LEXINGTON, Ky., March 4,
2025 /PRNewswire/ -- Ramaco Resources,
Inc. (NASDAQ: METC, METCB, "Ramaco" or the "Company") a
leading operator and developer of high-quality, low-cost
metallurgical coal in Central
Appalachia and future developer of rare earth elements and
critical minerals in Wyoming,
today announced the dividend ratio of its previously declared Class
A common stock dividend for the first quarter of 2025.
RAMACO ANNOUNCES FIRST QUARTER OF 2025 DIVIDEND
DETAILS
As previously announced, the Board of Directors approved and
declared a quarterly Class A common stock dividend of $0.1375 per share of Class A common stock,
payable on March 14, 2025 (the
"Payment Date"), to shareholders of record on February 28, 2025 (the "Record Date"), with the
dividend to be paid in shares of Class B common stock.
Also as previously announced, Class A common stockholders will
receive a number of shares of Class B common stock for each share
of Class A common stock determined by dividing $0.1375 by the closing transaction price of the
Class B common stock on February 28,
2025, which was $8.85 per
share (the "Class B Closing Price").
Based on the Class B Closing Price, each Class A common
stockholder will receive 0.015537 of one share of Class B common
stock for each share of Class A common stock held by the Class A
common stockholder at the close of the market on February 28, 2025.
No fractional shares will be issued in connection with the
above-described stock dividend. In lieu of the issuance of
fractional shares, the Company will pay in cash on the Payment Date
the fair value of the fractions of a share issuable, determined as
of the close of Nasdaq on the Record Date and based upon the Class
B Closing Price.
For additional information please see our Current Report on Form
8-K which is expected to be filed with the Securities and Exchange
Commission later today.
ABOUT RAMACO RESOURCES
Ramaco Resources, Inc. is an operator and developer of
high-quality, low-cost metallurgical coal in southern West Virginia, and southwestern Virginia and a developing producer of coal,
rare earth and critical minerals in Wyoming. Its executive offices are in
Lexington, Kentucky, with
operational offices in Charleston, West
Virginia and Sheridan,
Wyoming. The Company currently has four active metallurgical
coal mining complexes in Central
Appalachia and one coal mine and rare earth development near
Sheridan, Wyoming in the initial
stages of production. In 2023, the Company announced that a major
deposit of primary magnetic rare earths and critical minerals was
discovered at its mine near Sheridan,
Wyoming. Contiguous to the Wyoming mine, the Company operates a carbon
research and pilot facility related to the production of advanced
carbon products and materials from coal. In connection with these
activities, it holds a body of roughly 76 intellectual property
patents, pending applications, exclusive licensing agreements and
various trademarks. News and additional information about Ramaco
Resources, including filings with the Securities and Exchange
Commission, are available at https://www.ramacoresources.com. For
more information, contact investor relations at (859) 244-7455.
POINT OF CONTACT
INVESTOR RELATIONS: info@ramacometc.com or 859-244-7455
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
Certain statements contained in this news release constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements represent Ramaco Resources' expectations or beliefs
concerning guidance, future events, anticipated revenue, future
demand and production levels, macroeconomic trends, the development
of ongoing projects, costs and expectations regarding operating
results, and it is possible that the results described in this news
release will not be achieved. These forward-looking statements are
subject to risks, uncertainties and other factors, many of which
are outside of Ramaco Resources' control, which could cause actual
results to differ materially from the results discussed in the
forward-looking statements. These factors include, without
limitation, unexpected delays in our current mine development
activities, the ability to successfully ramp up production at our
complexes in accordance with the Company's growth initiatives,
failure of our sales commitment counterparties to perform,
increased government regulation of coal in the United States or internationally, the
further decline of demand for coal in export markets and
underperformance of the railroads, the expected benefits of the
Ramaco Coal and Maben acquisitions
to the Company's shareholders, the anticipated benefits and impacts
of the Ramaco Coal and Maben
acquisitions, and the Company's ability to successfully develop the
Brook Mine, including whether the increase in the Company's
exploration target and estimates for such mine are realized. Any
forward-looking statement speaks only as of the date on which it is
made, and, except as required by law, Ramaco Resources does not
undertake any obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise. New factors emerge from time to time, and it is not
possible for Ramaco Resources to predict all such factors. When
considering these forward-looking statements, you should keep in
mind the risk factors and other cautionary statements found in
Ramaco Resources' filings with the Securities and Exchange
Commission ("SEC"), including its Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q. The risk factors and other factors
noted in Ramaco Resources' SEC filings could cause its actual
results to differ materially from those contained in any
forward-looking statement.
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SOURCE Ramaco Resources, Inc.
