RAMACO RESOURCES, INC. ANNOUNCES CLOSING OF UPSIZED $200 MILLION PUBLIC OFFERING
Ramaco Resources (NASDAQ: METC) has successfully closed its upsized public offering of Class A common stock, raising $200 million in gross proceeds. The company sold 10,666,667 shares at $18.75 per share.
Additionally, the underwriters exercised their 30-day option to purchase up to $30 million of additional shares from Yorktown Energy Partners. The sale of these additional shares is expected to complete on August 8, 2025, with proceeds going to the selling stockholders.
The company plans to use the net proceeds to accelerate the development of its rare earth elements and critical minerals project, pursue strategic growth opportunities, and for general corporate purposes. Morgan Stanley and Goldman Sachs served as lead joint book-running managers for the offering.
Ramaco Resources (NASDAQ: METC) ha completato con successo la sua offerta pubblica aumentata di azioni ordinarie di Classe A, raccogliendo 200 milioni di dollari di proventi lordi. La società ha venduto 10.666.667 azioni a 18,75 dollari per azione.
Inoltre, i sottoscrittori hanno esercitato l'opzione di 30 giorni per acquistare fino a 30 milioni di dollari di azioni aggiuntive da Yorktown Energy Partners. La vendita di queste azioni supplementari è prevista per il completamento l'8 agosto 2025, con i proventi destinati agli azionisti venditori.
L'azienda intende utilizzare i proventi netti per accelerare lo sviluppo del suo progetto di elementi delle terre rare e minerali critici, perseguire opportunità di crescita strategica e per scopi aziendali generali. Morgan Stanley e Goldman Sachs hanno agito come gestori principali congiunti dell'offerta.
Ramaco Resources (NASDAQ: METC) ha cerrado con éxito su oferta pública aumentada de acciones ordinarias Clase A, recaudando 200 millones de dólares en ingresos brutos. La compañía vendió 10,666,667 acciones a 18,75 dólares por acción.
Además, los suscriptores ejercieron su opción de 30 días para comprar hasta 30 millones de dólares en acciones adicionales de Yorktown Energy Partners. Se espera que la venta de estas acciones adicionales se complete el 8 de agosto de 2025, con los ingresos destinados a los accionistas vendedores.
La empresa planea usar los ingresos netos para acelerar el desarrollo de su proyecto de elementos de tierras raras y minerales críticos, buscar oportunidades estratégicas de crecimiento y para propósitos corporativos generales. Morgan Stanley y Goldman Sachs actuaron como gestores principales conjuntos de la oferta.
Ramaco Resources (NASDAQ: METC)가 클래스 A 보통주 증자 공모를 성공적으로 마무리하여 총 2억 달러의 총 수익을 모았습니다. 회사는 10,666,667주를 주당 18.75달러에 판매했습니다.
또한 인수단은 30일 옵션을 행사하여 Yorktown Energy Partners로부터 최대 3천만 달러 상당의 추가 주식을 매입했습니다. 이 추가 주식 매각은 2025년 8월 8일에 완료될 예정이며, 수익은 매도 주주에게 돌아갑니다.
회사는 순수익을 희귀 토양 원소 및 핵심 광물 프로젝트 개발 가속화, 전략적 성장 기회 추구 및 일반 기업 목적에 사용할 계획입니다. Morgan Stanley와 Goldman Sachs가 이 공모의 공동 주관사를 맡았습니다.
Ramaco Resources (NASDAQ : METC) a clôturé avec succès son offre publique augmentée d’actions ordinaires de classe A, levant 200 millions de dollars de produit brut. La société a vendu 10 666 667 actions à 18,75 dollars par action.
De plus, les souscripteurs ont exercé leur option de 30 jours pour acheter jusqu’à 30 millions de dollars d’actions supplémentaires auprès de Yorktown Energy Partners. La vente de ces actions supplémentaires devrait être finalisée le 8 août 2025, les produits revenant aux actionnaires vendeurs.
La société prévoit d’utiliser le produit net pour accélérer le développement de son projet d’éléments de terres rares et de minéraux critiques, poursuivre des opportunités de croissance stratégique et pour des besoins généraux d’entreprise. Morgan Stanley et Goldman Sachs ont agi en tant que chefs de file conjoints pour cette offre.
Ramaco Resources (NASDAQ: METC) hat seine aufgestockte öffentliche Platzierung von Stammaktien der Klasse A erfolgreich abgeschlossen und dabei 200 Millionen US-Dollar Bruttoerlös erzielt. Das Unternehmen verkaufte 10.666.667 Aktien zu je 18,75 US-Dollar.
Darüber hinaus haben die Underwriter ihre 30-Tage-Option ausgeübt, um bis zu 30 Millionen US-Dollar zusätzliche Aktien von Yorktown Energy Partners zu erwerben. Der Verkauf dieser zusätzlichen Aktien soll am 8. August 2025 abgeschlossen werden, wobei die Erlöse an die verkaufenden Aktionäre fließen.
Das Unternehmen plant, die Nettoerlöse zur Beschleunigung der Entwicklung seines Projekts für seltene Erden und kritische Mineralien, zur Verfolgung strategischer Wachstumschancen und für allgemeine Unternehmenszwecke zu verwenden. Morgan Stanley und Goldman Sachs fungierten als gemeinsame leitende Bookrunner der Platzierung.
- Successful raise of $200 million in gross proceeds through public offering
- Full exercise of $30 million additional shares option by underwriters indicates strong demand
- Proceeds will fund development of strategic rare earth elements and critical minerals project
- Backing from major investment banks Morgan Stanley and Goldman Sachs as lead managers
- Significant dilution for existing shareholders with 10.67 million new shares issued
- Additional $30 million in shares being sold by existing stockholders could pressure stock price
Insights
Ramaco raised $200M through stock offering to accelerate rare earth elements project and strategic growth, strengthening its financial position.
Ramaco Resources has successfully completed an upsized $200 million public offering by selling 10,666,667 shares of Class A common stock at $18.75 per share. This significant capital raise represents a strategic financial move that substantially bolsters the company's balance sheet. The underwriters also fully exercised their option to purchase an additional $30 million of shares from Yorktown Energy Partners, indicating strong demand for the offering.
The proceeds are earmarked primarily for accelerating development of Ramaco's rare earth elements and critical minerals project. This focus is particularly noteworthy as rare earth elements are essential components in many high-tech applications including renewable energy technologies, defense systems, and consumer electronics. The global push toward green energy and technology independence has created growing demand for these critical minerals.
Beyond the rare earth elements initiative, management has indicated that funds will support unspecified "strategic growth opportunities" and general corporate purposes. This flexible capital allocation approach gives Ramaco considerable financial runway to pursue both organic growth and potentially accretive acquisitions in a challenging market environment.
The successful completion of this offering with participation from major investment banks Morgan Stanley and Goldman Sachs suggests institutional confidence in Ramaco's strategic direction. By securing this substantial funding, Ramaco has positioned itself to potentially capture greater market share in the critical minerals space while strengthening its financial foundation.
In connection with the Offering, Yorktown Energy Partners IX, L.P., Yorktown Energy Partners X, L.P. and Yorktown Energy Partners XI, L.P. (collectively, "Yorktown"), selling stockholders of the Company, granted the underwriters a 30-day option to purchase up to an additional
The Company currently intends to use the net proceeds from the Offering to fund the acceleration of its development of its rare earth elements and critical minerals project, for strategic growth opportunities and for general corporate purposes.
Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC acted as lead joint book-running managers of the Offering.
ArentFox Schiff LLP represented the Company and Davis Polk & Wardwell LLP represented the underwriters in connection with the Offering.
A shelf registration statement relating to the offered securities was filed with the Securities and Exchange Commission (the "SEC") and was automatically effective upon filing on August 5, 2025. A final prospectus supplement and accompanying prospectus relating to the Offering was filed, with the SEC on August 7, 2025, and is available on the SEC's website, located at www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus relating to this Offering may be obtained from the offices of Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor,
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
ABOUT RAMACO RESOURCES
Ramaco Resources, Inc. is an operator and developer of high-quality, low-cost metallurgical coal in southern
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This communication includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of the words such as "estimate," "plan," "shall," "may," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "target," or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, expectations regarding the use of proceeds from the Offering. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Ramaco Resources. When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements described under, but not limited to, the headings "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025 and June 30, 2025, and the Company's other filings with the SEC. If any of these risks materialize or the Company's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Ramaco Resources does not presently know or that Ramaco Resources currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Ramaco Resources' expectations, plans or forecasts of future events and views as of the date of this press release. Ramaco Resources anticipates that subsequent events and developments will cause Ramaco Resources' assessments to change. However, while Ramaco Resources may elect to update these forward-looking statements at some point in the future, Ramaco Resources specifically disclaims any obligation to do so, unless required by applicable law. These forward-looking statements should not be relied upon as representing Ramaco Resources' assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
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SOURCE Ramaco Resources, Inc.