Range Impact Announces Expansion of Investment in its Fola Mine Complex with Acquisition of Two Mining Permits and Two Coal Leases
Range Impact (OTCQB: RNGE) has expanded its presence at the Fola Mine Complex in West Virginia through the acquisition of two mining permits and two coal leases. The newly acquired permits carry an estimated $10.4 million reclamation obligation.
The Company closed two strategic transactions: On June 30, 2025, RNGE acquired two permits and a surface coal lease from WV Reclaim Co, while on July 1, 2025, it secured an underground coal mining lease from a large public mining company for metallurgical Eagle seam coal. Both leases are expected to generate royalty income based on coal production.
This expansion follows RNGE's March 2025 acquisition of 15 mining permits at the same complex, with the company already reducing its permit responsibilities by 10% within 90 days of the initial acquisition.
Range Impact (OTCQB: RNGE) ha ampliato la sua presenza nel Fola Mine Complex in West Virginia acquisendo due permessi minerari e due concessioni di carbone. I nuovi permessi comportano un obbligo di bonifica stimato di 10,4 milioni di dollari.
L'azienda ha concluso due operazioni strategiche: il 30 giugno 2025 RNGE ha acquisito due permessi e una concessione di carbone superficiale da WV Reclaim Co, mentre il 1° luglio 2025 ha ottenuto una concessione per l'estrazione sotterranea di carbone da una grande società mineraria pubblica, per carbone metallurgico del giacimento Eagle seam. Entrambe le concessioni dovrebbero generare reddito da royalty basato sulla produzione di carbone.
Questa espansione segue l'acquisizione di 15 permessi minerari nello stesso complesso, effettuata da RNGE a marzo 2025, con la società che ha già ridotto le responsabilità sui permessi del 10% entro 90 giorni dalla prima acquisizione.
Range Impact (OTCQB: RNGE) ha ampliado su presencia en el Complejo Minero Fola en Virginia Occidental mediante la adquisición de dos permisos mineros y dos concesiones de carbón. Los permisos recién adquiridos implican una obligación estimada de rehabilitación de 10,4 millones de dólares.
La empresa cerró dos transacciones estratégicas: el 30 de junio de 2025, RNGE adquirió dos permisos y una concesión de superficie de carbón de WV Reclaim Co, mientras que el 1 de julio de 2025 aseguró una concesión para minería subterránea de carbón de una gran empresa minera pública, para carbón metalúrgico del yacimiento Eagle seam. Se espera que ambas concesiones generen ingresos por regalías basados en la producción de carbón.
Esta expansión sigue a la adquisición en marzo de 2025 de 15 permisos mineros en el mismo complejo, con la empresa ya habiendo reducido sus responsabilidades sobre los permisos en un 10% dentro de los 90 días posteriores a la adquisición inicial.
Range Impact (OTCQB: RNGE)는 웨스트버지니아의 폴라 광산 단지에서 두 개의 광산 허가와 두 개의 석탄 임대권을 인수하여 입지를 확장했습니다. 새로 취득한 허가에는 약 1,040만 달러의 복구 의무가 포함되어 있습니다.
회사는 두 건의 전략적 거래를 완료했습니다: 2025년 6월 30일 RNGE는 WV Reclaim Co로부터 두 개의 허가와 지상 석탄 임대권을 인수했으며, 2025년 7월 1일에는 대형 상장 광산 회사로부터 금속용 이글 심(Eagle seam) 석탄의 지하 채굴 임대권을 확보했습니다. 두 임대권 모두 석탄 생산량에 따른 로열티 수입을 창출할 것으로 예상됩니다.
이번 확장은 RNGE가 2025년 3월 같은 단지에서 15개의 광산 허가를 인수한 데 이은 것으로, 회사는 초기 인수 후 90일 이내에 허가 책임을 10% 줄였습니다.
Range Impact (OTCQB : RNGE) a renforcé sa présence au complexe minier de Fola en Virginie-Occidentale en acquérant deux permis miniers et deux baux de charbon. Les permis nouvellement acquis impliquent une obligation de remise en état estimée à 10,4 millions de dollars.
La société a finalisé deux transactions stratégiques : le 30 juin 2025, RNGE a acquis deux permis et un bail de charbon en surface auprès de WV Reclaim Co, tandis que le 1er juillet 2025, elle a obtenu un bail d'exploitation souterraine de charbon auprès d'une grande société minière publique, pour du charbon métallurgique de la veine Eagle. Les deux baux devraient générer des revenus de redevances basés sur la production de charbon.
