Ramaco Resources has entered into a non-binding memorandum of understanding with REalloys Inc., an Ohio-based rare earth company, to establish a strategic relationship intended to bolster the United States’ domestic rare earth and permanent magnet supply chain. “Ramaco is proud to pursue a future partnership with REalloys to supply domestically sourced mixed rare earth carbonates and scandium oxide that could…
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Ramaco undergoes internal restructuring
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…
Read MoreAtkins tapped for National Coal Council
U.S. Secretary of Energy Chris Wright has appointed Ramaco Resources Chairman and CEO Randall Atkins as a member of the re-established National Coal Council (NCC). The move allows Atkins to return to NCC service; he was the last chairman of the council in 2021 when former President Biden allowed the charter to lapse, forcing it to cease operations. “The Council’s…
Read MoreMulberry, Ramaco to bolster domestic RE supply
Permanent magnet manufacturer Mulberry Industries and miner Ramaco Resources have entered into a non-binding memorandum of understanding to negotiate an offtake partnership that will bolster America’s domestic rare earth and permanent magnet supply chain. Under the MoU, Ramaco will negotiate an agreement to provide Mulberry, on a non-exclusive basis, with customized oxide blends containing the rare earth elements samarium, NdPr,…
Read MoreRamaco Resources to create Strategic Critical Minerals Terminal
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,…
Read MoreRamaco Resources breaks ground on pilot plant
Ramaco Resources reported that initial mobilization and site development activities have commenced for its new pilot processing plant and laboratory, located adjacent to the Brook mine and near the iCAM Research Center outside Sheridan, Wyo. “We believe this groundbreaking marks the beginning of a new chapter in American rare earth minerals. Our goal is to build the foundation for a…
Read MoreRamaco Resources appoints SVP of Critical Minerals Processing
Ramaco Resources named Martin van Wyk as senior vice president of Critical Minerals Processing. He brings more than 23 years of global experience in mineral processing, hydrometallurgy, and rare earth elements (REEs) flowsheet development to the role. “Martin’s depth of experience in rare earth and critical mineral processing is unmatched, and his innovative approach to flowsheet development and process optimization…
Read MoreA moment in time for rare earths
It seems like the topic of rare earth elements has been buzzing at its peak for a while now. While some of that conversation has come from the government via regulatory chatter and the “we-said, they-said” of what the future supply chain will look like – and cost – the tone has changed significantly in the past several months following…
Read MoreRamaco to hold ceremony for new RE mine
Ramaco Resources and Ramaco Rare Earth will host a ribbon cutting and groundbreaking ceremony on July 11 to commemorate the opening of the Brook Mine Carbon Ore Rare Earth project – the first new rare earth mine in the United States in more than 70 years and the first new coal mine in Wyoming in over 50 years. The event,…
Read MoreRamaco Resources names new executive
Ramaco Resources has hired Michael Woloschuk as executive vice president for critical mineral operations. He will lead all aspects of the company’s work to develop and commercialize the Brook rare earth mine in Sheridan, Wyo. Most recently, Woloschuk served as global executive director of Critical Minerals for the Fluor Corporation, where he was also involved in development of the Brook…
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