#United States #Ramaco Resources #Lexington #mining #SEC

Ramaco Resources Announces Senior Unsecured Notes Offering

Overview

Ramaco Resources, Inc., a company recognized for its operations in high-quality metallurgical coal and emerging ventures in rare earth minerals, has declared its plans for a public offering of senior unsecured notes due in 2030. This initiative is primarily geared towards enhancing its financial stability and expanding its developmental efforts in both coal and critical mineral sectors.

Offering Details

The offering will feature the issuance of senior unsecured notes, which are expected to meet the minimum denomination of $25.00. The proceeds from this offering will be utilized to redeem the current outstanding Senior Unsecured Notes due 2026 and support various corporate purposes. These purposes include funding the acceleration of rare earth development projects, making capital expenditures, and bolstering working capital.

In connection with this offering, the firm has applied for a listing of the notes on the Nasdaq Global Select Market under the symbol "METCI". Should they receive approval, trading on the Nasdaq is anticipated to commence 30 days following the initial issuance of the notes, offering potential liquidity and trading opportunities for investors.

Planned Use of Proceeds

Ramaco Resources aims to utilize the net proceeds from the offering to achieve several key objectives:

• - Redeeming existing Senior Unsecured Notes
• - Accelerating rare earth development projects in Wyoming
• - Funding future investment opportunities
• - Covering necessary capital expenditures
• - Supporting overall working capital

The company is confident that this capital influx will allow them to maintain a robust operational framework and foster growth within both their coal and rare earth mineral enterprises.

Leadership in the Offering

Lucid Capital Markets, LLC will spearhead the offering as the lead bookrunner. They will partner with prominent firms such as B. Riley Securities, Janney Montgomery Scott, Piper Sandler & Co., and William Blair & Company, all serving as joint book-running managers. Other notable managers involved include Muriel Siebert Co., InspereX LLC, and TCBI Securities.

Regulatory Compliance and Cautionary Note

This public offering adheres to the regulatory frameworks established by the Securities and Exchange Commission (SEC). The offering is in compliance with the Registration Statement on Form S-3, which became effective on September 29, 2023. Interested parties can access more information regarding this offering through the SEC's website, ensuring that they are well-informed prior to making any investment decisions.

It is crucial to note that this announcement does not constitute an offer to sell or solicit an offer to buy the notes. Any future sales in certain jurisdictions would require compliance with respective securities laws.

About Ramaco Resources

Headquartered in Lexington, Kentucky, Ramaco Resources operates four active metallurgical coal mines in Central Appalachia and is working on the development of a rare earth and critical minerals project near Sheridan, Wyoming. The company's strategic focus is on generating profitable returns while maintaining sustainable practices in their mining operations. Information regarding the company’s ongoing projects and SEC filings can be accessed at their official website.

Conclusion

Ramaco Resources' announcement to offer senior unsecured notes is a strategic step toward reinforcing their financial standing while simultaneously expanding their operations in the coal and rare earth minerals markets. As the company continues to grow, this offering represents a significant opportunity for investor engagement and operational enhancement. Stakeholders and interested investors are encouraged to stay updated through official communications to understand better the implications of this financial move.