Company: RNGE
Filing Date: 2025-07-03
Form Type: 8-K
Source: 0001641172-25-017708
Chunk: 0

Company: RANGE IMPACT, INC.
Filing Date: 2025-07-03
Form: 8-K
Item: Item 1.01
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Item
1.01 Entry into a Material Definitive Agreement.

On
June 30, 2025, Range Sky View Land LLC (“ Range Sky”), a wholly-owned subsidiary of Range Impact, Inc. (the “ Company”),
entered into a Purchase and Sale Agreement (“ Winoc Purchase Agreement”) with WV Reclaim Co, LLC (“ Reclaim”) pursuant
to which Range Sky agreed to purchase and assume: (i) to the extent transferrable and subject to all required governmental approvals,
two (2) permits associated with the Fola Mine Complex located in Clay and Nicholas Counties, West Virginia, one of the largest mining
complexes in Appalachia (the “ Fola Mine Complex”), and (ii) one coal royalty agreement associated with the Fola Mine Complex
and the accounts receivable owed to Reclaim under such coal royalty agreement ((i) and (ii) collectively, the “ Purchased Assets”)
in exchange for assuming reclamation obligations related to the Purchased Assets (“ Purchase Consideration”) estimated to
be approximately $10,399,478. The Winoc Purchase Agreement contains terms, conditions, covenants, indemnification provisions, and representations
and warranties from each of the respective parties that are customary and typical for a transaction of this nature.

On
July 1, 2025, Range Sky and AppleAtcha Land LLC (“ AppleAtcha”) entered into an Assignment and Assumption Agreement (“ Assignment”)
pursuant to which AppleAtcha assigned to Range Sky a Coal Mining Lease entered into by AppleAtcha, as lessor, and Contura CAPP Land,
LLC, as lessee (the “ Contura Coal Lease”), pursuant to the Purchase and Sale Agreement, dated as of March 31, 2025, by and
among Reclaim, Range Sky and AppleAtcha. AppleAtcha is a wholly-owned subsidiary of Fola Landholding, LLC (“ Fola Holding”).
Tower IV, LLC, an investment entity owned by the immediate family of Joseph E. LoConti, the Company’s largest shareholder (“ LoConti”)
owns 80% of Fola Holding. LoConti is a manager of Fola Holding and AppleAtcha. Devica Capital, LLC (“ Devica”) owns the remaining
20% of Fola Holding. Michael Cavanaugh, the Company’s Chief Executive Officer and member of the Company’s board of directors
and a manager of Fola Holding and AppleAtcha, owns 100% of Devica