Company: RNGE
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010872
Chunk: 56

Company: RANGE IMPACT, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 56
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 to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable firm
inputs. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable
inputs. Based on the examination of inputs used in the valuation techniques, the Company is required to provide the following
information according to the fair value hierarchy. The fair value hierarchy ranks the quality and reliability of the information
used to determine fair values. Financial assets and liabilities carried at fair value will be classified and disclosed in one of the
following three categories.

    ●
    Level 1:
    Quoted market prices in active markets for identical assets or liabilities

    ●
    Level 2:
    Inputs to the valuation methodology include:

    ○
    Quoted prices for similar assets or liabilities in active markets;

    ○
    Quoted prices for identical assets or similar assets or liabilities
    in inactive markets;

    ○
    Inputs other than quoted prices that are observable for the asset or
    liability;

    ○
    Inputs that are derived principally from or corroborated by observable
    market data by correlation or other means.

    ●
    Level 3:
    Unobservable inputs that are not corroborated by market data

A financial instrument’s categorization
within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

The following is a description of the valuation
methodologies used for instruments measured at fair value, including the general classification of such instruments pursuant to the valuation
hierarchy.

The equipment held for sale is carried at the
lower of carrying amount or fair value, and is considered level 2 as it is based on market prices for similar assets.

Segments

As of March 31, 2025, the Company has two
operating business segments: (i) Range Land and (ii) Range Services. The Fola Mine, including the royalty and lease agreements
assigned in connection with the Fola Acquisition, and the Hobet Mine are reported in the Range Land operating business segment.
Effective January 1, 2025, the business activities of the Range Reclaim, Range Security and Range Water operating business segments,
which had been previously-reported as separate operating business segments, are now captured as part of the Range
Services operating business segment. This change was implemented as each of these business segments now serve to support the reclamation and improvement
of the land holdings of Range Land and not as businesses serving