Ramaco Resources receives $6.1M matching grant from Wyoming Energy Authority for rare earth pilot facility

Ramaco Resources, Inc.

Grant of $6.1 million from Wyoming Energy Authority to match Ramaco's investment in pilot rare earth processing facility at Brook Mine.
Facility to produce mixed rare earth oxides and critical minerals; construction begins Fall 2025.
Brook Mine cited as one of the largest unconventional REE deposits globally by DOE's National Energy Technology Laboratory.
Project would be the first new rare earth mine opened in the U.S. since 1952.
Grant authorized by Wyoming Governor Mark Gordon; state funds design, construction, and equipment.

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