Access comprehensive financial analyses and make smarter investments - get the Manual of Investments on Amazon!

Ramaco Resources to Receive Preliminary Economic Assessment on Brook Mine

Ramaco Resources, Inc. (NASDAQ: METC, METCB) has announced that it will receive the preliminary economic assessment (PEA) of its Brook Mine from Fluor Corporation on July 9. The PEA will be presented to the Ramaco board of directors at its upcoming meeting, following which the company expects to release a summary of the updated information on its website.

Ramaco Resources, Inc. operates and develops high-quality, low-cost metallurgical coal in Southern West Virginia and Southwestern Virginia, and is also a developing producer of coal, rare earth, and critical minerals in Wyoming. The company has four active metallurgical coal mining complexes in Central Appalachia and one coal mine and rare earth development near Sheridan, Wyoming. Additionally, in 2023, a major deposit of primary magnetic rare earths and critical minerals was discovered at its mine near Sheridan, Wyoming. The company also operates a carbon research and pilot facility related to the production of advanced carbon products and materials from coal, holding roughly 76 intellectual property patents, pending applications, exclusive licensing agreements, and various trademarks.

No specific financial metrics or changes have been provided in the press release. Following these announcements, the company's shares moved 2.08%, and are now trading at a price of $13.27. For the full picture, make sure to review Ramaco Resources's 8-K report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

IN FOCUS