Ramaco Resources Enhances Transparency with New FAQ Section for Brook Mine Project

In response to shareholder requests, Ramaco Resources, Inc. has recently introduced a comprehensive FAQ section on its official website. This new feature primarily aims to address queries concerning the Brook Mine project, which focuses on rare earth elements and critical minerals. The development comes as the company gains momentum in executing its ambitious mining plans, ensuring stakeholders remain updated about significant developments.

Overview of the New FAQ Section

The FAQ section serves as a valuable resource, providing insights on various topics, including the company's financial transactions and its robust liquidity position. This positioning is vital as Ramaco looks to advance its rare earth and critical mineral projects. It also sheds light on the rich history of the Brook Mine, detailing its background in collaboration with the U.S. Department of Energy's National Energy Technology Laboratory.

Among the highlights in the FAQ are the mining initiation at the Brook Mine, updates on the pilot processing facility currently under construction in Wyoming, and discussions regarding the pilot prototype being developed in Canada. The section also includes results from independent third-party reports, including a Preliminary Economic Assessment and multiple Technical Report Summaries. Such analyses aim to provide a clearer picture of the commercial viability of the project's rare earth elements and critical minerals, especially concerning the significant production potential of natural scandium sourced from the mine.

The FAQ also covers the varied applications of the rare earths and critical minerals found at the Brook Mine site. With a progressive approach, the company is integrating innovative technologies, including artificial intelligence, into resource mapping for ongoing construction and testing activities.

Commitment to Transparency

Randall W. Atkins, Chairman, and CEO of Ramaco Resources, emphasized the importance of this initiative, stating, “Our decision to add a dedicated FAQ section on the Brook Mine to our website grew from shareholder feedback to keep the public fully informed as our project development accelerates.” Given the unique nature of the Brook Mine, this move is expected to cater to the heightened interest from stakeholders, allowing them direct access to clear and concise information about the project's progress, plans, and ongoing activities.

About Ramaco Resources

Ramaco Resources, Inc. operates and develops high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia. Additionally, it is establishing itself as a significant producer of rare earth elements and critical minerals in Wyoming. With executive offices located in Lexington, Kentucky, and operational offices in Charleston, West Virginia, and Sheridan, Wyoming, Ramaco currently manages four active metallurgical coal mining complexes and is in the early production stages at a rare earth and coal mine near Sheridan. The past few years have seen promising developments, including the discovery of a major deposit of primary magnetic rare earths and critical minerals at the Wyoming mine. Furthermore, the company operates a carbon research and pilot facility that focuses on creating advanced carbon products and materials derived from coal.

In connection with its ongoing projects, Ramaco holds an impressive portfolio of about 76 intellectual property patents, pending applications, exclusive licensing agreements, and various trademarks. Interested parties can access more information regarding Ramaco Resources, including its filings with the Securities and Exchange Commission, at Ramaco Resources.

Concluding Remarks

The establishment of the FAQ section marks a significant step towards enhanced communication between Ramaco Resources and its shareholders. As the company dives deeper into the realm of rare earth and critical minerals, stakeholders can expect continued transparency and updates on the Brook Mine project, reinforcing the company’s commitment to fostering a well-informed investor base. This initiative not only strengthens Ramaco's relationship with its shareholders but also positions the company favorably within the increasingly competitive landscape of the mining industry.