Investor Presentaiton

RAMACO AT A GLANCE R RAMACO RESOURCES Key Highlights "Pure play" metallurgical coal company Our metallurgical coal is a key component in the production of primary steel, which is crucial to infrastructure development and the energy transition. Strong Growth Trajectory Targeting production of ~6.5 million tons by 2026, up from ~0.5 million tons produced in 2017. Strong Financial Performance 2022 net income was a record at $116 million. 2022 Adjusted EBITDA increased 159% to $205 million. With only $123 million in capex, the company generated strong FCF. Attractive Capital Structure We have minimal AROS, net debt and legacy liabilities, as well as strong free cash flow generation. Rare Earth Element Optionality Despite our recent Rare Earth Element discovery, METC is currently trading in-line with its coal peers at just ~2x trailing EV/EBITDA. 2022 79% Revenue 73% Dual Class Structure Two Ways to Play 1 METC: Met Coal Operations Pure-play, low-cost met coal producer, with strong production growth Exciting recent Rare Earth Element discovery Attractive dividend 2 METCB: Class B Common Stock Attractive Royalty Stream and Infrastructure income Exposure to Rare Earth Element and Carbon Product opportunities Favorable dividend strategy 159% EBITDA Growth The Path Forward We expect continued production and free cash flow growth from our core metallurgical coal business. We recently announced independent findings from NETL and Weir International that our Brook Mine in Sheridan, WY possesses a significant unconventional deposit of Rare Earth Elements, with high relative concentrations of Neodymium, Praseodymium, Terbium and Dysprosium. Our proposed Class B common Stock is anticipated to be distributed on June 21, 2023. We expect total current METC + Class B dividends to be over $32 million on an annualized basis in 2H23.(2) $102MM Net Debt 3/31/23 Key US Supplier of Critical Materials Ramaco is a low-cost, "pure play" metallurgical coal company. Our core product is a key component in the production of primary steel, which is crucial to infrastructure development. We have a strong pipeline to more than double production. When combined with our Rare Earth Element deposit, Ramaco has the potential to be a major US supplier of critical materials for many decades. Highlights Growth Net Income Growth $33MM AROS & Legacy Liabilities 3/31/23 (1) See "Reconciliation of Non-GAAP Measures" in the Appendix. (2) Detail can be found in S-1/A as filed with the U.S. Securities and Exchange Commission on 6/8/23. (3) METCB is the expected ticker symbol for the Class B common stock. 6% METC Current Dividend Yield 3

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