Investor Presentaiton

MET COAL ASSET PORTFOLIO WITH COMPETITIVE ADVANTAGES Central Appalachian operations Elk Creek RAMACO RESOURCES Pittsburgh Logan Elk Creek Reserve Raleigh Ram Mining Properties • • • 20+ year reserve life in thick coal seams at deep mines and attractive ratios at surface mines translate to low costs. ~3 million tons per year of High Vol A/B+ production at full capacity, including prep plant expansion, with optionality to go to ~3.4 mtpa. Berwind • 20+ year reserve life in thick coal seams at deep mines translate to low costs. 2021 Amonate acquisition should allow for production of almost 2 million tons per year of Low & Mid Vol production at full capacity at the Berwind Complex. Knox Creek Production at Mid Vol/High Vol A Big Creek mines began in 2021. Almost 1.5 million tons per year of total potential. Maben • We can increase Maben to over 1 million tons, with the addition of a new prep plant. (Note: Berwind tons above are inclusive of 250,000 tons of premium Low Vol production from Maben highwall mine.) Northern Appalachian operations RAM • Potential High Vol mine, with projected low mining costs; 6 miles by barge from Clairton Coke Plant, and nearby other key coke plants. Not yet fully permitted. Up to 0.5 million tons per year of production at full capacity. Kentucky Pike Wyoming Maben Reserve West Virginia Virginia McDowell Buchanan Berwind Reserve Tazewell Amonate Reserve Big Creek Reserve Knox Creek Reserve Mercer We anticipate growing annual production to at least 6.5 million tons over the next few years, subject to market conditions. 24

View entire presentation