other material
confidence high
sentiment positive
materiality 0.80
Ramaco Resources reports record liquidity of $580M; raises funds for Brook Mine rare earth project
Ramaco Resources, Inc.
- Liquidity of $580M as of Nov 7, 2025, up from $87M on June 30, 2025 (increase of ~$493M).
- Raised $345M in 0% convertible notes due 2031 (capped call at ~$55/share) and $200M in equity at $18.75/share.
- Also issued $65M in senior unsecured notes due 2030; used $35M to repay 2026 notes.
- Proceeds to primarily fund development of rare earth elements and critical minerals at Brook Mine in Wyoming.
- Brook Mine FAQ added to website; includes details on DOE collaboration, pilot facility, and scandium potential.