METC

EX-99.1

2 metc-20260804xex99d1.htm

EX-99.1

Exhibit 99.1

RAMACO RESOURCES REPORTS

SECOND QUARTER 2026 RESULTS

LEXINGTON, KY., August 4, 2026 -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, “Ramaco” or the “Company”) is a leading operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and is exploring a coal, rare earth, and other critical minerals project in Wyoming. Today it reported financial results for the three and six months ended June 30, 2026 (the “Results”).

SECOND QUARTER 2026 HIGHLIGHTS

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●The Company had a quarterly net loss of $(15.4) million and Class A diluted EPS of $(0.26).

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●The Company had quarterly Adjusted EBITDA of $5.7 million, defined as adjusted earnings before interest, taxes, depreciation, amortization, equity-based compensation, and, when applicable, certain other non-operating and expense items that are non-recurring and not related to the underlying business performance, a non-GAAP measure (“Adjusted EBITDA”). See “Reconciliation of Non-GAAP Measures” below.

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●During the second quarter, the Company repurchased 3.5 million Class A common shares in the open market at an average price of $14.41 per share, spending approximately $51 million. Year to date, the Company has repurchased nearly 4.6 million Class A common shares at an average price of $14.44, spending almost $66 million. These repurchases represent over 8% of the Class A common shares outstanding. At these price levels, we believe share repurchases represent a prudent use of our capital.

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●The Company ended the second quarter with liquidity of $400.1 million, an increase of nearly 360% year over year. The Company’s balance sheet remains among the strongest in its history.

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●In its core metallurgical coal business, the Company had quarterly non-GAAP cash mine cost per ton sold of $99, which was $4 lower than the second quarter of 2025. (See “Reconciliation of Non-GAAP Measures” below.) This represented the fourth consecutive sub-$100 per ton cash cost quarter. The Company’s cash costs remain in the first quartile of the U.S. metallurgical coal cost curve.

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●In June, the Company’s Board of Directors (“Board”) approved a $25 million development project for the first two underground sections at our Maben Complex, with spending planned over the next 12 months. Given strong low-vol market conditions, we anticipate this will add 0.6 million premium low-vol tons of production at full capacity, at cash margins roughly double the Company’s overall second quarter margins.

MARKET COMMENTARY / 2026 OUTLOOK

Rare Earths and Critical Minerals:

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●As Ramaco continues its transition into a dual platform company, it released an independent conceptual study prepared by Hatch Associates Consultants, Inc. (“Hatch”) on July 29, 2026. The Hatch report provides a preliminary process definition to assess the financial viability of the Brook Mine critical mineral and rare earth project (the “Brook Project”). This report superseded an earlier July 2025 conceptual report prepared by Fluor Corp.

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●Internal modeling using the financial information on capital and operating costs from Hatch shows a potential net present value (NPV) of $8 billion for the Brook Mine and average annual adjusted EBITDA of $1.3 billion. These figures represent a material increase in the potential financial metrics for the Brook Project relative to the Fluor report.

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●The Hatch report preliminarily estimated the capital for construction of the project at $3.2 billion, with an additional contingency of ~$0.8 billion. The report further estimated timing for initial production to be in 2031. As the Brook Project evolves, we anticipate that further testing and engineering optimization will be deployed to compress the current estimated projected capital and timing.

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●As Hatch moves forward with a subsequent Preliminary Feasibility Study next year, we expect an interim study of revised economics by year-end 2026. We are also exploring various enhancements to the Brook Project such as the potential upside from blending e-waste and PVC into our carbonaceous feedstock as well as including other critical mineral elements in our product mix which have not been reported to date.

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●The Hatch report will be followed by a Technical Report Summary (“TRS”) for the Initial Assessment of the Brook Project, which will be focused on geological matters.

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●We remain in advanced discussions regarding potential domestic and international offtake transactions and non-dilutive third-party project financing involving public and private sectors.

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●The pilot plant’s building structure continues to be constructed in Wyoming, with completion of the building structure expected in the fall of 2026. The interior equipment and testing facilities are being fabricated at the Zeton, Inc. facility in Canada. That fabrication will also begin in the fall, with full-scale pilot operations expected to commence in 2027.

