Ramaco Resources Announces First Quarter Cash Dividend for Class B Common Stock

Rhea-AI Summary

Ramaco Resources (NASDAQ: METC) has announced its first quarter cash dividend for Class B common stock. The Board of Directors declared a quarterly cash dividend of $0.1971 per share on Class B common stock, payable on March 14, 2025, to shareholders of record on February 28, 2025.

Additionally, the company previously announced a quarterly Class A dividend of $0.1375 per share for the first quarter of 2025, which will be paid in Class B common stock. This Class A dividend shares the same payment and record dates as the Class B dividend.

Positive

• Class B shareholders to receive cash dividend of $0.1971 per share
• Class A shareholders to receive dividend equivalent of $0.1375 per share in Class B stock

Negative

• Class A dividend being paid in stock rather than cash may indicate cash preservation strategy

LEXINGTON, Ky., Feb. 18, 2025 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, "Ramaco" or the "Company") a leading operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and future developer of rare earth elements and critical minerals in Wyoming, today announced the first quarter cash dividend on its Class B common stock.

BOARD OF DIRECTORS DECLARES CLASS B CASH DIVIDEND

Ramaco's Board of Directors approved and declared a quarterly cash dividend of $0.1971 per share on the Company's Class B common stock. The first quarter dividend is payable on March 14, 2025, to shareholders of record on February 28, 2025.

The Company previously announced its Board of Directors approved and declared a quarterly Class A dividend of $0.1375 per share for the first quarter of 2025 which shall be paid in Class B common stock.  The Class A dividend is also payable on March 14, 2025 to shareholders of record on February 28, 2025.

For additional information please see our Current Report on Form 8-K which is expected to be filed with the Securities and Exchange Commission later today.

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 a developing producer of coal, rare earth and critical minerals in Wyoming. Its executive offices are 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 development near Sheridan, Wyoming in the initial stages of production. In 2023, the Company announced that a major deposit of primary magnetic rare earths and critical minerals was discovered at its mine near Sheridan, Wyoming. Contiguous to the Wyoming mine, the Company operates a carbon research and pilot facility related to the production of advanced carbon products and materials from coal. In connection with these activities, it holds a body of roughly 76 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.

POINT OF CONTACT

INVESTOR RELATIONS: info@ramacometc.com or 859-244-7455

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. 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 ability to successfully ramp up production at our complexes in accordance with the Company's growth initiatives, failure of our sales commitment counterparties to perform, increased government regulation of coal in the United States or internationally, the further decline of demand for coal in export markets and underperformance of the railroads, the expected benefits of the Ramaco Coal and Maben acquisitions to the Company's shareholders, the anticipated benefits and impacts of the Ramaco Coal and Maben acquisitions, and the Company's ability to successfully develop the Brook Mine, including whether the increase in the Company's exploration target and estimates for such mine are realized. 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.

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SOURCE Ramaco Resources, Inc.

FAQ

What is the amount of Ramaco Resources (METC) Q1 2025 Class B dividend?

Ramaco Resources' Q1 2025 Class B dividend is $0.1971 per share, payable in cash.

When is the payment date for METC's Q1 2025 dividends?

Both Class A and Class B dividends will be paid on March 14, 2025.

What is the record date for Ramaco Resources' (METC) Q1 2025 dividends?

The record date for both Class A and Class B dividends is February 28, 2025.

How will Ramaco Resources (METC) pay its Q1 2025 Class A dividend?

The Class A dividend of $0.1375 per share will be paid in Class B common stock, not cash.