1. Ramaco Resources will update on Brook Mine project by July 1, 2025. 2. The company operates coal and rare earth projects in West Virginia and Wyoming. 3. A significant deposit of rare earths was discovered in Wyoming in 2023. 4. Ramaco also develops carbon products from coal at its Wyoming facility. 5. The company holds about 60 patents related to its coal and mineral operations.
The upcoming update may signal strengthening financial forecasts and market interest in rare earths.
Investors may view positive outcomes from the Brook Mine as vital to METC's future.
Discovery and development of critical minerals will fuel future growth and investor interest over time.
-- Ramaco Resources, Inc. (NASDAQ: METC, METCB) ("Ramaco Resources" or the "Company") announces that it will release updated information, including preliminary economics, for its Brook Mine Rare Earth and Critical Minerals Project on July 1, 2025, before 9 am Eastern Standard Time.
Ramaco Resources, Inc. is 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 in Wyoming. Its 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 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 operates a carbon research and pilot facility related to the production of advanced carbon products and materials from coal. In connection with these activities, it holds a body of roughly 60 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.
INVESTOR RELATIONS: ir@ramacoresources.com or 859-244-7455
SOURCE Ramaco Resources, Inc.