Ramaco Resources, Inc. announces expansion of future production with agreement to acquire Maben Coal LLC and expansion of Elk Creek coal preparation plant
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
Company Research
Source: PR Newswire
LEXINGTON, Ky., Aug. 8, 2022 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC) ("Ramaco" or the "Company") announced that it has entered into a Securities Purchase Agreement with Appleton Coal LLC to acquire 100% of the membership interests in Maben Coal LLC for an aggregate purchase price of $30 million (the "Acquisition"). The purchase price will consist of (i) $9 million to be paid in cash at closing and (ii) $21 million to be paid from the proceeds of a secured note payable to Investec Bank, PLC (the "Lender") pursuant to a vendor loan facility between the Lender and the Company. The completion of the Acquisition remains subject to customary closing conditions, including obtaining certain consents and delivery of ancillary transaction documents. The Company anticipates that the closing will occur in August. The Acquisition is anticipated to be accretive to the Company over the next 12 months. The coal reserves held by Maben Coal LLC consist of approximately 33 million tons o
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METC
News
- Ramaco Resources, Inc. (NASDAQ: METC) had its price target lowered by analysts at B. Riley from $25.00 to $24.00. They now have a "buy" rating on the stock.MarketBeat
- Those who invested in Ramaco Resources (NASDAQ:METC) three years ago are up 375% [Yahoo! Finance]Yahoo! Finance
- Ramaco Resources, Inc. (NASDAQ:METC) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap? [Yahoo! Finance]Yahoo! Finance
- Ramaco Resources: The Latest Report Still Does Not Impress [Seeking Alpha]Seeking Alpha
- 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