Jessica Graney appointed to Ramaco Foundation board

LEXINGTON - Ramaco Resources, Inc. (NASDAQ:METC, METCB) announced today the appointment of Jessica Graney to the Ramaco Foundation Board of Directors. The metallurgical coal producer, currently valued at $2 billion, has seen its stock surge nearly 231% year-to-date, according to InvestingPro data.

The appointment comes as the coal mining company added $500,000 to the Foundation’s balance, bringing total company contributions to $1.5 million since the Foundation’s establishment in 2022.

Graney succeeds her late husband, Pat Graney, who was a founding director of the Ramaco Foundation and served on the Ramaco Resources Board. According to a company press release, the Foundation has distributed over $400,000 to charitable organizations across West Virginia, Virginia, and Wyoming since its inception.

"Jessica has been a steadfast supporter of Ramaco for many years, and to charitable and philanthropic causes within the State of West Virginia for decades," said Randall W. Atkins, Chairman and CEO of Ramaco Resources and Chairman of the Ramaco Foundation.

The Ramaco Foundation operates as a 501(c)(3) grant-making organization supporting nonprofit initiatives focused on education, community revitalization, and regional volunteer fire and rescue services in areas where Ramaco’s approximately 1,000 employees live and work.

Ramaco Resources operates four metallurgical coal mining complexes in Central Appalachia and is developing a rare earth and coal mine near Sheridan, Wyoming. The company announced the discovery of a major deposit of primary magnetic rare earths and critical minerals at its Wyoming site in 2023. Trading near its 52-week high of $35.55, the stock has shown remarkable momentum with a 187% return over the past year.

In other recent news, Ramaco Resources, Inc. announced the completion of its $200 million public offering of Class A common stock. The company sold 10,666,667 shares at a price of $18.75 each, and the offering included an option for underwriters to purchase an additional $30 million in shares, which was fully exercised. Benchmark has reiterated its Buy rating for Ramaco Resources, maintaining a price target of $24.00 after discussions with the company’s senior management.

Additionally, Ramaco Resources has appointed Mike Graney to its Board of Directors. Graney previously served in the West Virginia Department of Economic Development. These developments reflect the company’s ongoing strategic initiatives and financial activities.

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