Ramaco Resources Secures Grant for Rare Earth Project

Ramaco Resources ( (METC) ) has shared an announcement.

On March 17, 2025, Ramaco Resources announced it received a $6.1 million matching grant from the Wyoming Energy Authority for its Wyoming CORE Brook Mine project. This funding supports the construction of a rare earth and critical minerals pilot processing facility in Sheridan, Wyoming, marking the first new rare earth mine in the U.S. since 1952. The project aims to extract valuable rare earth elements and critical minerals from unconventional coal and carbonaceous ore deposits, potentially positioning Wyoming as a key player in meeting national energy and security needs.

More about Ramaco Resources

Ramaco Resources, Inc. is an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and a developing producer of coal, rare earth, and critical minerals in Wyoming. The company has executive offices in Lexington, Kentucky, and operational offices in Charleston, West Virginia, and Sheridan, Wyoming. It operates four active metallurgical coal mining complexes in Central Appalachia and a coal mine and rare earth development near Sheridan, Wyoming.

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