Ramaco Q2 2026 slides: $8B critical minerals project amid coal headwinds

Ramaco Resources reported mixed Q2 2026 results, with revenue beating estimates but a loss per share missing expectations, reflecting challenges in the metallurgical coal market. The company unveiled a significantly enhanced economic projection for its Brook Mine rare earth elements project, now valued at $8 billion NPV, which aims to become a major domestic source of critical minerals for semiconductors and other high-tech industries. Despite strong performance in its critical minerals segment, Ramaco's stock is trading near its 52-week low, indicating investor skepticism regarding the timeline and execution risks associated with the Brook Mine and the ongoing pressure on its coal business.