Company: RNGE
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010872
Chunk: 71

Company: RANGE IMPACT, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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 of $43,079,071 related to the Fola Acquisition and capitalized an equal amount
onto the fair value of the acquired land on that same date. The Company also assumed two coal royalty contracts and one 25-year
solar lease with a multi-national corporation for the development of a large-scale solar project located on more than 1,500 acres at
the Fola Mine.

Range Services

Range Services is our
operating business segment that provides environmental and operational support services to help reclaim and repurpose former mine
land into next-generation uses. All of the Company’s reclamation, water treatment and security employees, equipment and
trucks, and technological innovations are classified within the Range Services business segment. Range Services is dedicated to
reclaiming and repurposing land owned by the Company and does not currently provide any reclamation, water treatment or
security services to third-parties.

Reclamation support services on mine sites includes grading, recontouring,
revegetation, erosion control, and other activities necessary to meet federal and state post-mining land use requirements. Water treatment
services include the operation and maintenance of passive and active treatment systems designed to manage and treat mine-impacted water,
including acid mine drainage, in compliance with applicable environmental permits. Range Services is also responsible for collecting water
samples, coordinating testing with certified laboratories, and treating water with chemicals and other more innovative solutions, such
as the Company’s proprietary biochar water filtration products and system currently in development. Range Services also
provides physical site security, access control, and risk mitigation activities to ensure the safety, compliance, and regulatory protection
of the Company’s land assets.

Competition

Our Company is focused on
a large and growing marketplace for impact investing initiatives, and therefore, is anticipated to face competition from a variety of
operating businesses and investment funds who are developing similar business plans and operating strategies to satisfy the increasing
demands of these types of investments in the marketplace. In many cases, these competitors are larger and better capitalized operating
businesses and investment funds.

Our Company competes on the
basis of a number of factors, including our geographic focus on Appalachia, access to mission-driven energy-transition capital, access
to impact investing opportunities, strategic relationships with reclamation bond insurance companies, recruitment and retention of key
personnel, market share with key customers, and supply relationships with critical vendors. Our ability to continue to compete effectively
in our businesses will depend upon our ability to attract new employees and retain