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) has signed a $30 million Securities Purchase Agreement to acquire 100% of Maben Coal LLC. The deal includes $9 million in cash and $21 million financed through a secured note. Maben holds approximately 33 million tons of coal reserves in West Virginia, with initial production expected to yield 25,000 tons in late 2022 and ramp up to 250,000 tons annually through 2023. Additionally, Ramaco plans to expand its Elk Creek preparation plant's capacity from 2.1 to 3.0 million tons, involving a $5 million investment in 2022.
Ramaco Resources, Inc. (NASDAQ: METC) will report its second quarter 2022 financial results on August 8, 2022, after market close. The earnings release will be available on their investor relations website. An investor conference call will take place on August 9, 2022, at 9:00 a.m. ET, featuring key executives who will discuss the results. For access, dial (877) 300-8521 (US) or (412) 317-6026 (International) with Conference ID 10169849. More details can be found at www.ramacoresources.com.
Ramaco Resources, Inc. (NASDAQ: METC) has declared a $5.0 million cash dividend for the third quarter of 2022, amounting to approximately $0.11 per common share. This dividend will be distributed on September 15, 2022, to shareholders on record by September 1, 2022. The company continues to focus on operating and developing high-quality metallurgical coal in West Virginia, Virginia, and Pennsylvania.
On July 10, 2022, Ramaco Resources (NASDAQ: METC) reported a significant methane ignition at its Berwind mining complex while the mine was idle, with no injuries or fatalities. The cause remains unknown, and an investigation is underway with state and federal regulators. Production is expected to be affected for an indeterminate duration. The company will assess the damage and share future plans for rehabilitation and restarting operations as information becomes available.
Ramaco Resources, Inc. (NASDAQ: METC) is set to join the Russell 3000 Index effective June 27, 2022, following the annual reconstitution. This inclusion highlights the company's growth since its public offering, with the public float increasing from 34% to approximately 55%. Russell indexes are crucial for investment managers and benchmark around $12 trillion in assets. Joining the index is expected to enhance the company's visibility among institutional investors. Ramaco Resources operates in metallurgical coal production in West Virginia, Virginia, and Pennsylvania.
Ramaco Resources (NASDAQ: METC) announced that its board has authorized the issuance of a new class of common stock, a tracking stock, tied to assets from its recent Ramaco Coal acquisition. The tracking stock will focus on metallurgical coal royalty interests and advanced carbon products. Stockholders will receive these shares as a distribution, pending approval at a shareholder meeting. The company anticipates completing this initiative in the second half of 2022, with details on key dates released later. The move aims to bolster financial performance and investor interest.
Ramaco Resources reported record financial results for Q1 2022, with a net income of $41.5 million ($0.92 EPS), up 123% from the previous quarter. Adjusted EBITDA surged 103% to $64.1 million. The company faced rail service disruptions, impacting about 100,000 tons of shipments, which reduced EPS by $0.38. With 2.4 million tons in booked sales, Ramaco anticipates $235 million in net income for 2022 and increased production guidance to 3.4 million tons. The board approved a dividend increase to $5 million per quarter.
Ramaco Resources, Inc. (NASDAQ: METC) will release its first quarter 2022 financial results on May 11, 2022, after market close. A conference call is scheduled for May 12, 2022, at 11:30 a.m. ET, featuring executives including CEO Randall W. Atkins. Investors can access the earnings news on the company’s investor relations website and through major financial information sites. Ramaco specializes in high-quality, low-cost metallurgical coal operations across southern West Virginia, southwestern Virginia, and southwestern Pennsylvania.
Ramaco Resources, Inc. (NASDAQ: METC) announced the completion of its acquisition of 100% equity interests in Ramaco Coal, LLC, owned by an investment fund and certain management members. This acquisition provides access to approximately 42 million tons of metallurgical coal reserves and enhances the Company's coal royalty financials, avoiding ongoing royalty expenses. Additionally, it allows Ramaco to expand into advanced carbon products through Ramaco Carbon, potentially utilizing rare earth elements. The acquisition is projected to deliver significant cost savings and position the Company as a low-cost producer in the coal market.
On March 25, 2022, Ramaco Resources, Inc. (NASDAQ: METC) announced the completion of a distribution of approximately 5.5 million shares of its common stock by Energy Capital Partners (ECP) and 1.35 million shares by Yorktown Energy Partners IX, L.P. This increase in share distribution has raised the public float from 34% to 50%. Randall Atkins, Chairman and CEO, expressed that the increased float signifies a positive long-term evolution for the Company, reducing institutional control while enhancing trading availability. Ramaco specializes in developing high-quality metallurgical coal.
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