Ramaco Resources Announces $100 Million Share Repurchase Program

Ramaco Resources, Inc. announced that its Board of Directors has authorized a share repurchase program of up to $100 million of its Class A common stock. This program will be executed over a period of 24 months, with the company authorized to enter into written trading plans to facilitate these repurchases. The decision to initiate this program reflects the company's confidence in its operational performance and financial strength, particularly following recent capital raises. Shares may be repurchased through various methods including open market transactions and privately negotiated deals. The company will determine the timing and amount of repurchases based on factors such as intrinsic value assessment, market conditions, liquidity, and compliance with agreements. This initiative is intended as another means of returning capital to shareholders.