Overview

• A July 11 groundbreaking at the Brook Mine near Ranchester featured Energy Secretary Chris Wright, former Sen. Joe Manchin, Gov. Mark Gordon and Wyoming’s congressional delegation.
• Wyoming granted $6.1 million for a processing plant and federal support builds on earlier DOE grants for critical minerals research.
• U.S. national laboratories confirmed the coal contains significant concentrations of neodymium, praseodymium, dysprosium and terbium.
• Ramaco plans a roughly $500 million development to build the mine and processing facility pending investment commitments and permitting.
• The project is intended to diversify supply chains by tapping domestic rare earth sources and challenging China’s 90 percent share of global production.