Former Senator Manchin Joins Ramaco Resources Board

By Bobby Samwell • Monday, April 21 10:04 • Permanent Link

Former U.S. Senator Joseph Manchin III has joined the board of directors of Ramaco Resources, Inc., effective April 18, 2025. Ramaco Resources is a leading producer of metallurgical coal and critical minerals. Senator Manchin's appointment brings decades of national leadership in energy policy and economic development to the company. As a former West Virginia governor, secretary of state, and United States senator, as well as past chairman of the Senate Energy and Natural Resources Committee, Senator Manchin has been a steadfast advocate for metallurgical coal and the wider U.S. mining industry.

Ramaco Resources is advancing its rare earth element development in Wyoming, and Senator Manchin’s experience in national defense and critical mineral supply chains brings valuable strategic advice and guidance to the company. Ramaco Resources holds a body of roughly 60 intellectual property patents, pending applications, exclusive licensing agreements, and various trademarks related to its activities.

In 2023, the company announced the discovery of a major deposit of primary magnetic rare earths and critical minerals at its mine near Sheridan, Wyoming. Ramaco Resources currently operates four active metallurgical coal mining complexes in central Appalachia and one coal mine and rare earth development near Sheridan, Wyoming in the initial stages of production.

Senator Manchin expressed his pride in supporting a company that is investing in the nation's people, resources, and resilience. He highlighted Ramaco's work in producing metallurgical coal and advancing critical mineral development, reflecting the spirit of hard work, innovation, and national pride.

Ramaco Resources is headquartered in Lexington, Kentucky, with operational offices in Charleston, West Virginia, and Sheridan, Wyoming. The company's focus on developing urgently needed domestically sourced minerals critical to national security aligns with Senator Manchin's knowledge of policy and national supply chain priorities. As a result of these announcements, the company's shares have moved -2.0% on the market, and are now trading at a price of $9.67. For the full picture, make sure to review Ramaco Resources's 8-K report.

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