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Metallurgical Coa

EX-99.1

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EX-99.1

Exhibit 99.1

RAMACO RESOURCES REPORTS

FIRST QUARTER 2026 RESULTS

LEXINGTON, KY., May 11, 2026 -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, “Ramaco” or the “Company”) is a leading operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and is transitioning to develop an exploratory rare earth and critical minerals project in Wyoming. Today it reported financial results for the three months ended March 31, 2026 (the “Results”).

FIRST QUARTER 2026 HIGHLIGHTS

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●The Company had a quarterly net loss of $(18.3) million and Class A diluted EPS of $(0.30).

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●The Company had quarterly Adjusted EBITDA of $(1.8) million defined as adjusted earnings before interest, taxes, depreciation, amortization, equity-based compensation, and, when applicable, certain other non-operating and expense items that are non-recurring and not related to the underlying business performance, a non-GAAP measure (“Adjusted EBITDA”). See “Reconciliation of Non-GAAP Measures” below.

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●During the first quarter and through the close of business on May 8, 2026, the Company has purchased $37 million or 2.5 million shares of Class A common shares in the open market at an average price of $14.54 per share. Overall, these repurchases represent almost 5% of the Class A common shares. At current price levels, we believe share repurchases represent a prudent use of our capital.

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●The first quarter reflected liquidity of $488.8 million, an increase of more than 310% year over year. The Company’s balance sheet remains among the strongest in its history.

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●This financial strength has allowed the Company to optimize the transition into a dual platform critical minerals company with liquidity for both future growth of metallurgical coal production as well as advancement of our exploratory rare earths and critical minerals project in Wyoming. This year it has also provided the optionality to enhance shareholder value through opportunistic open market purchases of the Company’s Class A common stock.

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●The Company had quarterly non-GAAP cash mine cost per ton sold of $98 which was consistent with the first quarter of 2025. (See “Reconciliation of Non-GAAP Measures” below.) The Company’s cash costs continue to remain in the first quartile of the U.S. metallurgical coal cost curve.

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●First quarter 2026 cash margins of $16 per ton declined from first quarter 2025 margins of $24 per ton due to the $20 per ton decline in U.S. high-vol indices over that same period. We view current high-vol price indices as unsustainable, as the majority of global high-vol mines remain unprofitable on a sustainable cost basis.

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●We anticipate upward movement in U.S. coal pricing in the second half of 2026, caused by anticipated higher cost domestic high-vol supply contraction, coupled with Australian benchmark pricing having risen $50 per ton in the first quarter of 2026 versus the first quarter of 2025.

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MARKET COMMENTARY / 2026 OUTLOOK

Rare Earths and Critical Minerals:

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●The Company anticipates receipt in late June of a revised conceptual study being prepared by the engineering firm of Hatch Ltd. (“Hatch”). It will be followed soon thereafter with a Technical Report Summary (“TRS”) for the Initial Assessment of the Brook Mine project from Weir International (“Weir”). Both the Hatch study and

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Weir TRS are being prepared utilizing the carbochlorination process for recovery of critical minerals. This technique is currently used extensively in the titanium dioxide industry.

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●Internal projections continue to estimate that this flowsheet process should generate materially increased incremental revenue and free cash flow when compared to our previously published projections in the Fluor study prepared in July 2025 which utilized a hydrometallurgical extraction process with a solvent extraction refining technique.

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●We continue discussions regarding both potential critical mineral product offtake transactions and non-dilutive third-party project financing involving public and private sectors both domestically and overseas.

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●The pilot plant’s building structure is now being constructed in Wyoming with anticipated completion this summer. Design and construction of the interior equipment and testing facilities being fabricated at the Zeton, Inc. facility in Canada will begin in the Fall and full-scale pilot operations should commence in 2027.

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Metallurgical Coal Sales, Marketing and Growth Projects:

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●Sales commitments for 2026 currently total 3.5 million tons as of April 30. This sales level equates to 90% of 2026 production guidance at the midpoint of 3.9 million tons.

