Ramaco Resources Q3 2025 Earnings Release

Ramaco Resources, Inc. reported its financial and operating results for the third quarter of 2025. The company posted a net loss of $13.3 million, with adjusted EBITDA of $8.4 million. Cash costs per ton sold decreased to $97, reflecting strong cost control. The company also highlighted its transition into a dual-platform company, focusing on both metallurgical coal and rare earth and critical minerals. Ramaco announced plans to expand its Brook Mine in Wyoming, aiming to increase production to 5 million tons of coal per year, which will support the production of rare earth and critical mineral oxides. The company ended the quarter with record liquidity of $272 million, positioning it to accelerate its strategic initiatives.