Ramaco Resources Inc. and Mulberry Industries have entered into a non-binding memorandum of understanding to negotiate an offtake partnership aimed at strengthening the domestic rare earth and permanent magnet supply chain in the United States. Under the agreement, Ramaco Resources will supply Mulberry Industries with customized oxide blends containing rare earth elements such as samarium, NdPr, yttrium, gallium, and Dy/Tb. Mulberry Industries will use these materials to manufacture advanced permanent magnets at its Georgia facility, serving industries including defense, aerospace, automotive, and robotics. The collaboration seeks to reduce U.S. reliance on China for rare earth elements and create a secure, domestic supply chain.

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