Ramaco Resources to receive Brook Mine assessment from Fluor

Ramaco Resources, Inc. (NASDAQ: METC, METCB) will receive a Preliminary Economic Assessment of its Brook Mine from Fluor Corporation on July 9, according to a company statement.

The assessment will be presented to Ramaco's Board of Directors at a board meeting. Following the presentation and board review, the company expects to release a summary of the updated information to its website this week.

Ramaco Resources operates metallurgical coal mines in southern West Virginia and southwestern Virginia, and develops coal, rare earth and critical minerals in Wyoming. The company has four active metallurgical coal mining complexes in Central Appalachia and one coal mine and rare earth development near Sheridan, Wyoming.

In 2023, the company announced discovery of a deposit of primary magnetic rare earths and critical minerals at its Wyoming mine. The company also operates a carbon research and pilot facility for advanced carbon products and materials from coal.

Ramaco holds approximately 76 intellectual property patents, pending applications, exclusive licensing agreements and trademarks related to its operations.

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