RANGE IMPACT, INC.

Range Impact, Inc. announced a $10 million investment from Tacora Capital LP and a $4 million secured loan from its subsidiary, Range Cumberland LLC, to Cumberland Coal Corp. Tacora Capital will purchase up to $10 million of Range Impact's common stock over the next 12 months, with the first $1.75 million issuance completed on May 31, 2026. The $4 million loan from Range Cumberland to Cumberland Coal Corp. will be used for working capital purposes.

Range Impact, Inc. reported strong financial results for the first quarter ended March 31, 2026, with significant increases in royalty income and stockholders' equity, alongside reductions in cash operating expenses and debt. The company's land-ownership business model is taking shape, generating coal royalty income to fund reclamation activities and focusing on long-term land redevelopment opportunities. CEO Michael Cavanaugh expressed satisfaction with the progress and plans to accelerate value creation.

RANGE IMPACT, INC. reported a net loss of $1.83 million for the first quarter of 2026, a significant decline from a net income of $5.10 million in the prior year, primarily due to a lack of bargain purchase gains. The company generated $915,380 in revenue for the quarter, compared to no revenue in the same period last year. Management raised substantial doubt about the company's ability to continue as a going concern, citing the net loss and $982,050 cash used in operations, with current cash of $1.28 million potentially insufficient for the next 12 months. The company is actively seeking additional financing.