Ramaco Resources, Inc. released additional information regarding the Brook Mine project in Wyoming, as well as third-party groups advancing the development of rare earth and critical mineral deposits at the site. This includes two new companies: Fluor Corporation and Hazen Research, Inc. - who bring their expertise to the project. Third party groups currently working on the Brook Mine project now include: Fluor Corporation, will conduct a comprehensive techno-economic assessment of rare earth mining operations.

Based on this validation and economic assessment, Fluor will also be designing the rare earth and critical mineral refining and processing demonstration plant at Ramaco's Western operations in Wyoming. The Company is planning to start construction on this new facility in mid 2025. SGS, is providing mineralogical and elemental analysis.

Additionally, their expertise in hydrometallurgy will support various aspects of Ramaco's flow sheet design. Hazen Research Inc. is contributing their extensive capabilities in mineralogical and elemental analysis to the Brook Mine project, as well as physical beneficiation testing. Their work will enhance Ramaco's understanding of the ore characteristics and improve beneficiation processes, critical for optimizing resource recovery.

National Energy Technology Laboratory (NETL) is assisting in the continuing assessment and interpretation of the Brook Mine deposit. They are also collaborating with Ramaco on novel AI-assisted high-grade mapping that will help identify and target the highest concentrated areas, thereby improving the efficiency and effectiveness of Ramaco's mining efforts.