Ramaco Resources, Inc. (NASDAQ: METC) has authorized a share‑repurchase program that can spend up to $100 million on its Class A common stock over the next 24 months. The program allows the company to buy back shares in the open market, through block trades, or in privately negotiated transactions, subject to regulatory and contractual constraints.
The decision comes after Ramaco closed a capital raise of more than $600 million in the second half of 2025, giving the company a strong liquidity cushion. Management says the buyback will return excess cash to shareholders while preserving enough capital to continue investing in the Brook Mine rare‑earth project, the company’s flagship development that aims to establish a domestic supply chain for critical minerals.
CEO Randall Atkins said the program “is another means of returning capital to our shareholders, and it reflects our confidence in the company’s continued operational performance and financial strength.” He added that the recent capital raise “positions us well to unlock value and maximize shareholder returns” while the company remains focused on the Brook Mine’s development milestones.
Ramaco’s dual‑platform strategy—supplying metallurgical coal to the steel industry and developing rare‑earth and critical‑mineral assets—faces headwinds from recent legal scrutiny. In October 2025, a research report alleged that the Brook Mine project was a hoax and that the company had manipulated key data, prompting a securities‑fraud investigation by a law firm. The company has denied the allegations and continues to pursue the project, but the investigation remains a risk factor for investors.
The share‑repurchase program signals that Ramaco’s leadership believes its stock is undervalued and that the company’s financial position is robust enough to support both a capital return and ongoing capital expenditures. The program’s discretionary nature means it can be suspended or modified if market conditions or the company’s liquidity needs change, providing flexibility as the Brook Mine progresses toward production.
Overall, the announcement reflects a strategic balance between rewarding shareholders and investing in long‑term growth assets, while acknowledging the regulatory and market challenges that could impact the company’s future performance.
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