other material
confidence high
sentiment positive
materiality 0.85
Fluor PEA confirms Brook Mine rare earth project: NPV8 $1.2B, IRR 38%, steady-state EBITDA $143M/yr
Ramaco Resources, Inc.
- PEA from Fluor shows NPV8 of $1.197B and IRR of 38% with $473M initial capex (before 22% contingency).
- Steady-state annual adjusted EBITDA projected at $143M on $378M revenue from 1,242 tons of rare earth oxides.
- Production includes 456 tons/yr of high-value critical minerals (NdPr, Ga, Sc, Dy, Ge, Tb).
- Initial mining started; on-site pilot plant targeted for Q4 2025, fully operational by mid-2026.
- Mine life of 42 years, consuming less than 4% of estimated total mineral inventory; project scalable.