#United States #Ramaco Resources #METC #Lexington #stock offering

Ramaco Resources Inc. Pricing of a $200 Million Public Offering

Ramaco Resources, Inc. (NASDAQ: METC, METCB) is making headlines with its announcement of an upsized underwritten public offering of Class A common stock, aiming to raise approximately $200 million. This move marks a significant moment for the company, which is actively involved in developing various mining operations.

The offering consists of 10,666,667 shares priced at $18.75 per share, with the expectation of yielding gross proceeds that could bolster the company’s growth trajectory. The funds from this public offering are intended to support Ramaco's focus on enhancing its rare earth elements and critical minerals projects. In a strategic effort to maximize opportunities, the company has partnered with key stakeholders for a 30-day over-allotment option, which allows underwriters to purchase additional shares worth up to $30 million.

Ramaco Resources is primarily recognized for its operations in southern West Virginia and southwestern Virginia, focusing on high-quality, low-cost metallurgical coal. The company maintains its headquarters in Lexington, Kentucky, with operational sites in Charleston, West Virginia, and Sheridan, Wyoming. Currently, Ramaco operates four active metallurgical coal mining complexes and is progressing towards production on a developing coal and rare earth mine in Wyoming.

In 2023, a significant discovery of primary magnetic rare earths and critical minerals was made near Sheridan, Wyoming, emphasizing the company's innovative approach to mining. This effort is in synchronization with the company’s operational carbon research and pilot facility aimed at producing advanced carbon products from coal, evidencing Ramaco's commitment to sustainable practices.

The involvement of Morgan Stanley and Goldman Sachs as the lead joint book-running managers of this offering indicates strong institutional interest and professional backing, providing investors confidence in the impending success of this initiative. The SEC has already processed Ramaco's shelf registration statement, making the offering officially recognized and available for trading.

The anticipated closing date for this offering is set on August 7, 2025, contingent upon fulfilling customary closing conditions. This strategic financial maneuver not only reflects Ramaco's proactive business tactics but also its eagerness to harness growth in an evolving market environment.

As the company navigates through this public offering, it emphasizes responsible management and adherence to regulatory compliance. Upon the closing of this offering, the proceeds are expected to strategically enhance development projects and stimulate potential growth avenues in line with corporate objectives.

For further inquiries regarding this public offering, investors are encouraged to reach out via Ramaco’s investor relations at (859) 244-7455. This initiative underscores a pivotal step in the company's vision towards becoming a key player in both coal and critical mineral markets, signifying a promising future for Ramaco Resources.

Conclusion

Ramaco’s ambitious efforts mark a transformative stage in its operations, with the anticipated funding paving the way for groundbreaking developments in the mining sector. As the market eagerly awaits the results of this offering, the trajectory of Ramaco Resources remains in sharp focus, underscoring the interplay of finance and resource management.

This announcement serves as a landmark event for Ramaco Resources, solidifying its intent to forge ahead in the competitive landscape of mining and materials. With the integration of strategic funding and expansion plans, the company is set to embark on a transformative journey poised for success in the fast-evolving market for minerals and natural resources.