Ramaco Resources Announces Changes in Financial Officers and New Financing
Ramaco Resources, Inc. (METC)
Last ramaco resources, inc. earnings: 2/20 04:59 pm
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US:NASDAQ Investor Relations:
ramacoresources.com/contact-us/investor-relations
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Source: GlobeNewswire
LEXINGTON, Ky., June 14, 2018 (GLOBE NEWSWIRE) -- Ramaco Resources, Inc. (NASDAQ:METC) today announced that its wholly owned subsidiary, Ramaco Resources, LLC, has entered into an additional $7 million loan under an existing short-term credit facility with Maxus Capital Group (“Maxus”), a commercial finance company headquartered in Cleveland, OH. The short-term line of credit is secured by certain mining equipment as collateral. Together with amounts previously drawn on this line of credit, the company has drawn a total of $12 million under this equipment-based financing. The proceeds of the borrowing will be used for normal working capital requirements, as well as pay down a portion of the previous line. Ramaco Resources is an operator and developer of high-quality, low cost metallurgical coal in southern West Virginia, southwestern Virginia and southwestern Pennsylvania. The Company has five active mines within two mining complexes. “We are pleased to continue our relationship
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METC
News
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- Ramaco Resources, Inc. (NASDAQ:METC) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
METC
Earnings
- 3/7/24 - Miss
METC
Sec Filings
- 3/14/24 - Form 10-K
- 3/7/24 - Form 8-K
- 3/4/24 - Form 4
- METC's page on the SEC website