Ramaco Resources Initiates $150 Million Public Offering for Class A Common Stock
On August 5, 2025, Ramaco Resources, Inc. (traded on NASDAQ as METC and METCB) announced the launch of its underwritten public offering, aiming to raise $150 million through the sale of its Class A common stock. The organization, well-known for its metallurgical coal operations, has made this move to fuel the developmental acceleration of its rare earth elements and critical minerals project. Additionally, the funds are intended for various strategic growth opportunities and general corporate needs.
As part of this offering, key stakeholders Yorktown Energy Partners IX, L.P., Yorktown Energy Partners X, L.P., and Yorktown Energy Partners XI, L.P. have expressed intentions to provide underwriters with a 30-day option to purchase up to an additional $22.5 million of the company's stock at the public offering price, which subtracts the underwriting discount.
It's essential to note that the successful completion of this offering depends heavily on market situations and regulatory approvals, indicating that the finalization and specifics concerning the offering remain uncertain. Ramaco Resources has clarified that it will not derive any profit from shares sold by Yorktown should the underwriters choose to exercise their option for additional purchases.
The proceeds from this offering signify an essential step towards enhancing Ramaco's capabilities in the rare earth elements sector, which has garnered increasing attention globally. In recent years, the demand for these elements has surged due to their critical role in technologies ranging from renewable energy solutions to advanced electronic devices.
Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are leading the offering as joint book-running managers, a role that underscores the significance of this financial maneuver. To ensure regulatory compliance, Ramaco has submitted a shelf registration statement for the offered securities, which took effect immediately upon filing with the Securities and Exchange Commission (SEC).
The company also announced that a preliminary prospectus supplement, along with a comprehensive prospectus regarding this offering, will be submitted to the SEC and later made accessible on their website. Stakeholders and interested parties can obtain copies of the documents through the offices of Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC.
In its current operational landscape, Ramaco Resources is recognized as a prominent player in the coal industry. The company specializes in developing high-quality and cost-efficient metallurgical coal in southern West Virginia and southwestern Virginia while also emerging as a producer of coal, rare earths, and critical minerals in Wyoming. With headquarters located in Lexington, Kentucky, Ramaco is actively engaged in enhancing its operational footprint.
The discoveries made at the Sheridan, Wyoming site, where a significant deposit of primary magnetic rare earths and other critical minerals has been uncovered, place Ramaco at the forefront of a burgeoning industry characterized by high demand and strategic importance. The company’s involvement in rare earth minerals is further complemented by its carbon research and pilot facility, which targets the advancement of carbon products derived from coal.
As of 2023, Ramaco Resources holds a portfolio of approximately 76 patents and licensing agreements related to advanced carbon products, solidifying its innovative approach within the industry.
In conclusion, Ramaco Resources' recent undertaking reflects its vision to transition towards sustainability and modernization within the mineral sector. The public offering not only presents a financial avenue to support business development but also emphasizes the growing significance of renewable energy and technology components. Investors keen on being part of this evolving landscape can stay tuned for further updates on the public offering and its implications for the company’s future.
For further inquiries about this offering and Ramaco Resources, interested investors are encouraged to reach out to their investor relations division at (859) 244-7455.