secwatch.observer — SEC 8-K summary
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Issuer:     Ramaco Resources, Inc. (METC)
CIK:        0001687187
Form:       8-K
Filed at:   2025-07-31T23:59:59+00:00
Accession:  0001558370-25-009901
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ramaco Q2 net loss $14M, lowers 2025 guidance; rare earth commercial production accelerated to 2027
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- Q2 net loss $14.0M (Class A diluted EPS $(0.29)); Adjusted EBITDA $9.0M; cash costs $103/ton, down $5 YoY.
- Full-year 2025 production/sales guidance narrowed to low end: production 3.9–4.3M tons, sales 4.1–4.5M tons; Q3 sales seen 900–950K tons.
- Brook Mine rare earth mining commenced June 2025; pilot plant construction this fall; initial concentrates expected 2026; commercial production now 2027.
- Fluor PEA summary shows NPV8 $1.197B, IRR 38%, initial capex $473M; ribbon cutting with U.S. Energy Secretary Chris Wright.
- SG&A guidance raised to $39–43M for rare earth development; pro forma liquidity ~$105M after debt refinancing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1687187/000155837025009901/0001558370-25-009901-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1687187/000155837025009901/metc-20250731x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-009901

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