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.
Ramaco Resources, Inc. (NASDAQ: METC, METCB) generates a steady flow of corporate and project-related news tied to its role as an operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and a developing producer of coal, rare earth and critical minerals in Wyoming. Investors following METCB news can track updates on both its metallurgical coal platform in southern West Virginia and southwestern Virginia and its Brook Mine rare earth and critical minerals project near Sheridan, Wyoming.
Recent Ramaco Resources announcements highlight a range of financial, operational, and strategic developments. The company has reported amendments to its revolving credit facility, the pricing of convertible senior notes, and the authorization of a share repurchase program for its Class A common stock. It has also issued multiple press releases detailing stock dividends on its Class B common stock, reflecting board decisions on capital allocation and shareholder returns.
News specific to the Brook Mine project includes the initiation of mining at the fully permitted site, construction of a pilot processing facility in Wyoming and a pilot prototype in Canada, and the posting of a detailed FAQ section addressing shareholder questions about rare earths and critical minerals. Ramaco Resources has also announced a non-binding memorandum of understanding to negotiate an offtake partnership for customized rare earth oxide blends from its Brook Mine, underscoring the project’s role in the domestic rare earth and permanent magnet supply chain.
Additional coverage features corporate governance and policy-related items, such as the appointment of Ramaco’s Chairman and CEO to the re-established National Coal Council and media appearances to discuss U.S. critical minerals and the Brook Mine development. Visitors to this METCB news page can review these press releases and related updates to understand how Ramaco Resources is progressing its coal, rare earth, and critical mineral initiatives, as well as its financing and shareholder-focused actions.
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.
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