Expansion Into Rare Earth ElementsMETC is developing its Brook Mine, a thermal coal deposit that holds rare earth elements/critical minerals, which could transform the company by expanding beyond its legacy met coal business and capitalizing on US efforts to reshore the domestic REE/CM supply chain.
Financial PerformanceRamaco Resources reported 3Q adjusted EBITDA of $8M, topping the $5M consensus, indicating strong financial performance.
Liquidity And Financial PositionFollowing a $200M equity raise, liquidity ended 3Q at a record level of $272M, significantly improving the company's financial position.