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.
