Ramaco Resources announced that Goldman Sachs & Co. LLC will act as the exclusive structuring agent for its Strategic Critical Minerals Terminal (SCMT) at the Brook Mine in Sheridan, Wyoming, a facility that will serve as a state‑of‑the‑art storage and inventory‑management hub for critical minerals and rare earth elements.
The SCMT will provide long‑term strategic stockpiling, tolling, and value‑added services to third‑party producers, leveraging the Brook Mine’s direct BNSF railroad connectivity and proximity to a major interstate highway to enable efficient distribution to defense contractors and industrial customers nationwide. The terminal supports the company’s dual‑engine growth strategy, strengthening low‑cost metallurgical‑coal operations while creating a high‑margin revenue stream from critical‑minerals logistics and processing services.
Ramaco reported a net loss of $13.31 million on revenue of $121 million for Q3 2025, a decline from the $26.9 million net income and $167.41 million revenue reported in Q3 2022. In Q3 2023 the company posted a net loss of $13.31 million on sales of $121 million, while Q2 2023 saw a net income of $7.6 million and Adjusted EBITDA of $30.0 million. Segment data show that coal operations remain the primary revenue driver, but critical‑minerals activities are expanding, with the company targeting 3,400 tonnes of rare earth and critical‑mineral oxides annually by 2028.
The Brook Mine is highlighted as the first domestic rare‑earth‑element mine in over seventy years, with a deposit that is commingled with coal strata, allowing for lower capital investment and more cost‑effective development compared to traditional hard‑rock deposits. The company’s plan to increase annual rare‑earth oxide production to approximately 3,400 tonnes, with pilot‑scale processing in 2026 and full commercial production in the second half of 2028, underscores the strategic importance of the site.
Management noted that the company is investing heavily in critical‑minerals infrastructure to offset declining coal revenues and to meet growing demand for domestic supply of materials essential to national security and advanced technology. The company’s partnership with Goldman Sachs is intended to secure the necessary financing and operational expertise to bring the SCMT to market efficiently.
Ramaco has secured a $6.1 million matching grant from the Wyoming Energy Matching Fund and maintains a Cooperative Research and Development Agreement with the U.S. Department of Energy’s National Energy Technology Laboratory to accelerate rare‑earth development. The company’s strategic focus on vertical integration—from mining to processing and oxide production—positions it to capture higher margins in the critical‑minerals sector while maintaining its low‑cost coal operations.
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