Ramaco Resources reports Q2 EPS (29c), consensus (20c)

Reports Q2 revenue $152.96M, consensus $131.55M. Randall Atkins, Ramaco Resources (METC)’ chairman and CEO commented, “Given the recent events with both the Summary of the Fluor PEA Report our historic ribbon cutting at the Brook Mine, I begin my comments discussing our emerging rare earth and critical minerals business. I want to first thank all of the dignitaries for taking part in the opening of the country’s first new rare earth mine in more than 70 years. This marked a historic milestone for our country. It also reflected an inflection point in the transition of Ramaco becoming a dual platform company with production and processing operations in both the rare earth and critical minerals oxides, as well as being a leading metallurgical coal producer.”