Company: RNGE
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010872
Chunk: 109

Company: RANGE IMPACT, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part II, Item 8
Chunk 109
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 corporate
culture of honesty, integrity and respect while advancing our mission of doing well by doing good.

Impact Investing Strategy

Our impact investing strategy
aims to improve the health and wellness of people and the planet, while also generating long-term sustainable financial returns for our
shareholders. We believe that doing well and doing good are not mutually exclusive, and that an impact investing strategy can balance
the environmental, social and economic needs of people and the planet while also generating attractive risk-adjusted financial returns
for shareholders.

Our impact investing
strategy provides an opportunity for our dedicated team to address pressing environmental, social and economic challenges, such as
air and water pollution, educational inequality and economic disparity, and climate change, through the development and
implementation of innovative and creative solutions. By actively directing investment capital towards businesses that are working 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.

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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