Ramaco Resources Inc-A 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 (859) 244-7455(Registrant’s telephone number, including area code)Securities registered pursuant to Section12(b)of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file suchreports), and (2)has been subject to such filing requirements for the past 90days. Yes⌧No◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T during the preceding 12months (or for such shorter period that the registrant wasrequired to submit such files). Yes⌧No◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☐Emerging growth company☐ Accelerated filer☒Smaller reporting company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). As of August 4, 2026, the registrant had 51,875,261 and 11,512,978 outstanding shares of Class A and Class B commonstock, respectively. TABLE OF CONTENTS PARTI. FINANCIAL INFORMATION Item1. Financial Statements5Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations29Item3.Quantitative and Qualitative Disclosures about Market Risk39Item4. Controls and Procedures40 PARTII. OTHER INFORMATION Item1.Legal Proceedings41Item1A.Risk Factors41Item 2.Unregistered Sales of Equity Securities and Use of Proceeds42Item 3.Defaults Upon Senior Securities42Item4.Mine Safety Disclosures43Item 5. Other Information43Item6. Exhibits44 SIGNATURES45 CAUTIONARY NOTEREGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form10-Q (this “Quarterly Report”) includes “forward-looking statements”within the meaning of Section27A of the Securities Act of 1933, as amended (the “Securities Act”) andSection21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements,other than statements of historical fact included in this report, regarding our strategy, future operations,financial position, estimated revenue and losses, projected costs, prospects, plans, and objectives ofmanagement are forward-looking statements. When used in this Quarterly Report, the words “could,”“believe,” “anticipate,” “intend,” “estimate,” “expect,” “project” and similar expressions are intended toidentify forward-looking statements, although not all forward-looking statements contain such identifyingwords. These forward-looking statements are based on management’s current expectations andassumptions about future events and are based on currently available information as to the outcome andtiming of future events. When considering forward-looking statements, you should keep in mind the riskfactors and other cautionary statements described under, but not limited to, the heading “Item 1A. RiskFactors” included in this Quarterly Report and elsewhere in the Annual Report of Ramaco Resources,Inc.(the “Company”) on Form10-K for theyear ended December31, 2025, originally filed with the UnitedStates Securities and Exchange Commission (the “SEC”) on February 26, 2026, and subsequentlyamended by Amendment No. 1 on Form 10-K/A filed with the SEC on July 24, 2026 (as amended,“Annual Report”), as well as other filings of the Company with the SEC. Forward-looking statements may include statements about:●the Brook Mine, the Company’s rare earth elements (“REE”) and other critical minerals project;●identification and implementation of commercially feasible extraction processes, and progresstowards establishment of pilot and commercial production extraction facilities;●anticipated coal production levels, costs, sales volumes, and revenue;●timing and ability to complete major capital projects;●economic conditions in the metallurgical coal, steel, and rare earth elements and other criticalmineral industries;●expected costs to develop planned and future mining operations, including the costs toconstruct necessary processing, refuse disposal and transport facilities;●the availability of the equipment and components necessary to construct our pilot andcommercial production extrac