Company Description
METCL is the Nasdaq Global Select Market trading symbol for the 9.00% Senior Notes due 2026 issued by Ramaco Resources, Inc. Ramaco Resources is described in company disclosures and press releases as an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and as a developing producer of rare earth and critical minerals in Wyoming. The company’s executive offices are in Lexington, Kentucky, with operational offices in Charleston, West Virginia, and Sheridan, Wyoming.
Ramaco Resources’ securities registered under Section 12(b) of the Securities Exchange Act of 1934 have included Class A common stock (trading symbol METC), Class B common stock (trading symbol METCB), the 9.00% Senior Notes due 2026 (trading symbol METCL), 8.375% Senior Notes due 2029 (trading symbol METCZ), and 8.250% Senior Notes due 2030 (trading symbol METCI), all listed on the Nasdaq Global Select Market according to multiple Form 8-K filings.
The METCL notes represent a class of senior unsecured debt of Ramaco Resources. Company filings state that these notes are senior obligations that rank equal in right of payment with the company’s other senior unsecured indebtedness. The notes have been referenced in a series of Form 8-K filings and related indenture documents describing their terms, including interest, maturity, redemption provisions, and their role in the company’s broader capital structure alongside later issuances of 8.375% Senior Notes due 2029 and 8.250% Senior Notes due 2030.
Ramaco Resources has used public debt offerings as part of its financing activities. For example, Form 8-K filings describe offerings of 8.250% Senior Notes due 2030 and 8.375% Senior Notes due 2029 under a shelf registration statement on Form S-3. Disclosures indicate that net proceeds from certain note offerings were used to redeem all of the company’s outstanding 9.00% Senior Notes due 2026 and for general corporate purposes, including funding the acceleration of rare earth development, funding future investments, making capital expenditures, and funding working capital.
A Form 25 filing submitted by Nasdaq Stock Market LLC for Ramaco Resources, Inc. specifically identifies the 9.00% Senior Notes due 2026 and indicates a notification of removal from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934. This Form 25 relates to the METCL notes and reflects the process of striking this class of securities from listing on the exchange in connection with the company’s broader refinancing and redemption activities described in its 8-K filings.
Ramaco Resources’ business profile, as described in its press releases, combines metallurgical coal operations in Central Appalachia with a developing rare earth and critical minerals project near Sheridan, Wyoming. The company states that it 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. These operations form the industrial and resource base that underlies Ramaco Resources’ various equity and debt securities, including the METCL notes.
Investors researching METCL are typically examining the historical terms and trading of the 9.00% Senior Notes due 2026, their relationship to subsequent debt offerings such as METCZ and METCI, and the company’s disclosures about redemptions and refinancing. Because the notes are tied to Ramaco Resources’ broader corporate and operational profile in metallurgical coal and rare earth and critical minerals, understanding the issuer’s sector, geographic focus, and capital markets activity is central to interpreting the history and characteristics of the METCL security.