Exhibit 99.1
Resource Extraction Payment Report
Ramaco Resources, Inc.
| Payment Amount (in USD) By Payment Type | ||||||||||||||||||||||||||||||||||||||||||||||||
| Segment (or Entity Level *) | Project / Subnational Political Jurisdiction | Resource / Method of Extraction | Governmental Recipient | Payment Description | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Payments for Infrastructure Improvements | Community and Social Responsibility Payments | Total | Fiscal Year | ||||||||||||||||||||||||||||||||||
| Ramaco Resources, Inc. (*) | Not applicable (*) | U.S. federal government | Federal income taxes (*) | $ | 750,000 | $ | 750,000 | 2024 | ||||||||||||||||||||||||||||||||||||||||
| Metallurgical Coal Operations | Virginia | Coal / Underground and open pit | ||||||||||||||||||||||||||||||||||||||||||||||
| U.S. federal government | Black lung excise taxes | $ | 14,911 | $ | 14,911 | 2024 | ||||||||||||||||||||||||||||||||||||||||||
| U.S. federal government | Reclamation fees | $ | 46,291 | $ | 46,291 | 2024 | ||||||||||||||||||||||||||||||||||||||||||
| Subtotal for Virginia activities | U.S. federal government | $ | 14,911 | $ | 0 | $ | 46,291 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 61,202 | 2024 | ||||||||||||||||||||||||||||
| Metallurgical Coal Operations | West Virginia | Coal / Underground and open pit | ||||||||||||||||||||||||||||||||||||||||||||||
| U.S. federal government | Black lung excise taxes | $ | 1,002,577 | $ | 1,002,577 | 2024 | ||||||||||||||||||||||||||||||||||||||||||
| U.S. federal government | Reclamation fees | $ | 358,176 | $ | 358,176 | 2024 | ||||||||||||||||||||||||||||||||||||||||||
| Subtotal for West Virginia activities | U.S. federal government | $ | 1,002,577 | $ | 0 | $ | 358,176 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 1,360,753 | 2024 | ||||||||||||||||||||||||||||
| Total | U.S. federal government | $ | 1,767,488 | $ | 0 | $ | 404,467 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 2,171,955 | 2024 | ||||||||||||||||||||||||||||
| Summary of payments to the U.S. federal government | Federal income taxes | $ | 750,000 | 2024 | ||||||||||||||||||||||||||||||||||||||||||||
| Black lung excise taxes | $ | 1,017,488 | 2024 | |||||||||||||||||||||||||||||||||||||||||||||
| Reclamation fees | $ | 404,467 | 2024 | |||||||||||||||||||||||||||||||||||||||||||||
| $ | 2,171,955 | |||||||||||||||||||||||||||||||||||||||||||||||
| (*) | The U.S. federal government levies corporate income taxes at the consolidated group level rather than on a per-project basis. The reported amount of federal income taxes paid excludes any U.S. federal income tax refunds received during 2024. |
All payments above were made in U.S. dollars