Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 57

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 57
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 the land for natural,
commercial, agricultural or recreational use. The Range Reclamation Entities’ water restoration services seek to improve the water
quality in rivers, streams and discharges through novel and innovative treatment applications to help customers meet their various regulatory
standards and requirements. Range Natural is no longer an active operating business, but had previously engaged subcontractors to mine
and transport coal on behalf of third-party customers incidental to the reclamation and repurposing of mine sites.

In
August 2023, the Company acquired Collins Building & Contracting, Inc., a West Virginia corporation (“Collins Building”),
an environmental services business primarily focusing on the reclamation of abandoned mine land sites in West Virginia.

In
August 2024, the Company sold substantially all of the assets of Collins Building to its previous owner in exchange
for the cancellation of all remaining debt owed to him.

In
September 2024, the Company sold all of its drug development assets to a newly-formed entity owned by our former Chief Science Officer
and former Chief Financial Officer. The Company is no longer in the cannabinoid drug development business.

Our
Business

We
are a public company dedicated to improving the health and wellness of people and the planet through a novel and innovative approach
to impact investing. We own and operate several complementary operating businesses focused on developing long-term solutions to environmental,
social, and health challenges, with a particular focus on acquiring, reclaiming and repurposing mine sites and other undervalued land
in economically disadvantaged communities throughout Appalachia. We take an opportunistic approach to impact investing by leveraging
our competitive advantages and looking at solving old problems in new ways. We seek to thoughtfully allocate our capital into strategic
opportunities that are expected to make a positive impact on the people-planet ecosystem and generate strong investment returns for our
shareholders.

Impact
Investing Strategy

Our
impact investing strategy aims to improve the health and wellness of people and the planet, while also generating long-term sustainable
financial returns for our shareholders. We believe that doing well and doing good are not mutually exclusive, and that an impact investing
strategy can balance the environmental, social and economic needs of people and the planet while also generating attractive risk-adjusted
financial returns for shareholders.

Our
impact investing strategy provides an opportunity for our dedicated team to address pressing environmental, social and economic challenges,
such as air and water pollution, educational inequality and economic disparity, and climate change, through the development of technology-based
solutions. By actively directing