Ramaco Resources, Inc. — Form 8-K/A

Ramaco Resources raised $200M in equity (underwritten by Morgan Stanley and Goldman Sachs) and secured a term sheet from KeyBank to expand its revolving credit facility from $200M to $400M (with $150M accordion feature). The company's Board authorized expansion of the Brook Mine from 2 million tons to 5 million tons annual coal production, increasing rare earth oxide output from 1,240 to ~3,400 tons per year, with potential to reach 8-10 million tons depending on demand. A revised mine plan targets higher cut-off grades (500 ppm), and the company retained Hatch Ltd. to deliver a Pre-Feasibility Study by Q1 2026, with pilot plant operations expected later in 2025 and commercial oxide plant construction beginning late 2026.