Ramaco Resources, Inc. Declares Quarterly Cash Dividend on Class B Shares, Payable on December 15, 2023
October 16, 2023 at 04:45 pm EDT
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The Board of Directors of Ramaco Resources, Inc. approved and declared a quarterly cash dividend of approximately $0.25 per share on the recently issued CORE Resources Class B shares. The approximate $0.25 dividend represents more than a 50% increase from its prior (inaugural) September quarterly dividend level and was increased based on strong third quarter results. The dividend is payable on December 15, 2023, to shareholders of record on December 1, 2023.
Ramaco Resources, Inc. is a metallurgical coal company. The Company operates and develops metallurgical coal in southern West Virginia and southwestern Virginia. Its development portfolio primarily includes four properties: Elk Creek, Berwind, Knox Creek, and Maben. Its operations include six active mines at its Elk Creek mining complex, three active mines at its Berwind mining complex, two active mines at its Knox Creek mining complex, and one active mine at its Maben mining complex. The Elk Creek property consists of approximately 20,200 acres of controlled mineral rights and contains approximately 16 seams that it has targeted for production. The Berwind property consists of approximately 62,500 acres of controlled mineral rights. The Knox Creek Complex includes a preparation plant and 64,050 acres of controlled mineral rights. The Maben property is located in southern West Virginia and consists of approximately 28,000 acres of controlled mineral rights.
RAMACO RESOURCES, INC. 
