#United States #Ramaco Resources #METC #Lexington #Public Offering

Introduction

On August 7, 2025, Ramaco Resources, Inc. (NASDAQ: METC, METCB) announced the successful closing of its upsized public offering of Class A common stock, raising a significant $200 million. This close marks a pivotal moment for the company, indicating a robust market response and a strong confidence from investors in Ramaco's future.

Offering Details

The company sold approximately 10,666,667 shares at an offering price of $18.75. This allowed them to gather substantial gross proceeds, which is expected to propel their business objectives forward. Notably, an influx of $30 million in additional shares was granted as an option that was promptly exercised by underwriters.

Funding Utilization

The proceeds from this public offering are earmarked for multiple strategic growth initiatives. This includes ramping up the development of their rare earth elements project and funding critical minerals operations. Additionally, funds will be allocated for general corporate purposes, highlighting the company's proactive approach in both expanding and solidifying their operational foundation.

Key Collaborators

The successful execution of this public offering was overseen by prestigious financial institutions, Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC, who acted as lead managers for the offering. Their expertise undoubtedly contributed to the efficacy of the capital raise process. Furthermore, legal advisement by ArentFox Schiff LLP for the company and Davis Polk Wardwell LLP for the underwriters ensured a smooth transaction.

Company Profile

Headquartered in Lexington, Kentucky, Ramaco Resources is engaged in developing high-quality metallurgical coal across southern West Virginia and southwestern Virginia while also pioneering in the production of rare earth and critical minerals in Wyoming. With four active mining complexes and a notable developmental project designated for rare earth mineral extraction, Ramaco's strategic positioning aims at leading the charge in a burgeoning industry. Their recent discovery of a significant deposit at their Sheridan, Wyoming site holds promising potential that could position Ramaco as a notable player in this space.

Future Outlook

The closing of this offering not only lays the groundwork for immediate developments but also reflects the underlying confidence in Ramaco's long-term vision. As they advance towards expanding their capabilities and product lines, the firm has issued a statement reminding stakeholders of the nature of forward-looking statements and the associated risks. They ensured transparency regarding their operational expectations and the economic environment.

Conclusion

The closing of the $200 million public offering marks a notable achievement for Ramaco Resources. With a comprehensive plan in place for utilizing the proceeds, the company is set to enhance its role in the mining and resource sector significantly. Stakeholders can anticipate a strategic push in both growth and innovation as Ramaco leverages these newly acquired resources to build a more sustainable future in essential mineral production, critical for today's economy.

For further information about Ramaco Resources, interested parties can reach out to their investor relations department at (859) 244-7455.