Ramaco Resources Announces Strategic Internal Corporate Reorganization

LEXINGTON, KY., March 31, 2026 – Ramaco Resources, Inc. (NASDAQ: METC, METCB; “Ramaco” or the “Company”) has unveiled a significant internal corporate reorganization aimed at unlocking shareholder value, enhancing operational focus, and improving financial transparency within its diverse business segments. This move could have a substantial impact on the company’s future growth prospects and its ability to access capital markets, making it a potentially price-sensitive development for investors.

Key Points of the Announcement

• Strategic Internal Reorganization: The Board of Directors has authorized management to execute a comprehensive internal restructuring of the company’s corporate structure. The primary goal is to better align Ramaco’s organizational framework with its various business activities and asset portfolios.
• Objectives: The reorganization is designed to:
  • Maximize shareholder value
  • Enhance operational focus
  • Improve financial and operating transparency for investors
  • Facilitate tailored financing strategies for different business divisions, including potential access to public capital markets
• Rationale: Ramaco’s asset base spans several distinct and, in some cases, unaligned business categories. The company believes that separating these into clear divisions will allow each to pursue growth and capital more efficiently, reduce the overall cost of capital, and create a more attractive investment proposition.

Details of the New Corporate Structure

Following the reorganization, Ramaco Resources will have four principal operating divisions, each placed in separate, wholly owned subsidiaries:

1. Metallurgical Coal Production and Sales Operations:
   • This division includes Ramaco’s established eastern U.S. metallurgical coal mining and sales operations, supplying high-quality coal to global steel producers.
2. Rare Earth and Critical Mineral Development and Sales Operations:
   • This division will focus on the development and commercialization of rare earth elements and critical minerals from the Brook Mine in Sheridan, Wyoming.
   • The Brook Mine is believed to contain substantial and unconventional deposits of rare earth elements (such as neodymium, praseodymium, terbium, dysprosium, yttrium, samarium, gadolinium) and critical minerals (including scandium, high purity gallium, germanium, high-purity alumina, and quartz) hosted in soft carbonaceous seams.
   • There is no certainty yet that these resources will be converted into mineral reserves or achieve commercial-scale production, representing both a significant opportunity and risk.
3. Royalty and Infrastructure Division:
   • This division will own the company’s mineral rights (coal, rare earth, and critical minerals), real property interests, and infrastructure assets across both eastern and western operations.
   • Revenue will be derived from royalties and infrastructure income from internal operating divisions, benefitting from a capital-light, high-margin model with minimal ongoing expenditures.
4. Critical Mineral Refining and Processing:
   • This division will be responsible for the future processing and refining of rare earth and critical mineral feedstock from Ramaco’s mining operations.
   • It will employ proprietary carbhlorination technology to produce multiple product streams, representing a new and potentially transformative line of business for Ramaco.

Potential Implications for Shareholders

• Enhanced Transparency and Focus: The reorganization is expected to provide investors with greater clarity into the performance and prospects of each business segment.
• Improved Access to Capital: Each division could, in the future, independently access public equity and debt markets, which may lower the overall cost of capital and boost growth prospects.
• Platform for Value Creation: The Board believes this structure will provide a stronger foundation for long-term value creation across all business lines.
• Tax Efficiency: The reorganization is planned to be implemented in a tax-efficient manner using internal restructuring transactions.
• No Immediate Change to Public Equity Listing: There will be no immediate change to Ramaco’s public equity or its listing on the Nasdaq Stock Market.
• Uncertainty and Risks: There is no guarantee regarding the timing, specific form, or ultimate success of the reorganization or the underlying business projects, particularly the conversion of mineral resources at Brook Mine into economically viable reserves.

About Ramaco Resources

Ramaco Resources is a dual-platform company operating high-quality, low-cost metallurgical coal mines in West Virginia and Virginia, and developing coal, rare earth elements, and critical minerals in Wyoming. As of this report, the company operates four active metallurgical coal mining complexes in Central Appalachia and a rare earths development near Sheridan, Wyoming. In 2023, Ramaco announced the discovery of a major deposit of primary magnetic rare earths and critical minerals at its Wyoming mine. The company also operates a carbon research and pilot facility, holding over 70 intellectual property assets related to advanced carbon products and materials derived from coal.

Cautionary Statement on Forward-Looking Information

This announcement contains forward-looking statements that are subject to risks and uncertainties, including but not limited to the successful completion and benefits of the reorganization, the development and commercialization of the Brook Mine, and the future performance of the new divisions. Actual results may differ materially due to factors such as regulatory changes, market conditions, operational risks, and the uncertainties inherent in mineral exploration and development.

Investor Contact

For further information, investors may contact Investor Relations at [email protected] or (859) 244-7455.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review all filings and disclosures by Ramaco Resources, Inc. and consult with their financial advisor before making any investment decisions. Forward-looking statements involve risks and uncertainties, and actual results may differ.

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