METC rose 3.1% after Indium MOU on gallium supply
Ramaco Resources (NASDAQ: METC) shares rose 3.1% on Aug 18, 2026 after the company announced a non-binding memorandum of understanding (MOU) with Indium Corporation tied to potential gallium and germanium supply from its Brook Mine project in Wyoming.
What Ramaco announced
Ramaco said it entered into a non-binding MOU with Indium Corporation relating to the supply of gallium and germanium from Ramaco’s exploratory Brook Mine rare earth and critical-mineral project in Wyoming.
Indium Corporation is described as a global leader in advanced electronic materials and specialty metals, serving end markets including semiconductors, electronics, aerospace, defense, and advanced manufacturing. The company is known for refining and manufacturing high-performance materials, including gallium- and germanium-based products used across the semiconductor value chain.
Under the MOU, the two sides agreed to negotiate a potential supply arrangement. Ramaco emphasized the MOU is non-binding, and any future offtake or supply deal would depend on due diligence and the negotiation and execution of definitive agreements.
What it means for Ramaco
The announcement positions Brook Mine as a potential source of critical minerals that are used in high-value electronics and semiconductor applications. If negotiations progress into definitive agreements, a relationship with an established specialty-metals player like Indium could help clarify a potential commercial path for gallium and germanium tied to the project.
Just as important, the wording underscores the early-stage nature of the discussions: the MOU is a framework to keep talks moving, not a finalized supply contract. That means the next steps — due diligence and definitive documentation — would be the real milestones for investors watching whether Brook Mine can translate exploration work into a customer-backed supply plan.
How the stock reacted
METC traded higher after the announcement and finished up on the day.
| Window | Move |
|---|---|
| 5 min | +2.4% |
| 10 min | +3.3% |
| 30 min | -0.0% |
| 1 hour | +1.2% |
| end of day | +3.1% |
On a market-adjusted basis, METC outperformed the S&P 500 ETF by +3.3% the same day.