December 29, 2025 - Coal and rare earth mining operator Ramaco Resources Inc. says its Board of Directors has authorized a share repurchase of up to $100 million of shares of the Company’s Class A common stock over a two-year period.

Share repurchase will return capital to shareholders, said Randall Atkins, chairman and CEO of Ramaco.

“With the closing of Ramaco’s previously announced $600 plus million (before fees) in capital raises in the second half of 2025, we are well-positioned to pursue opportunities to unlock value and maximize shareholder returns,” Atkins said. “The share repurchase program highlights our confidence in our continued operational performance as well as financial strength.”

Ramaco Resources of Lexington, Ky., has to date been a provider of specialty metalurgical coal from Appalachia. It has a mine in Wyoming that is showing the capability of providing rare earth minerals in increasing demand in the U.S. tech sector.

Ramaco Resources is a dual platform critical mineral company that is both an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and a developing producer of coal, rare earth and critical minerals in Wyoming. The Company’s executive offices are in Lexington, with operational offices in Charleston, West Virginia and Sheridan, Wyoming.

The company currently has four active metallurgical coal mining complexes in Central Appalachia and one coal mine and rare earth development near Sheridan, Wyoming in the initial stages of production.

In 2023, the Company announced that a major deposit of primary magnetic rare earths and critical minerals was discovered at its mine near Sheridan, Wyoming. Contiguous to the Wyoming mine, the Company currently operates a carbon research and pilot facility related to the development and production of advanced carbon products and materials derived from coal. In connection with these activities, it holds a body of roughly 76 intellectual property patents, pending applications, exclusive licensing agreements and various trademarks.

The company intends to purchase shares under the repurchase program opportunistically with available funds while maintaining sufficient liquidity to fund its capital development program. The repurchase program does not obligate Ramaco to purchase stock, and may be suspended from time to time, modified, extended or discontinued by the Board of Directors at any time. Stock purchased as part of this program will be available for future issuances by Ramaco.