Strong Operational Performance
Despite challenging market conditions, Ramaco Resources reported the highest cash margins per ton and highest realized sales price among peers. The company also achieved record mine production of 1 million tons this quarter.
Cost Management Success
Cash cost per ton sold remained under $100 for the second consecutive quarter, placing Ramaco in the first quartile of the cost curve among U.S. coal met producers.
Rare Earth Project Advancement
Significant progress made on the Brook Mine rare earth project with completed testing and plans to initiate large-scale mining. The project is poised as a major domestic source of rare earths and critical minerals with low radioactive character.
Liquidity and Strong Balance Sheet
Liquidity of $118 million was reported, up almost 25% year-on-year, with a strong net debt to adjusted EBITDA ratio of less than 0.7x.
New Executive Leadership
Mike Woloschuk, with over 30 years of experience in critical minerals, joins as EVP to oversee the rare earth project.