Ramaco Resources provides dual-class structure update

The shares of the Class B Common Stock of Ramaco Resources began trading on June 22nd, 2023 on Nasdaq under the ticker symbol “METCB.” The Class B common stock provides holders of METCB with direct participation in the financial performance of what the Company calls the “CORE” assets, which is an abbreviation of “Carbon Ore-Rare Earth.” The company views the CORE assets as a unique group of assets which are distinct from its metallurgical coal mining operations. By creating a separate stock that will participate in the financial performance of these assets we feel it will unlock additional value to both the company and its shareholders. It is important to note that, effective at the commencement of trading on June 22nd, 2023, NASDAQ made a decision, independent of the company, to adjust downward the reported historical prices of METC by approximately 18.2%. That NASDAQ change has given rise to substantial questions from investors, particularly those holding the Class A Common Stock. Investors should note that the addition of the Class B common stock does not cause a reduction in the company’s net income, Adjusted EBITDA, or impact any potential future dividends for holders of the Class A Common Stock of the company. Indeed, the company believes this new structure will create new additional value for shareholders of both classes of stock.