Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 58

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 58
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 investment capital towards businesses that are working to create positive environmental, social and
economic outcomes, we believe that our impact investing strategy can contribute to an improved people-planet ecosystem and a healthier
and happier way of life.

4

We
have a particular interest in providing environmental and social solutions in economically-disadvantaged regions of the United States.
Initially, the Company is targeting the Appalachian region, which is home to communities with some of the most disadvantaged income,
education and employment demographics in the United States. Our ambitious strategy is to allocate investment capital and build operating
businesses that provide positive environmental and social impact in the disadvantaged coal communities of Appalachia.

Our
corporate headquarters is located in Cleveland, Ohio, with an additional office location in Fola, West Virginia. As of March 28, 2025,
we employed 18 full-time employees. In addition, we have, from time to time, engaged various consultants and professional service firms
to provide us with flexible and experienced resources to advance our corporate objectives in order to maintain a cost-effective overhead
structure. We strive to instill a corporate culture of honesty, integrity and respect while advancing our mission of doing well by doing
good.

We
have the following five operating business segments: (i) Range Reclaim; (ii) Range Minerals; (iii) Range Water; (iv) Range Security;
and (v) Range Land.

Range
Reclaim

In
May 2022, the Company acquired Range Environmental Resources, Inc., a West Virginia corporation (“Range Environmental”).
Range Environmental provides land reclamation, water restoration and environmental consulting services to mining and non-mining customers
throughout the Appalachian region with the goal of returning land to pre-mining conditions or repurposing the land for natural, commercial,
agricultural or recreational use. Range Environmental also provides environmental consulting services to customers, typically in connection
with land reclamation and water restoration projects, and, as an additional value-add service, sells water treatment chemicals manufactured
by third parties to its customers.

According
to the U.S. Energy Information Administration (“EIA”), the United States had 551 coal mines in 2020, comprised of 370 active
mines, 141 idled or closed mines, and 40 new or activated mines. Approximately 82% of those coal mines were located in Appalachia (which
comprises the Appalachian Mountains and is commonly known as the cultural region in the Eastern United States stretching from the southern
part of New York to the northern