Ramaco’s Board of Directors has authorized management to pursue an internal corporate reorganization designed to align the company’s distinct business activities and asset portfolios. The authorization marks the first step toward restructuring the corporate entity to better reflect its dual platform operations in metallurgical coal and rare earth/critical minerals.

Following the reorganization, assets and operations will be housed in four principal divisions: Metallurgical Coal Production and Sales; Rare Earth and Critical Mineral Development and Sales; Royalty and Infrastructure; and Critical Mineral Refining and Processing. Each division will initially remain 100% owned by Ramaco but operate with dedicated management and strategic focus.

The restructure aims to enhance operational focus, improve financial transparency for investors, and reduce the company’s overall cost of capital. By tailoring financing strategies to each division’s risk profile and growth prospects, Ramaco expects to unlock shareholder value and facilitate potential future equity or debt offerings at the division level.

The company plans to execute the reorganization through a series of tax-efficient internal transactions without immediate changes to its Nasdaq listing. Legal, accounting and banking advisors are guiding the process, though timing, final structure and realization of anticipated benefits remain subject to market conditions and board approvals.