Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 66

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 66
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, coal operation facilities such
as preparation plants and loadout facilities, power stations and electrical lines, vehicles and heavy equipment, supplies and chemicals,
and spare parts and components. These high-value assets are frequently the target of theft since all or parts of these assets can be
easily removed from the mine site and sold for cash. Unfortunately, the actual damage to the operation resulting from this type of destructive
theft is frequently many times the market value of the stolen item, primarily due to the losses resulting from the down-time of operations,
the cost of repairs and replacement components, and the long-term damage to critical infrastructure that could be repurposed and used
to attract next generation industries once mining is complete.

In
March 2023, Range Security was engaged by its first customer for environmental security services covering a 13,000-acre coal mine
site in West Virginia. Range Security currently employs 8 security professionals, and
is focusing its recruitment efforts on military veterans, former and current police officers, and other professionals with security
experience. Range Security has purchased two fuel-efficient utility task vehicles for ground surveillance and a thermal-imaging
drone for aerial surveillance, all of which use significantly less fuel and electricity to operate than traditional security
vehicles and provide a much broader coverage range with a substantially lower carbon footprint. Range Security is also in the
process of establishing satellite-based wireless service to support video surveillance and enable a mobile technology solution used
by our security professionals to provide real-time evidence of visual security checks. Range Security plans to expand its security
service business onto additional mine sites, with a particular focus on locations with valuable infrastructure being repurposed into
non-coal multi-use complexes with attractive job growth prospects and next-generation industry opportunities.

Range
Land

Range
Land, LLC, an Ohio limited liability company (“Range Land”), is a land acquisition company started by the Company in August
2023. Range Land is focused on acquiring former mine lands with the goal of reclaiming and repurposing the sites for non-fossil fuel
uses, including commercial, industrial, residential and recreational developments. Range Land is specifically interested in acquiring
land to be used for renewable energy facilities, innovative agricultural installations, and projects focused on improving the quality
and condition of our air, land and waterways.

According
to industry estimates, Appalachia contains approximately one million acres of abandoned, idled and non-performing mine sites that
are burdened with significant land reclamation and water restoration obligations. Many of these troubled mine sites