Independent Interim Report Confirms Commercial and Technical Feasibility of Ramaco's Brook Mine Rare Earth Deposit
Ramaco Resources, Inc. - Class B (METCB)
Company Research
Source: PR Newswire
Project would be only primary source mine for gallium, germanium, and scandium in the worldLEXINGTON, Ky., Dec. 4, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB) ("Ramaco Resources" or the "Company") is pleased to announce that Fluor Corporation ("Fluor") in its interim preliminary techno-economic analysis of Ramaco's Brook Mine projects that the development is both commercially and technologically feasible. The mine holds a large unconventional deposit of rare earth elements and critical minerals sourced from coal and carbonaceous ore.Key Highlights: Ramaco seeks to extract valuable rare earth elements ("REE") and critical minerals from unconventional coal and carbonaceous ore deposits contained at the mine, which has been called one of the largest unconventional deposits of these elements in the world by the U.S. Department of Energy's National Energy Technology Laboratory ("NETL").Ramaco retained Fluor to conduct both a preliminary techno-economic study of the Br
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