Investigation announced for Investors in Ramaco Resources, Inc. (NASDAQ: METC) over potential Wrongdoing

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Ramaco Resources, Inc.

Investors who purchased shares of Ramaco Resources, Inc. (NASDAQ: METC) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Ramaco Resources, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Lexington, KY based Ramaco Resources, Inc. operates, develops, and sells metallurgical coal. Its development portfolio includes the Elk Creek project located in southern West Virginia; the Berwind property situated on the border of West Virginia and Virginia; the Knox Creek property is located in Virginia; and the RAM Mine property situated in southwestern Pennsylvania. Ramaco Resources, Inc. reported that its annual Total Revenue increased from $283.39 million in 2021 to $565.68 million in 2022, and that its Net Income rose from $39.75 million in 2021 to $116.04 million in 2022.

On December 11, 2023, Wolfpack Research published a report on Ramaco Resources, Inc. entitled "METC: Pumping and Dumping Nearly Worthless Dirt" (the "Wolfpack Report"). Noting that the Company's stock price "recently soared following a Wall Street Journal article that hyped its Brook Mine as a potential source of up to $37 billion in rare earth elements", the Wolfpack Report that "[t]here is no way to profitably mine them" and estimated that the Company "would lose ~$88 billion if they were ever able to extract, process and sell $37 billion of REEs from the Brook Mine." The Wolfpack Report asserted that Ramaco "has likely performed" extractability tests and "is sitting on disappointing results."
Further, the Wolfpack Report noted that "Yorktown Partners, a PE fund that specializes in energy and mining and knows Brook Mine and the management team better than anyone, has sold ~12% of its holdings since November" and that "[o]verall, insiders have dumped $96.3 million in stock since the start of November."

Those who purchased shares of Ramaco Resources, Inc. (NASDAQ: METC) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About:
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.