#United States #Ramaco Resources #Lexington #Critical Minerals #IEA Coal

Mike Woloschuk of Ramaco to Address IEA Plenary on Critical Minerals

In today's rapidly evolving energy landscape, critical minerals are becoming increasingly significant to global markets and technologies. Mike Woloschuk, the Executive Vice President for Critical Mineral Operations at Ramaco Resources, Inc., is scheduled to address the plenary session of the International Energy Agency's Coal Industry Advisory Board (CIAB) on October 28th in Paris, France. His presentation, titled "Bringing Critical Minerals Production Forward," aims to shed light on the various challenges and opportunities that lie in the path from discovery to commercial-scale production of critical mineral resources.

Mike brings a wealth of experience and knowledge to the discussion. His background encompasses geology, mining, processing, and finance, making him a prominent figure in the global critical minerals field. With over $75 billion invested in various projects throughout his career, he has consistently contributed to advancing the critical minerals value chain. Earlier, he served as the Global Executive Director of Critical Minerals at Fluor Corporation, where he was instrumental in numerous large-scale critical mineral projects across the globe. Woloschuk holds degrees in chemistry and chemical engineering from the University of Saskatchewan, which underpin his expertise in the sector.

The CIAB, a collective of high-ranking industry executives, offers guidance to the International Energy Agency (IEA) on coal and associated energy matters. This advisory board draws its membership from across 10 countries, representing approximately 80 percent of global coal production and consumption. One of the paramount topics in the recent plenary sessions has been the demand and supply dynamics of critical minerals, which underscores the urgency of the matters that Mike will address.

Woloschuk is spearheading Ramaco's initiatives in developing and commercializing the Brook Mine rare earth and critical mineral operations. This project aims at harnessing newfound sources of supply in light of increasing global demand and the urgent need for sustainable resource management. The expertise Woloschuk gained from numerous international projects equips him with insights into the various technical, economic, and execution challenges that organizations must navigate to tap into new sources of supply crucial for the future economy.

About the Coal Industry Advisory Board

The Coal Industry Advisory Board was established by the IEA in 1979 to provide essential industry insights and advice regarding various coal-related issues. The board's current focus includes ensuring energy transitions, grid stability, carbon capture, utilization and storage (CCUS), and the crucial role of critical minerals in sustaining future energy demands.

About Ramaco Resources

Ramaco Resources, Inc. is primarily engaged in the operation and development of high-quality, low-cost metallurgical coal located in southern West Virginia and southwestern Virginia. The company is also exploring the potential of mining coal, rare earth, and other critical minerals in Wyoming. With its executive headquarters in Lexington, Kentucky, Ramaco operates four active metallurgical coal mining facilities in Central Appalachia alongside the Brook Mine, which is at the exploration stage for rare earth elements and other critical minerals. Notably, this facility's future commercialization remains uncertain at this stage, pending successful development and resource evaluation.

Each of these endeavors is supported by an extensive portfolio of intellectual property, comprising over 70 patents, pending applications, licenses, and trademarks, which reinforces the innovation driving Ramaco's strategies forward. As the company advances, it remains steadfast in its commitment to balanced energy production while addressing the critical challenges of resource management in a changing world.

For additional inquiries or information regarding the forthcoming presentation or Ramaco’s operational pursuits, interested parties can visit Ramaco Resources' website or contact the investor relations department directly.