Ramaco Resources, Inc. Announces the Entry into a Non-Binding Memorandum of Understanding with REalloys, Inc.

Rhea-AI Summary

REalloys (NASDAQ: ALOY) and Ramaco Resources (NASDAQ: METC, METCB) signed a non-binding MOU to pursue a strategic relationship focused on U.S. rare earth and permanent magnet supply chains.

The MOU covers potential MREC feedstock from Wyoming, separation at SRC in Saskatchewan, and scandium oxide supply from Ramaco’s Brook Mine refinery for alloy metallization at REalloys’ Euclid, Ohio facility.

AI-generated analysis. Not financial advice.

Market Reality Check

Price: $15.54 Vol: Volume 1,293,715 is below...

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$15.54 Last Close

Volume Volume 1,293,715 is below 20-day average of 1,466,360 (relative volume 0.88x). normal

Technical Shares trade below the 200-day MA of 21.41, despite a 4.93% daily gain.

Peers on Argus

Momentum scanner shows mixed peer action: AMR down ~2.0% and ERO up ~1.34%, sugg...

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Momentum scanner shows mixed peer action: AMR down ~2.0% and ERO up ~1.34%, suggesting today’s move in METC is more company-specific than a broad sector rotation.

Historical Context

5 past events · Latest: May 11 (Negative)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
May 11	Q1 2026 earnings	Negative	+8.8%	Reported net loss and negative Adjusted EBITDA but liquidity rose sharply.
May 05	Earnings date set	Neutral	+3.7%	Announced Q1 2026 results release date and follow-up call details.
Mar 31	Corp reorganization	Positive	+7.1%	Reorganized into four divisions to enhance focus and financing flexibility.
Mar 16	Class B dividend	Positive	-2.3%	Declared Class B stock dividend payable in shares with cash for fractions.
Mar 02	Insider options	Positive	+2.7%	CEO exercised long-held options, acquiring over 230k shares and signaling confidence.

Pattern Detected

Recent history shows strong positive reactions to corporate updates and earnings, but occasional negative reactions to shareholder-friendly actions like dividends.

Recent Company History

Over the last six months, Ramaco has combined traditional metallurgical coal operations with growing focus on rare earths. An internal reorganization on Mar 31, 2026 created distinct divisions including rare earths and critical minerals. Capital markets activity in late 2025 added substantial convertible debt to fund these projects. Q1 2026 results on May 11 showed a net loss but were met with a positive price reaction. Today’s MOU further develops the Brook Mine critical minerals strategy highlighted in prior filings and updates.

Market Pulse Summary

This announcement outlines a non-binding MOU with REalloys to supply mixed rare earth carbonates and...

Analysis

This announcement outlines a non-binding MOU with REalloys to supply mixed rare earth carbonates and scandium oxide from the Brook Mine project, reinforcing Ramaco’s diversification beyond coal. It follows corporate reorganization and prior capital raises focused on rare earths and critical minerals. Investors may watch for a definitive offtake agreement, progress at the Saskatchewan Research Council facility, and updates on Ramaco’s own critical mineral refinery as key milestones for this strategy.

Key Terms

mixed rare earth carbonate, rare earth oxides, scandium oxide, offtake agreement

4 terms

mixed rare earth carbonate medical

"supply of Mixed Rare Earth Carbonate (MREC) from Ramaco's exploratory rare earth"

A mixed rare earth carbonate is a powdery chemical mixture made from processing ore that contains several different rare earth elements bound as carbonate salts. Think of it like a crude blend of valuable metals that still needs refining into individual elements or oxides used in magnets, batteries and electronics; its quantity, composition and price signal how much feedstock is available to downstream manufacturers and therefore affects supply, costs and investment prospects in related industries.

rare earth oxides medical

"perform separation of the Ramaco feedstock into various rare earth oxides at its"

Rare earth oxides are compounds formed when rare earth elements combine with oxygen, creating powders or solids used as the raw ingredients for critical components like strong magnets, catalysts, display phosphors and some battery materials. They matter to investors because these materials are essential to many high‑growth industries and their supply is often concentrated and hard to scale, so shortages, production changes or cost swings can quickly affect manufacturers’ profits and stock values.

scandium oxide medical

"supply its own separated scandium oxide from its Brook Mine critical mineral refinery"

