Ramaco Resources Releases Hatch Report and Shareholder Letter on Exploratory Brook Mine Critical Minerals Project

Rhea-AI Summary

Ramaco Resources (NASDAQ: METC, METCB) announced the release of an initial assessment report by Hatch Associates Consultants and a shareholder letter from Chairman and CEO Randall W. Atkins. The documents outline the current status of Ramaco's exploratory Brook Mine rare earth and critical minerals project in Sheridan, Wyoming.

The Hatch study reviews a previously announced carbochlorination-based refining and flowsheet process, providing a preliminary process definition and capital and operating cost estimates to assess the project's potential. Key findings are summarized in the shareholder letter, with full materials, renderings, and a related conference video available on Ramaco's website.

Market Context

A prior conference-participation notice was followed by a -4.15% 24-hour reaction, giving the platfo...

Analysis

A prior conference-participation notice was followed by a -4.15% 24-hour reaction, giving the platform record a cautious backdrop. The report's process and cost estimates warrant attention, alongside high short positioning and recent net selling.

Key Figures

Publication date: July 29, 2026 Annual research rodeo: 5th Annual

2 metrics

Publication date July 29, 2026 Announcement date

Annual research rodeo 5th Annual Ramaco Research Rodeo held earlier in July

Historical Context

5 past events · Latest: Jun 25 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 25	General counsel announcement	Neutral	+0.6%	Company announced the unexpected passing of its general counsel and former board member.
Jun 22	Conference participation	Neutral	-4.2%	Management scheduled investor meetings at the Northland Growth Conference.
Jun 15	Stock dividend details	Positive	-3.9%	Company disclosed the final Class B stock dividend distribution ratio.
Jun 09	Industry summit participation	Neutral	-3.5%	CFO joined a panel discussing steel and metallurgical coal market conditions.
May 29	Critical minerals discussion	Positive	-6.4%	CEO discussed the Brook Mine rare earths project and energy market trends.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent company updates were generally followed by negative 24-hour price reactions, including discussion of the Brook Mine critical minerals project.

Key Terms

carbochlorination, flowsheet, critical minerals, rare earth

4 terms

carbochlorination technical

"previously announced carbochlorination-based refining and flowsheet process"

Carbochlorination is a chemical process that uses chlorine and a carbon source (like coke) to convert metal oxides into volatile metal chlorides so the metal can be separated and purified, similar to how heating and dissolving can free a gem from rock. Investors care because it is a key industrial route for producing certain metals and intermediates, affecting production costs, plant design, environmental controls, and regulatory risk tied to corrosive gases and byproducts.

flowsheet technical

"carbochlorination-based refining and flowsheet process for the Brook Mine project"

A flowsheet is a structured table that records a series of clinical or operational data points—such as vital signs, lab results, medication doses, procedures or milestone dates—so each patient or case can be tracked over time. For investors, a flowsheet turns detailed trial or operational activity into a clear timeline that highlights progress, gaps or problems, helping assess development speed, regulatory readiness and potential delays much like a trip log shows a journey’s pace and hiccups.

critical minerals technical

"Brook Mine critical minerals project"

Materials needed to build modern technologies—like batteries, electronics, renewable energy systems and defense equipment—that have few easy substitutes and often come from a small number of countries or mines. Investors care because their supply can be disrupted, expensive or slow to increase, which affects the cost, availability and growth prospects of companies and industries that rely on them; think of them as critical spare parts for the global economy.

rare earth technical

"Company's rare earth and critical minerals project"

A rare earth is one of a group of 17 naturally occurring metallic elements used as essential ingredients in many high-tech products—think of them as small, specialized spices that give electronics, batteries, magnets, and renewable-energy gear their key properties. They matter to investors because their limited geographic supply, complex processing, and strong demand from technology and clean-energy sectors can create price swings, supply risks, and strategic opportunities for companies involved in mining, refining, or manufacturing.

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LEXINGTON, Ky., July 29, 2026 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB) ("Ramaco" or the "Company") today released a new initial assessment report from Hatch Associates Consultants, Inc. ("Hatch") and an accompanying shareholder letter from Chairman and Chief Executive Officer Randall W. Atkins. That letter highlights the current status of the Company's rare earth and critical minerals project in Sheridan, Wyoming.

