Company: RNGE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023395
Chunk: 121

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 121
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 planet while also generating attractive risk-adjusted
financial returns for shareholders.

By actively directing investment capital in a manner intended 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.

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 acquire large mine sites burdened by substantial
legacy reclamation obligations and use our team and resources to perform the requisite reclamation activities and obtain full bond release,
thereby unlocking the underlying value of the land and creating a critical catalyst for sustainable, long-term economic development in
the disadvantaged coal communities of Appalachia.

20

Operating
Business Segments

Our
two operating business segments are Range Land and Range Services.

Range
Land

Range Land is focused on acquiring
former mine lands with the goal of reclaiming and repurposing the sites for non-fossil fuel uses, including commercial, industrial, residential
and recreational developments, with a particular focus on renewable energy facilities, innovative agricultural installations, and projects
focused on improving the quality and condition of the air, land and waterways.

According
to industry estimates, Appalachia contains approximately one million acres of abandoned, idled and non-performing mine sites that
are burdened with significant land reclamation and water restoration obligations. Many of these troubled mine sites are subject to
mining permits and associated reclamation bonds which prevent the land from being repurposed for non-mining uses until the land has
been reclaimed and the permits and bonds have been released by the applicable state’s environmental protection department.
Water quality is a particularly challenging issue since a permit can only be released if the site has at least 12 consecutive
months of compliant water samples without active chemical treatment, which heightens the need for water restoration solutions to
help transition former mine land to economically viable non-mining uses.

The
Company has assembled the internal resources and capabilities to reclaim land, restore waterways, install innovative water treatment
solutions, and secure mine sites to protect the significant historical investment in infrastructure. In addition, the Company has expertise
in the permit and bond release process, which is critical to unlocking the underlying value of former mine land for non-fossil fuel uses.
Range Land is actively