other material
confidence medium
sentiment negative
materiality 0.70
Ramaco Resources proposes convertible notes & stock offerings; suspends Class A dividend
Ramaco Resources, Inc.
- Proposed offerings: convertible senior notes due 2031 and shares of Class A common stock (specific sizes not disclosed).
- Fifth amendment to credit agreement on Nov 4, 2025 permits up to $1B in convertible indebtedness.
- Class A common stock dividend suspended as of July 2025 Board meeting; Class B dividend continues.
- Business update includes upsizing Brook Mine production target to ~5M tons/year and oxide output >3,400 tons/year.
- Pilot rare earth processing plant expected to begin mid-2026; received $6.1M Wyoming grant.