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.

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