The shares are listed on Nasdaq

Davis Polk advised the joint lead book-running managers in connection with the upsized SEC-registered offering of 12,266,667 shares of Class A common stock of Ramaco Resources, Inc., of which 10,666,667 shares were issued and sold by the company and 1,600,000 shares were sold by certain selling stockholders pursuant to the full exercise of the underwriters’ option to purchase additional shares from such selling stockholders, for total gross proceeds of approximately $230 million. Ramaco Resources Inc.’s Class A common stock is listed on Nasdaq under the symbol “METC.”

Ramaco Resources is an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia, and southwestern Virginia and a developing producer of coal, rare earth and critical minerals in Wyoming. Its executive offices are in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. The company currently has four active metallurgical coal mining complexes in Central Appalachia and one development rare earth and coal mine near Sheridan, Wyoming in the initial stages of production. In 2023, the company announced that a major deposit of primary magnetic rare earths and critical minerals was discovered at its mine near Sheridan, Wyoming. Contiguous to the Wyoming mine, the company operates a carbon research and pilot facility related to the production of advanced carbon products and materials from coal.

The Davis Polk capital markets team included partners Michael Kaplan and Stephen A. Byeff and associates Sakiko Nishida and Sabrina Rodriguez. Counsel David A. Zilberberg and associate Shefain Islam provided environmental advice. Partner Corey M. Goodman and associate Hunter P. Shaw provided tax advice. All members of the Davis Polk team are based in the New York office.

Copy link to share post