Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 166

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 166
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 coal mining extraction process. A significant reduction in the target market’s demand for coal mining would reduce the demand
for our services, which would have a material adverse effect upon our business, financial condition, results of operations
and cash flows.

We
require a variety of permits to operate our business. If we are not successful in obtaining and/or maintaining those permits it will
adversely impact our operations.

Our
land reclamation and water treatment business requires permits to operate. Our inability to obtain permits in a timely manner could result
in substantial delays to our business. The issuance of permits is dependent on the applicable government agencies and is beyond our control
and that of our customers. There can be no assurance that we and/or our customers will receive the permits necessary to operate, which
could substantially and adversely affect our operations and financial condition.

Based
on the nature of our business, we currently depend and are likely to continue to depend on a limited number of customers for a significant
portion of our revenues.

We
currently have one customer in West Virginia that accounts for all of our land reclamation and water treatment business.
The failure to obtain additional customers or the loss of all or a portion of the revenues attributable to any current or future customer
as a result of competition, creditworthiness, inability to negotiate extensions or replacement of contracts or otherwise could have a
material adverse effect on our business, financial condition, results of operations and cash flows.

If
our customers do not enter into, extend or honor their contracts with us, our profitability could be adversely affected. Our ability to
receive payment for production depends on the continued solvency and creditworthiness of our customers and prospective customers. If
any of our customers’ creditworthiness suffers, we may bear an increased risk with respect to payment defaults. If customers refuse
to make payments for which they have a contractual obligation, our revenues could be adversely affected.

15

If
we are unable to identify and acquire businesses or assets in furtherance of our impact investing strategy, we may be unable to generate
significant revenue.

We
intend to acquire additional businesses and assets that will generate revenue related to our impact investing strategy. There can
no assurance that we will be able to do so, or to do so on terms that are acceptable to us, or in a manner that will provide us with
the revenue we expect.

Our
consideration of sustainability and environmental criteria as the pre-eminent part of our business and investment strategy will limit
the types and number