Company: RNGE
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010872
Chunk: 127

Company: RANGE IMPACT, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 127
---
 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.

18

Operating Business Segments

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

Range Land

Range Land, LLC, an Ohio limited
liability company (“Range Land”), is a wholly-owned subsidiary 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 our air, land and waterways.

According to industry estimates,
Appalachia contains nearly 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 as a result, prevents 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-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 a critical to unlocking the underlying value of a former mine land
for non-fossil fuel uses. Range Land is actively reviewing several mine sites throughout Appalachia to acquire, reclaim and repurpose
in order to improve the land and create non-fossil fuel economic development opportunities for