RANGE IMPACT, INC. 8-K

What Happened

• Range Impact, Inc. (RNGE) filed an 8‑K (dated Jan 7, 2026) reporting several material transactions completed on December 31, 2025. The company sold all outstanding shares of Collins Building & Contracting, Inc. to Collins Reclamation in a stock purchase that transfers the related liabilities and obligations, completing the company’s exit from its abandoned mine lands (AML) business.
• On the same date Range Bluegrass Land, LLC (a newly formed, wholly‑owned indirect subsidiary) entered a Purchase and Sale Agreement to acquire the Premier‑Cambrian Property in eastern Kentucky. The purchase required no cash payment to the seller; Range Bluegrass agreed to assume oversight and the reclamation obligations for 43 mining permits previously held by Reckoning Reclamation, and pledged the acquired real and personal property as collateral supporting approximately $54 million in surety bonds issued by Continental Heritage Insurance.
• Range Bluegrass also granted MRR CNG, LLC an option (for a $500,000 option fee) to buy roughly 1,500 acres of the purchased land. The company issued a press release about these transactions on January 7, 2026 (Exhibit 99.1).

Key Details

• Date of transactions: December 31, 2025 (8‑K filed Jan 7, 2026).
• Collins sale: Range Reclaim, LLC sold all shares of Collins Building & Contracting, Inc.; sale consideration includes assumption of Collins Building’s liabilities by the buyer.
• Kentucky property: Range Bluegrass assumed responsibility for 43 permits and pledged property as collateral backing ~ $54 million in reclamation bonds issued by Continental Heritage Insurance.
• Land option: MRR paid a $500,000 option fee for an option to buy ~1,500 acres of the Premier‑Cambrian Property.
• Related‑party links disclosed: Continental Land (seller) is 80% owned by Tower IV, LLC (owned by the daughters of Joseph E. LoConti, Range Impact’s largest shareholder) and 20% by Devica (owned by CEO Michael Cavanaugh). LoConti also owns ~9% of Continental Heritage Insurance (the bond issuer).

Why It Matters

• These transactions finalize Range Impact’s exit from its AML business (Collins Building) and shift the company’s focus toward reclamation and repurposing of Company‑owned mine sites.
• The Premier‑Cambrian acquisition imposes a material contingent obligation: Range Bluegrass is contractually liable to indemnify Continental Heritage Insurance for losses tied to ~ $54 million of reclamation bonds, and the company has pledged the acquired property as collateral. This creates potential contingent balance sheet exposure investors should note.
• The $500k option fee provides near‑term cash and a path to monetize part of the Kentucky acreage, while the related‑party disclosures (ownership links among the seller, insurer and major shareholders/executives) are relevant governance information for investors.

Exhibits referenced: Collins Sale Agreement (Exhibit 10.1), Bluegrass PSA (Exhibit 10.2), Joinder/Indemnity (Exhibit 10.7), and the press release (Exhibit 99.1).