Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 63

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 63
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 as part of the contract termination, Range Natural agreed to assume the liability due to the subcontractors in exchange
for the ownership of the coal that had been mined by the subcontractor, and all contractual relationships with third-party contractors
and subcontractors were terminated. In August 2024, Range Natural sold all of the coal that it had acquired as part of the contract termination
and subsequently paid in full all amounts due to the subcontractors. Range Natural currently has no, and has no future plans to have
any, employees, equipment, contractual relationships, or operations, and therefore intends to discontinue the Range Minerals operating
business segment beginning in 2025.

Range
Water

Terra
Preta, LLC, an Ohio limited liability company (“Terra Preta”), is a biochar product development and environmental
solutions business started by the Company in December 2022. Terra Preta is developing a novel and innovative combination of biochar,
proprietary materials and structural designs intended to create several first-of-its-kind agricultural and water filtration products
and solutions. Terra Preta’s research and development efforts have been put on hold until the Company has raised additional capital to fund the
advancement of its biochar-based agricultural and water filtration products.

6

Biochar
is a solid, lightweight carbon-rich material produced by the thermal decomposition of organic material (such as cellulosic feedstock,
including wood and plants) using a chemical-conversion process known as pyrolysis. Carbonization pyrolysis is a chemical degradation
process that heats organic materials to produce carbon-rich biochar, liquid bio-oils, and syngas products. Since organic material is
thermally decomposed without oxygen during the pyrolysis process, combustion does not occur, so the process allows for the permanent
capture of carbon in the biochar end-product and eliminates the release of climate-damaging carbon dioxide into the atmosphere. The specific
yield of biochar during the carbonization pyrolysis process depends on several variables such as temperature, heating time and heating
rate. Lower temperatures, longer heating times and lower heating rates typically yield more biochar and less bio-oil and syngas.

Terra
Preta has been launched to build a full-cycle, carbon-negative business that reduces greenhouse gases from the atmosphere, passively
filters contaminated water without the use of harsh chemicals, and provides a fortified, nutrient-rich soil amendment to improve the
growth of agricultural products. Terra Preta would seek to lease