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Stock impact report

Lawsuit alleges rare earth mineral mine in Wyoming misled public and investors [Yahoo! Finance]

Ramaco Resources, Inc. - Class B (METCB) 
Company Research Source: Yahoo! Finance
Last July, Ramaco Resources, a coal mining company in Wyoming's Powder River Basin, opened the first rare earth mineral mine in the U.S. in more than 70 years. It was also the first new coal mine to open in the state in decades, which has been a difficult proposition for many states in the West, despite the Trump administration's recent push to open up more public lands for coal mining. The Brooks Mine near Sheridan is able to produce minerals that can be refined in only a few places. China has the market all but cornered and, as such, a domestic source for scandium, gallium and germanium — which are necessary for renewable energy sources, batteries, defense systems as well as fiber optics, infrared optics, solar cells and electronics — was a reason to celebrate. Wyoming's governor, the state's sole congresswoman as well as one of its two U.S. senators attended the ceremony as did Energy Secretary Chris Wright. “We want to see the coal production grow in this country. This part Show less Read more
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