Ramaco Resources, Inc.

*Management’s Evaluation of Disclosure Controls and Procedures.*As of December 31, 2024, our management, under the supervision and with the participation of our principal executive officer and principal financial officer, evaluated the effectiveness of our disclosure controls and procedures in pursuant to applicable Exchange Act rules. Based on this evaluation, management concluded that the Company’s disclosure controls and procedures as of December 31, 2024 were not effective at the reasonable assurance level as a result of the material weakness in internal control over financial reporting disclosed below. The Company’s remediation plan for the material weakness in internal control over financial reporting is also discussed below.

Management’s Annual Report on Internal Control over Financial Reporting. Management is responsible for establishing and maintaining adequate internal control over financial reporting. Management used the criteria described inInternal Control-Integrated Framework *(2013)*issued by the Committee of Sponsoring Organizations of the

Treadway Commission (“COSO”) to evaluate the effectiveness of the Company’s internal control over financial reporting as of December 31, 2024. Based on this evaluation, management identified a material weakness related to an insufficiency of appropriately qualified and trained professionals to perform certain control activities necessary to achieve our control objectives. The material weakness also resulted in incomplete or inadequate documentation related to accounting policies and procedures, inappropriate conclusions reached regarding non-routine accounting matters, and insufficient evidence of internal control activities. A material weakness is a control deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis. Management concluded that its internal control over financial reporting was ineffective as of December 31, 2024.

The effectiveness of our internal control over financial reporting as of December 31, 2024 has been audited by Grant Thornton LLP, an independent registered public accounting firm, as stated in their report, which is included herein and expressed an adverse opinion.

Remediation Plan. We are continuing to develop a plan of remediation to address this material weakness, which will include assessing, redesigning, and implementing modifications of our internal controls, and hiring of additional qualified accounting personnel, or supplementing internal resources with qualified external advisors as needed. We will not be able to fully remediate this material weakness until these steps have been completed and subsequent validation and testing of these internal controls have demonstrated their operating effectiveness over a sustained period of financial reporting cycles.

Changes in Internal Control Over Financial Reporting.During 2024 we took steps to improve our internal control over financial reporting. In June 2024, we engaged the services of a national professional services firm to assist us in evaluating the effectiveness of our disclosure controls and procedures. On July 1, 2024 we created and filled the position of Director of Internal Audit, and in August 2024 we engaged a top five accounting firm to assist us in reviewing technical non-routine accounting matters. There were no significant changes in our internal control over financial reporting during ourfourth quarter that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.