#Ramaco Resources #METC #Coal Production

Ramaco Resources Secures $57 Million in Senior Unsecured Notes Offering

In a significant move to bolster its financial standing, Ramaco Resources, Inc. (NASDAQ: METC, METCB, METCL, METCZ) announced the successful completion of a $57 million public offering of senior unsecured notes due 2030 as of July 31, 2025. This strategic offering is poised to offer the company a steady financial foundation as it looks to expand its operations in the coal mining and rare earth industries.

Details of the Offering

The senior unsecured notes will mature on July 31, 2030 unless they are redeemed early. These notes carry a competitive interest rate of 8.250% annually, payable in installments every January, April, July, and October, with the first payment scheduled for October 30, 2025. Once they reach July 31, 2027, Ramaco Resources reserves the option to fully redeem the notes at their principal amount, along with any accrued but unpaid interest. Notably, there are provisions for redemptions related to specific change of control events, highlighting the company's proactive strategy to maintain investor confidence and stability in operational aspects.

Ramaco's issuance of these notes is indicative of the company's growth trajectory, as the gross proceeds will be directed towards redeeming outstanding 9.00% Senior Notes due 2026, alongside general corporate purposes, including advancements in rare earth project developments, investments for future growth, capital expenditures, and working capital.

Financial Implications and Market Impact

With approximately $34.5 million currently outstanding in 2026 Senior Notes, the infusion of $57 million will markedly enhance Ramaco’s liquidity and support their strategic initiatives. The potential for the underwriters to acquire an additional $8.0 million of these notes reflects strong market confidence in Ramaco's growth prospects.

The company filed an application to list the notes on the Nasdaq Global Select Market under the symbol