RAMACO RESOURCES UNAFFECTED BY BALTIMORE BRIDGE COLLAPSE

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Ramaco Resources, Inc. (NASDAQ: METC) updates the market on the Baltimore bridge collapse, expressing sympathy but confirming no impact on operations. The Company's export activities continue smoothly through unaffected ports.

LEXINGTON, Ky., March 26, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, "Ramaco" or the "Company"), a leading operator and developer of high-quality, low-cost metallurgical coal, today updated the market on the catastrophic bridge collapse at Baltimore. Ramaco expresses the deepest sympathies for all impacted by this tragic accident. The Company is unaffected by the collapse. All of the Company's export throughput and shipments occur at other non-affected US East Coast ports. 

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. 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 development rare earth and coal mine near Sheridan, Wyoming in the initial stages of production. In 2023, the Company announced that a major rare earth deposit of primary magnetic rare earths 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 60 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 http://www.ramacoresources.com. For more information, contact investor relations at (859) 244-7455.

View original content:https://www.prnewswire.com/news-releases/ramaco-resources-unaffected-by-baltimore-bridge-collapse-302099912.html

SOURCE Ramaco Resources, Inc.

FAQ

How did Ramaco Resources, Inc. (METC) update the market regarding the Baltimore bridge collapse?

Ramaco Resources, Inc. (NASDAQ: METC) provided an update expressing sympathy for those affected by the collapse but confirmed that their operations remain unaffected.

Is Ramaco Resources, Inc. (METC) impacted by the Baltimore bridge collapse?

No, the Company stated that it is unaffected by the collapse and continues its export activities through other US East Coast ports.

Where do Ramaco Resources, Inc.'s (METC) export activities and shipments take place?

Ramaco Resources, Inc. (NASDAQ: METC) conducts its export throughput and shipments at non-affected US East Coast ports.