Ramaco Resources, Inc. 9% Series C Preferred Stock due 2026 (METCL)

Overview

Ramaco Resources, Inc. is a company primarily focused on the operation, development, and acquisition of coal mining properties. Specifically, it specializes in metallurgical coal, which is a critical ingredient in steel production. The company operates in the United States, with properties located in central and southern West Virginia, southwestern Virginia, and southwestern Pennsylvania. Its portfolio includes active mining locations and developmental projects such as the Elk Creek, Berwind, RAM Mine, and Knox Creek properties. Founded in August 2015 by Randall W. Atkins, Ramaco Resources, Inc. is based in Lexington, Kentucky. The company aims to exploit the increasing demand for metallurgical coal through its strategically positioned resources and through the implementation of modern mining techniques.

Products and Services

Ramaco Resources, Inc. offers a variety of products and services primarily focused around the extraction and sale of metallurgical coal. This specialization enables the company to cater to the steel industry's demand for high-quality raw materials.

• Metallurgical Coal:

  Their primary product is metallurgical coal, which is used in the steel-making process. Unlike thermal coal, which is used for electricity generation, metallurgical coal has special properties that make it ideal for producing coke – a necessary ingredient in high-temperature metal smelting. Ramaco Resources' mining operations across their various sites are geared towards extracting high-grade metallurgical coal that meets the stringent quality specifications required by global steel producers.

• Mining Operations and Development:

  Aside from their product offering, Ramaco Resources provides services in the form of operational mining projects and the development of future mining sites. Their portfolio includes operational mines such as Elk Creek, Berwind, RAM Mine, and Knox Creek, each contributing to their total coal output. Additionally, the company invests in the exploration and development of new sites to expand its reserves and production capacity, ensuring long-term sustainability and growth in the metallurgical coal market.