Investor Presentaiton
CORE ASSETS OVERVIEW
Coal production and infrastructure royalty business; potential future royalties on REES
and advance carbon products
CORE Assets represents the coal royalty and coal infrastructure assets of
Ramaco, as well as potential future royalties from Ramaco's rare earth
element deposit and advanced carbon products business. Holders of
METCB¹ will receive a separate dividend based on the financial
performance of the CORE Assets.
CORE Assets Investment Highlights
Significant income from non-cost bearing royalties on coal reserves mined primarily by Ramaco.
> Significant fixed fee-based income from coal preparation plants and rail loadout facilities all
servicing Ramaco.
Potential future royalties from a deposit of rare earth elements which has the potential for being
developed into an important domestic source of REES.
Potential future licensing fees from a vertically integrated platform consisting of leading-edge
technology to convert coal into high value advanced carbon products.
Current forecast assumes a CORE dividend of $0.60 per share in 2022 ($5.6 million) and $0.91
per share ($8.5 million) in 2023².
RAMACO
RESOURCES
CORE Assets
Portfolio Overview
Coal Royalties
•
Non cost bearing royalty interests in coal
assets owned in-fee or under long-term
leases, the vast majority of which are
operated by Ramaco.
~37% of CORE's projected 2023 income.
Coal Infrastructure
Non cost bearing: $5/ton fee for coal
processed in Ramaco's preparation plants +
$2.50/ton fee for coal loaded at Ramaco's
railroad facilities.
~63% of CORE's projected 2023 income.
Rare Earth Elements
valuable source of domestic REES.
Large Exploration Target was recently
defined by Weir International, which
suggests the Brook Mine could become a
•
Potential future royalty income.
Advanced Carbon Products
Vertically integrated platform of resource,
research, and future manufacturing
assets focused on advanced-carbon
product technologies.
•
Potential future licensing fee income.
(1) METCB is the expected ticker symbol for the Class B common stock. (2) Represents 12-month basis. Detail can be found
in S-1/A as filed with the U.S. Securities and Exchange Commission on 6/8/23.
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