Ramaco Res Inc - METC STOCK NEWS

Ramaco Resources, Inc. has released an independent Exploration Target report revealing that its Brook Mine in Wyoming may contain the largest unconventional deposit of rare earth elements (REEs) in the United States. The mine ranks among the highest concentrations of magnetic REEs, including Terbium and Dysprosium. The Brook Mine could be a promising deposit on a worldwide basis and could potentially increase the scale of development in the future. Ramaco plans to analyze the mining and processing plan for the REEs and conduct a comprehensive economic analysis.

Ramaco Resources, Inc. (NASDAQ: METC) has filed a definitive proxy statement with the SEC regarding a Special Meeting of Stockholders scheduled for June 12, 2023. The meeting aims to seek approval for the Charter Amendment Proposal, which includes reclassifying existing common stock to Class A common stock and introducing a new Class B common stock. Holders of pre-distribution common stock as of May 12, 2023, will receive a distribution of 0.2 shares of Class B common stock for each share held, payable on June 21, 2023, contingent upon shareholder approval. Investors are advised to read the entire proxy statement due to its significance regarding the proposed changes.

Randall Atkins, CEO of Ramaco Resources, has been appointed to the International Energy Agency’s Coal Industry Advisory Board. This board advises on global coal policies and projects. Atkins will advocate for alternative uses of coal, such as in carbon fiber and electric vehicle batteries. His appointment was supported by the U.S. Department of Energy and approved by the White House. The IEA aims to leverage coal in innovative ways, reflecting Atkins' long-standing vision of coal as a valuable resource beyond energy consumption. His leadership in Ramaco Carbon further emphasizes this approach, focusing on developing coal-based carbon products and critical minerals.

Ramaco Resources, Inc. (NASDAQ: METC) is set to release its first quarter 2023 financial results on May 3, 2023, after market close. The earnings report will be accessible on the Company's investor relations website. An investor conference call will be held on May 4, 2023, at 9:00 a.m. Eastern Time, featuring presentations from the Chairman, CEO, COO, and CFO. The call can be accessed via domestic and international numbers with a corresponding Conference ID. Ramaco Resources operates in the metallurgical coal sector, focusing on high-quality, low-cost production in West Virginia, Virginia, and Pennsylvania, with additional research initiatives in Wyoming. The company is also known for holding approximately 50 intellectual property patents related to advanced carbon products derived from coal.

Ramaco Resources, Inc. (NASDAQ: METC) declared a quarterly cash dividend of $0.1250 per share, payable on June 15, 2023, to shareholders on record by June 1, 2023. This announcement highlights the company's commitment to returning value to its shareholders while reinforcing its operational strength in producing high-quality, low-cost metallurgical coal in central and southern West Virginia, southwestern Virginia, and southwestern Pennsylvania. Ramaco continues to demonstrate confidence in its financial position by maintaining regular dividend payments.

Ramaco Carbon, in collaboration with Oak Ridge National Laboratory, is launching a two-year project to develop large-scale methods for producing graphite from coal, addressing the U.S.'s need for domestically sourced graphite for electric vehicle (EV) batteries. This initiative stems from a prior partnership focused on alternative coal uses and aims to make the U.S. less reliant on foreign graphite supply. The joint effort will utilize coal from Ramaco's parent company, enhancing potential cost-efficiency compared to petroleum-derived graphite. Successful commercialization could significantly impact the EV industry's supply chain and energy transition.