Ramanco Resources with a grant for the Brook Mine Project

Ramaco Resources, Inc. has made a press release where it announced the receipt of a $6.1 million matching grant from Wyoming Governor Mark Gordon and the Wyoming Energy Authority. This grant will support Ramaco’s Wyoming CORE (Carbon Ore Rare Earth) Brook Mine Project which will be located near Sheridan Wyoming.

Key information

Ramaco’s Brook Mine will be the first rare earth mine opened in the U.S. since 1952, targeting critical minerals essential for energy and national security.

The grant will help design and build an advanced facility to extract rare earth elements (REEs) and critical minerals from unconventional coal and carbonaceous ore.

The facility will use innovative, energy-efficient technologies, placing Wyoming at the forefront of critical mineral production.

Economic development

Randall Atkins, Chairman and CEO of Ramaco Resources has informed that: „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 center 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 program. 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.”

The construction is planned to begin in Fall 2025. This project including a planned research park is considered a major innovation milestone in the region.