RANGE IMPACT INC Stock Price, News & Analysis

Range Impact (OTCQB: RNGE) reported strong Q2 2025 financial results, highlighting significant progress in its mine reclamation strategy. The company achieved a notable gross profit of $508,322, representing substantial increases of $504,471 from Q1 2025 and $657,251 from Q2 2024.

Key achievements include the sale of three non-core mining permits at the Fola Mine Complex, reducing reclamation obligations by $1.24 million and generating an $800,000 advisory fee. The company acquired two additional mining permits and secured new coal royalty agreements. Range Impact also reduced its debt by $355,653 in Q2, bringing the year-to-date debt reduction to $722,143.

The company continues to advance its solar project development at the Fola Mine Complex, which is expected to generate lease revenue for a minimum of 25 years.

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 (RNGE) reported its Q1 2025 financial results, highlighting a transformative acquisition of the Fola Mine Complex in West Virginia. The company acquired 120,000 acres of real property interests, valued at $51.6 million, including $8.5 million in appraised land value and $43.1 million in capitalized asset retirement costs. The acquisition included 15 mining permits and responsibility for 21 additional permits. Notable assets include two coal royalty agreements providing monthly payments and a 1,500-acre solar lease with potential to become one of Appalachia's largest solar projects. The company's stockholders' equity increased significantly from $834,405 to $6.5 million, primarily due to a $5.6 million bargain purchase gain from the Fola acquisition.

Range Impact (OTCQB: RNGE) has announced the acquisition of the Fola Mine Complex in central West Virginia, marking its largest acquisition to date. The deal includes approximately 120,000 acres of real property interests, comprising 13,000 acres of surface land and 107,000 acres of mineral interest.

The acquisition includes 15 mining permits with a $29.3 million reclamation obligation and management responsibility for 21 additional permits. The company secured two coal royalty contracts with active mining companies and acquired rights to a 25-year solar lease for a 200+ MWh solar project spanning over 1,000 acres.

This acquisition represents Range Impact's strategic shift from a service-based to a land ownership business model. The company now controls two major former coal mine sites in Appalachia - the Fola Mine Complex and 2,000 acres at the Hobet Mine Complex - positioning itself for environmental rehabilitation and business development initiatives in the region.

Range Impact, Inc. (OTCQB: RNGE) has announced its uplisting from the OTC Pink Sheets to the OTCQB Venture Market. The company's common stock began trading on the OTCQB under the ticker symbol 'RNGE' on October 7, 2024. CEO Michael Cavanaugh stated that this uplisting is a significant milestone for the company and its shareholders after trading on the OTC Pink Sheets for six years.

The move to the OTCQB is expected to enhance visibility and transparency within the investment community, improve access to institutional capital, and create more efficient trading opportunities for investors. The OTCQB is operated by OTC Markets Group Inc. and is recognized by the SEC as an 'established public market' for determining public market prices when registering securities for resale.

Range Impact (OTC: RNGE) has announced the sale of its cannabinoid drug development business, Graphium Biosciences, to Placer Biosciences. This strategic move allows Range Impact to focus on its environmental services business in Appalachia. The sale includes all of Graphium's assets, with Range Impact receiving warrants for 25% of Placer's common stock, a small cash amount, and 50% of proceeds from non-core equipment sales over the next year.

Graphium was developing early-stage cannabinoid-based therapeutics for gastrointestinal diseases without psychoactive side effects. The decision to divest came after a review of corporate strategies and market conditions. Range Impact's CEO, Michael Cavanaugh, expressed excitement about partnering with Placer Biosciences' leadership and their commitment to advancing the drug platform.

Range Impact, Inc. (OTC: RNGE) has announced its application to uplist from the OTC Pink Sheets to the OTCQB Venture Market. The OTCQB, operated by OTC Markets Group Inc., is designed for developing companies and is recognized by the SEC as an established public market for determining public market prices in securities resale registration.

CEO Michael Cavanaugh stated that uplisting to OTCQB could broaden the company's shareholder base and enhance visibility and transparency within the investment community. He also believes it could improve access to capital and create more efficient trading opportunities. If approved, Range Impact's common stock is expected to continue trading under the ticker symbol RNGE on the OTCQB.

Range Impact (OTC: RNGE) has announced the sale of non-core assets as part of its strategic plan to focus on reclaiming and repurposing Company-owned mine land in Appalachia. On August 22, 2024, the Company's subsidiary, Collins Building & Contracting, sold a mechanics shop, stone quarry, and related assets to entities controlled by Roger L. Collins, Jr. In exchange, $2,940,836 of debt was cancelled and discharged.

This decision comes after a review of the Company's abandoned mine land (AML) reclamation business in West Virginia, which was deemed administratively and operationally challenging. CEO Michael Cavanaugh stated that exiting this line of business allows Range Impact to concentrate on reclaiming and repurposing its own mine land, which is believed to offer greater long-term value creation opportunities for shareholders.

Range Impact (OTC: RNGE) reported its Q2 2024 financial results, showing a decline in revenue and negative Adjusted EBITDA. Key highlights include:

- Consolidated revenue of $2,349,738 in Q2 2024, down from $3,998,267 in Q2 2023
- Consolidated Adjusted EBITDA of ($312,994) in Q2 2024, compared to $479,405 in Q2 2023
- Net loss of $1,225,681 in Q2 2024, versus a net income of $36,762 in Q2 2023

The decline was primarily attributed to a mining contractor's performance failure and misalignment between revenues and costs in the Range Reclaim segment. Management plans to review business segments and take steps to reposition the company for future growth and profitability.