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LEXINGTON, Ky. - Ramaco Resources, Inc. (NASDAQ:METC) announced Tuesday it has commenced a $150 million underwritten public offering of its Class A common stock. The company, currently valued at $1.28 billion, has seen its stock surge 124% over the past six months, trading near its 52-week high of $24.75.
The coal mining company said selling stockholders Yorktown Energy Partners will grant underwriters a 30-day option to purchase up to an additional $22.5 million of Class A common stock at the public offering price, less underwriting discount.
Ramaco intends to use net proceeds to accelerate development of its rare earth elements and critical minerals project in Wyoming, pursue strategic growth opportunities, and for general corporate purposes. The company will not receive proceeds from any shares sold by Yorktown if underwriters exercise their option for additional shares.
Morgan Stanley and Goldman Sachs are serving as lead joint book-running managers for the offering.
The offering is subject to market conditions, with no guarantee of completion or final terms. A shelf registration statement for the securities was filed with the Securities and Exchange Commission and became effective Tuesday.
Ramaco Resources operates four metallurgical coal mining complexes in Central Appalachia and is developing a rare earth and coal mine near Sheridan, Wyoming. In 2023, the company announced discovery of a major deposit of primary magnetic rare earths and critical minerals at its Wyoming site. While current analysis from InvestingPro suggests the stock is trading above its Fair Value, investors can access detailed financial health metrics and 10+ additional ProTips through the comprehensive Pro Research Report, available exclusively to subscribers.
The announcement was made in a press release statement from the company.
In other recent news, Ramaco Resources Inc. reported a net loss of $14 million for the second quarter of 2025, marking a decline from the previous quarter. Despite maintaining a strong liquidity position, the company’s earnings announcement led to a decrease in its stock price. Investor concerns were heightened due to the company’s reduced production guidance and ongoing challenges within the coal market. These developments have drawn attention from analysts and investors alike. While specific analyst upgrades or downgrades were not mentioned, the financial performance and market conditions are likely to influence future evaluations. The recent earnings report underscores the difficulties faced by Ramaco Resources in navigating current market dynamics.
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