The Hatch study evaluates a previously announced carbochlorination-based refining and flowsheet process for the Brook Mine project. It provides a preliminary process definition as well as capital and operating cost estimates to assess the potential of the Brook Mine critical mineral project. Key findings are highlighted in the shareholder letter.

"The Hatch report and its analysis marks an important milestone in advancing our vision of building a fully integrated domestic critical minerals platform," said Mr. Atkins. "We believe the Brook Mine complex has the potential to become a significant long-term supplier of critical minerals and rare earth products essential to America's industrial and technology supply chains."

The Hatch report and shareholder letter are available on Ramaco's website here: https://www.ramacoresources.com. Additional renderings and project-related images are available on the website here: https://www.ramacoresources.com/critical-minerals.

Earlier in July, Ramaco hosted its 5th Annual Ramaco Research Rodeo (R3) in Sheridan, Wyoming, where there was extensive discussion by industry leaders, researchers, policymakers, and investors related to critical minerals, advanced carbon products, artificial intelligence, and energy innovation. A video presented during the conference related to the Brook Mine project can be viewed here: https://ramacoresources.com/carbon-operations/.

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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

The Hatch report is a scoping study and, accordingly, all estimates and projections contained therein are based on limited and incomplete data. Therefore, while the work, results, estimates and projections may be considered to be generally indicative of the nature and quality of the Project, they are not definitive.

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 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 Brook Mine REE/CM 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 estimated mineral resources at Brook Mine will be converted into mineral reserves in the future. Rare earth and critical minerals is 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 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:https://www.prnewswire.com/news-releases/ramaco-resources-releases-hatch-report-and-shareholder-letter-on-exploratory-brook-mine-critical-minerals-project-302838319.html

SOURCE Ramaco Resources, Inc.

FAQ

What did Ramaco Resources (NASDAQ: METC) announce about the Brook Mine critical minerals project on July 29, 2026?

Ramaco Resources announced an initial assessment report by Hatch and a shareholder letter on the Brook Mine critical minerals project. According to Ramaco Resources, these materials outline the current status, process concept, and preliminary cost estimates for the carbochlorination-based refining flowsheet in Sheridan, Wyoming.

What is the role of the Hatch report in Ramaco Resources’ Brook Mine rare earth project (METC)?

The Hatch report evaluates a carbochlorination-based refining and flowsheet process for the Brook Mine project. According to Ramaco Resources, it provides preliminary process definition plus capital and operating cost estimates to assess the potential of the Brook Mine rare earth and critical minerals project in Sheridan, Wyoming.

How does Ramaco Resources describe the potential of the Brook Mine critical minerals project for METC shareholders?

Ramaco Resources states that the Brook Mine complex has the potential to become a significant long-term supplier of critical minerals and rare earth products. According to Ramaco Resources, this potential is tied to supporting America’s industrial and technology supply chains through a domestic critical minerals platform.

Where can investors access the Hatch report and shareholder letter on Ramaco Resources’ Brook Mine project (METC)?

Investors can access the Hatch report and shareholder letter on Ramaco Resources’ website. According to Ramaco Resources, additional renderings, project-related images, and a Brook Mine video from the Ramaco Research Rodeo are also available through dedicated critical minerals and carbon operations pages online.

What is the carbochlorination-based refining process mentioned in Ramaco Resources’ Brook Mine update (METC)?

The carbochlorination-based refining process is the flowsheet concept evaluated by Hatch for Brook Mine. According to Ramaco Resources, Hatch’s initial assessment provides preliminary process design and associated capital and operating cost estimates to help gauge the project’s future critical minerals and rare earth production potential.

What was discussed at Ramaco Resources’ 5th Annual Ramaco Research Rodeo (R3) related to METC and Brook Mine?

At the 5th Annual Ramaco Research Rodeo, participants discussed critical minerals, advanced carbon products, artificial intelligence, and energy innovation. According to Ramaco Resources, a video related to the Brook Mine project was presented and is now available on the company’s website for interested investors and stakeholders.