Ramaco Resources Inc (NASDAQ: METC) is a metallurgical coal mining company that operates and develops high-quality, low-cost metallurgical coal properties in southern West Virginia and southwestern Virginia. Revenue comes from selling metallurgical coal on a transactional basis to domestic and international steel producers and coke plants. The company describes its coal as among the lowest delivered-cost U.S. metallurgical coal to North American blast furnace steel mills. Its primary development properties are Elk Creek, Berwind, Knox Creek, and Maben, all in Appalachia. Ramaco was incorporated in Delaware in October 2016, with principal corporate offices in Lexington, Kentucky and operational offices in Charleston, West Virginia. As of the 10-K filed February 26, 2026, the company is also developing a second platform near Sheridan, Wyoming, the Brook Mine, targeting coal, rare earth elements, and critical minerals, with development initiated in mid-2025. The Wyoming operations are early-stage and not yet a primary revenue source.

Revenue model

Transactional sales of metallurgical coal to steel mills and coke plants, both domestic and international.

Products and services

Metallurgical coal from Appalachian properties (Elk Creek, Berwind, Knox Creek, Maben); early-stage rare earth elements and critical minerals from the Brook Mine in Wyoming (development initiated mid-2025).

Customers and end markets

North American blast furnace steel mills and coke plants; international metallurgical coal consumers. End demand is driven by steelmaking activity.

Value-chain role

Upstream producer and developer of metallurgical coal and, in early development, rare earth elements and critical minerals. Sells directly to steel mills and coke plants.

Geographic exposure

Primary operations in southern West Virginia and southwestern Virginia; early-stage development near Sheridan, Wyoming. Corporate headquarters in Lexington, Kentucky; operational offices in Charleston, West Virginia and Sheridan, Wyoming.

Source: SEC 10-K, filed 2026-02-26

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