Oct. 24 at 6:08 PM
$METC Ramaco Resources is a producer of metallurgical coal and is also developing a significant rare earth elements (REE) deposit at its Brook Mine in Wyoming. This mine is notable as the first new REE mine in America in 70 years. The company recently announced the development of a new pilot processing plant and laboratory in Sheridan, Wyoming, aimed at producing high-purity individual rare earth oxides crucial for U.S. magnet production and other advanced technologies. This initiative is supported by a
$6.1 million grant from the Wyoming Energy Authority’s Energy Matching Fund. The CEO, Randall Atkins, emphasized that this development is a "groundbreaking milestone" for American rare earth minerals, aiming to establish a secure domestic supply chain for critical minerals.