What is the intended use of the proceeds from the public offering?

Intended use of the proceeds – what the news says

The excerpt you provided about Ramaco Resources, Inc.’s (NASDAQ: METC, METCB) $200 million public offering only tells us that the company:

• Completed an under‑written public offering of Class A common stock.
  
• Sold 10,666,667 shares.

The text does not contain any statement describing how the company plans to allocate the cash it raised (e.g., for project development, debt reduction, working‑capital needs, acquisitions, or other corporate purposes).

Because the press release’s “use of proceeds” section is not included in the snippet you shared, we cannot definitively answer what Ramaco intends to do with the proceeds based solely on the information given.

How to find the intended use

If you need the specific allocation, you can:

1. Read the full press release – The complete PRNewswire announcement (often a few paragraphs after the opening) usually contains a “Use of Proceeds” paragraph.
2. Check the company’s SEC filings – The Offering is likely disclosed in a Form S‑1, S‑3, or Form 8‑K, which includes a detailed description of how the funds will be used.
3. Visit Ramaco’s investor‑relations website – They typically host the full press release and related filing PDFs.

Once you locate that section, you’ll see the exact purposes (e.g., “to fund the development of the [Project Name] mine, repay existing debt, and for general corporate purposes”). Until then, the intended use cannot be derived from the excerpt provided.