Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 28, 2021, the board of directors (the "Board") of Ramaco Resources, Inc. ("Ramaco" or the "Company") approved the appointment of Aurelia Skipwith Giacometto effective as of January 1, 2022 to serve as a member of the Board with a term expiring at the Company's annual meeting of stockholders in 2022, until her successor shall have been elected and shall have qualified, or until her earlier death, resignation, or removal. Ms. Giacometto was appointed to fill an available directorship and vacancy on the Board. The Board has affirmatively determined that Ms. Giacometto is an independent director in accordance with the standards for independence set forth in the NASDAQ Stock Market Rules.

Ms. Giacometto comes to Ramaco with a wide background as an experienced government administrator at the federal level, an attorney, a scientist, and a businesswoman. She served as Director of the United States Fish and Wildlife Service until earlier this year. Most recently, she has been the General Counsel of AVC Global, an international logistics company that operates using blockchain technology. She co-founded the company in 2016. She began her career at Monsanto in research. She later served in both legal and research positions at the United States Department of Agriculture and as an intellectual property consultant to the United States Agency for International Development. She has also worked in legal and regulatory divisions of Alltech, a global leader in the animal feed industry. Ms. Giacometto received her Bachelor of Science in biology from Howard University, a Master's of Science in molecular genetics from Purdue University and a Juris Doctor degree from the University of Kentucky.

Ms. Giacometto will enter into an indemnification agreement (the "Indemnification Agreement") with the Company in the form entered into with the Company's other directors and executive officers effective as of the effective date of her appointment to the Board, which requires the Company to indemnify her to the fullest extent permitted under Delaware law against liability that may arise by reason of her service to the Company, and to advance certain expenses incurred as a result of any proceeding against her as to which she could be indemnified.

On December 27, 2021, Jennifer Gray and Mahmud Riffat informed the Company of their decisions to resign from the Board effective as of December 27, 2021. Ms. Gray's and Mr. Riffat's resignations are not due to any disagreement with the Company.

The foregoing summary of the Indemnification Agreement does not purport to be complete and is qualified in its entirety by reference to the full and complete text of the form of indemnification agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated by reference herein.

The Company has issued a press release announcing Ms. Skipwith Giacometto's appointment to and Ms. Gray's and Mr. Riffat's resignation from the Board. A copy of the press release is attached as Exhibit 99.1 hereto.

Item 9.01 Financial Statements and Exhibits.






(d) Exhibits



Exhibit  Description
  No.

  10.1     Form of Indemnification Agreement (incorporated by reference to
         Exhibit 10.2 of the Company's Registration Statement on Form S-1 (File
         No. 333-215363) filed with the Commission on January 11, 2017)

  99.1     Press release issued by Ramaco Resources, Inc., dated January 3,
         2022.

  104    Cover Page Interactive Data File (formatted as Inline XBRL and contained
         in Exhibit 101)

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