Welcome to our dedicated page for Ramaco Resources news (Ticker: METCB), a resource for investors and traders seeking the latest updates and insights on Ramaco Resources stock.
undefined (METCB) is a resource development company focused on innovative extraction of metallurgical coal and critical minerals. This news hub provides investors and stakeholders with timely updates on operational milestones, financial performance, and strategic initiatives.
Access official press releases and third-party analysis covering quarterly earnings, partnership announcements, and technological advancements. Our curated feed ensures you stay informed about METCB's projects in key mining regions and emerging developments in resource innovation.
Key coverage areas include production updates from core operations, progress on rare earth element initiatives, and market expansion efforts. Bookmark this page for direct access to METCB's evolving corporate narrative and material disclosures that impact long-term value creation.
Ramaco Resources (NASDAQ: METC) has completed a $50 million public offering of senior unsecured notes due 2029. The notes carry an 8.375% annual interest rate, payable quarterly starting January 30, 2025. Rated 'BBB' by Egan-Jones, the notes can be redeemed after November 30, 2026, at 100% of principal plus accrued interest. The company plans to use proceeds for general corporate purposes, including future investments, capital expenditures, and working capital. The notes will be listed on Nasdaq under symbol 'METCZ', with minimum denominations of $25.00.
Ramaco Resources (NASDAQ: METC) has priced its public offering of senior unsecured notes due 2029. The notes will bear interest at 8.375% per year, payable quarterly, with gross proceeds expected to be $50 million, expandable to $57.5 million if underwriters exercise their option. The notes, to be listed on Nasdaq under symbol 'METCZ', will be issued in minimum denominations of $25.00. The company plans to use proceeds for general corporate purposes, including future investments, capital expenditures, and working capital. The offering is expected to close on November 27, 2024.
Ramaco Resources (NASDAQ: METC) announced its fourth quarter 2024 dividends for both Class A and Class B common shares, to be paid in Class B common stock on December 16, 2024, to shareholders of record on December 2, 2024. Class A shareholders will receive $0.1375 per share and Class B shareholders will receive $0.2364 per share, both converted to Class B shares based on the closing price on December 2. This stock-based dividend will increase the METCB public float by approximately 9%. The company aims to maintain strong liquidity and financial flexibility while addressing institutional investors' interest in improving Class B shares' market liquidity.
Ramaco Resources reported its Q3 2024 financial results with Adjusted EBITDA of $23.6 million, down from $28.8 million in Q2 2024. The company posted a net loss of $0.2 million, compared to net income of $5.5 million in Q2 2024. Despite challenging market conditions with U.S. metallurgical coal indices falling 7% in Q3, the company achieved record quarterly production of 972,000 tons and sales of 1,023,000 tons. Cash costs decreased to $102 per ton, with costs below $100 per ton in August and September. For 2024, total sales commitments are 4.1 million tons, with 2025 commitments at 2.7 million tons. The company reduced its 2024 production guidance to 3.7-3.9 million tons.
Ramaco Resources (NASDAQ: METC, METCB) has announced it will release its third quarter 2024 financial results on Monday, November 4, 2024, after market close. The company will host an investor conference call and webcast on Tuesday, November 5, 2024, at 9:00 a.m. Eastern Time. Senior executives, including the Chairman and CEO, EVP for Mine Planning & Development, CFO, and Chief Commercial Officer, will discuss the quarterly results. The conference call will be accessible via phone and webcast.
On August 7, 2024, Ramaco Resources (NASDAQ: METC, METCB) reported its Q2 2024 financial results. Highlights include:
Adjusted EBITDA of $28.8M, up 19% QoQ. Net income surged to $5.5M from $2.0M in Q1 2024. Class A diluted EPS was $0.08 compared to $0.00 in Q1 2024. Non-GAAP cash cost per ton sold decreased by $10 to $108. Production increased by 7% to over 900K tons.
Despite a 15% quarterly decline in US coal prices, Ramaco maintained positive financials. The Board declared Q3 dividends at $0.1375 per share for Class A and $0.2246 per share for Class B stocks. The company repaid remaining $7M in acquisition debt from Maben Coal
Guidance remains strong with 2024 sales commitments of 4M tons at an average fixed price of $155 per ton. Four production growth initiatives are on track. Ramaco is also advancing its rare earth and critical mineral project in Wyoming, engaging Fluor for a techno-economic analysis.
Ramaco Resources (NASDAQ: METC, METCB) has provided an update on its Brook Mine project in Wyoming, focusing on the development of rare earth and critical mineral deposits. The company has enlisted the expertise of several third-party groups to advance the project:
Fluor will conduct a techno-economic assessment and design a demonstration plant for rare earth and critical mineral refining and processing. SGS is providing mineralogical and elemental analysis, as well as hydrometallurgy expertise. Hazen Research Inc. is contributing to mineralogical and elemental analysis, along with physical beneficiation testing. The National Energy Technology Laboratory (NETL) is assisting with deposit assessment and AI-assisted high-grade mapping.
Ramaco plans to start construction on the new processing facility in mid-2025 and expects to complete the techno-economic analysis later this year. Additional testing results are anticipated to be released in the Fall.
Ramaco Resources (NASDAQ: METC, METCB) has announced its schedule for releasing second quarter 2024 financial results. The company will report its earnings on Wednesday, August 7, 2024 after market close. The earnings release will be available on Ramaco's investor relations website and major financial information sites.
Following the release, Ramaco will host an investor conference call and webcast on Thursday, August 8, 2024, at 9:00 a.m. Eastern Time. Key executives, including Chairman and CEO Randall W. Atkins, will discuss the Q2 2024 results. Investors can access the conference call by dialing 1-877-317-6789 (domestic) or 1-412-317-6789 (international). The webcast will be available at a specific link provided in the announcement.
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.
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