Ramaco Resources Inc. Announces Key Senior Executives to Support Multi-Year Production Growth Strategy

LEXINGTON, Ky., September 12, 2022 /PRNewswire/ — Ramaco Resources, Inc. (NASDAQ: METC) (“Ramaco Resources” or the “Company”) today announced the appointment of four senior executives to newly created positions within the Company. Paul Horn will serve as Senior Vice President and Chief Mining Development Officer of Ramaco, Scott Kreutzer will join as Senior Vice President and General Manager, Tim Chatter will hold the position of Director of Financial Information, and Katie Monroe will assume the functions of Director of Land Administration.

Hiring is an integral part of Ramaco’s continued growth and production expansion. Ramaco recently announced plans to nearly triple its annual metallurgical coal production from 2021 levels over the next few years and is also exploring its potential to exploit its rare earth element reserves in Wyoming.

“We are building on our already strong bank to help us take our business to the next level of growth,” said Randall Atkins, Chairman and CEO of Ramaco Resources. “In our first five years, we have essentially grown from scratch to become a 2 million ton per year production operation. Over the next few years, we intend to triple that size to produce more than 6.5 million tonnes per year. To effectively execute to achieve these levels, we are hiring additional senior managers across a variety of operational, financial and administrative disciplines to complement our existing highly effective team.”

Paul Horn brings with him nearly 30 years of experience as one of the most senior mining executives in the Central Appalachian market. He worked for more than twenty years for the private group Booth Energy including ten years as President and Chief Operating Officer. In these roles, he oversaw numerous large-scale underground and surface mining complexes in both Kentucky and West Virginia. He began his career in operations at Alliance Coal and also served as Past President of the Kentucky Coal Association.

Horn’s role at Ramaco will be to lead and oversee the development and expansion of all of the Company’s existing and new mining complexes.

“Paul is a true, proven mining professional with in-depth knowledge of our business. We look forward to seeing him play a vital role in executing our growth plans to bring several new mining complexes and infrastructure production facilities online,” said Chris Blanchard, chief operating officer of Ramaco. “On my behalf and on behalf of the rest of the operations team, we are delighted to be working with Paul and quickly integrating him into our growing operations and development efforts.”

Scott Kreutzer comes to Ramaco with over 25 years of experience in operational, strategic, legal and land administration matters. He served as Executive Vice President and Chief Operating Officer as well as Chief Strategy Officer at Contura Energy. He also served as senior vice president of land administration at Contura and Alpha Natural Resources. He also worked at Eagle Specialty Materials as General Counsel and at TECO Coal as Business Development Manager.

In his role as Chief Administrative Officer, he will provide primary oversight of Ramaco’s administrative and related legal functions, as well as coordination between operations and marketing on strategy. He will also oversee development efforts and work with our new Director of Land Administration.

“We are in growth mode to become a substantial presence in the U.S. metallurgical coal space, and Scott’s multi-talented experience at a number of large coal groups will enable him to play a key role in the “evolution of our administration, operations and marketing functions and strategy,” said jeremy susman, Chief Financial Officer of Ramaco. “On behalf of our entire management team, we are delighted to welcome Scott to Ramaco.”

Tim Chatting arrives at Ramaco from Lexmark International in Lexington where he held senior financial accounting and reporting positions with the SEC for more than 25 years. Most recently, he served as a senior director overseeing complex accounting processes and emerging topics, such as carbon offset programs. When Lexmark went public, Tim was the senior SEC reporting manager, responsible for preparing and reviewing SEC filings. Tim will oversee SEC-related accounting matters at Ramaco.

Katie Monroe comes to Ramaco from the Jackson Kelly Land and Tax Practice Groups in Charleston, West Virginia focusing on all aspects of land management and administration. Previously, she led the land management division at Columbia Gas Transmission LLC, overseeing a large team that administered the company’s land rights. She was also a titles specialist/titles lawyer for the production company EQT.

About Ramaco Resources, Inc.
Ramaco Resources, Inc. is a miner and developer of high-quality, low-cost metallurgical coal in southern West Virginia, southwestern Virginia and southwestern Pennsylvania. Its executive offices are in Lexington, Kentuckywith operational offices in Charleston, West Virginia and Sheridan, Wyoming. The Company currently has three active mining complexes in central Appalachia and a non-production mine near Sheridan, Wyoming. Adjoining the Wyoming mine, it operates a research and pilot facility related to the production of advanced carbon products and materials from coal. As part of these activities, it holds a corpus of approximately 50 intellectual property patents, pending applications, exclusive license agreements and various trademarks. For more information about us, please visit our website at www.ramacoresources.com.

INVESTOR RELATIONS: [email protected] or 859-244-7455

SOURCERamaco Resources, Inc.

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