Ramaco Resources Q2 EPS $(0.26) Misses $(0.25) Estimate, Sales $144.799M Beat $133.720M Estimate

Greenland Rare Earth Project Books Its First Indicated Resource

Greenland Mines Ltd. announced the first S-K 1300 technical report for its Sarfartoq neodymium-praseodymium rare earth project in Greenland, achieving a landmark classification of 6.9 million tonnes at Indicated resource status—the first in 15 years of project history. The report models combined open pit and underground mining scenarios (Hybrid case) and includes a strategic partnership with Neo Performance Materials, which gains offtake rights on up to 60% of future production. This regulatory milestone enables the project to support preliminary economic assessment studies, addressing a critical gap in Western rare earth feedstock development.

Shares of steel-related companies are trading higher after President Trump said in a social media post that tariffs on cars, trucks, automotive parts and steel from Canada will be increased to 50% from January 1, 2027. Steelmakers with U.S. production facilities may benefit from the protectionist import duties.

Shares of steel and aluminum-related companies are trading lower amid expectations for progress on a U.S.-Canada trade agreement before the weekend. A trade framework may lessen investor interest in finished metals producers that would have benefitted from domestic U.S. production under continued tariffs.

Watching Ramaco Resources; Shares See Volume To The Upside, Live On Fox Business, CEO Discusses New U.S. Rare Earth Mine Development