other material
confidence high
sentiment positive
materiality 0.75
Range Impact forms 50/50 JV with C2 Ventures for AI infrastructure on 9,000-acre site
RANGE IMPACT, INC.
- 50/50 JV between Range Sky View Land (Range Impact subsidiary) and Time Complexity WV (C2 Ventures) for Fola mine redevelopment.
- JV intends to develop a power generation and data center facility at the ~9,000-acre Fola Mine Complex in West Virginia.
- 14.5M share warrant issued to Time Complexity WV at $0.40, vesting upon milestones: state support, feasibility, or commercialization.
- Site assets include 100+ miles roads, dual-served rail, 650M gallons water reservoirs, and multiple electrical transmission systems.
- JV held option to lease land for 20 years with renewals; purchase option at $10,000/acre subject to financing and construction readiness.