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Ramaco Resources, Inc. (NASDAQ: METC, METCB) ("Ramaco" or the "Company") Ramaco is proud to announce that initial mobilization and site development activities have commenced for its new pilot processing plant and laboratory, located adjacent to the Brook Mine and near the iCAM Research Center outside Sheridan, Wyoming. This milestone marks a significant step forward in the company's strategic initiative to establish a vertically integrated, U.S.-based supply chain for rare earth elements (REEs) and other critical minerals.
The facility is designed to demonstrate the technical and economic feasibility of converting domestic carbonaceous ore into high-purity individual rare earth oxides (IREOs), which are essential for U.S. magnet production and other advanced technologies. The pilot plant is intended to serve as a bridge to full-scale commercialization, with plans already underway for a commercial oxide processing facility.
Posted In: METC
