Ramaco Resources, Inc. Announces Second Quarter Class A Dividend

Rhea-AI Summary

Ramaco Resources (NASDAQ: METC) has announced its second quarter fiscal year 2025 dividend for Class A common shares. The Board declared a quarterly dividend of $0.06875 per share, to be paid in Class B common stock on June 13, 2025, to shareholders of record as of May 30, 2025.

The payment will be calculated by dividing $0.06875 by the closing price of Class B stock on May 30, 2025. Any fractional shares will be paid in cash based on the closing price on the record date.

CEO Randall Atkins cited weak metallurgical coal market conditions as the reason for reducing the dividend and paying it in stock to maintain liquidity. Despite the reduction, the approximately 3% dividend yield remains the highest among publicly traded metallurgical coal peers. The company expects market weakness to persist for several months but anticipates potential strengthening in the second half of the year due to supply rationalization.

Positive

• Maintains highest dividend yield (3%) among metallurgical coal peers
• Strong liquidity position on balance sheet
• Management expects market strengthening in second half of year

Negative

• Reduced dividend payment from previous levels
• Dividend paid in stock instead of cash to preserve liquidity
• Weak metallurgical coal market conditions expected to persist for several months

LEXINGTON, Ky., March 17, 2025 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, "Ramaco" or the "Company") today announced that its Board of Directors has declared a dividend for the second quarter of fiscal year 2025 relating to its Class A common shares to shareholders of record on May 30, 2025 (the "Record Date"). The dividends will be paid in Class B common stock and issued on June 13, 2025 (the "Payment Date").

The Board approved and declared the quarterly Class A common stock dividend of $0.06875 per share of Class A common stock. Given that this payment will occur in the form of Class B shares, Class A holders will receive a number of shares of Class B common stock for each share of Class A common stock determined by dividing $0.06875 by the closing transaction price of the Class B common stock on May 30, 2025.

No fractional shares will be issued in connection with the above-described stock dividend. In lieu of the issuance of fractional shares, the Company will pay in cash on the Payment Date the fair value of the fractions of a share issuable, determined as of the close of Nasdaq on the Record Date and based upon the closing transaction price per share of the Class B common stock reported by Nasdaq on that date.

Randall Atkins, Ramaco's Chairman and CEO noted, "The current metallurgical coal market conditions are weak, and we expect they will remain so for several more months. As such the Board elected to take the prudent measure to maintain maximum liquidity and reduce this quarter's dividend level and to pay it again in Class B stock. Even at a reduced level, the roughly 3% dividend yield still represents by far the highest dividend yield among our publicly traded metallurgical coal peers. We maintain strong liquidity on our balance sheet and are positioned to both cautiously manage cash should the markets exhibit continued weakness or alternatively to take advantage of opportunities in the coal markets should supply rationalization continue. We remain cautiously optimistic that during the second half of the year the markets will strengthen amidst rising supply cuts in the metallurgical space. We will then consider raising the dividend to its previous cash levels as market conditions warrant."

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 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 developmefrom coal. In connection with these activities, it holds a body of roughly 60 intellectual property pant rare earth and coal mine 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 tents, 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.

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.

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

View original content:https://www.prnewswire.com/news-releases/ramaco-resources-inc-announces-second-quarter-class-a-dividend-302403449.html

SOURCE Ramaco Resources, Inc.

FAQ

What is the dividend amount for Ramaco Resources (METC) in Q2 2025?

Ramaco Resources declared a quarterly dividend of $0.06875 per share of Class A common stock for Q2 2025.

When will METC pay its Q2 2025 dividend?

The dividend will be paid on June 13, 2025, to shareholders of record as of May 30, 2025.

Why did Ramaco Resources (METC) reduce its dividend payment?

METC reduced the dividend due to weak metallurgical coal market conditions and to maintain maximum liquidity.

How will METC's Q2 2025 dividend be paid to shareholders?

The dividend will be paid in Class B common stock, with fractional shares paid in cash.

What is the current dividend yield for Ramaco Resources (METC)?

Ramaco Resources maintains approximately 3% dividend yield, the highest among publicly traded metallurgical coal peers.