Range Impact, Inc. Enters AI Services Agreement; Issues Warrant

What Happened
Range Impact, Inc. announced on August 17, 2026 that it entered into a Master Services Agreement (MSA) with Vetted Consultant LLC d/b/a Vetted Portal to design, build and deploy a custom AI agent platform for permit compliance, reclamation monitoring, and related operational workflows. The Layer 1 scope is milestone-based with an aggregate gross fee of $626,000 (net payments of $576,000 after milestone credits). Go-live and handover are targeted about six months after signing. In connection with the MSA, Range issued Vetted Portal a warrant to purchase up to 500,000 shares of common stock at $0.76 per share (five‑year term).

Key Details

• Agreement date: August 17, 2026; filed on Form 8-K August 18, 2026.
• Fees: $626,000 gross; $576,000 net after $10,000 credit applied to each of milestones M1–M5.
• Timeline & services: Milestone schedule from kickoff through go-live (~6 months); separate managed services order will set monthly hosting/monitoring fees post‑go‑live.
• Warrant: 500,000-share common stock purchase warrant, $0.76 exercise price, 5‑year term; not exercisable until milestone M5 is completed and accepted. Includes cashless exercise if registration is not effective, a 90‑day post‑exercise lockup and a subsequent 90‑day leak‑out sale restriction.

Why It Matters
This is a small-to-moderate commercial development expense (≈$626k) aimed at building an AI platform intended to improve regulatory compliance and reclamation monitoring—areas central to Range Impact’s operations. The agreement transfers deliverables to Range upon full payment (excluding Vetted Portal’s pre-existing IP) and includes post‑go‑live restrictions on Vetted Portal competing in specified natural‑resource sectors, which can protect Range’s investment in the solution. The issued warrant creates potential future equity dilution (500k shares at $0.76) but is subject to vesting tied to milestone M5 and sale restrictions, limiting immediate dilution risk. Termination and payment provisions (30‑day cure, convenience termination with wind‑down fee) set out the company’s financial exposure if it ends the relationship early.