Hatch to Drive Pre-Feasibility for Ramaco's Brook Mine Project
Ramaco Resources, Inc. (NASDAQ: METC) is excited to announce that Hatch Ltd. has been appointed to lead the critical analytical phase of the Brook Mine rare earth elements and critical minerals (REE/CM) project. This partnership signifies a pivotal moment in the project's development as Hatch will oversee the Pre-Feasibility Study (PFS), guiding test-work support, pilot plant design, and optimizing process flowsheets.
Why Hatch Was Selected
The decision to work with Hatch results from a comprehensive evaluation of proposals from leading engineering firms. Hatch distinguished its proposal with impressive technical depth, streamlined execution approach, and notable expertise in hydrometallurgical operations, especially in rare earth processing.
Comments from Ramaco Leadership
In a statement from Randall Atkins, Chairman and CEO of Ramaco, he highlighted, "Hatch brings a world-class process team with rare earth experience that is vital for the next development phase of this unique project. This partnership aligns with Ramaco's broader strategy to efficiently advance the Brook Mine project and tap into the increasing interest from both governmental and commercial stakeholders. The PFS will serve as a key planning document for future permitting and investment discussions."
Insights from Hatch's Leadership
Hatch's Chairman and CEO, John Bianchini, expressed enthusiasm about collaborating with Ramaco, stating, "Our team is eager to leverage Hatch's extensive knowledge in rare earth processing and hydrometallurgy. The Pre-Feasibility Study will be essential in crafting a technically sound and commercially viable pathway forward, and we are dedicated to providing innovative solutions that ensure sustainable development and long-term value."
Scope of Hatch's Engagement
The scope of Hatch's engagement in the Brook Mine project is comprehensive, including:
- Management and development of a complete test-work program.
- Coordination with third-party national and private labs.
- Creation of a pilot plant design package for integration with downstream purification strategies.
- Preparation of a commercial PFS that includes capital and operating cost estimates adhering to recognized industry standards.
Ramaco is looking forward to close collaboration with Hatch to produce a thorough and technically sound study that will bolster the future development of the Brook Mine REE/CM project.
Previous Contributions to the Brook Mine Project
Ramaco also acknowledges the significant contributions made by Weir International Inc. and Fluor Corporation in this initiative. Weir's recent geological assessments have validated the scale and quality of the deposit, now at an estimated 1.7 million tons of total rare earth oxide (TREO), while Fluor's preliminary economic assessment (PEA) confirms the project's commercial and technological viability. These studies have reinforced Ramaco's development strategy and have been a major step toward establishing the first new rare earth mine and refining project in the U.S. since 1952.
About Ramaco Resources
Ramaco Resources, Inc. specializes in the operation and development of high-quality, low-cost metallurgical coal mines primarily located in southern West Virginia and southwestern Virginia, while also expanding its production of coal, rare earth elements, and critical minerals in Wyoming. The company’s executive office is in Lexington, Kentucky, with operational bases in Charleston and Sheridan. Ramaco currently holds four active metallurgical coal mining sites in Central Appalachia alongside one developing rare earth and coal mine near Sheridan, in early production stages. Notably, a significant deposit of primary magnetic rare earths and critical minerals was recently identified near Sheridan. Adjacent to this site, Ramaco operates a facility dedicated to carbon research and pilot programs aimed at deriving advanced carbon products from coal. In its operations, the company holds around 76 intellectual property patents, applications, licensing agreements, and trademarks. Additional company information and SEC filings can be accessed through their official website.
Frequently Asked Questions
What is the Brook Mine REE/CM project?
The Brook Mine REE/CM project aims to explore and develop rare earth elements and critical minerals to meet increasing market demands.
Why did Ramaco select Hatch for the study?
Hatch was selected for its notable expertise in hydrometallurgical processes and its innovative approach to project execution.
What role will Hatch play in the project?
Hatch will develop the Pre-Feasibility Study, including test programs, pilot plant design, and optimization of processing methods.
How significant is the rare earth deposit at Brook Mine?
The deposit is estimated at 1.7 million tons of total rare earth oxide (TREO), indicating substantial resource potential.
What is Ramaco's focus moving forward?
Ramaco's focus is on advancing the Brook Mine project while exploring opportunities in coal and advanced materials development.
