Company: RNGE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024206
Chunk: 202

Company: RANGE IMPACT, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 202
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 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.

20

Operating
Business Segments

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

Range
Land

The
Company, through its wholly-owned subsidiary, Range Land, LLC, and its subsidiaries  (“Range
Land”), is   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 prevent 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 critical to unlocking the underlying value of  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.

In
September 2023, Range