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Ramaco Resources, Inc. (NASDAQ: METC, METCB) ("Ramaco" or the "Company") Ramaco is proud to announce that its Chairman and CEO, Randall W. Atkins, has been appointed to the Executive Committee of the International Energy Agency's (IEA) Coal Industry Advisory Board (CIAB). This notable appointment recognizes Mr. Atkins' leadership in coal innovation and his advocacy for the strategic role of coal in the global energy supply chain.
The CIAB, established in 1979, is a high-level advisory body composed of senior executives from coal-related industries across 13 countries, representing nearly 80% of global coal production and consumption. Its mission is to provide expert guidance to the IEA on a wide range of coal-related issues, including energy security, energy technologies, and the management of critical mineral supply chains. The CIAB plays a vital role in shaping international energy policy.
"I am honored to join the Executive Committee of the CIAB and contribute to the global dialogue on coal's critical and evolving role," said Randall Atkins. "Coal is no longer just a fuel—it is a foundation for innovation. From advanced carbon materials to rare earths and critical minerals, coal has value as a fuel, as a catalyst to make steel and far more than is traditionally perceived. I look forward to working with international leaders to chart a new course for this vital resource."
"As the Chairman of the CIAB, I am delighted to welcome Mr. Randall Atkins to the Executive Committee," said July Ndlkovu, Chief Executive Officer Thungela Resources and CIAB Chair. "He brings a wealth of experience on the critical role of coal, both in the United States and in global energy systems. We value his innovative approach to a broader and evolving role for coal."
Under Mr. Atkins' leadership, Ramaco Resources has emerged as a pioneer in redefining coal's role in the 21st century. The company is developing the Brook Mine in Wyoming, the first new rare earth and critical minerals mine in the United States in over 70 years. This groundbreaking project leverages coal seams and adjacent materials to extract critical minerals and rare earth elements, essential for defense technologies, semiconductors, and national security.
Ramaco's innovative approach has also positioned it at the forefront of coal-to-products research, with over 76 intellectual property patents, pending applications and licenses related to carbon materials and rare earth processing. The company operates a mine-mouth research campus in Wyoming and collaborates with national laboratories to advance technologies that replace petroleum with coal in manufacturing advanced carbon products.
Ramaco's dual-platform strategy—combining metallurgical coal production with critical mineral development—aligns with U.S. efforts to reindustrialize domestic supply chains.
ABOUT RAMACO RESOURCES
Ramaco Resources, Inc. is an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia, and southwestern Virginia and a developing producer of coal, rare earth and critical minerals in Wyoming. Its executive offices are in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. The Company currently has four active metallurgical coal mining complexes in Central Appalachia and one development rare earth and coal mine near Sheridan, Wyoming in the initial stages of production. In 2023, the Company announced that a major deposit of primary magnetic rare earths and critical minerals was discovered at its mine near Sheridan, Wyoming. Contiguous to the Wyoming mine, the Company operates a carbon research and pilot facility related to the production of advanced carbon products and materials from coal. In connection with these activities, it holds a body of roughly 76 intellectual property patents, pending applications, exclusive licensing agreements and various trademarks. News and additional information about Ramaco Resources, including filings with the Securities and Exchange Commission, are available at https://www.ramacoresources.com. For more information, contact investor relations at (859) 244-7455.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Ramaco Resources' expectations or beliefs concerning guidance, future events, anticipated revenue, future demand and production levels, macroeconomic trends, the development of ongoing projects, costs and expectations regarding operating results, and it is possible that the results described in this news release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Ramaco Resources' control, which could cause actual results to differ materially from the results discussed in the forward-looking statements. These factors include, without limitation, unexpected delays in our current mine development activities, the ability to successfully ramp up production at our complexes in accordance with the Company's growth initiatives, failure of our sales commitment counterparties to perform, increased government regulation of coal in the United States or internationally, the impact of tariffs imposed by the United States and foreign governments, the further decline of demand for coal in export markets and underperformance of the railroads, the Company's ability to successfully develop the Brook Mine REE/CM project, including whether the Company's exploration target and estimates for such mine are realized, the timing of the initial production of rare earth concentrates, the development of a pilot and ultimately a full scale commercial processing facility. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Ramaco Resources does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Ramaco Resources to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements found in Ramaco Resources' filings with the Securities and Exchange Commission ("SEC"), including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The risk factors and other factors noted in Ramaco Resources' SEC filings could cause its actual results to differ materially from those contained in any forward-looking statement.
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SOURCE Ramaco Resources, Inc.
