LEXINGTON, Ky., March 17, 2025 /PRNewswire/ — Ramaco Assets, Inc. (NASDAQ: METC, METCB, “Ramaco” or the “Company”) lately introduced that its Board of Administrators has declared a dividend for the second one quarter of fiscal presen 2025 with regards to its Elegance A familiar stocks to shareholders of report on Might 30, 2025 (the “Record Date”). The dividends can be paid in Elegance B familiar keep and issued on June 13, 2025 (the “Payment Date”).
The Board authorized and declared the quarterly Elegance A familiar keep dividend of $0.06875 consistent with proportion of Elegance A familiar keep. For the reason that this fee will happen within the mode of Elegance B stocks, Elegance A holders will obtain quite a few stocks of Elegance B familiar keep for each and every proportion of Elegance A familiar keep motivated by means of dividing $0.06875 by means of the last transaction value of the Elegance B familiar keep on Might 30, 2025.
Refuse fractional stocks can be issued in reference to the above-described keep dividend. Instead of the issuance of fractional stocks, the Corporate pays in money at the Cost While the truthful price of the fractions of a proportion issuable, motivated as of the related of Nasdaq at the Report While and primarily based upon the last transaction value consistent with proportion of the Elegance B familiar keep reported by means of Nasdaq on that era.
Randall Atkins, Ramaco’s Chairman and CEO famous, “The current metallurgical coal market conditions are weak, and we expect they will remain so for several more months. As such the Board elected to take the prudent measure to maintain maximum liquidity and reduce this quarter’s dividend level and to pay it again in Class B stock. Even at a reduced level, the roughly 3% dividend yield still represents by far the highest dividend yield among our publicly traded metallurgical coal peers. We maintain strong liquidity on our balance sheet and are positioned to both cautiously manage cash should the markets exhibit continued weakness or alternatively to take advantage of opportunities in the coal markets should supply rationalization continue. We remain cautiously optimistic that during the second half of the year the markets will strengthen amidst rising supply cuts in the metallurgical space. We will then consider raising the dividend to its previous cash levels as market conditions warrant.”
ABOUT RAMACO RESOURCES
Ramaco Assets, Inc. is an operator and developer of top quality, cheap metallurgical coal in southern West Virginia, and southwestern Virginia and a growing manufacturer of uncommon earth and significant minerals in Wyoming. Its government places of work are in Lexington, Kentucky, with operational places of work in Charleston, West Virginia and Sheridan, Wyoming. The Corporate these days has 4 lively metallurgical coal mining complexes in Central Appalachia and one developmefrom coal. In reference to those actions, it holds a frame of more or less 60 highbrow feature pant uncommon earth and coal mine alike Sheridan, Wyoming within the preliminary levels of manufacturing. In 2023, the Corporate introduced {that a} primary bank of number one magnetic uncommon earths and significant minerals was once came upon at its mine alike Sheridan, Wyoming. Contiguous to the Wyoming mine, the Corporate operates a carbon analysis and pilot facility alike to the manufacturing of complex carbon merchandise and fabrics tents, pending programs, unique licensing promises and numerous logos. Information and supplementary details about Ramaco Assets, together with filings with the Securities and Trade Fee, are to be had at https://www.ramacoresources.com. For more info, touch investor family members at (859) 244-7455.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Sure statements contained on this information drop represent “forward-looking statements” throughout the that means of the Personal Securities Litigation Reform Business of 1995. Those forward-looking statements constitute Ramaco Assets’ expectancies or ideals regarding steering, occasion occasions, expected earnings, occasion call for and manufacturing ranges, macroeconomic traits, the advance of ongoing initiatives, prices and expectancies referring to working effects, and it’s conceivable that the consequences described on this information drop may not be accomplished. Those forward-looking statements are matter to dangers, uncertainties and alternative elements, lots of that are out of doors of Ramaco Assets’ regulate, which might purpose original effects to fluctuate materially from the consequences mentioned within the forward-looking statements. Those elements come with, with out limitation, surprising delays in our tide mine construction actions, the facility to effectively ramp up manufacturing at our complexes in line with the Corporate’s enlargement projects, failure of our gross sales loyalty counterparties to accomplish, greater executive law of coal in america or across the world, the additional diminish of call for for coal in export markets and underperformance of the railroads, the predicted advantages of the Ramaco Coal and Maben acquisitions to the Corporate’s shareholders, the predicted advantages and affects of the Ramaco Coal and Maben acquisitions, and the Corporate’s talent to effectively assemble the Brook Mine, together with whether or not the rise within the Corporate’s exploration goal and estimates for such mine are learned. Any forward-looking commentary speaks handiest as of the era on which it’s made, and, excluding as required by means of legislation, Ramaco Assets does no longer adopt any legal responsibility to replace or revise any forward-looking commentary, whether or not on account of untouched knowledge, occasion occasions or in a different way. Untouched elements emerge from while to while, and it isn’t conceivable for Ramaco Assets to expect all such elements. When making an allowance for those forward-looking statements, you will have to secure in thoughts the danger elements and alternative cautionary statements present in Ramaco Assets’ filings with the Securities and Trade Fee (“SEC”), together with its Annual Record on Mode 10-Okay and Quarterly Reviews on Mode 10-Q. The chance elements and alternative elements famous in Ramaco Assets’ SEC filings may just purpose its original effects to fluctuate materially from the ones contained in any forward-looking commentary.
POINT OF CONTACT
INVESTOR RELATIONS: [email protected] or 859-244-7455
SOURCE Ramaco Assets, Inc.
