Ramaco discloses Brook Mine critical minerals study projecting $8.0B pre-tax NPV

Filed July 29, 2026 · Period ending July 28, 2026 · ~2 min read

Key Changes

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  Hatch Associates study projects $8.0B pre-tax NPV and $1.3B average annual EBITDA for Brook Mine rare earth/critical minerals project using carbochlorination processing, up 567% from prior 2025 Fluor study using solvent extraction

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
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  Project targets 574 mt/y critical mineral oxides (gallium, germanium, scandium, rare earths) plus 11,848 mt/y high-purity alumina and 18,617 mt/y high-purity silica; capital cost estimate $4.0B including contingency (AACE Class 5, -35%/+50% accuracy)

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
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  Carbochlorination process shifts ~75% of projected revenue to semiconductor-industry commodities (gallium, germanium, high-purity silica/alumina), down from >50% scandium exposure under prior solvent-extraction approach

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →