Ramaco Resources, Inc.

Aug 10, 2026

Ramaco’s $8 Billion Brook Valuation Rests on Carbo-Chlorination Scale-Up

Hatch’s Class 5 assessment gives Brook Mine roughly $3.2 billion of construction capital plus $800 million of contingency, while Ramaco’s model produces an $8 billion NPV. The valuation now depends on pilot work proving the 1,050°C carbo-chlorination flowsheet, recoveries, power demand and equipment scale-up before the 2031 production target can become financeable.