Ramaco Resources Investors Alerted of March 31, 2026 Deadline

Berger Montague law firm files class action lawsuit against coal company over alleged misrepresentation of project progress.

Published on Feb. 24, 2026

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National plaintiffs' law firm Berger Montague PC has announced a class action lawsuit against Ramaco Resources, Inc. (NASDAQ: METC) on behalf of investors who purchased the company's securities between July 31, 2025 and October 23, 2025. The lawsuit alleges that Ramaco, a coal and mineral development company headquartered in Lexington, Kentucky, misled investors by overstating progress at certain projects, including the Brook Mine in Wyoming.

Why it matters

The lawsuit alleges that Ramaco's stock price fell nearly 10% on October 23, 2025 after a report claimed the Brook Mine was a "hoax" and "Potemkin Mine" with no significant mining activity. This highlights concerns about transparency and accountability for publicly traded natural resource companies.

The details

According to the complaint, investors learned the truth on October 23, 2025, when Wolfpack Research reported that the Brook Mine in Wyoming was a "hoax" and a "Potemkin Mine" (meaning a façade designed to look like an operational mine) and that no significant mining activity had occurred since its groundbreaking. The report included drone footage and multiple site visits showing no active work.

  • The class period is from July 31, 2025 through October 23, 2025.
  • Investors have until March 31, 2026 to seek to be appointed as a lead plaintiff representative of the class.

The players

Ramaco Resources, Inc.

A coal and mineral development company headquartered in Lexington, Kentucky that operates projects in the United States.

Berger Montague

A national plaintiffs' law firm that has filed a class action lawsuit against Ramaco Resources on behalf of investors.

Wolfpack Research

A research firm that published a report claiming the Brook Mine in Wyoming, one of Ramaco's projects, was a "hoax" and "Potemkin Mine" with no significant mining activity.

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What’s next

The judge in the case will decide on March 31, 2026 whether to allow investors to be appointed as lead plaintiffs in the class action lawsuit against Ramaco Resources.

The takeaway

This case highlights the importance of transparency and accurate reporting by publicly traded natural resource companies, as well as the role of shareholder lawsuits in holding companies accountable for alleged misrepresentations.