Company: RNGE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024206
Chunk: 165

Company: RANGE IMPACT, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 8
Chunk 165
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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.

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