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’s strategy is to acquire, reclaim and repurpose large former coal mine complexes into new land developments supporting sustainable, next generation uses.  Range Impact takes an opportunistic approach to impact investing by leveraging its competitive advantages and solving legacy environmental problems in new creative ways, with the goal of repairing damaged land, restoring waterways, and revitalizing hard-hit coal communities. Range Impact seeks to thoughtfully allocate its capital into strategic investment opportunities that are expected to make a positive impact on the people-planet ecosystem and generate attractive long-term returns for its shareholders.

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Range Impact has two active reclamation and repurposing projects, representing two of the largest coal mine complexes in West Viriginia. The following is a brief overview of both investments.

Sky View

Mine Complex: Fola Mine

Location: Clay and Nicholas Counties, West Virginia

Complex Size: 25,000 acres of surface interests and 125,000 acres of mineral interests

Mine Closure: 2011

Range Investment Date: March 2025

Range Land Purchase: 13,000 acres of surface interest and 107,000 acres of mineral interests

 

In the 1990s and 2000s, the Fola Mine Complex was one of the largest mining operations in Appalachia, with peak production of nearly 4 million tons per year and more than 500 employees.  However, in 2011, the mining operator shut-down its entire operations at the Fola Mine Complex as part of a strategic consolidation of its operations, resulting in the loss of hundreds of good paying jobs and the deterioration of economic value throughout nearby communities.  For over a decade, the Fola Mine Complex laid vacant with no operations and only a few employees performing minimal maintenance services.

 

In 2025, Range Impact, through a new wholly-owned subsidiary Range Sky View Land, acquired 120,000 acres of property interests at the Fola Mine Complex (13,000 acres of surface land and 107,000 acres of mineral interests).  Range Sky View Land also acquired two coal royalty contracts and one solar lease, plus assumed responsibility for the reclamation of 36 mining permits at the Fola Mine Complex. 

 

Sky View is anticipated to be redeveloped into a new multi-use complex that includes a 1,000-acre (200 MWh) solar farm, a next generation agricultural business involving biochar, complementary light industrial uses, recreation, and voluntary carbon credits.  This large, ambitious project is anticipated to employ over one hundred people, generate millions of long-term recurring revenue, and create meaningful economic development for nearby local communities.

Rock Creek

Mine Complex: Hobet Mine

Location: Boone and Lincoln Counties, West Virginia

Complex Size: 25,000 acres of surface interests and 25,000 acres of mineral interests

Mine Closure: 2015

Range Investment Date: August 2023

Range Land Purchase: 2,000 acres of surface interest (potential to acquire more acreage)

 

For four decades (1974 through 2015), the Hobet Mine Complex was operated by various mining companies, frequently producing millions of tons of coal per year and employing hundreds of workers.  However, in 2015, the mining operator at the Hobet Mine Complex filed for Chapter 11 bankruptcy, and the Hobet Mine Complex was sold to a company proposing to reclaim the Hobet Mine Complex.  Unfortunately, for five years, the company failed to perform any meaningful reclamation at the Hobet Mine Complex, and in 2020, the entire operation was put under the legal oversight and management of a state-court appointed receiver.

 

In 2023, Range Impact, through a new wholly owned subsidiary, acquired 2,000 acres of surface land from the state-appointed receiver, and is actively seeking to acquire substantially more surface land at the Hobet Mine Complex to facilitate a larger redevelopment opportunity at the property.  Range Impact has not formally assumed any reclamation obligations at the Hobet Mine Complex but is actively working with stakeholders to develop a comprehensive reclamation plan to unlock the underlying value of the property for next generation uses.

 

Rock Creek is anticipated to be redeveloped into a new multi-use complex that includes a 3,500-acre (700 MWh) solar farm, light commercial and industrial uses, recreation, and residential.  This large redevelopment project is anticipated to employ over one hundred people, generate millions of long-term recurring revenue, and create meaningful economic development for nearby local communities.