Ramaco Resources and REalloys Sign MOU to Explore Rare Earth Strategic Partnership

Metallurgical coal producer Ramaco Resources, Inc. (NASDAQ: METC, METCB) has announced the signing of a non-binding memorandum of understanding (MOU) with REalloys Inc. (NASDAQ: ALOY), an Ohio-based rare earth company, according to a PR Newswire release dated May 28, 2026. The agreement outlines the intent to establish a strategic relationship between the two companies, though specific terms and operational details remain subject to further negotiation given the non-binding nature of the MOU. ## Strategic Context The partnership reflects a broader trend of energy and materials companies seeking to strengthen domestic critical minerals supply chains. Rare earth elements are essential components in a wide range of industrial and defence applications, including electric motors, wind turbines, and advanced naval and maritime propulsion systems. As the global shipping industry accelerates its transition toward alternative fuels and electrification, demand for rare earth materials in maritime technology — from hybrid propulsion units to port electrification infrastructure — is expected to grow substantially. Ramaco Resources, headquartered in Lexington, Kentucky, is primarily known as a producer and exporter of high-quality metallurgical coal used in steelmaking. The company's interest in rare earth development aligns with a strategic pivot that Ramaco has been pursuing in recent years, leveraging the rare earth mineral deposits identified within its coal properties in the Appalachian region. REalloys Inc., listed on NASDAQ under the ticker ALOY, focuses on the processing and commercialisation of rare earth alloys, positioning itself as a domestic alternative to foreign — predominantly Chinese — rare earth supply chains. ## Industry Implications For the maritime sector, the development of domestic rare earth processing capacity carries long-term significance. Shipbuilders, port equipment manufacturers, and operators of electric and hybrid vessels are increasingly exposed to supply chain risks tied to rare earth availability. A strengthened domestic supply base could help mitigate those risks and support the industry's decarbonisation goals. The MOU is non-binding and does not guarantee a definitive agreement will be reached. Both companies are expected to conduct further due diligence before any formal partnership terms are finalised. *Source: PR Newswire*