Ramaco Resources reports quarterly loss and outlines $3.2 billion Wyoming rare‑earth project

Ramaco Resources (NASDAQ: METC/METCB) posted a quarterly net loss of $15.4 million for the period ended June 30, 2026, with diluted earnings per share of –$0.26. Adjusted EBITDA reached $5.7 million and the company repurchased 3.5 million Class A shares for about $51 million, bringing year‑to‑date repurchases to 4.6 million shares. Liquidity stood at $400.1 million, up roughly 360 % year over year, and the balance sheet remains strong.

The firm also disclosed a $3.2 billion construction estimate for its Wyoming rare‑earth and critical‑minerals project, part of a broader transition from metallurgical coal to diversified mineral assets. The Board approved a $25 million development phase for the first two underground sections of the Maben Complex, with plans to add 0.6 million premium low‑vol tons at double the company’s overall margins. Institutional investors such as Millennium Management LLC and Yorktown Energy Partners increased their stakes during the quarter.