Scandium oxide is a white, powdery mineral compound used as an ingredient to improve the strength, weight and performance of high-tech materials such as aluminum alloys, fuel cells, and certain electronics. For investors, it matters because it is a scarce, specialty raw material—like a rare spice in a recipe—that can raise costs or create supply bottlenecks for manufacturers and influence the valuations of miners, suppliers, and technology makers that rely on it.

offtake agreement financial

"finalize an offtake agreement aimed at bolstering America's domestic rare earth"

A contract in which a buyer commits to purchase a set portion or percentage of a producer’s future output—such as minerals, energy, agricultural goods, or manufactured products—often over a multi‑year period. It matters to investors because it creates predictable sales and cash flow, reduces the risk of unsold inventory, and can make projects easier to finance; think of it like pre‑selling future harvests or securing long‑term customers before production begins.

AI-generated analysis. Not financial advice.

LEXINGTON, Ky., May 28, 2026 /PRNewswire/ -- Ramaco Resources, (NASDAQ: METC, METCB) ("Ramaco") announces that it has entered into a non-binding memorandum of understanding with REalloys Inc. (NASDAQ: ALOY), an Ohio-based rare earth company, to establish a strategic relationship to complete due diligence and finalize an offtake agreement aimed at bolstering America's domestic rare earth and permanent magnet supply chain.

The MOU contemplates that Ramaco would provide REalloys with a supply of Mixed Rare Earth Carbonate (MREC) from Ramaco's exploratory rare earth and critical minerals project in Wyoming. REalloys would then perform separation of the Ramaco feedstock into various rare earth oxides at its Saskatchewan Research Council (SRC) facility. The MOU also contemplates that Ramaco would supply its own separated scandium oxide from its Brook Mine critical mineral refinery for alloy metallization at REalloys' Euclid, Ohio facility.

"Ramaco is proud to pursue a future partnership with REalloys to supply domestically sourced mixed rare earth carbonates and scandium oxide that could underpin a resilient, ex‑China permanent magnet supply chain," said Randall Atkins, Chairman and CEO of Ramaco Resources. "We are progressing to position the Brook Mine to potentially deliver both reliable MREC feedstock tailored to REalloys' SRC separation facilities as well as our own scandium oxide for REalloys' metallization process."

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.

Contact:

Jason Fannin, Ramaco Resources
Jason.Fannin@ramacoresources.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 production volumes and sales, anticipated capital expenditures, expected demand for metallurgical coal, 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 ability to successfully increase production at our existing met coal 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 impact of tariffs imposed by the United States and foreign governments, the further decline of demand for coal in export markets 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.

View original content:https://www.prnewswire.com/news-releases/ramaco-resources-inc-announces-the-entry-into-a-non-binding-memorandum-of-understanding-with-realloys-inc-302784914.html

SOURCE Ramaco Resources, Inc.

FAQ

What did REalloys (ALOY) and Ramaco Resources agree to on May 28, 2026?

REalloys and Ramaco Resources agreed to a non-binding memorandum of understanding to explore a strategic rare earth supply relationship. According to Ramaco, the MOU includes due diligence and work toward a potential offtake agreement supporting domestic rare earth and permanent magnet supply chains.

How will the REalloys (ALOY) and Ramaco (METC) MOU support the U.S. rare earth supply chain?

The MOU is aimed at bolstering America’s domestic rare earth and permanent magnet supply chain. According to Ramaco, it involves potential supply of mixed rare earth carbonate and scandium oxide for processing and alloy metallization at REalloys’ facilities in Saskatchewan and Ohio.

What materials could Ramaco supply to REalloys (ALOY) under the non-binding MOU?

Ramaco could supply mixed rare earth carbonate and separated scandium oxide if a definitive agreement is reached. According to Ramaco, MREC would come from its Wyoming exploratory project, while scandium oxide would come from its Brook Mine critical mineral refinery.

What role will the Saskatchewan Research Council facility play in the REalloys (ALOY) and Ramaco collaboration?

The Saskatchewan Research Council facility would be used to separate Ramaco’s mixed rare earth carbonate feedstock into various rare earth oxides. According to Ramaco, this separation step is part of the contemplated supply chain from Wyoming-origin material to REalloys’ downstream metallization operations.

What is planned at REalloys’ Euclid, Ohio facility under the MOU with Ramaco (METC)?

REalloys’ Euclid, Ohio facility is expected to handle alloy metallization of Ramaco’s separated scandium oxide if agreements proceed. According to Ramaco, this metallization step is envisioned as part of a domestically sourced, ex-China permanent magnet material supply chain.