Ramaco Resources, Inc. announced the closing of its previously announced underwritten public offering of Class A common stock. The Company sold 10,666,667 shares of Class A common stock in the Offering at a public offering price of $18.75 per share. The aggregate gross proceeds to the Company from the Offering were approximately $200 million, before deducting underwriting discounts, commissions and other Offering expenses. The Company currently intends to use the net proceeds from the Offering to fund the acceleration of its development of its rare earth elements and critical minerals project, for strategic growth opportunities and for general corporate purposes. Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC acted as lead joint book-running managers of the Offering. Ramaco Resources, Inc. is an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia, and southwestern Virginia and a developing producer of coal, rare earth and critical minerals in Wyoming.

RAMACO RESOURCES, INC. ANNOUNCES CLOSING OF UPSIZED $200 MILLION PUBLIC OFFERING

Ramaco Resources, Inc. closed a $200 million public offering, selling 10,666,667 shares of Class A common stock at $18.75 per share. The company plans to use the net proceeds for rare earth elements development, strategic growth, and corporate purposes, with Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC as lead underwriters.