공지 • Oct 27
Ramaco Resources, Inc. Announces Strategic Initiative to Establish First National Critical Minerals Stockpile At Brook Mine
Ramaco Resources, Inc. announced that its Board has approved the pursuit of a groundbreaking initiative to establish a national strategic stockpile of rare earth elements and critical minerals at its Brook Mine facility in Wyoming. The Strategic Critical Minerals Terminal ("SCMT"), will be developed in collaboration with one of Ramaco's nationally recognized commodity structuring and financial advisors. 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 rareths 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 terminal to ensure the inventory is safe, secure and available for consumers at market prices. Ramaco believes that its 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 rail road 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 including defense contractors and industrial consumers nationwide. Ramaco's Board recently authorized a plan to increase the annual commercial rare earth and critical mineral oxide production projection to approximately 3,400 tons from the 1,240 tons contemplated by the Preliminary Economic Analysis by the Fluor Corp. This represents a 174% increase in oxide production and is based on Ramaco's announced goal of increasing coal production from 2 million to 5 million tons per year. The latest Technical Report Summary (TRS) from Weir on the permitted acreage confirmed an estimated 1.4 million tons of Total Rare Earth Oxide (TREO), including gallium, scandium and germanium. 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 current mine development activities, the ability to successfully ramp up production at complexes in accordance with the Company's growth initiatives, failure of sales commitment partners to perform, increased government regulation of coal in the United States or internationally, the impact of tariffs imposed by the United States and foreign governments, the further decline of demand for coal in export markets and underperformance of the railroads, the Company's ability to successfully develop the Brook Mine REE/CM project, including whether the Company's exploration target and estimates for such mine are realized, the timing of the initial production of rare earth concentrates, the development of a pilot and ultimately a full scale commercial processing facility. 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. Rare earth and critical minerals is a new initiative for company and, as such, has required and will continue to require to make significant investments to build out rare earth capabilities. As a new facet of business, there are heightened risks and uncertainties, and there is no assurance that will be able to successfully develop the Brook Mine into a commercial scale mine.