Cette expansion fait suite à l'acquisition en mars 2025 de 15 permis miniers dans le même complexe, la société ayant déjà réduit ses responsabilités liées aux permis de 10% dans les 90 jours suivant la première acquisition.
Range Impact (OTCQB: RNGE) hat seine Präsenz im Fola Mine Complex in West Virginia durch den Erwerb von zwei Bergbaulizenzen und zwei Kohlepachtverträgen erweitert. Die neu erworbenen Genehmigungen beinhalten eine geschätzte Sanierungspflicht in Höhe von 10,4 Millionen US-Dollar.
Das Unternehmen schloss zwei strategische Transaktionen ab: Am 30. Juni 2025 erwarb RNGE zwei Genehmigungen und einen oberirdischen Kohlepachtvertrag von WV Reclaim Co, während es am 1. Juli 2025 einen unterirdischen Kohleabbau-Pachtvertrag von einem großen börsennotierten Bergbauunternehmen für metallurgische Eagle-Seam-Kohle sicherte. Beide Pachtverträge sollen Lizenzgebühren basierend auf der Kohleproduktion generieren.
Diese Erweiterung folgt auf RNGE's Erwerb von 15 Bergbaulizenzen im selben Komplex im März 2025, wobei das Unternehmen seine Genehmigungsverantwortlichkeiten bereits innerhalb von 90 Tagen nach der ersten Akquisition um 10% reduziert hat.
- Two new coal leases expected to provide several years of royalty income to fund reclamation
- Successfully reduced permit responsibilities by 10% within 90 days of initial acquisition
- Strategic partnership with well-capitalized mine operator and large public mining company
- Potential for long-term value creation through land repurposing after reclamation
- Assumed significant $10.4 million reclamation obligation with new permits
- Royalty income dependent on mining operators' production and sales performance
- Complex environmental responsibilities associated with multiple mining permits
CLEVELAND, OHIO, July 02, 2025 (GLOBE NEWSWIRE) -- Range Impact, Inc. (OTCQB: RNGE) (“Range Impact” or the “Company”), a public company dedicated to acquiring, reclaiming and repurposing distressed coal mines throughout Appalachia, today announced the acquisition of two permits and one coal lease from WV Reclaim Co, LLC and one additional coal lease from AppleAtcha Land LLC at the Fola Mine Complex located in central West Virginia.
Building on its acquisition of 15 mining permits located at the Fola Mine Complex in March 2025, the Company has purchased two additional mining permits (“Purchased Permits”) at the site with an estimated reclamation obligation of
In addition, on July 1, 2025, the Company assumed a new underground coal mining lease with a large public mining company that is expected to pay the Company a royalty based on coal mined and sold from a select block of metallurgical Eagle seam coal located at the Fola Mine Complex.
“Since our acquisition of the Fola Mine approximately 90 days ago, we have successfully reduced the number of permits that we’re responsible for by nearly
About Range Impact, Inc.
Headquartered in Cleveland, Ohio, Range Impact is a public company (OTC: RNGE) dedicated to improving the health and wellness of people and the planet through a novel and innovative approach to impact investing. Range Impact owns and operates several complementary operating businesses focused on developing long-term solutions to environmental, social, and health challenges, with a particular focus on acquiring, reclaiming and repurposing mine sites and other undervalued land in economically disadvantaged communities throughout Appalachia. Range Impact takes an opportunistic approach to impact investing by leveraging its competitive advantages and looking at solving old problems in new ways. Range Impact seeks to thoughtfully allocate its capital into strategic opportunities that are expected to make a positive impact on the people-planet ecosystem and generate strong investment returns for its shareholders.
Notice Regarding Forward-Looking Statements
This press release contains “forward-looking statements” as that term is defined in Section 27(a) of the Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Although we believe that these statements are based on reasonable assumptions, they are subject to numerous factors that could cause actual outcomes and results to be materially different from those indicated in such statements. Such factors include, among others, the inherent uncertainties associated with new projects, changes in business strategy and new lines of business. These forward-looking statements are made as of the date of this press release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Range Impact, Inc.
Investor Relations
P: +1 (216) 304-6556
E: ir@rangeimpact.com
W: www.rangeimpact.com
FAQ
What did Range Impact (RNGE) acquire in its latest Fola Mine Complex expansion?
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What progress has RNGE made at the Fola Mine Complex since March 2025?
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