Range Impact Announces Two Major Land Acquisitions in Kentucky and Sale of Abandoned Mine Land Services Business

Core Viewpoint - Range Impact, Inc. has announced the acquisition of the Premier Elkhorn and Cambrian Coal mine complexes, marking a strategic shift towards land ownership and reclamation in Appalachia [1][8] Acquisitions - The Premier Elkhorn Mine Complex consists of approximately 13,000 surface acres and 42,500 mineral interest acres, containing metallurgical and thermal coal reserves, with 34 mining permits and $44 million in reclamation bonds [3] - The Cambrian Coal Mine Complex includes around 2,600 surface acres and additional leasable mineral interests, with 9 mining permits and $10 million in reclamation bonds [4] - Both complexes are located in eastern Kentucky and were acquired through a newly created subsidiary, Range Bluegrass Land LLC, which assumed reclamation obligations from Reckoning Reclamation LLC [2] Strategic Partnerships - Range Bluegrass has entered into an Option Agreement with MRR CNG, LLC for approximately 1,500 acres of surface land at the Premier Elkhorn Mine Complex for future waste disposal facility development, receiving $500,000 at the time of the grant [5] - A Membership Interest Option and Cash Distribution Right Agreement was established with Wicks Building LLC, allowing Wicks to receive 50% of cash distributions and convert this right into ownership of 50% of Range Bluegrass [6] - Consulting Agreements with MRR and F & G LLC were signed, with an initial fee of $1 million and scheduled additional fees of $2 million for 2026 and 2027 [7] Business Model Transition - The company has shifted from a service-based business model focused on reclamation services to a land ownership model aimed at unlocking land value through reclamation activities and generating recurring revenue streams [11] - The sale of Collins Building & Contracting, Inc. marks the company's exit from service-based reclamation work, allowing a focus on revitalizing former coal mine sites [9][11] Portfolio Expansion - With the recent acquisitions, the company now owns four significant land investments, totaling approximately 30,000 acres of surface land and 150,000 acres of mineral interests across West Virginia and Kentucky [8]