EX-99.1 2 metc-20231231xex99d1.htm EX-99.1

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 (*)

$400,000

$400,000

2023

Appalachian Coal Operations

Virginia

Coal / Underground and open pit

U.S. federal government

Black lung excise taxes

$86,319

$86,319

2023

U.S. federal government

Reclamation fees

$94,268

$94,268

2023

Subtotal for Virginia activities

U.S. federal government

$86,319

$0

$94,268

$0

$0

$0

$0

$0

$180,587

2023

Appalachian Coal Operations

West Virginia

Coal / Underground and open pit

U.S. federal government

Black lung excise taxes

$516,099

$516,099

2023

U.S. federal government

Reclamation fees

$291,336

$291,336

2023

Subtotal for West Virginia activities

U.S. federal government

$516,099

$0

$291,336

$0

$0

$0

$0

$0

$807,435

2023

Total

U.S. federal government

$1,002,418

$0

$385,604

$0

$0

$0

$0

$0

$1,388,022

2023

Summary of payments to the

U.S. federal government

Federal income taxes

$400,000

2023

Black lung excise taxes

$602,418

2023

Reclamation fees

$385,604

2023

$1,388,022

(*) 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 the U.S. federal income tax refund of $11,758,222 received during 2023.

All payments above were made in U.S. dollars