Update on Independent Preliminary Economic Assessment Report from Fluor Corporation

Rhea-AI Summary

Ramaco Resources (NASDAQ: METC) announced it will receive a Preliminary Economic Assessment (PEA) for its Brook Mine from Fluor Corporation on July 9, 2025. The assessment will be presented to Ramaco's Board of Directors during their board meeting. The company plans to release a summary of the updated information on its website within the same week.

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LEXINGTON, Ky., July 8, 2025 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB) ("Ramaco" or the "Company") announces that on July 9 it will receive the Preliminary Economic Assessment (the "PEA") of Ramaco's Brook Mine from the Fluor Corporation.  The PEA will be presented to the Ramaco Board of Directors (the "Board") at its Board meeting tomorrow.  Following Fluor's presentation to the Board and the Board's opportunity to review,  Ramaco expects to release a summary of the updated information to its website this week. 

About Ramaco Resources, Inc.

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 coal, 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 coal mine and rare earth development 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 from coal. In connection with these activities, it holds a body of roughly 76 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.

Point of Contact:
INVESTOR RELATIONS:
info@ramacometc.com
or 859-244-7455

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SOURCE Ramaco Resources, Inc.

FAQ

When will Ramaco Resources (NASDAQ: METC) receive the Brook Mine PEA from Fluor Corporation?

Ramaco will receive the Preliminary Economic Assessment (PEA) from Fluor Corporation on July 9, 2025.

What is the purpose of the Brook Mine PEA for Ramaco Resources?

The Preliminary Economic Assessment will be presented to Ramaco's Board of Directors to evaluate the economic potential of the Brook Mine project.

When will Ramaco Resources (METC) release the Brook Mine PEA results?

Ramaco expects to release a summary of the updated PEA information on its website within the same week after the Board's review.

Who is conducting the Preliminary Economic Assessment for Ramaco's Brook Mine?

Fluor Corporation is conducting the Preliminary Economic Assessment (PEA) for Ramaco's Brook Mine.