Weekly Recap: MS cuts METC price target to $11 and Jenkins named CAO

NOAA published The Metals Company's bid to mine 65,000 sq km of Pacific seabed for 619M metric tons of mineral nodules. A second, larger tract of 122,000 sq km is also under review. The ISA and other nations dispute the U.S.'s authority to grant such permits under international law. The Metals Company, backed by Pacific nations, aims to supply battery metals amid rising demand and China's dominance in refining.

Ramaco Resources (METC) signed a non-binding MOU with Indium Corporation to supply gallium and germanium from its Brook mine in Wyoming. The Brook mine is developing rare earth elements and critical minerals, with full-scale mining and a pilot facility underway. Indium Corporation refines and manufactures high-performance materials for electronics and semiconductors. Ramaco's CEO highlighted the potential to strengthen U.S. supply chains. The stock closed up 3.97%, with a market cap of $698.8M.

Ramaco Resources (METC) reported Q2 2026 net loss of $15.4 million and adjusted EBITDA of $5.7 million, down 37% year over year. Diluted EPS was ($0.26). Liquidity totaled $400.1 million at June 30, 2026. 2026 production guidance was cut to 3.6-3.9 million tons and sales to 4.0-4.3 million tons. Brook Mine NPV was modeled at $3.4B-$8B.

Ramaco Resources (NASDAQ: METC) reported Q2 2026 results with a net loss of $15.4 million and Class A diluted EPS of $(0.26). Adjusted EBITDA was $5.7 million. The company repurchased 3.5 million shares at an average $14.41. Liquidity ended at $400.1 million. It also approved a $25 million Maben development project and updated 2026 coal guidance.

Ramaco Resources, Inc. (METC) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 RAMACO RESOURCES REPORTS SECOND QUARTER 2026 RESULTS LEXINGTON, KY., August 4, 2026 -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, “Ramaco” or the “Company”) is a leading operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and i

Blue Owl Capital arranged a $2.4 billion debt deal for Iren to buy Nvidia GPUs for a Canadian data center. The financing includes $1.2 billion in loans and notes, both at 9% interest. Iren, a cloud provider and Bitcoin miner, plans $30B in 2027 capex. Its shares fell 13% to $35.40 on Friday. Blue Owl manages $319B in assets.