LEXINGTON, Ky., Feb. 1, 2024
/PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB,
"Ramaco" or the "Company") announced today it has hired
Evan H. Jenkins, the former Chief
Justice of the West Virginia Supreme Court, former two term U.S.
Congressman, and longtime West Virginia State Legislator as the
company's new General Counsel. The Company also announced that
current Vice President and Assistant General Counsel Tyler Adkins will be promoted to Senior Vice
President of Law.
Most recently, Jenkins has served as Senior Vice President
Government Affairs at the United
States Chamber of Commerce in Washington, D.C., the world's largest business
organization. For the past two years he has also served as
president of The Ramaco Foundation and a member of its board of
directors, helping direct Ramaco's philanthropic efforts.
Before joining the Chamber, Jenkins spent four
years serving on the Supreme Court of Appeals of West Virginia and was selected as its Chief
Justice for the 2021 term. He has also had an extensive legislative
career for over 22 years at both the federal and state level.
Jenkins represented West
Virginia's 3rd Congressional District in the United
States House of Representatives for two terms, and
beforehand served three terms in the West Virginia Senate
and three terms in the West Virginia House of Delegates.
Earlier in his career, Jenkins served seven years as General
Counsel of the West Virginia
Chamber of Commerce and fifteen years as Executive Director of the
West Virginia State Medical Association. Jenkins began his legal
career more than 30 years ago practicing labor and employment law
in Huntington, West Virginia.
"As our company has continued to grow, we have attempted to
attract and retain the highest caliber talent for all aspects of
our now national operations in both Appalachia and the West," said Randall Atkins, Chairman and CEO of Ramaco
Resources. "Since the dominant share of our mining assets and
operations are now centered in and around West Virginia, it gives me a distinct honor to
welcome one of West Virginia's
most accomplished citizens as our new General Counsel.
I have known Evan and followed his deeply impressive career for
decades. He will bring skills, temperament, and background to
Ramaco far beyond his position as our new General Counsel, and we
look forward to his new role with us."
Jenkins received his bachelor's degree in business
administration from the University of
Florida and his law degree from the Cumberland School of Law
at Samford University.
Jenkins replaces Barkley J. Sturgill, Jr. who resigned as our
General Counsel effective January 31,
2024.
For additional information please see our Current Report on Form
8-K which is expected to be filed with the Securities and Exchange
Commission today.
RAMACO DECLARES FIRST QUARTER 2024 DIVIDEND FOR CLASS B
TRACKING STOCK
The Board declared a quarterly cash dividend of $0.2416 per share on the CORE Resources Class B
shares. This will be payable on March 15,
2024, to shareholders of record on March 1, 2024. The past two quarterly Class B
dividends annualize to $0.98 per
share.
As previously reported, Ramaco's Board announced a 10% increase
in the Class A dividend in December
2023. This quarterly Class A common stock cash dividend of
$0.1375 per share for the first
quarter of 2024 is payable on March 15,
2024, to shareholders of record on March 1, 2024.
For additional information please see our Current Report on Form
8-K which is expected to be filed with the Securities and Exchange
Commission later today.
About Ramaco Resources, Inc.
Ramaco Resources, Inc. is
an operator and developer of high-quality, low-cost metallurgical
coal in southern West Virginia,
southwestern Virginia and
southwestern Pennsylvania, as well
as an emerging potential producer of rare earth elements and
critical minerals. Its executive offices are in Lexington, Kentucky, with operational offices
in Charleston, West Virginia and
Sheridan, Wyoming. The Company
currently has three active mining complexes in Central Appalachia and the Brook Mine in
Sheridan, Wyoming, where the
company and researchers from the Department of Energy's National
Energy Technology Laboratory have discovered potentially
world-class deposits of rare earth elements. Contiguous to the
Wyoming mine it operates a
research and pilot facility related to the production of advanced
carbon products and materials from coal. In connection with these
activities, it holds a body of roughly 50 intellectual property
patents, pending applications, exclusive licensing agreements and
various trademarks. For more information about us, please visit our
website at www.ramacoresources.com. For more information,
contact investor relations at (859) 244-7455.
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SOURCE Ramaco Resources, Inc.