NEW YORK, Feb. 03, 2017 (GLOBE NEWSWIRE) -- Ramaco Resources, Inc. (Nasdaq:METC), an operator and developer of high-quality, low cost metallurgical coal, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.
The Kentucky based company has a current portfolio of four long-lived projects: Elk Creek, Berwind, RAM Mine and Knox Creek. Each of these projects possesses geologic and logistical advantages that Ramaco believes will make its coal among the lowest delivered-cost U.S. domestic metallurgical coal to a majority of its customer base, including blast furnace steel mills and U.S.-based coke plants, as well as international metallurgical coal consumers.
“We are proud to be the nation’s newest public coal company and together with our employees, shareholders and the communities where we operate, we will look forward to growing into one of the most successful companies in our industry,” said Randall W. Atkins, Co-Founder and Executive Chairman of Ramaco Resources. “Ramaco’s ‘geology-first’ business strategy, combined with its advantaged balance sheet, is now ready to take its place as a reliable and low cost producer in the U.S. metallurgical coal space,” said Michael Bauersachs, Co-Founder, President and Chief Executive.
“We are extremely proud that Ramaco has chosen Nasdaq as their listing partner, joining many established companies in the energy sector,” said Nelson Griggs, Executive Vice President and Head of Globe Listings, Nasdaq. “We have had a tremendous track record in supporting established energy companies and look forward to working with Ramaco’s team and their shareholders going forward.”
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