Ramaco CEO appointed to IEA coal advisory board executive committee

LEXINGTON - Ramaco Resources, Inc. (NASDAQ:METC, METCB) announced Monday that its Chairman and CEO Randall W. Atkins has been appointed to the Executive Committee of the International Energy Agency’s Coal Industry Advisory Board (CIAB). The announcement comes as the company’s stock has seen significant momentum, with InvestingPro data showing a remarkable 345% return over the past year, despite a recent 13% pullback in the last week.

The CIAB, established in 1979, is an advisory body comprised of senior executives from coal-related industries across 13 countries, representing approximately 80% of global coal production and consumption. The board provides guidance to the IEA on coal-related issues including energy security, technologies, and critical mineral supply chains. For investors following this sector, InvestingPro offers comprehensive analysis with 12+ additional ProTips and detailed metrics about Ramaco’s market position.

"I am honored to join the Executive Committee of the CIAB and contribute to the global dialogue on coal’s critical and evolving role," Atkins said in a press release statement.

CIAB Chair July Ndlkovu, who also serves as Chief Executive Officer of Thungela Resources, welcomed Atkins to the executive committee, noting his experience with coal’s role in U.S. and global energy systems.

Ramaco Resources has been developing the Brook Mine in Wyoming, which the company describes as the first new rare earth and critical minerals mine in the United States in over 70 years. The project aims to extract critical minerals and rare earth elements from coal seams and adjacent materials.

The company operates a research campus in Wyoming and holds 76 intellectual property patents, pending applications and licenses related to carbon materials and rare earth processing, according to the announcement.

Ramaco Resources currently operates four metallurgical coal mining complexes in Central Appalachia and one developing rare earth and coal mine near Sheridan, Wyoming. The company maintains a current market capitalization of $2.7 billion and operates with a moderate debt-to-equity ratio of 0.39. Investors should note that Ramaco is scheduled to report its next earnings on November 5th, with analysts currently projecting challenging conditions ahead. Get deeper insights into Ramaco’s financial health and future prospects with InvestingPro’s exclusive Research Report.

In other recent news, Ramaco Resources has been the subject of analyst attention, with Baird initiating coverage on the company with an Outperform rating and a price target of $63.00. Similarly, Lucid Capital Markets has started coverage on Ramaco Resources with a Buy rating, highlighting the company’s potential to nearly double its production levels. Ramaco has also been approved as a member of the Defense Industrial Base Consortium, allowing it access to a network of defense contractors and federal agencies for research and production opportunities related to national defense. Additionally, Martin van Wyk has been appointed as the Senior Vice President of Critical Minerals Processing, bringing over 23 years of experience to lead development at the Brook Mine Project in Wyoming. In corporate governance, Jessica Graney has joined the Ramaco Foundation Board of Directors, following the company’s addition of $500,000 to the Foundation’s balance. These developments indicate a strategic focus on expanding Ramaco’s operations and influence in both the mining and defense sectors.

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