Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 65

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 65
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 develop a proprietary, fortified biochar soil amendment that provides unique soil structuring
characteristics that will allow plants to grow strong roots that optimize the absorption of water and nutrients, thereby reducing
root stress and disease.

In
December 2022, Terra Preta filed trademarks for biochar goods and services related to agricultural and water treatment applications.
In March 2023, Terra Preta filed provisional patents related to novel and innovative agricultural and   water treatment
solutions and designs. Additionally, in March 2023, Terra Preta purchased two pyrolysis ovens that each produce one ton of biochar
per day to advance our research and development activities. In July 2024, the biochar ovens owned by Terra Preta were scrapped by
the Company since they were no longer being used for small batch biochar production. There were no insurance proceeds received for
these losses. We are currently evaluating the purchase of a large continuous-process pyrolysis oven to increase the scale of our
biochar production to commercial levels once adequate funding is secured to advance this initiative.

7

Range
Security

Range
Security Resources, LLC, an Ohio limited liability company (“Range Security”), is an environmental security services
business started by the Company in November 2022. Range Security is focused on providing eco-friendly, technology-driven security
services to active and former mine sites, with a particular focus on locations transitioning from coal mining to next generation
industries and uses. Range Security is intended to serve as a complementary business to the Range Reclaim and Range Minerals entities.

Mine
sites in the Appalachian region frequently comprise thousands of acres of natural habitat with valuable infrastructure and operating
assets disbursed across large tracts of land. However, many of these mine sites lack adequate broadband access or cellular service,
and therefore traditional technology-based security solutions are not available. Also, due to the large land areas and often
challenging access roads and mountainous terrain, consistent visual confirmation of the safety and security of high value assets is
often difficult, and significant amounts of carbon dioxide are emitted from heavy-duty trucks used to perform frequent
visual security checks. Furthermore, due to the remoteness and lack of technological options, most security services in the market
fail to provide an independent verification of the security status of a mine site and confirmation of visual security checks,
resulting in a customer’s uncertainty regarding the actual security services being provided.

Valuable
assets commonly found on mine sites requiring high-levels of security services include office buildings