Ramaco Resources rises on $6.1 million grant from Wyoming Energy Authority

Shares of Ramaco Resources METC.O up 1.6% at $9.71 premarket

Co says it has received $6.1 million matching grant authorized by Wyoming Governor Mark Gordon and issued by Wyoming Energy Authority

METC says grant is for its Wyoming CORE (Carbon Ore Rare Earth) Brook Mine project

Adds funding will match its future investment in constructing and equipping rare earth and critical minerals pilot processing facility north of Sheridan, Wyoming

Up to last close, shares down 5.4% YTD