Company: RNGE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023395
Chunk: 95

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 95
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 Agreement”) with AppleAtcha Land, LLC (“AppleAtcha”)
and WV Reclaim Co, LLC (“Reclaim”), pursuant to which AppleAtcha and Reclaim agreed to pay the Company $750,000
and $25,000,
respectively (collectively, the “Advisory Fee”) in connection with the Company’s purchase of (i) approximately 424.80
acres of surface interests and 3,773.60
acres of mineral interests and (ii) three (3) related mining permits ((i) and (ii) collectively referred to herein as the “Ramp
Run Mine”). 

●Winoc Acquisition (June 2025): The Company acquired two mining permits and assumed an associated coal
lease at the Fola Mine (the “Winoc Acquisition”), recognizing an asset retirement obligation of $10,399,477 and derecognizing
a reclamation bond obligation of $5,184,920.

Going
Concern

The
accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the
settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements,
during the nine months ended September 30, 2025, the Company incurred a net loss of $1,934,419
(net of the gain on bargain purchase of $5,602,484
related to the Fola Acquisition) and generated $19,111
of cash in the Company’s operating activities, and has an accumulated deficit of $53,211,817. These factors raise substantial doubt about the Company’s ability to
continue as a going concern within one year of the date that the accompanying financial statements are issued. The accompanying
financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going
concern.

The
ability to continue as a going concern is dependent on the Company attaining and maintaining profitable operations in the future and/or
raising additional capital to meet its obligations and repay its liabilities arising from normal business operations when they come due.
The Company is actively seeking additional financing and other sources of capital to fund its currently estimated level of operations.
However, these estimates could differ from actual capital needs if the Company’s business encounters unanticipated difficulties,
or if its estimates of the amount of cash necessary to operate its business prove to be wrong, and the Company uses its available financial
resources faster than it currently expects. No assurance can be given