Range Impact, Inc. (OTC: RNGE)

Range Impact, Inc. is a public company dedicated to improving the health and wellness of people and the planet through impact investing. The company focuses on acquiring, reclaiming, and repurposing mine sites and other undervalued land in economically disadvantaged communities, particularly in Appalachia. Range Impact operates several complementary businesses aimed at addressing environmental, social, and health challenges through technology-based solutions. The company's strategic approach involves allocating capital into opportunities that generate positive environmental and social impacts while also delivering strong investment returns for shareholders.

Range Impact generates revenue through its various operating segments, which include land reclamation, water restoration, environmental consulting, and security services. The company's primary products and services cater to mining and non-mining customers in the Appalachian region, with a focus on returning land to pre-mining conditions or repurposing it for natural, commercial, agricultural, or recreational use. Additionally, Range Impact provides environmental consulting services and sells water treatment chemicals manufactured by third parties. The company's customer base includes mining companies, surety bond insurers, and state agencies involved in land reclamation and water restoration projects.

• Range Reclaim: This segment, operated by Range Environmental Resources, Inc., provides land reclamation, water restoration, and environmental consulting services. The segment caters to mining and non-mining customers in the Appalachian region, focusing on returning land to pre-mining conditions or repurposing it for various uses. Range Environmental employs eight full-time workers and owns over 30 pieces of equipment used in its operations. The segment currently serves one customer at a large mining complex in Fola, West Virginia, and sells water treatment chemicals manufactured by third parties.

• Range Minerals: Previously operated by Range Natural Resources, Inc., this segment provided mining and reclamation services. However, as of June 30, 2024, Range Natural discontinued its operations and sold all acquired coal, paying in full all amounts due to subcontractors. The segment currently has no employees, equipment, contractual relationships, or operations and intends to discontinue beginning in 2025.

• Range Water: This segment, operated by Terra Preta, LLC, focuses on developing biochar-based agricultural and water filtration products and solutions. Terra Preta aims to create a full-cycle, carbon-negative business that reduces greenhouse gases, passively filters contaminated water, and provides nutrient-rich soil amendments. The segment has filed trademarks and provisional patents related to its innovative solutions and has purchased pyrolysis ovens for biochar production. However, research and development efforts have been paused pending additional capital raising.

• Range Security: Operated by Range Security Resources, LLC, this segment provides eco-friendly, technology-driven security services to active and former mine sites. The segment employs eight security professionals and uses fuel-efficient vehicles and drones for surveillance. Range Security aims to serve as a complementary business to Range Reclaim and Range Minerals, focusing on locations transitioning from coal mining to next-generation industries.

• Range Land: This segment, operated by Range Land, LLC, focuses on acquiring former mine lands for reclamation and repurposing. The segment aims to convert these lands into renewable energy facilities, innovative agricultural installations, and other projects that improve the quality and condition of air, land, and waterways. Range Land has acquired over 1,900 acres of surface interest at an idled mine complex in West Virginia and is in discussions with solar energy developers for potential leasing arrangements.

Range Impact operates in a competitive landscape, facing challenges from various operating businesses and investment funds developing similar impact investing initiatives. The company competes on factors such as geographic focus, access to mission-driven capital, strategic relationships, and market share with key customers. Range Impact's ability to attract and retain employees is crucial for its continued competitive success. The company's third-party accounting software provider, Foundation Software, LLC, offers enhanced features critical to the successful execution of its shareholder value creation plan, including general ledger accounting, equipment tracking, employee tracking, job costing, and real-time management reports.

Range Impact's customer base includes mining companies, surety bond insurers, and state agencies involved in land reclamation and water restoration projects. The company's services cater to the specific needs of these customers, focusing on improving water quality, restoring land, and providing security services for valuable assets on mine sites. By addressing the pressing environmental and social challenges in economically disadvantaged regions, Range Impact aims to create positive impacts while generating strong investment returns for its shareholders.