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LEXINGTON, Ky., Feb. 16, 2021 /PRNewswire/ Ramaco Resources, Inc. (NASDAQ: METC) ( Ramaco Resources or the Company ) today announced that its Board of Directors accepted the resignation of Tyler Reeder as a Director and the appointment of Jennifer Gray as a new independent director. Both Reeder and Gray are currently Managing Directors of Energy Capital Partners, a major shareholder in the Company.
Randall Atkins, Ramaco Resources Chairman and Chief Executive Officer remarked, We are sorry to announce that Tyler Reeder will be stepping down from the Board due to other commitments at Energy Capital. Tyler has been a steady, experienced voice on the Board since before we became a public company and his counsel will be missed. We are excited however to be welcoming Jennifer Gray to the Board. Jennifer s legal background will provide the Board with additional strength as we navigate today s challenging environment. We look forward to worki
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LEXINGTON, Ky., Feb. 16, 2021 /PRNewswire/ Ramaco Resources, Inc. (NASDAQ: METC) ( Ramaco Resources or the Company ) today announced that its Board of Directors approved expenditure for opening two new mines. They are expected at full production to add almost one million new tons per year of additional low vol and mid-vol production, with initial production beginning in 2021. Together they will increase Ramaco s overall capacity by roughly 50%, to approximately 3 million tons of annual low-cost production.
Randall Atkins, Ramaco Resources Chairman and Chief Executive Officer remarked, Today, the Board approved the completion of the current Berwind slope which had been halted last year, as well as starting a new surface mine at the Knox Creek complex called the Big Creek mine. We look forward to resuming Ramaco s originally projected growth trajectory to over 4 million tons in this current strong market and plan to spend approximately
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ARLINGTON, Texas, Feb. 16, 2021 /PRNewswire/ Welding is a proven and sometimes preferred method of fabricating steel-to-steel connections. However, in many applications, fasteners offer advantages including time, cost, labor savings, and safety.
When evaluating whether welding or fastening is better suited for a particular installation, a variety of project factors should be considered. In the final analysis, the type of joint to be specified and fabricated depends on materials, coatings, load factors and more, as well as operational preferences.
All-Pro Fasteners has recently published a new whitepaper,
Fastening vs. Welding: Fabricating Better Joints, which addresses these factors in detail.
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MELBOURNE, Fla., Feb. 16, 2021 /PRNewswire/ Advanced Magnet Lab, Inc. (the Company or AML ) announced today that Thomas E. Turner has been appointed to the Company s Board of Directors, effective December 18, 2020.
Mr. Turner, an industry veteran with leading, developing, and exiting technology companies, comes to AML as the business transitions into commercial endeavors.
Thomas E. Turner
In 2020, the Company launched three significant programs, which validate and financially support the Company s vision and execution plan for the commercialization of novel permanent magnet-based products.
AML is presently scaling its pilot manufacturing program with anticipation of full-rate manufacturing within the next year.
Momentum Manufacturing Group Appoints Steven Gore to Chief Operating Officer
Strengthening The Leadership Team to Accelerate Continued Growth
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GEORGETOWN, Mass., Feb. 16, 2021 /PRNewswire/
Momentum Manufacturing Group, one of the top ten largest specialty metal manufacturers in North America, announced today they have promoted Steven Gore to Chief Operating Officer. The move will help accelerate the company s growth and alignment of its end to end metal manufacturing solution. Steve has done an exceptional job leading our southern operations, driving growth over 35% in 2020 through a very challenging business climate, said Jim Moroney, CEO of Momentum Manufacturing Group. He has also been instrumental in aligning the operations and leadership teams from each of our operating companies as we continue to streamline and unify our efforts.