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Ramaco Resources, Inc. (NASDAQ: METC) has hired Evan H. Jenkins, former Chief Justice of the West Virginia Supreme Court, as its new General Counsel. The company also announced the promotion of Tyler Adkins to Senior Vice President of Law. Jenkins brings extensive legal and legislative experience to Ramaco, having served in various government and business roles. The company also declared a quarterly cash dividend for Class B shares and announced a 10% increase in the Class A dividend.
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End-of-Day
-4.64%
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Ramaco Resources, Inc. (NASDAQ: METC) has hired Dr. Alex Moyes as director of Critical Minerals and Planning to oversee the company's expanding rare earth element (REEs) operations. Dr. Moyes will work with Ramaco's existing research team to manage the geological and chemical assessment of REEs located at Ramaco's Brook Mine near Sheridan, Wyoming, as well as the planning and execution of the eventual extraction of these elements. The Brook Mine may contain the largest unconventional deposit of REEs discovered to date in the United States, and the company has been developing the extent of the REE deposit over the past several years in association with government researchers and mining consultancy. Moyes brings a deep background in operations management and data-driven production to his new position, including formerly as Director of Geoscience and Engineering at Dominion Energy and Vice President of Economics and Planning at FREYR Battery. The Brook Mine will potentially be the first magnetic rare earth element mine opened in the United States in decades, presenting an exciting but formidable opportunity.
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0.63%
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Ramaco Resources, Inc. (NASDAQ: METC) Chairman and CEO Randall Atkins is scheduled to appear for interviews at two United Kingdom television outlets to discuss Ramaco's Brook Mine project, the discovery of rare earth elements, and the company's overall metallurgical coal business.
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10.25%
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Ramaco Resources, Inc. (NASDAQ: METC) announced an increase in the Class A dividend by 10% and provided initial 2024 guidance. The company expects production volumes between 3.9 – 4.4 million tons, with sales commitments of over 2 million tons for delivery in 2024. They also anticipate sales to exceed production by at least 0.2 million tons and provided updates on cash cost of sales, capital expenditures, administrative costs, and rare earth element exploration.
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Ramaco Resources, Inc. (NASDAQ: METC) Chairman and CEO Randall Atkins is set to appear on Bloomberg TV's 'Bloomberg Markets The Close' for an interview with hosts David Westin and Romaine Bostick. This follows the recent Wall Street Journal profile titled 'The $2 Million Coal Mine That Might Hold a $37 Billion Treasure' and appearances on CNBC and Fox Business Channel, focusing on Ramaco's Brook Mine project and the discovery of rare earth elements at the site.
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End-of-Day
3.59%
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Ramaco Resources, Inc. (METC) congratulates board member Aurelia Skipwith Giacometto on her appointment as Secretary of the Louisiana Department of Environmental Quality. Giacometto, a biologist, lawyer, and conservationist, previously served as Director of the United States Fish and Wildlife Service (FWS) and CEO of the International Order of T. Roosevelt. She will bring her expertise in science and conservation to serve the people of Louisiana.
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1.75%
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Ramaco Resources, Inc. (NASDAQ: METC) to be featured on CNBC and Fox Business Channel following the coverage of their Brook Mine project and rare earth elements discovery.
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4.75%
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METC - Ramaco Resources, Inc. Reports $19.5 Million Net Income in Q3 2023, 39% Increase in Tons Sold, and $50 Million Debt Repayment
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2.45%
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Ramaco Resources, Inc. (NASDAQ: METC) has received the Sentinels of Safety Award for mine safety for the second consecutive year. The Elk Creek plant was recognized as the top performer in the Large Coal Processing category, working 219,292 injury-free hours. Ramaco also received additional awards from the Virginia Department of Energy for Excellence in Mining, Reclamation, and Safety. The company's operations at Mudlick Creek and Jamison Creek Impoundment were recognized, and the Big Creek Surface Mine received Awards of Excellence in Safety.
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-0.08%
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Ramaco Resources, Inc. (NASDAQ: METC) will report third quarter 2023 financial results on November 7, 2023. The earnings news release will be available on the Company's investor relations website and major financial information sites. An investor conference call and webcast will be held on November 8, 2023, where key executives will discuss the results. In addition, the company's executives will participate in upcoming investor conferences.
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Rhea-AI Sentiment
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3.9%
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Ramaco Resources, Inc.
Nasdaq:METC
METC Rankings
METC Stock Data
690.16M
31.45M
10.6%
75.11%
7.65%
Bituminous Coal and Lignite Surface Mining
Mining, Quarrying, and Oil and Gas Extraction
United States of America
LEXINGTON
About METC
ramaco resources, inc. produces and sells metallurgical coal the company's development portfolio includes the elk creek project consisting of approximately 20,552 acres of controlled mineral and 24 seams located in southern west virginia; the berwind coal property comprising approximately 31,200 acres of controlled mineral and an area of squire jim seam coal deposits, which is situated on the border of west virginia and virginia; the knox creek property consisting of approximately 61,343 acres of controlled mineral that is located in virginia; and the ram mine property comprising approximately 1,567 acres of controlled mineral, which is situated in southwestern pennsylvania. the company serves blast furnace steel mills and coke plants in the united states, as well as international metallurgical coal consumers. the company was founded in 2015 and is headquartered in lexington, kentucky.