Investor Presentaiton

CORE: COAL INFRASTRUCTURE OVERVIEW Stable cash flow from fixed fees and low operating costs Coal Infrastructure Overview CORE's coal infrastructure assets consist of coal preparation plants and rail-car loading facilities at Elk Creek, Berwind, and Knox Creek. The revenue associated with these assets will be calculated based on a fee of $5 per ton of coal processed and a fee of $2.5 per ton of coal loaded into a railcar. Revenue associated with the existing CORE infrastructure assets is projected to be $27 million in year ending December 31, 2023, based on projected throughput, up from $17 million in 2022. CORE's coal infrastructure assets provide significant stable cash flows that are not directly tied to coal prices, just volume. Elk Creek Facilities RAMACO RESOURCES Elk Creek Preparation Plant Coal Infrastructure Processing Profile Berwind Facilities Know Creek Facilities In 2022, shipped 1.8 million tons. Throughput upgrade during 2022 will increase processing capacity to 3.0 million tons on an annualized basis. > Target 2023 sales of 2.4 million tons. Target sales of 0.8 million tons in 2023, up meaningfully from 2022. > Ramaco expects to produce up to 1.9 million tons at full capacity. Target sales of 0.4 million tons in 2023. Ramaco expects to produce up to 1.3 million tons at full capacity. 17

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