false
0001687187
0001687187
2026-03-16
2026-03-16
0001687187
METC:ClassCommonStock0.01ParValueMember
2026-03-16
2026-03-16
0001687187
METC:ClassBCommonStock0.01ParValueMember
2026-03-16
2026-03-16
0001687187
METC:Sec8.375SeniorNotesDue2029Member
2026-03-16
2026-03-16
0001687187
METC:Sec8.250SeniorNotesDue2030Member
2026-03-16
2026-03-16
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (date of earliest event reported): March 16, 2026
Ramaco Resources, Inc.
(Exact name of registrant as specified in its charter)
| Delaware |
|
001-38003 |
|
38-4018838 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(I.R.S.
Employer
Identification No.) |
250 West Main Street, Suite 1900
Lexington, Kentucky 40507
(Address of principal executive offices, including zip code)
(859) 244-7455
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
| ☐ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
| Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered
|
Class A Common Stock, $0.01 par value
|
|
METC |
|
Nasdaq
Global Select Market |
Class B Common Stock, $0.01 par value
|
|
METCB |
|
Nasdaq Global Select Market |
| 8.375% Senior Notes due 2029 |
|
METCZ
|
|
Nasdaq Global Select Market |
| 8.250% Senior Notes due 2030 |
|
METCI |
|
Nasdaq Global Select Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure.
On
March 16, 2026, Ramaco Resources, Inc. (the “Company”) issued a press release (the “Press Release”) announcing
the dividend ratio of its previously declared stock dividend for the first quarter of fiscal year 2026 relating to its Class B common
shares to shareholders of record on March 13, 2026. A copy of the Press Release is attached hereto as Exhibit 99.1 to this Current Report
on Form 8-K and is incorporated herein by reference.
None
of the information furnished in this Item 7.01 will be deemed “filed” for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall
not be incorporated by reference into any registration statement or other document under the Securities Act of 1933, as amended, or the
Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits
(d)
Exhibits.
| Exhibit No. |
|
Description |
| 99.1 |
|
Press Release issued by Ramaco Resources, Inc. dated March 16, 2026 |
| 104 |
|
Cover Page Interactive Data
File (formatted as Inline XBRL) |
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
| |
RAMACO
RESOURCES, INC. |
| |
|
| Date:
March 16, 2026 |
By: |
/s/
Randall W. Atkins |
| |
|
Randall
W. Atkins |
| |
|
Chairman,
Chief Executive Officer |
Exhibit 99.1
Ramaco Resources Announces
First Quarter Class
B Stock Dividend Details
LEXINGTON, Ky., March 16, 2026 (PRNEWSWIRE) – Ramaco Resources,
Inc. (NASDAQ: METC, METCB, “Ramaco” or the “Company”) a leading operator and developer of high-quality, low-cost
metallurgical coal in Central Appalachia and developing producer of coal, rare earth elements and critical minerals in Wyoming, today
announced the dividend ratio of its previously declared Class B common stock dividend for the first quarter of 2026.
As previously announced, the board of directors approved and declared
a quarterly Class B common stock dividend of $0.1489 per share of Class B common stock, payable on March 27, 2026 (the “Payment
Date”), to shareholders of record on March 13, 2026 (the “Record Date”), with the dividend to be paid in shares of Class
B common stock.
Also as previously announced, Class B common stockholders will receive
a number of shares of Class B common stock for each share owned of Class B common stock determined by dividing $0.1489 by the closing
transaction price of the Class B common stock on March 13, 2026, which was $10.43 per share (the “Class B Closing Price”).
Based on the Class B Closing Price, each Class B common stockholder
will receive 0.014276 of one share of Class B common stock for each share of Class B common stock held by the Class B common stockholder
at the close of the market on March 13, 2026.
No fractional shares will be issued in connection with the above-described
stock dividend. In lieu of the issuance of fractional shares, the Company will pay in cash on the Payment Date the fair value of the fractions
of a share issuable, determined as of the close of Nasdaq on the Record Date and based upon the Class B Closing Price.
For additional information please see our Current Report on Form 8-K
which is expected to be filed with the Securities and Exchange Commission later today.
ABOUT RAMACO RESOURCES
Ramaco Resources, Inc. is a dual platform critical mineral company
that is both 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 (“REE/CM”) in Wyoming. The Company’s 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 (the
“Brook Mine”) 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 currently
operates a carbon research and pilot facility related to the development and production of advanced carbon products and materials derived
from coal. In connection with these activities, it holds a body of more than 70 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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained in this news release constitute “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, any statements
related to Ramaco’s plan for the Brook Mine, as well as expected benefits and advantages from the Brook Mine, and the anticipated mineral
sources at the Brook Mine. These forward-looking statements represent Ramaco Resources’ expectations or beliefs concerning guidance, future
events, anticipated revenue, future demand and production levels, macroeconomic trends, the development of ongoing projects, costs and
expectations regarding operating results, and it is possible that the results described in this news release will not be achieved.
These forward-looking statements are subject to risks, uncertainties
and other factors, many of which are outside of Ramaco Resources’ control, which could cause actual results to differ materially from
the results discussed in the forward-looking statements.
These factors include, without limitation, unexpected delays in our
current mine development activities, the ability to successfully increase production at our existing met coal complexes in accordance
with the Company’s growth initiatives, failure of our sales commitment counterparties to perform, increased government regulation of coal
in the United States or internationally, the impact of tariffs imposed by the United States and foreign governments, the further decline
of demand for coal in export markets and underperformance of the railroads, the Company’s ability to successfully develop the Brook Mine
REE/CM project, including whether the Company’s exploration target and estimates for such mine are realized, the timing of the initial
production of rare earth concentrates, the development of a pilot and ultimately a full scale commercial processing facility. Mineral
resources are not mineral reserves and do not meet the threshold for reserve modifying factors, such as estimated economic viability,
that would allow for conversion to mineral reserves. There is no certainty that any part of the estimated mineral resources at Brook Mine
will be converted into mineral reserves in the future. Rare earth and critical minerals is a new initiative for us and, as such, has required
and will continue to require us to make significant investments to build out our rare earth capabilities.
Any forward-looking statement speaks only as of the date on which it
is made, and, except as required by law, Ramaco Resources does not undertake any obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Ramaco
Resources to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and
other cautionary statements found in Ramaco Resources’ filings with the Securities and Exchange Commission (“SEC”), including
its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The risk factors and other factors noted in Ramaco Resources’ SEC filings
could cause its actual results to differ materially from those contained in any forward-looking statement.
POINT OF CONTACT
INVESTOR RELATIONS: info@ramacometc.com or 859-244-7455