Ramaco signs CRADA with U.S. Department of Energy's National Energy Technology Laboratory

Ramaco Resources, Inc. signed a Cooperative Research and Development (R&D) Agreement (CRADA) with the U.S. Department of Energy’s (DOE) National Energy Technology Laboratory (NETL) to advance research on rare earth elements and critical minerals. This partnership aims to facilitate the exploration, processing, and commercialization of resources at Ramaco's Brook Mine in Wyoming.

The CRADA establishes a collaborative framework for projects targeting rare earth elements, advanced materials, and carbon technologies. It is expected to enhance U.S. competitiveness and support domestic manufacturing through R&D efforts.

Ramaco plans to leverage advanced computing, Artificial Intelligence (AI), and quantum technologies to streamline workflows in the development of these minerals. Specific focus will be on integrating expertise from the DOE’s newly established Minerals to Materials Supply Chain Research Facility (METALLIC), which collaborates with multiple national laboratories.

“This agreement reflects the strength of our partnership with NETL and aims to expedite Ramaco’s commercial efforts at the Brook Mine,” said Randall W. Atkins, CEO of Ramaco Resources. The CRADA will remain effective for five years, allowing for various collaborative projects.

NETL previously assisted in the discovery of rare earth deposits at the Brook Mine in 2018 and has collaborated with Ramaco on multiple projects. The agreement will support continued innovation in technologies that convert coal into high-value carbon products.