Ramaco Resources signs strategic R&D agreement with DoE’s NETL

Ramaco Resources (METC) signed an Umbrella Cooperative Research and Development Agreement with the Department of Energy’s – DOE – National Energy Technology Laboratory, or NETL. Ramaco intends to continue its work not only with NETL but also with a variety of the DOE’s other national laboratories to accelerate the discovery, mining, processing and creation of rare earths and critical minerals and materials at its Brook Mine in Sheridan, Wyoming. The Brook Mine has what Ramaco believes to be the largest unconventional rare earth deposit in the U.S. This agreement establishes a framework for further collaborative research and development projects that include rare earth elements, critical minerals, advanced materials, carbon, carbon allotropes, coal, coal derivatives, and coal byproducts. Through this initiative, Ramaco and NETL will work to integrate advanced computing, artificial intelligence, and quantum technologies to automate scientific workflows and drive rapid, data-driven discoveries in REE and critical mineral development. The CRADA will remain in effect for five years, with the option to initiate multiple collaborative projects under its umbrella.