Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 165

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 165
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 liabilities and limit our ability to operate.

Our
land reclamation and water treatment business is subject to various federal, state, and local environmental requirements, including those
relating to emissions to air, discharged wastewater, storage, treatment, transport and disposal of regulated materials and cleanup of
coal mining and groundwater contamination. Efforts to conduct our operations in compliance with all applicable laws and regulations,
including environmental rules and regulations, require programs to promote compliance, such as training employees and customers, purchasing
health and safety equipment and in some cases hiring outside consultants and lawyers. Even with these programs, we face the risk of being
subject to government enforcement proceedings, which can result in fines or other sanctions and require expenditures for remedial work
on contaminated sites. The landscape of environmental regulation to which we are subject can change. Changes to environmental regulation
often present new business opportunities for us; however, such changes may also result in increased operating and compliance costs. While
we seek to monitor the landscape of environmental regulation, our ability to navigate is limited by our small size and resources, and
any changes to such regulations may result in a material effect on our operations, cash flows or financial condition.

14

Regulators
also have the power to suspend or revoke permits or licenses needed for operation of our equipment and vehicles based on, among other
factors, our compliance record, and customers may decide not to do business with us because of concerns about our compliance record.
Suspension or revocation of permits or licenses would impact our land reclamation and water treatment business and could have a material
impact on our financial results. Although we have never had any of our operating permits revoked, suspended or non-renewed involuntarily,
it is possible that such an event could occur in the future.

Certain
environmental laws and regulations impose liability and responsibility on present and former owners, operators or users of facilities
and sites for contamination at such facilities and sites without regard to causation or knowledge of contamination. Investigations undertaken
in connection with these activities may lead to discoveries of contamination that must be remediated, and closures of facilities might
trigger compliance requirements that are not applicable to operating facilities.

Within
the coal mining remediation market, demand for our services will be limited to a specific customer base and highly correlated to the
coal mining industry. The coal mining industry’s demand for our services is affected by a number of factors including
the volatile nature of the coal mining industry’s business, increased use of alternative types of energy and technological developments
in the