Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 56

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 56
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Our Company History

We
are a Nevada corporation, initially formed in June 2007 under the name “Legend Mining Inc.” for the purpose of engaging in
mineral property exploration. The Company, however, was unable to keep its sole mineral claim in good standing due to insufficient funding,
and its interest in that property terminated. Whereupon, in October 2011, the Company completed a merger with its wholly-owned subsidiary,
Stevia First Corp., whereby the Company changed its name from “Legend Mining Inc.” to “Stevia First Corp.” and
began focusing its business on the cultivation and harvest of stevia leaf and development of stevia products. As an outgrowth of its
stevia leaf research, the Company commenced researching the development of cannabinoid pharmaceutical candidates known as cannabosides
principally for the treatment of serious neurological and inflammatory disorders, a research activity we continued until the sale of our Graphium subsidiary. See Note 2 for more details. In July
2016, our Board of Directors and shareholders approved a corporate name change from “Stevia First Corp.” to “Vitality
Biopharma, Inc.” and in October 2021, as part of a rebranding effort, we completed a merger with a newly-formed wholly-owned subsidiary,
Malachite Innovations, Inc., pursuant to which we changed our corporate name from “Vitality Biopharma, Inc.” to “Malachite
Innovations, Inc.” and expanded our business to include impact investing with a particular focus on acquiring, reclaiming and repurposing
mine sites and other undervalued land in economically disadvantaged communities throughout Appalachia. This business is the sole source
of our revenues. In December 2023, the Company completed a statutory merger under Delaware law into Range Impact, Inc., a newly-formed
wholly-owned subsidiary, and adopted the corporate name of “Range Impact Inc.” to create consist branding throughout the
entire Company as a result of the two acquisitions described in the following paragraph.

In
May 2022, we acquired Range Environmental Resources, Inc., a West Virginia corporation (“Range Environmental”) and Range
Natural Resources, Inc., a West Virginia corporation (“Range Natural” and together with Range Environmental, the “Range
Reclamation Entities”). The Range Reclamation Entities provide land reclamation and water restoration services to mining and non-mining
customers throughout the Appalachian region with the goal of returning land to pre-mining conditions or repurposing