Financing ·
Ramaco Resources, Inc. announced a significant expansion plan for its Brook Mine project, aiming to increase annual…
METCBRamaco Resources, Inc.
Ramaco Resources, Inc. announced a significant expansion plan for its Brook Mine project, aiming to increase annual coal production from 2 million to 5 million tons and rare earth oxide production from 1,240 to 3,400 tons. The company also raised $200 million in new common equity and received a term sheet to expand its revolving credit facility from $200 million to $400 million, with an accordion feature to reach $550 million. Ramaco Resources, Inc. is a producer of metallurgical coal, rare earth, and critical minerals.