Range Impact acquires two mining permits and leases at Fola Mine Complex for $10.4M reclamation obligation

RANGE IMPACT, INC.

Acquired two mining permits and one coal lease from WV Reclaim Co, LLC, assuming $10.4M in reclamation obligations.
Assumed underground coal mining lease (Contura Coal Lease) from AppleAtcha Land LLC for metallurgical coal royalty income.
Related-party involvement: CEO Michael Cavanaugh and largest shareholder Joseph LoConti have interests in transaction counterparties.
Transaction closed June 30, 2025; lease assignment on July 1, 2025.
Company expects royalty payments from surface and underground mining operators to fund site reclamation.

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