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.”
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Information about the company is provided by the company or comes from the company’s public filings and is not independently verified by Nasdaq. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables clients to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 85 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,800 listed companies with a market value of $10.1 trillion and approximately 18,000 corporate clients. To learn more, visit: business.nasdaq.com.
© 2017 GlobeNewswire
