Company: RNGE
Filing Date: 2025-11-19
Form Type: 424B3
Source: 0001493152-25-024206
Chunk: 24

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-19
Form: 424B3
Chunk 24
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 of the Fola Acquisition, the Company acquired 15 mining permits at the Fola Mine with an estimated reclamation obligation of $29,282,126 and assumed an obligation to manage an additional 21 mining permits at the Fola Mine with a reclamation bond amount of $13,796,945. As a result, on March 31, 2025, the Company recorded AROs of $43,079,071 related to the Fola Acquisition and capitalized an equal amount onto the fair value of the acquired land. The Company also assumed two coal royalty contracts and one 25-year solar lease for the development of a large-scale solar project located on more than 1,500 acres at the Fola Mine.

SCHEDULE OF BUSINESS ACQUISITION OF FOLA MINE SITA

| Estimated asset retirement obligation on 15 acquired permits |     | $ | 29,282,126 |
| Contingent reclamation obligation on 21 permits              |     |   | 13,796,945 |
| Total asset retirement obligation capitalized to land        |     | $ | 43,079,071 |
| Fair value of Fola Mine land acquired                        |     |   |  8,561,000 |
| Total land value of Fola Mine property                       |     | $ | 51,640,071 |
| Beginning land value as of December 31, 2024                 |     |   |  1,008,897 |
| Land value as of March 31, 2025                              |     | $ | 52,648,968 |

The fair value of the land acquired by the Company in connection with the Fola Acquisition was $8,561,000, and the Company agreed to credit an outstanding receivable of $2,958,516 due from one of the sellers to the Company, as consideration provided in lieu of cash. Because the fair value of the land acquired exceeded the amount of the accounts receivable credited in connection with the Fola Acquisition, the Company recognized a bargain purchase gain of $5,602,484 during the three months ended March 31, 2025.

SCHEDULE OF BARGAIN PURCHASE GAIN

| Fair value of Fola Mine land acquired        |     | $ |  8,561,000 |   |
| Accounts receivable credited in lieu of cash |     |   | (2,958,516 | ) |
| Bargain purchase gain recognized             |     | $ |