Ramaco Chairman and CEO Randall Atkins to Appear on Fox Business' Making Money with Charles Payne to discuss U.S. Critical Mineral and Brook Mine Development
Rhea-AI Summary
Ramaco Resources (NASDAQ: METC, METCB) announced that Chairman and CEO Randall W. Atkins will appear on Fox Business' Making Money with Charles Payne on Wednesday, August 19. The interview will cover updates on Ramaco's exploratory Brook Mine project in Sheridan, Wyoming, recent memoranda of understanding, and market trends in rare earths, critical minerals, and metallurgical coal.
Ramaco operates four active metallurgical coal mining complexes in Central Appalachia and is exploring coal, rare earth, and other critical minerals at the Brook Mine, which remains an exploration-stage property with no assurance of commercial development.
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Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 04 | Q2 earnings report | Negative | -4.2% | Reported a quarterly net loss and diluted EPS loss alongside adjusted EBITDA. |
| Jul 30 | Earnings scheduling | Neutral | +1.6% | Scheduled second-quarter results and conference call discussing Brook Mine developments. |
| Jul 29 | Brook Mine update | Neutral | +1.6% | Released Hatch assessment materials and shareholder letter on the exploratory project. |
| Jun 25 | Leadership news | Neutral | +0.6% | Announced the unexpected passing of its general counsel and former board member. |
| Jun 22 | Conference participation | Neutral | -4.2% | Announced management participation in the Northland Growth Conference. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Historical reactions were mixed, with Q2 earnings followed by -4.15% and Brook Mine materials followed by +1.56%.
Key Terms
forward-looking statements regulatory
inferred mineral resources technical
mineral reserves technical
reserve modifying factors technical
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The interview will focus on updates regarding Ramaco's exploratory Brook Mine project in
About Ramaco Resources
Ramaco Resources, Inc. is an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia, and southwestern Virginia and exploring a coal, rare earth and other critical minerals project in Wyoming. The Company's executive offices are located in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. The Company currently has four active metallurgical coal mining complexes in Central Appalachia and one coal mine and rare earth element and other critical mineral exploration stage property near Sheridan, Wyoming (the "Brook Mine"). The Brook Mine remains an exploration stage property, and no assurance can be given that it will be successfully developed into a commercial scale mine or that any inferred mineral resources estimated will be converted into higher confidence mineral resources or eventually mineral reserves. Contiguous to the Brook Mine, the Company operates a carbon research facility related to the potential production of advanced carbon products and materials from coal. In connection with these activities, it holds a body of more than 70 intellectual property patents, pending applications, exclusive licensing agreements and various trademarks. News and additional information about Ramaco Resources, including filings with the Securities and Exchange Commission, are available at https://www.ramacoresources.com. For more information, contact investor relations at (859) 244-7455 or info@ramacometc.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements related to future business arrangements and agreements, future production volumes and sales, anticipated capital expenditures, expected demand for e-waste, gallium and germanium, the development and commercialization of the Brook Mine rare earth and critical mineral project, projected operating costs and margins, and the Company's financial guidance and outlook. These forward-looking statements represent Ramaco Resources' expectations or beliefs concerning guidance, future events, anticipated revenue, future demand and production levels, macroeconomic trends, the development of ongoing projects, costs and expectations regarding operating results, and it is possible that the results described in this news release will not be achieved.
These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Ramaco Resources' control, which could cause actual results to differ materially from the results discussed in the forward-looking statements.
These factors include, without limitation, unexpected delays in our current mine development activities, the failure of our various business counterparties to perform, increased government regulation in the United States or internationally, the impact of tariffs imposed by the United States and foreign governments, the decline of demand for e-waste, gallium and germanium and underperformance of the railroads, the Company's ability to successfully develop the exploratory Brook Mine rare earth and critical mineral project, including whether the Company's exploration target and estimates for such mine are realized, the timing of the initial production of rare earth concentrates, the development of a pilot and ultimately a full scale commercial processing facility. Mineral resources are not mineral reserves and do not meet the threshold for reserve modifying factors, such as estimated economic viability, that would allow for conversion to mineral reserves. There is no certainty that any part of the inferred mineral resources estimated at Brook Mine will be converted into higher confidence mineral resources and eventually mineral reserves in the future. Rare earth and critical minerals are a new initiative for us and, as such, has required and will continue to require us to make significant investments to build out our rare earth and other critical mineral capabilities.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Ramaco Resources does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Ramaco Resources to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements found in Ramaco Resources' filings with the Securities and Exchange Commission ("SEC"), including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The risk factors and other factors noted in Ramaco Resources' SEC filings could cause its actual results to differ materially from those contained in any forward-looking statement.
POINT OF CONTACT
George Cpin
VP, Finance & Investor Relations
info@ramacometc.com or 859-244-7455
View original content:SOURCE Ramaco Resources, Inc.