The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of shareholders who purchased or otherwise acquired Ramaco Resources, Inc. (“Ramaco” or the “Company”) (NASDAQ: METC) securities between July 31, 2025 and October 23, 2025, inclusive (the “Class Period”). Ramaco investors have until March 31, 2026 to file a lead plaintiff motion.

What Happened?

On October 23, 2025, Wolfpack Research published a report alleging, among other things, that Ramaco’s Brook Mine in northern Wyoming is a “hoax” and a “Potemkin Mine” which was not, in fact, mined after its July groundbreaking. The report alleges that the Company “built this mine for show,” and reveals that, as shown by drone footage taken three months after the mine’s opening, no active work appears to have occurred. The report states that “[d]espite multiple site visits during working hours over several weeks” Wolfpack researchers “never observed the equipment mentioned in news reports or any active work.”

On this news, Ramaco’s stock price fell $3.81, or 9.6%, to close at $36.01 per share on October 23, 2025, on unusually heavy trading volume.

What Is The Lawsuit About?

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Defendants had not commenced any significant mining activity at the Brook Mine after groundbreaking; (2) that no active work was taking place at the Brook Mine; (3) that, as a result, the Company overstated development progress at the Brook Mine; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.