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Stock impact report

RAMACO RESOURCES EXPERIENCES METHANE IGNITION AT BERWIND COMPLEX

Ramaco Resources, Inc. (METC) 
Last ramaco resources, inc. earnings: 2/20 04:59 pm Check Earnings Report
Company Research Source: PR Newswire
LEXINGTON, Ky., July 11, 2022 /PRNewswire/ -- On July 10, 2022, Ramaco Resources, Inc. (NASDAQ: METC) ("Ramaco Resources" or the "Company") experienced a material methane ignition at its Berwind mining complex (the "Berwind Complex").  Currently, the cause of the ignition is unknown.  The Company, in conjunction with the appropriate state and federal regulatory authorities, will be conducting a full investigation into the incident. The mine was idle at the time of the incident, and there were no personnel in the mine nor any injuries or fatalities.   At this time, Ramaco Resources will be evaluating the extent of the damage. Production from the Berwind Complex is expected to be impacted for an indeterminant period of time.  The Company will provide further future information regarding plans for both the rehabilitation and restarting of the mine as it becomes available. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTSCertain statements contained in this press release constitut Show less Read more
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