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Ramaco Resources

“Can a mid-size metallurgical coal producer successfully diversify into rare earth elements and critical minerals while maintaining first-quartile cost positioning in met coal?”

Founded2011
HQLexington, KY
IndustryVertical SaaS / Mining
The story

Founded in 2011 as a metallurgical coal developer focused on Central Appalachian properties, Ramaco went public on NASDAQ (METC, METCB) and grew into a leading low-cost met coal producer serving steelmaking customers globally. In parallel, its dormant Brook Mine acquisition in Wyoming unexpectedly surfaced rare earth elements, leading the company to pivot part of its strategy toward critical minerals and rare earth development — opening Brook Mine as the first new US rare earth mine in 70 years in 2025. The embedded finance angle is primarily traditional corporate treasury: revolving credit from KeyBank and supply chain finance from eCapital to manage long receivable cycles from large steel customers.

Last 12 months
2025-07
2025-12
Product timeline
2011
Ramaco Resources founded and acquires Brook Mine land in Wyoming from Pittston Coal for $2 million.· pivot
2015
Incorporated as a Wyoming corporation; begins focus on metallurgical coal operations in southern West Virginia and southwestern Virginia.· pivot
2021
Enters into Amended and Restated Credit and Security Agreement with KeyBank National Association as Administrative Agent.· banking
2024
KeyBank-led bank syndicate increases revolving credit facility to $275 million, extended to 2029.· lending
2025
Brook Mine becomes first new rare earth mine in the US in seventy years after opening in July 2025.· pivot
2025
KeyBank amends revolving credit facility to $500 million (including $350M revolving + $150M accordion), extended to 2030.· lending
The stack
1 layer disclosed in Ramaco Resources’s embedded-finance stack
Lending
ecapitalSupply chain finance (eCapital FastTrack)Revolving credit facility (KeyBank, $500M)
Accounting gap: none

Ramaco Resources — frequently asked

Who provides Ramaco Resources's lending?

Ramaco Resources's lending and capital products are provided by ecapital.

Where is Ramaco Resources headquartered?

Ramaco Resources is founded in 2011 and headquartered in Lexington, KY.

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