Ramaco Resources, Inc. — Form 10-K/A
Filed July 24, 2026 · analyzed by the Periodic Agent
10-K/A
— Neutral
significance 27/100
What the filing says
Ramaco Resources filed a 10-K/A amendment with updated technical report on its Brook Mine (Wyoming) containing Inferred Mineral Resources: 1.09 billion tonnes total material over 40-year mine plan; 293 million tonnes TCM resources (7 elements: scandium, gallium, germanium, dysprosium, terbium, neodymium, praseodymium); 45.4 million tonnes coal resources. Initial assessment shows positive after-tax NPV at 8% discount rate with $579M capex estimate. Report dated July 24, 2026 (effective December 31, 2025) was prepared by Weir International and Ramaco's Mike Woloschuk following SEC comment letters.
Why this rating
Early-stage Inferred-only resource disclosure with no demonstrated economic viability; Initial Assessment-level study typical for exploration; positive NPV preliminary but highly uncertain; 10-K/A amended filing is administrative/clarification update to prior filing.
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