.6M tons committed to North American customers at $152/ton average price.
The company maintained strong liquidity of nearly $140 million at year-end, despite metallurgical coal indices declining 32% throughout 2024. Operations showed significant improvement with mine costs dropping from $120/ton in March 2024 to $94/ton in December, representing a 25% reduction.
Ramaco Resources (NASDAQ: METC) has scheduled its fourth quarter and full year 2024 financial results announcement for Monday, March 10, 2025, after market close. The company will host an investor conference call and webcast on Tuesday, March 11, 2025, at 9:00 a.m. Eastern Time.
Key executives participating in the discussion include Randall W. Atkins (Chairman and CEO), Christopher L. Blanchard (EVP for Mine Planning & Development), Jeremy R. Sussman (EVP & CFO), and Jason T. Fannin (EVP & Chief Commercial Officer). The earnings release will be available on Ramaco's investor relations website.
Investors can access the conference call by dialing 1-877-317-6789 (domestic) or 1-412-317-6789 (international). A webcast will also be available through the company's designated portal.
Ramaco Resources (NASDAQ: METC) has announced details for its first quarter 2025 Class A common stock dividend. The company will distribute a quarterly dividend of $0.1375 per share of Class A common stock, payable on March 14, 2025, to shareholders of record as of February 28, 2025.
The dividend will be paid in Class B common stock, with Class A stockholders receiving 0.015537 shares of Class B common stock for each Class A share held. This ratio was determined using the Class B closing price of $8.85 per share on February 28, 2025. Instead of issuing fractional shares, the company will provide cash payments based on the fair value determined at the Record Date closing price.
Ramaco Resources (NASDAQ: METC) has announced its first quarter cash dividend for Class B common stock. The Board of Directors declared a quarterly cash dividend of $0.1971 per share on Class B common stock, payable on March 14, 2025, to shareholders of record on February 28, 2025.
Additionally, the company previously announced a quarterly Class A dividend of $0.1375 per share for the first quarter of 2025, which will be paid in Class B common stock. This Class A dividend shares the same payment and record dates as the Class B dividend.
Ramaco Resources (NASDAQ: METC) has announced its initial guidance for 2025, projecting sales volumes between 4.4-4.8 million tons with potential to reach 5 million tons based on market conditions. Production volumes are expected between 4.2-4.6 million tons, representing a 15% growth from 2024 levels.
The company has secured 2025 sales commitments of 2.9 million tons (66% of expected production), including 1.6 million tons to North American customers at $152 per ton and 1.3 million tons for export at index-linked pricing. Cash cost of sales is projected at $97-$103 per ton.
Additionally, Ramaco declared a Q1 2025 Class A dividend of $0.1375 per share, payable in Class B shares on March 14, 2025. Capital expenditures for 2025 are estimated at $60-70 million, including $20 million for growth initiatives at Elk Creek and Berwind complexes.
Ramaco Resources (NASDAQ: METC) announced that Fluor 's interim preliminary techno-economic analysis confirms the commercial and technical feasibility of the Brook Mine rare earth elements (REE) project. The mine contains one of the world's largest unconventional deposits of REE and critical minerals from coal and carbonaceous ore.
Key findings indicate that scandium, gallium, and germanium oxides account for approximately 70% of potential revenue. The Brook Mine would be the only primary source mine globally for these elements. The project features soft, non-radioactive, friable rock, potentially enabling more efficient extraction at lower capital intensity compared to traditional hard rock mines.
Final preliminary techno-economic report is expected in Q1 2025, followed by a full scoping study in Q2 2025. Construction of a commercial pilot plant is planned to begin in second half of 2025.
Ramaco Resources (NASDAQ: METC) has completed a $50 million public offering of senior unsecured notes due 2029. The notes carry an 8.375% annual interest rate, payable quarterly starting January 30, 2025. Rated 'BBB' by Egan-Jones, the notes can be redeemed after November 30, 2026, at 100% of principal plus accrued interest. The company plans to use proceeds for general corporate purposes, including future investments, capital expenditures, and working capital. The notes will be listed on Nasdaq under symbol 'METCZ', with minimum denominations of $25.00.
FAQ
What is the current stock price of Ramaco Res (METC)?
What is the market cap of Ramaco Res (METC)?
