Ramaco Resources has undergone a strategic internal corporate reorganization designed to align the company’s corporate organization with its distinct business activities and asset portfolios.
By organizing its assets and operations into clearly defined business divisions, Ramaco said it intends to enhance the development and financing flexibility as well as position each division to pursue dedicated financing strategies tailored to its specific capital needs, growth profile, and investor base.
This includes the potential in the future for one or more divisions to separately access public equity and debt capital markets. The structure is intended to enable each business division to attract capital from investors and financing sources best suited to its unique risk and return profile, thereby reducing Ramaco’s overall cost of capital and maximizing long-term shareholder value.
Following the reorganization, Ramaco expects its business activities to be organized into the following four principal operating divisions:
Metallurgical Coal Production and Sales Operations. Consists of the established eastern United States metallurgical coal mining production and sales operations.
Rare Earth and Critical Mineral Development and Sales Operations. Encompasses both the development and sales from the Western rare earth, critical mineral exploration and development, and thermal mining operations being pursued at the Brook Mine located near Sheridan, Wyo.
Royalty and Infrastructure. Holds the mineral rights in coal as well as rare earth and critical minerals, real property interests, and infrastructure assets across both Ramaco’s Eastern and Western operations.
Critical Mineral Refining and Processing. Responsible for the future processing and refining of rare earth and critical mineral feedstock expected to be produced by Ramaco’s mining operations, utilizing its proprietary carbochlorination processing technology.
Source: Ramaco Resources