Recent Updates — METCI

Ramaco Resources, Inc. announced that a federal jury returned a verdict on September 25, 2026, awarding $30.0 million in damages to its subsidiary, Ramaco LLC, in an insurance coverage lawsuit against Federal Insurance Company and ACE American Insurance Company. The verdict addresses Hayseeds damages arising from the insurers' wrongful denial of a claim related to a November 2018 structural failure at the Elk Creek preparation plant's raw coal storage silo. The jury awarded $27.5 million for net economic loss caused by settlement delays and $2.5 million for aggravation and inconvenience. Attorney’s fees remain undetermined by the court. Defendants have 30 days to file a notice of appeal following post-trial motions. Ramaco Resources, Inc. operates in the metallurgical coal mining industry.

Former U.S. Senator Joseph Manchin III resigned from the Board of Directors and all committee positions at Ramaco Resources, Inc., effective September 4, 2026. The resignation was voluntary to allow him to focus on his independent leadership council movement with his daughter Heather and was not due to any disagreement regarding the company's operations or policies. Manchin served as Chair of the Technology Committee and held seats on the Environmental, Health, and Safety and Government Relations Committees. Ramaco Resources operates in the metallurgical coal mining sector, developing high-quality coal assets in Central Appalachia and exploring critical minerals projects.

Ramaco Resources announced internal personnel promotions and a new hire effective August 20, 2026. Evan H. Jenkins was promoted to Chief Administrative Officer while retaining his roles as Vice Chair and Secretary. J. Tyler Adkins became General Counsel from his previous role as SVP of Law, and Tyler H. Fields was promoted to Assistant General Counsel. Additionally, Cameron H. Adkins joined the company as Director of Law, Finance, and Operations. Ramaco Resources operates in the mining industry, specializing in metallurgical coal production and exploration.

Ramaco Resources reported a second quarter 2026 net loss of $15.4 million and diluted EPS of $(0.26), with Adjusted EBITDA of $5.7 million. The company repurchased nearly 4.6 million Class A shares year-to-date for approximately $66 million, representing over 8% of outstanding shares. It announced a stock dividend of $0.1535 per share of Class B common stock, payable in additional Class B shares on September 25, 2026, to holders of record as of September 11, 2026. Ramaco also released a conceptual study for its Brook Mine critical minerals project, estimating an $8 billion net present value and $3.2 billion in capital costs with initial production targeted for 2031. The company operates high-quality metallurgical coal mines in Central Appalachia and is developing rare earth and critical mineral projects.