Highlighted News for Feb. 13, 2024:
1. Ramaco Resources, Inc. METC reveals a remarkable surge in operational and financial performance.
4 million tons annual coal shipments achieved, with a nearly 50% increase in Q4 2023 net income, adjusted EPS, and Adjusted EBITDA rising by over 25%, marking the strongest quarter of 2023.
The company’s 2024 outlook projects a significant increase in sales and production, indicating a 40% year-over-year growth and aiming for a five million tons sales run-rate by year-end 2024.
Ramaco also makes a strategic move by acquiring a preparation plant for its Maben Complex to boost operational efficiency and cut costs.
2. Hycroft Mining Holding Corporation HYMC commences a 2024 drilling program at the Hycroft Mine in Nevada, targeting high-grade silver mineralization.
The drilling program aims to define trends and explore untested areas for continuous high-grade silver, reflecting the company’s commitment to enhancing its resource base.
3. Foremost Lithium Resource & Technology Ltd. FMST starts drilling at its Zoro Lithium Property in Manitoba to expand its lithium resource base.
The company received a multi-year work permit and a $300,000 grant to support its drilling initiatives, underscoring its optimism for resource expansion and shareholder value creation.