Here are the 10-K annual reports from Ramaco Resources, Inc. 8.250% Senior Notes due 2030 (METCI) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow METCI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full METCI filings page.
Ramaco Resources, Inc. filed an amended 2025 annual report to revise how it describes the Brook Mine rare earth and critical minerals project and related technical studies. The company now characterizes Brook Mine as an exploration stage property and emphasizes that its mineral resource estimates are inferred resources, not mineral reserves, with no assurance they can be economically developed into a commercial-scale mine.
The amendment clarifies that a prior Fluor Corporation “Preliminary Economic Assessment” was a conceptual study not prepared under Subpart 1300 of Regulation S‑K, updates the Brook Mine Technical Report Summary, corrects exhibit references, and adds a previously omitted director signature. Beyond these changes, Ramaco reiterates its core business as a producer of high-quality metallurgical coal in West Virginia and Virginia and an explorer of coal, rare earth and other critical minerals in Wyoming.
Ramaco reports 85 million reserve tons and 1,337 million measured and indicated resource tons of metallurgical coal across its Elk Creek, Berwind, Knox Creek and Maben complexes, with an estimated capacity of about four million clean tons annually as of December 31, 2025. In 2025 it sold 3.8 million tons of coal for $536.6 million of revenue, serving both North American and export steel and specialty markets while also investing in advanced carbon materials research near Brook Mine.
Ramaco Resources, Inc. details its business, strategy and risks as a dual-platform producer of metallurgical coal and emerging rare earth and critical mineral assets. The company operates mining complexes in West Virginia and Virginia with an estimated 85 million reserve tons and 1,337 million measured and indicated resource tons of metallurgical coal.
As of December 31, 2025, Ramaco had about four million tons of annual coal production capacity and plans to grow output to possibly more than seven million clean tons, subject to market conditions and permitting. In 2025 it sold 3.8 million tons of coal and generated $536.6 million of revenue, with 37% from North American customers and 63% from export markets.
The company is developing the Brook Mine in Wyoming, a 15,800-acre property hosting unconventional rare earth element and critical mineral resources, though these are classified only as inferred resources and not reserves. Ramaco highlights significant regulatory, environmental and market risks, including heavy Chinese competition in rare earths, customer concentration in steel, extensive permitting requirements and evolving climate and environmental regulation.