Ramaco Resources, Inc. Announces Major Independent Rare Earth Elements Update From Weir International; New Shareholder Letter Released; Conference Call To Be Held March 27 [Yahoo! Finance]
Ramaco Resources, Inc. - Class B (METCB)
Company Research
Source: Yahoo! Finance
developer of high-quality, low-cost metallurgical coal, announced that the Company is publishing today the Updated Technical Report Summary ("Report") undertaken by its independent reserve geologist, Weir International, Inc. ("Weir") regarding Ramaco's Brook Mine rare earth opportunity. The full Report can be found on our website www.ramacoresources.com In addition to the Report, Ramaco's Chairman and Chief Executive Randall Atkins has written an accompanying Shareholder Letter to explain the Report's findings. The letter also sets forth what steps we have taken to advance the development of the Brook Mine, what independent test results have determined, what steps will be taken toward potential commercialization, and some preliminary structural and financial options. In terms of the Report's key findings, both the reported Brook Mine's rare earth tonnage volume and concentrations estimates have almost doubled since Weir's initial May 2023 Report. Overall tonnage estimates now stan
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