Ramaco Resources, Inc. - METCB STOCK NEWS

The fourth annual Ramaco Research Rodeo (R3) conference, hosted by Ramaco Resources, Inc. (NASDAQ: METC), brought together global researchers, political leaders, and industry experts in Sheridan, Wyoming. The event focused on coal-to-products research, rare earth elements, artificial intelligence, and critical minerals.

Key speakers included U.S. Senators John Barrasso, Shelley Moore Capito, and Joe Manchin, as well as Congresswoman Harriet Hageman. They emphasized the importance of coal's potential in producing high-value products, the development of critical minerals, and the need for secure domestic supply chains. The conference highlighted advancements in using coal as a feedstock for advanced carbon products and materials, which could significantly impact the production of synthetic graphite, activated carbon fibers, and graphene.

Ramaco Resources (NASDAQ: METC) announced a new leadership structure to foster growth. With nearly 1,000 employees, the company has restructured its finance and operations teams. Scott Spears, John Marcum, and Jeremy Sussman will take on new roles in the finance group, while Paul Horn, Chris Blanchard, and Toby Edwards will lead the mining operations. The leadership changes aim to support Ramaco's expanding coal and critical mineral projects. Additionally, Ramaco has hired four new executives earlier this year to further bolster growth.

Ramaco Resources, Inc. (NASDAQ: METC) has hired David N. Dyer as Vice President-Marketing & Analysis and Jason P. Bragg as Vice President-Land. Dyer brings extensive experience in evaluating natural resources and commodity markets internationally, while Bragg has expertise in land planning and management. Both individuals are expected to enhance Ramaco's strategic guidance and land management capabilities.

Ramaco Resources, Inc. (NASDAQ: METC) reported first-quarter 2024 financial results with adjusted EBITDA at $24.2 million, net income at $2.0 million, and Class A EPS at $0.00. The company faced challenges due to lower index pricing and higher mine costs but remains optimistic about improving results. The Board declared cash dividends and extended its Revolver facility. Market commentary indicates the expectation of increased production and declining costs in the latter half of 2024. The Company continues progress on its growth initiatives and critical mineral projects.

Ramaco Resources, Inc. announced an increase and term extension of its revolving credit facility to $275 million, led by KeyBank, N.A. The facility now consists of $200 million with an accordion feature for an additional $75 million, and the term has been extended to 2029.

Ramaco Resources, Inc. (METC) will announce its first quarter 2024 financial results on May 8, 2024, followed by an investor conference call and webcast on May 9, 2024. The call will feature key executives discussing the results.

Ramaco Resources Inc. (METC) receives eight Mountaineer Guardian Awards for safety in West Virginia, including prestigious national recognition. The company's commitment to safety and high standards reflect in its multiple accolades, showcasing a zero-accident workplace goal.

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.

Ramaco Resources, Inc. (NASDAQ: METC) announces the publication of an Updated Technical Report Summary for the Brook Mine rare earth opportunity. The report reveals a significant increase in rare earth tonnage volume and concentrations, with concentrations averaging almost 550 parts per million. The deposit also contains gallium and germanium, critical minerals recently banned for export by China. The company will host an investor conference call to discuss the findings in detail.