Ramaco Resources Inc.

Climate Impact & Sustainability Data (2022, 2023)

2022 water discharge compliance was 99.97% in West Virginia and 100% in Virginia
Asset retirement obligations (AROs) are 94% below the average of our peer group.

2022 was one of the Company’s safest year on record, as measured by an NDL (no days lost) rate of 0.75.
Formation of the Ramaco Foundation, which invests in the regions where Ramaco employees live and work.
Received its second “Sentinels of Safety Award” from the National Mining Association, the U.S. National Institute of Occupational Safety and Health, and the U.S. Office of Surface Mining Reclamation and Enforcement.
Received five Mountaineer Guardian Awards for “exemplary mine safety performance” in 2022, as well as a Mountaineer Guardian Award for reclamation from the WV Office of Miner’s Health, Safety & Training.

Environmental, Health and Safety Board Committee that regularly reviews its compliance with environmental, health and safety matters.

Medium-term Goals:

Short-term Goals:

Maintaining a low-cost position amidst industry-wide inflationary pressures.
Compliance with stringent domestic and foreign laws and regulations, including environmental, climate change and health and safety regulations, and permitting requirements.

Commitment to staying at the low end of the U.S. cost curve.
Proactive implementation of safety processes that promote a safe and healthy work environment.
Strong commitment to ESG principles.

Methane emissions below MSHA standards
99.63% EPA Discharge Compliance (6748 samples)
Zero gallons of municipal water use; all water use from recirculation and internal sources
Implementation of plate presses at Berwind and Elk Creek to reduce water usage and eliminate impoundment risk at Berwind
80% of coal production from underground mining (lower surface land disturbance)
Substantially lower Asset Retirement Obligations compared to peer companies

Launched the Ramaco Foundation, providing $1,000,000 in initial funding for community investment
Ramaco Employee Scholarship Program paid out over $325,000 in its first year
Three-time recipient of the Sentinels of Safety Award
Numerous other safety awards from state and national organizations

Established a standing Board of Directors committee focused on Environmental, Health, and Safety
Developed a comprehensive Environmental Management System Manual
Board of Directors complies with NASDAQ diversity rule (Rule 5605 (f))
Updated Code of Conduct and Financial Code of Ethics in October 2023
Established mechanisms for anonymous reporting of financial concerns

Investing in energy-efficient equipment and new technology
Implementing cyclical approach to water management (recirculation, recycling)
Comprehensive safety program including training, audits, and continuous improvement
Development of new, more environmentally sustainable uses for coal

Development of coal-to-products, including activated carbon fiber for direct air capture and graphite for batteries

Sentinels of Safety Award (three times)
WV Mountaineer Guardian Award (seven times)
WV Joseph A. Holmes Safety Award (five times)
Other awards for safety, refuse disposal, impoundment, and prep plant operations