A maker of metallurgical coal in Central Appalachia, Ramaco supplies the steelmaking ingredient to mills in North America and overseas from mines at Elk Creek, Berwind, Knox Creek, and Maben. Founded in 2015 in Lexington, Kentucky, the company also runs its Brook Mine in Wyoming, where the coal-bearing rock holds concentrations of rare earths like neodymium and dysprosium — the same elements that power the strong magnets inside electric motors and electronics.
Ramaco Resources reports Q2 2026 net loss of $15.4 million and Adjusted EBITDA of $5.7 million
Repurchased 3.5 million Class A shares in Q2 at average price $14.41, spending ~$51 million; year-to-date repurchases total ~4.6 million shares for ~$66 million.
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Q2 2026 net loss was $(15.4) million, with Class A diluted EPS of $(0.26).
Quarterly Adjusted EBITDA was $5.7 million.
Ended Q2 with liquidity of $400.1 million, up nearly 360% year over year.
Full-year 2026 production guidance reduced to 3.6–3.9 million tons; sales guidance reduced to 4.0–4.3 million tons; capex guidance raised to $92–$97 million.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
The Hatch Report, dated July 28, 2026, is attached as Exhibit 99.1 and includes process definition, capital and operating cost estimates, execution strategy, and risk assessment.
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Ramaco Resources received a conceptual study from Hatch Associates Consultants, Inc. on July 28, 2026, for its exploratory Brook Mine rare earth and critical minerals project.
On July 29, 2026, Ramaco issued a shareholder letter from Chairman and CEO Randall W. Atkins discussing the Hatch Report and internal projections, attached as Exhibit 99.2.
A press release on July 29, 2026 announced the release of the Hatch Report and posted the shareholder letter, report, and a video from the Ramaco Research Rodeo on the company's website.
The report outlines a greenfield project at the Brook Mine in Wyoming using carbo-chlorination to recover gallium, germanium, scandium, and rare earth elements, with a base-case throughput of 1.3 million dry metric tonnes of ROM per year.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Ramaco Resources announces Class B stock dividend ratio of 0.011977 per share
The dividend is $0.1369 per Class B share, payable on June 26, 2026, to shareholders of record on June 12, 2026.
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On June 15, 2026, Ramaco Resources issued a press release detailing the dividend ratio for its previously declared Class B common stock dividend for Q2 2026.
The ratio is based on the June 12, 2026 closing price of $11.43 per Class B share, resulting in 0.011977 shares per share held.
No fractional shares will be issued; cash will be paid for fractional interests based on the Class B closing price.
The disclosure was made under Item 7.01 Regulation FD, with the press release attached as Exhibit 99.1.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Ramaco Resources signs non-binding MOU with REalloys for rare earth supply
Ramaco Resources, Inc. entered a non-binding memorandum of understanding with REalloys, Inc. on May 28, 2026.
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Ramaco would supply Mixed Rare Earth Carbonate (MREC) from its Wyoming project to REalloys for separation at its Saskatchewan Research Council facility.
Ramaco would also supply scandium oxide from its Brook Mine refinery for alloy metallization at REalloys' Euclid, Ohio facility.
The MOU aims to bolster America's domestic rare earth and permanent magnet supply chain.
The agreement is non-binding and subject to completion of due diligence and finalization of an offtake agreement.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits