RANGE IMPACT, INC. (RNGE): M&A transaction — Range Impact acquires 120,000 acres at Fola Mine Complex for $2.96M, including permits and solar lease

RANGE IMPACT, INC.

Acquired approx 120,000 acres of real property interests at Fola Mine Complex in WV for $2,958,516 via credit and assumed liabilities.
Acquired 15 mining permits with estimated reclamation obligation of $29.3M; also manages 21 additional permits at the site.
Inherited two coal royalty contracts and a 25-year solar lease with multinational for >1,000 acres (200+ MWh capacity).
Transaction involves related parties: sellers affiliated with CEO Michael Cavanaugh and largest shareholder Joseph LoConti.
Company plans transition from service-based to land ownership model; evaluating additional mine site acquisitions.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

RANGE IMPACT, INC. completed an acquisition involving AppleAtcha Land, LLC and WV Reclaim Co, LLC for $2,958,516 (closed 2025-03-31).

Action: acquisition
Counterparty: AppleAtcha Land, LLC and WV Reclaim Co, LLC
Consideration: $2,958,516
Closing: 2025-03-31

Exact text from the filing

to all required governmental approvals, fifteen (15) permits associated with the Fola Mine Complex ((i) through (vi) collectively, the “Purchased Assets”) in exchange for $2,958,516 (“Purchase Consideration”) comprised of (a) certain assumed liabilities relating to the Purchased Assets and (b) a credit against the amounts owed by Sellers to Range and its

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4 m&a transactions filed in the last 30 days. Browse all m&a transactions →

RANGE IMPACT, INC. filing history →

Source: SEC EDGAR

accession 0001641172-25-002367

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