Ramaco Resources, Inc. has received a US$6.1 million matching grant for Ramaco’s Wyoming carbon ore rare earth (CORE) Brook mine project. The funding will match Ramaco’s significant future investment in constructing and equipping a rare earth and critical minerals pilot processing facility north of Sheridan, Wyoming.
Ramaco stands at the forefront of pioneering rare earth and critical minerals processing and carbon ore-to-products research, with a research park to be constructed adjacent to the 16 000 ac Brook mine property in northern Wyoming. Ramaco’s proposed new rare earth elements (REE) and critical mineral Brook mine would be the first new rare earth mine opened in the US since 1952.
Randall Atkins, Chairman and CEO, Ramaco Resources, Inc., said:
“For over 15 years, Ramaco has proudly called Sheridan home and invested in the people and economy of Wyoming. The recent discovery that our state’s rich coal resources also contain the rare earth and critical minerals our country so desperately needs, now puts Wyoming at the centre of delivering on our nation’s energy and national security requirements. Ramaco is proud to have the support of Governor Gordon and to invest alongside the Wyoming Energy Authority’s matching grant in the Wyoming CORE Brook mine project in Sheridan. The Wyoming legislature had the foresight to fund this programme. Now Governor Gordon, and the Authority are putting it to good use by creating new jobs and economic development for the people of Wyoming. After many years of investment, we are now moving this project of national importance forward and we are committed to making our community and Wyoming proud.”
Ramaco seeks to extract valuable REE and critical minerals from unconventional coal and carbonaceous ore deposits contained at the mine. The Brook mine has been called one of the largest unconventional deposits of these elements in the world by the US Department of Energy’s National Energy Technology Laboratory.
Funding from the State of Wyoming is dedicated to design, construct, and equip a facility deploying innovative technologies to produce concentrated mixed rare earth oxides and other critical minerals from Wyoming’s abundant coal resources. The planned facility will be an enclosed structure located on Ramaco-owned property which is industrial zoned- I-2 with initial construction scheduled to begin in the Autumn of 2025. Ramaco believes that the facility will be the first in the nation to deploy advanced, energy efficient technologies to convert carbon ores through beneficiation and hydrometallurgy to produce mixed rare earth oxides and separated oxides.
Read the article online at: https://www.worldcoal.com/coal/19032025/ramaco-rare-earth-project-awarded-us61-million/