Ramaco Resources, Inc. — fact timeline

Ramaco Resources, Inc. entered into Third Amended and Restated Credit and Security Agreement with KeyBank National Association, as administrative agent, collateral agent, lender, swing line lender and issuer valued at $350,000,000 (effective 2025-12-30).

“On December 30, 2025, Ramaco Resources, Inc. (the “Company”) entered into a Third Amended and Restated Credit and Security Agreement (the “Third A&R Credit Agreement”) with KeyBank National Association, as administrative agent, collateral agent, lender, swing line lender and issuer (the “Agent”),”

Ramaco Resources, Inc. amended revolving credit of $350,000,000 with KeyBank National Association at SOFR plus an applicable margin of 2.50% per annum maturing December 30, 2030.

“The Third A&R Credit Agreement provides for an asset-based revolving credit facility with an initial aggregate revolving commitment of $350,000,000 (the “Credit Facility”), which may be increased pursuant to an incremental “accordion” feature of $150,000,000, in each case subject to the terms and conditions set forth therein. The Credit Facility matures on the earlier of December 30, 2030 and the date that is 180 days prior to the earliest maturity or mandatory redemption date of any Permitted Convertible Indebtedness (as defined in the Third A&R Credit Agreement), or such earlier date as the facility may be terminated pursuant to its terms. Borrowings under the Credit Facility are limited to the lesser of the aggregate revolving commitments and the borrowing base calculated under the Third A&R Credit Agreement. The Credit Facility includes a $10,000,000 sublimit for letters of credit, subject to customary issuance conditions and expiration provisions. Loans under the Credit Facility i”

Ramaco Resources, Inc. incurred convertible notes of $345,000,000 aggregate principal amount at 0% maturing November 1, 2031.

“On November 7, 2025, the Company issued $345,000,000 principal amount of its 0% Convertible Senior Notes due 2031.”

Ramaco Resources, Inc. incurred senior notes of $8.0 million aggregate principal amount at 8.250% per annum maturing July 31, 2030.

“On August 1, 2025, the Underwriters exercised the Over-Allotment Option for an additional $8.0 million aggregate principal amount of Notes, which closed on August 4, 2025.”

Ramaco Resources, Inc. incurred senior notes of $57,000,000 with Wilmington Savings Fund Society, FSB at 8.250% per annum maturing July 31, 2030.

“On July 31, 2025 Ramaco Resources, Inc. (the “Company”) completed the previously announced offering (the “Offering”) of $57,000,000 in the aggregate, of the Company’s 8.250% Senior Notes due 2030 (the “Notes”).”

Ramaco Resources, Inc. amended credit facility of Permitted Additional Unsecured Debt reduced from $75,000,000 to $15,000,000 plus unused portion of 2030 Unsecured Note B with KeyBank National Association, as administrative agent and lender; Cadence Bank; Associated Bank; City National Bank; Star Financial Bank; Trustmark National Bank.

“The Third Amendment Agreement, among other things, amends the Credit Agreement by permitting Ramaco to incur additional indebtedness in the form of the Notes to be issued in the Note Offering, in an aggregate principal amount not to exceed $100,000,000 (such amount, the “2030 Unsecured Note Basket”) after all of the Company’s 2026 Notes that were issued in July 2021 are redeemed in full, and reduces the amount of “Permitted Additional Unsecured Debt” (as defined in the Credit Agreement) from $75,000,000 to $15,000,000 plus the unused portion of the 2030 Unsecured Note Basket.”

Ramaco Resources, Inc. incurred senior notes of $57,000,000 aggregate principal amount of the Notes with Lucid Capital Markets, LLC as representative of the several underwriters at 8.250% Senior Notes due 2030 maturing due 2030.

“named therein (the “Underwriters”), providing for, among other things, the sale by the Company and the purchase by the Underwriters, acting severally and not jointly, of $57,000,000 aggregate principal amount of the Notes. Pursuant to the Underwriting Agreement, the Company has also granted the Underwriters a 30-day option to purchase up to an additional”

Joseph Manchin III was appointed as Director at Ramaco Resources, Inc..

“On April 18, 2025, the Board of Directors (the “Board”) of Ramaco Resources, Inc. (the “Company”) approved the appointment of former US Senator Joseph Manchin III to serve as a member of the Board effective April 18, 2025, with a term expiring at the Company’s annual meeting of stockholders in 2025 or until his earlier death, resignation, disqualification, or removal.”

E. Forrest Jones, Jr. was appointed as General Counsel at Ramaco Resources, Inc..

“the Board appointed E. Forrest Jones, Jr. as the Company’s new General Counsel effective on or about May 1, 2025”

Evan H. Jenkins was appointed as Vice-Chairman at Ramaco Resources, Inc..

“the Board approved the appointment of the Company’s current General Counsel and Secretary, Evan H. Jenkins, age 64, to serve as a member of the Board filling the vacancy left by Mr. Jones’ resignation. The Board also approved the appointment of Mr. Jenkins as Vice-Chairman of the Board.”

E. Forrest Jones, Jr. resigned as Director at Ramaco Resources, Inc..

“E. Forrest Jones, Jr. resigned from the Board of Directors (the “Board”) and from his positions on all committees of the Board effective March 14, 2025.”

Ramaco Resources, Inc. reported the three months ended March 31, 2024 results: net income $2.0 million, EPS $0.00. Guidance reaffirmed.

“Ramaco Resources, Inc. (NASDAQ: METC, METCB, “Ramaco” or the “Company”), a leading operator and developer of high-quality, low-cost metallurgical coal, today reported financial results for the three months ended March 31, 2024.”

Ramaco Resources, Inc. amended First Amendment Agreement with KeyBank National Association, Cadence Bank, Associated Bank, National Association, City National Bank, Star Financial Bank, Trustmark National Bank valued at $275.0 million (effective 2024-05-03).

“On May 3, 2024, Ramaco Resources, Inc. (the “Company”) entered into a First Amendment Agreement (the “First Amendment Agreement”) by and among the (i) the Company, Ramaco Development, LLC, RAM Mining, LLC, Ramaco Coal Sales, LLC, Ramaco Resources, LLC, Ramaco Resources Land Holdings, LLC, Ramaco Coal, Inc., Maben Coal LLC, Carbon Resources Development, Inc., and Ramaco Coal, LLC; (ii) KeyBank National Association, as administrative agent and lender; (iii) Cadence Bank, as lender, (iv) Associated Bank, National Association, as lender; (v) City National Bank, as lender; (v) Star Financial Bank, as lender; and (iv) Trustmark National Bank, as lender.”