SCHEDULE 13G/A: BlackRock Reports 4.3% Stake in Ramaco Resources

BlackRock, Inc. has filed an amended Schedule 13G, disclosing a 4.3% beneficial ownership of Ramaco Resources, Inc.'s Class A Stock as of September 30, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 2,351,748 shares of Ramaco Resources, Inc. Class A Stock.
• This ownership represents 4.3% of the total outstanding Class A Stock.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously reported stake.
• BlackRock holds sole voting power over 2,305,021 shares and sole dispositive power over 2,351,748 shares.
• The securities were acquired in the ordinary course of business and not for the purpose of changing or influencing control of Ramaco Resources.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership by an institutional investor, providing factual information without indicating significant positive or negative developments for the issuer.

Positives

• A major institutional investor, BlackRock, maintains a significant stake in Ramaco Resources, indicating continued confidence in the company.
• The investment is stated to be for ordinary course of business, not for control, which suggests stability in corporate governance and a passive investment approach.

Negatives

• No specific negative information about Ramaco Resources is disclosed in this beneficial ownership filing.

Risks

• No specific risks to Ramaco Resources are detailed in this beneficial ownership filing.

Future Outlook

The filing does not provide forward-looking statements or guidance regarding Ramaco Resources' operations or financial performance. BlackRock's statement of intent indicates a passive investment approach.

Management Comments

• To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

Ramaco Resources operates in the coal mining industry. BlackRock, as one of the world's largest asset managers, routinely discloses its passive stakes in publicly traded companies across various sectors, including energy and materials. This filing reflects a standard institutional investment disclosure.

Comparison to Industry Standards

• This filing is a standard Schedule 13G disclosure, common for institutional investors holding less than 20% of a company's stock without intent to influence control. It aligns with regulatory requirements for transparency in significant ownership stakes. No specific comparable companies or projects are relevant for this type of filing.

Stakeholder Impact

• Provides transparency to shareholders and the market regarding a significant institutional ownership stake in Ramaco Resources.
• Confirms BlackRock's passive investment intent, which may reassure other investors regarding corporate control.

Next Steps

• No specific future actions or milestones for Ramaco Resources are mentioned in this ownership disclosure.

Key Dates

Keywords

Ramaco Resources, BlackRock, Schedule 13G, Class A Stock, beneficial ownership, institutional investor, coal, mining