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) operates at the intersection of traditional metallurgical coal production and innovative rare earth element exploration. This page serves as the definitive source for official company announcements, operational updates, and strategic developments across both business segments.
Investors and industry observers will find timely updates on quarterly results, mine production levels, rare earth project advancements at the Wyoming-based Brook Mine, and partnerships in carbon technology research. The curated news collection enables stakeholders to track the company's dual focus: maintaining low-cost coal operations in Appalachia while pioneering novel mineral extraction methods.
Key content areas include earnings reports, asset acquisitions, rare earth resource assessments, and developments from the company's carbon research facility. All materials are sourced directly from official Ramaco Resources communications to ensure accuracy and compliance with disclosure standards.
Bookmark this page for streamlined access to METC's latest operational milestones, or subscribe to Stock Titan's alerts for immediate updates on material developments affecting this evolving natural resources enterprise.
Ramaco Resources (NASDAQ: METC) announced plans to open two new mines, increasing production capacity by 50% to approximately 3 million tons annually. The Board approved an $18 million expenditure, with production expected to begin in 2021. The Berwind slope will produce around 750,000 tons/year of low volatile coal by Q2 2022, while the Big Creek project aims for 150,000-200,000 tons/year by Q4 2021. The company anticipates an enhanced earning capacity starting in 2022, with a focus on low-cost production to capitalize on strengthening market conditions.
Ramaco Resources, Inc. (NASDAQ: METC) is set to announce its fourth quarter 2020 financial results on February 18, 2021, after market close. The earnings release will be available on the company's investor relations website. An investor conference call will take place on February 19, 2021, at 9 a.m. ET, featuring discussions by CEO Randall W. Atkins, COO Christopher L. Blanchard, and CFO Jeremy R. Sussman. Investors can access the call by phone or via a webcast. For further information, visit the company’s website.
Ramaco Resources (NASDAQ: METC) announced significant changes in its senior management and Board of Directors following a recent Board meeting. Effective December, Michael Bauersachs will step down as President and CEO, with Executive Chairman Randall Atkins taking over as CEO. New Executive Vice Presidents, Chris Blanchard and Jeremy Sussman, will lead Operations and Finance, respectively. Bauersachs will transition to Ramaco Royalties to focus on acquiring metallurgical coal reserves. The Board will also be expanded with three new independent members, enhancing governance and strategic direction.
Ramaco Resources reported a net loss of $4.8 million, or $0.11 per diluted share for Q3 2020, down from a net income of $5.5 million, or $0.14 per diluted share in Q3 2019. Adjusted EBITDA plunged to $0.6 million from $13.6 million year-over-year. Sales of produced tons rose 19% sequentially but fell 16% year-over-year. Revenue was $39.5 million, down 36% from Q3 2019. The firm anticipates year-end liquidity to exceed $30 million, leveraging strong September shipments despite force majeure notices impacting sales.
Ramaco Resources (NASDAQ: METC) is set to report its third quarter 2020 financial results on November 3, 2020, after the market closes. The earnings announcement will be published on the company's investor relations website. An investor conference call and webcast will follow on November 4, 2020, at 11 a.m. Eastern Time, with key executives discussing the results. Ramaco operates in high-quality, low-cost metallurgical coal in regions including southern West Virginia, southwestern Virginia, and southwestern Pennsylvania.
Ramaco Resources, Inc. (NASDAQ: METC) announced the appointment of Barkley J. Sturgill Jr. as its new senior vice president, general counsel, and secretary, effective September 2, 2020. Sturgill, who has over 30 years of legal experience in the natural resources sector, previously served at Arch Resources and has significant expertise in coal operations. His role will involve overseeing legal and regulatory matters as the company aims for growth in the metallurgical coal market. Executive Chairman Randall Atkins highlighted Sturgill's knowledge as a key asset for the company's expansion plans.
Ramaco Resources, Inc. (NASDAQ: METC) announced the resignation of Trent Kososki from its board of directors, effective August 14, 2020. Kososki was instrumental in Ramaco's formation and early public launch, having previously led the company's investment while at Energy Capital Partners. Randall Atkins, Executive Chairman, expressed gratitude for Kososki's contributions and wished him success in his new role at another private equity firm. Ramaco continues its operations in metallurgical coal across several states, maintaining five active mines from two complexes.
Ramaco Resources reported a net income of $2.7 million (EPS of $0.06) for Q2 2020, a decline from $10.6 million a year earlier. Adjusted EBITDA was $10.8 million, down from $19.1 million in Q2 2019. Revenue fell 45% year-over-year to $36.4 million, primarily due to lower sales volumes of 362,000 tons, down 27%. However, Ramaco has strengthened its liquidity with $31.8 million available and is expanding its international presence with new marketing agreements. The company anticipates cash generation from inventory builds in H2 2020.
Ramaco Resources (NASDAQ: METC) will announce its second quarter 2020 financial results on August 6, 2020, after market close. The earnings release will be accessible on the company's investor relations website. An investor conference call will be held on August 7, 2020, at 11 a.m. Eastern Time, featuring key executives discussing the results. The call can be accessed via phone or webcast. Ramaco Resources specializes in developing high-quality metallurgical coal in southern West Virginia, southwestern Virginia, and southwestern Pennsylvania.
Ramaco Resources (NASDAQ: METC) has established an exclusive marketing agreement with Australia's Square Resources to promote its metallurgical coal in Asian steel markets. The partnership aims to expand Ramaco's footprint in growing Asian markets amidst a decline in traditional U.S. coal export markets. Square Resources, with a robust coal marketing presence and over 9 million tons of existing sales, considers Ramaco a suitable U.S. partner due to its low-cost and high-quality coal production. The collaboration is effective immediately and might extend to other regions in the future.
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