Ramaco Res Inc Stock Price, News & Analysis

Ramaco Resources (NASDAQ: METC) has appointed Michael Woloschuk as Executive Vice President for Critical Mineral Operations to lead the Brook Mine rare earth and critical mineral project in Wyoming. Woloschuk, with over 30 years of industry experience, joins from Fluor Corporation where he served as Global Executive Director of Critical Minerals.

Woloschuk's extensive background includes leadership roles in mining companies, engineering firms, and mining-focused private equity. He holds chemistry and chemical engineering degrees from the University of Saskatchewan and will relocate from Brisbane, Australia, to work from both Lexington, Kentucky, and Sheridan, Wyoming.

The appointment is significant as Woloschuk has been directly involved in the Brook Mine project's development through Fluor since 2024, working on testing, engineering, design, and feasibility studies.

Ramaco Resources (NASDAQ: METC) reported Q1 2025 results with a net loss of $9.5 million and EPS of -$0.19. Despite challenging market conditions, the company achieved Adjusted EBITDA of $9.8 million and record quarterly production annualizing to 4.0 million tons. Key metrics include cash cost per ton of $98 (down $20 YoY) and cash margins of $24 per ton. The company declared a quarterly dividend of $0.1811 for Class B shares. Due to weak market conditions, Ramaco reduced its 2025 guidance: production to 3.9-4.3 million tons (from 4.2-4.6M) and sales to 4.1-4.5 million tons (from 4.4-4.8M). The company has secured commitments for 3.7 million tons (90% of 2025 guidance). Notably, Ramaco is advancing its rare earth elements (REE) project at Brook Mine in Wyoming, with large-scale mining starting June 2025. The project's TREO is estimated at 1.7 million tons, with projected commercial production of 1,400 metric tons of critical mineral oxides annually starting 2028.

Ramaco Resources (NASDAQ: METC, METCB) has scheduled the release of its first quarter 2025 financial results for Monday, May 12, 2025, before market opening. The company will make the earnings release available on their investor relations website and major financial platforms.

A conference call and webcast are planned for 11:00 a.m. Eastern Time on the same day. Key executives participating include:

• Randall W. Atkins - Chairman and CEO
• Christopher L. Blanchard - EVP for Mine Planning & Development
• Jeremy R. Sussman - EVP & CFO
• Jason T. Fannin - EVP & Chief Commercial Officer

Investors can join the conference call by dialing 1-877-317-6789 (domestic) or 1-412-317-6789 (international). The webcast will be accessible through a dedicated link provided by the company.

Ramaco Resources (NASDAQ: METC) has appointed former U.S. Senator Joseph Manchin III to its Board of Directors as an independent member, effective April 18, 2025. Manchin, who previously served as West Virginia Governor, Secretary of State, and Chairman of the Senate Energy and Natural Resources Committee, brings extensive experience in energy policy and economic development.

The appointment aligns with Ramaco's strategic focus on metallurgical coal production and rare earth element development in Wyoming. Manchin's background in national defense and critical mineral supply chains, along with his experience on the Senate Appropriations and Armed Services Committees, is expected to provide valuable guidance as the company expands its role in developing domestic-sourced minerals critical to national security.

Ramaco Resources (NASDAQ: METC) Chairman and CEO Randall Atkins is scheduled for an interview on Fox Business Channel's Varney & Co. program on April 10, 2025.

The discussion will focus on President Trump's recent executive orders regarding coal, which direct the Department of Energy to explore new technological uses of coal and consider classifying metallurgical coal as a critical mineral. Following these orders, the National Coal Council has been re-established under Energy Secretary Chris Wright.

Atkins will also discuss the development of Ramaco's Brook Mine in Wyoming, potentially the first new critical mineral and rare earth element mine in the U.S. in over 50 years. Federal researchers have identified it as the largest unconventional REE deposit in the United States, containing critical minerals essential for technology and defense purposes, many currently under Chinese export restrictions. The Wall Street Journal has highlighted this project in an article titled 'The $2 Million Coal Mine That Might Hold a $37 Billion Treasure'.

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.