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●1.1 million tons at an average realized fixed price of $138 per ton are committed to North American customers. An additional 1.0 million tons at an average fixed price of $107 per ton are committed to seaborne customers. In total, 2.1 million tons are committed at an average fixed price

EX-99.1

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EX-99.1

Exhibit 99.1

RAMACO RESOURCES REPORTS

FOURTH QUARTER and FULL-YEAR 2025 RESULTS

LEXINGTON, KY., February 25, 2026 -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, “Ramaco” or the “Company”) is a leading operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and is transitioning to also become a developer of rare earth and critical minerals in Wyoming. Today it reported financial results for the three and twelve month periods ending December 31, 2025 (the “Results”).

FOURTH QUARTER 2025 HIGHLIGHTS

●The Company had a quarterly net loss of $(14.7) million and Class A diluted EPS of $(0.26). Class A diluted EPS was $(0.22) excluding a $2.5 million one-time, non-recurring expense incurred in connection with the structuring of a strategic critical minerals terminal at the Company’s Brook Mine.

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●The Company had quarterly Adjusted EBITDA of $8.9 million defined as adjusted earnings before interest, taxes, depreciation, amortization, certain non-operating expenses, the non-recurring expense noted above and equity-based compensation, a non-GAAP measure (“Adjusted EBITDA”). Also, see “Reconciliation of Non-GAAP Measures” below.

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●The Company had quarterly non-GAAP cash mine cost per ton sold of $92 which was a $5 per ton decline compared to the third quarter of 2025. (See “Reconciliation of Non-GAAP Measures” below.) The Company’s cash costs continue to remain in the first quartile of the U.S. cost curve. This quarter also represented the Company’s strongest quarter in terms of cash costs per ton in four years.

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●Fourth quarter cash margins of $24 per ton equaled those of the first quarter as the strongest of 2025 despite the U.S. high-vol metallurgical coal indices having fallen 17% during that time. They also exceeded third quarter margins by 4%, despite a 4% quarterly decline in U.S. high-vol metallurgical coal indices.

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FULL-YEAR 2025 HIGHLIGHTS

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●For full-year 2025 Ramaco had a net loss of $(51.4) million and Class A diluted EPS of $(0.99). Class A diluted EPS was $(0.95), excluding the one-time, non-recurring expense noted above.

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●For full-year 2025 Adjusted EBITDA was $36.1 million as defined above.

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●For full-year 2025 non-GAAP cash mine cost was $98 per ton sold, which was a $7 per ton decline compared to full-year 2024. (See “Reconciliation of Non-GAAP Measures” below.)

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●For full-year 2025 cash margins were $22 per ton, compared to $35 per ton in 2024 principally because of lower priced metallurgical coal indices in 2025.

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●The fourth quarter reflected record liquidity of $521 million, an increase of more than 275% year over year. The Company’s balance sheet is now the strongest in its history, despite challenging price declines and the weakness in the metallurgical coal markets.

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●This financial strength will allow the Company to optimize the transition and growth into a dual platform critical minerals company including both future growth of metallurgical coal production as well as the advancement of our rare earths and critical mineral development.

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MARKET COMMENTARY / 2026 OUTLOOK

Rare Earths and Critical Minerals:

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●The Company continues to progress to development of a Pre-Feasibility Study (“PFS”). It is announcing today that it has developed a fundamental alternative flowsheet design for the processing of its rare earth elements and critical minerals from coal deposits. This process is both proprietary and patent-pending and has been developed by Ramaco’s new internal critical mineral processing team. It has also now been endorsed by third party independent testing groups.

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●This design improves upon the solvent extraction processing techniques previously modeled and outlined in the Preliminary Economic Assessment (“PEA”) prepared in mid-2025 by Fluor Corporation.

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●The alternative flowsheet design uses a carbochlorination process for recovery of critical minerals. Internal projections estimate that this flowsheet process will generate materially increased incremental revenue and free cash flow when compared to our previously published projections which had been based on the use of the solvent extraction method.

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●As explained below, the carbochlorination process is anticipated to provide fundamental de-risking of the previous processing approach by reducing the overall capital and operating costs associated with oxide production, improving overall recoveries and product yields, increasing cash flow, creating a higher value product slate, while using a proven technique deployed in the titanium industry and reducing the project’s reliance on scandium as the main product driver.

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●Initial testing by independent third-party laboratories using this flowsheet method indicates an ability to produce significantly higher recovery levels of both gallium and scandium, as well as the ability to produce a slate of high purity, and thus, higher value, gallium related produc