
From Coal Dust to Treasure Chest!
Alright folks Donkey here bringing you the hottest news straight from… well Kentucky! Turns out some lucky fellas at Ramaco Resources were digging for coal you know the stuff that makes fire hot and BAM! They stumbled upon a whole heap of rare earth elements. I'm talking enough shiny rocks to make even Dragon blush! Apparently this Brook Mine in Wyoming which they got for only two million smackers is hiding a secret stash of 1.7 MILLION TONS of the stuff! That's like finding a whole swamp full of gold... or maybe onions if you're Shrek.
Bye Bye China! Hello Freedom!
Now why is this a big deal? Well turns out the U.S. has been kinda sorta totally relying on China for these rare earth elements. Like 70% reliant. And with all that's been going on with China puttin' controls on exporting those elements in retaliation for President Trump's tariffs the US is in a pickle! These elements are used to make all sorts of important things like uh fancy weapons and... well stuff that keeps us safe! So this Kentucky mine could be a total game changer helping the U.S. break free from China's uh grip.
Ramaco to the Rescue! (Maybe?)
So Ramaco Resources these coal digging heroes are gonna try and make this whole thing work. Their CEO Randall Atkins he sounds like a smart cookie. He says this mine could help with the "national strategic supply shortfall." Sounds important right? They're hoping to start making some serious moolah... I mean uh produce lots of rare earths by 2028. They’re even having a ribbon cutting ceremony! I hope they have carrot cake.
Speed Bumps on the Road to Riches
But hold your horses! It ain't all sunshine and rainbows. Ramaco's stock is down 11% this year and they recently posted a loss. Turns out diggin' up coal ain't as easy as eatin' a waffle in the mornin'. And this rare earth project? It's gonna cost a pretty penny. Like a REALLY big pretty penny. They're getting some engineering firm called Fluor to figure out how much it's all gonna cost.
Uncle Sam to the Rescue?
Now here's where it gets interesting. Ramaco ain't lookin' for any partners. They wanna do this all by themselves! Brave move I gotta say. But they ARE hoping Uncle Sam will lend a helping hand. Like maybe some government funding or a sweet deal with the Defense Department. After all these rare earths are kinda important for those fancy warplanes right? Like the F 35. It's got over 900 pounds of those rare earths!
Fairy Tale Ending (Hopefully!)
So there you have it folks! A little coal mine in Kentucky Wyoming poised to save the day! It's like something out of a fairy tale except instead of a princess it's a bunch of rocks. And instead of a dragon it's well global economics. I hope Ramaco is successful. If they are maybe they’ll need a talking Donkey as a mascot. Or build me a castle! Now I'm off to find some waffles. Gotta keep this Donkey fueled!
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This could really help our national security.