Ramaco Resources will establish a national strategic stockpile of rare earth elements (REEs) and critical minerals at its Brook mine facility in Wyoming. The Strategic Critical Minerals Terminal (SCMT) will position Ramaco as the most comprehensive, vertically integrated upstream, midstream and downstream producer of critical minerals and REEs in the United States.
The SCMT stockpile will provide long-term strategic stockpiling, storage, and inventory management solutions for Ramaco’s broad basket of critical minerals and rare earths. Ramaco expects to not only process its own rare earths and minerals but will also offer tolling services for third-party producers, further strengthening the domestic supply chain. The stockpile will be managed as a state-of-the-art terminal to ensure the inventory is safe, secure and available for consumers at market prices.
Ramaco said it believes that the Brook mine site offers significant advantages for the SCMT stockpile placement due to its strategic location and infrastructure access. The site benefits from direct connectivity to the BNSF railroad and is adjacent to a major interstate highway, both of which are expected to facilitate efficient transportation and distribution of materials to a broad range of customers.
Goldman Sachs will act as the exclusive structuring agent for the Brook Mine SCMT stockpile initiative.
Source: Ramaco Resources