Ramaco Resources provides updates transition to new dual-class structure

Ramaco Resources announced the results of voting from the company’s Special Meeting of Stockholders. Among other things, the meeting approved the creation and distribution of a separate class of common stock, the Class B common stock. The Class B common stock will provide holders of existing common stock direct participation in the financial performance of the CORE Assets, which is an abbreviation of “Carbon Ore-Rare Earth”. The CORE Assets consist of three non-cost bearing revenue streams from coal infrastructure assets, coal royalty fees, and carbon products/rare earth elements. Shareholders voted to approve the creation of the Class B common stock, with 99% of shareholders who voted approving the measure (or approximately 74% of total outstanding shareholders). The company will have a Board meeting in late-July whereby the Board will consider the amount and timing for the first dividend paid to holders of Class B common stock.