Toro Company vice president Amy Dahl to depart at end of September
LEXINGTON - Ramaco Resources, Inc. (NASDAQ:METC, METCB), a metallurgical coal producer with a market capitalization of $1.7 billion, announced Tuesday the appointment of Mike Graney as an independent member to its Board of Directors, effective September 15, 2025. The company’s stock has shown remarkable strength, delivering a 176% return over the past six months according to InvestingPro data.
Graney most recently served as Executive Director and Acting Cabinet Secretary of the West Virginia Department of Economic Development, where he oversaw state government programs focused on business attraction and job growth.
With over 35 years of experience, Graney’s career includes leadership roles in both public and private sectors. He previously served as President of One Stop, a multi-unit convenience store and fuel service business in West Virginia, and as Director of Wholesale Operations for Cross America Partners LP.
"Mike’s distinguished career in economic development and the energy sector, combined with his proven leadership and dedication to the state of West Virginia, make him an invaluable addition to our team," said Randall Atkins, Chairman and Chief Executive Officer for Ramaco, in a press release statement.
Ramaco Resources operates as a metallurgical coal producer in West Virginia and Virginia, while also developing rare earth and critical minerals in Wyoming. The company announced in 2023 that it had discovered a major deposit of primary magnetic rare earths and critical minerals at its Wyoming mine.
The company maintains executive offices in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. It currently operates four active metallurgical coal mining complexes in Central Appalachia and one development rare earth and coal mine near Sheridan, Wyoming.
In other recent news, Ramaco Resources has successfully closed a $200 million public offering of Class A common stock. The company sold 10,666,667 shares at a price of $18.75 per share, raising significant gross proceeds. This offering was upsized from an initial $150 million, reflecting strong investor interest. Despite the offering being priced below the market value, the company proceeded, expecting to bolster its financial position with the funds raised. Additionally, Yorktown Energy Partners, a selling stockholder, granted underwriters a 30-day option to purchase an additional $30 million of stock, which was exercised in full. In analyst updates, Benchmark has reiterated its Buy rating for Ramaco Resources, maintaining a price target of $24.00. This rating follows discussions with the company’s senior management team, indicating continued confidence in the company’s strategic direction. These developments highlight significant financial activities and analyst perspectives for Ramaco Resources.
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