METC News & Events

Ramaco Resources (METC) has entered into a non-binding memorandum of understanding with REalloys (ALOY) to establish a strategic relationship to complete due diligence and finalize an offtake agreement aimed at bolstering America's domestic rare earth and permanent magnet supply chain. The MOU contemplates that Ramaco would provide REalloys with a supply of Mixed Rare Earth Carbonate, or MREC, from Ramaco's exploratory rare earth and critical minerals project in Wyoming. REalloys would then perform separation of the Ramaco feedstock into various rare earth oxides at its Saskatchewan Research Council facility. The MOU also contemplates that Ramaco would supply its own separated scandium oxide from its Brook Mine critical mineral refinery for alloy metallization at REalloys' Euclid, Ohio facility.

Sharp gains in Energy and Basic Materials helped power S&P 500 to fresh record highs to start the week, despite the continued uncertainty in the Middle East over the weekend, whereby President Trump has flatly rejected the latest proposals from Iran. ExxonMobilwas up by nearly 4% as WTI crude oil remained supported by the Straight of Hormuz shipping passage uncertainty, briefly topping the $100 per barrel mark.  Precious Metals group was also very strong, with Silver prices rising for the fifth straight session toward $88 per ounce and Gold topping $4,750 per ounce - Newmont Miningtopped $120 per share in regular trading and extended its gains above $121 afterhours - the highest level in about a month.  Communication Services sector buckled as shares of Alphabetfell 3%, though Semiconductors and Memory names remained strong - Nvidiatested record highs above $220 and Micronadded 7% to its meteoric 2026 rise, with a stock now up nearly 180% for the year.In the evening hours, S&P, e-minis and NASDAQ 100 contracts are both up 0.1%.  The earnings season has fizzled to a trickle though traders will still tune in to high-profile results out of Applied Materialsand Ciscolater in the week.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Quantum Computingup 14.7%Harmonicup 13.6%SI-BONEup 11.9%GoProup 9.9%PACS Groupup 9.9%Super Groupup 5.8%DOWN AFTER EARNINGS -ZoomInfodown 28.5%Hims & Hersdown 12.2%Harrowdown 12.2%WEBTOON Entertainmentdown 12.1%AST SpaceMobiledown 11.3%Bakktdown 10.8%CleanSparkdown 10.5%Ramaco Resourcesdown 7.7%LENZ Therapeuticsdown 5.0%Rigetti Computingdown 1.3%ALSO LOWER -GitLabdown 8.0% after announcing reduction in force