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Range Impact Reports Full Year 2025 Financial Results
Company sees significant progress in acquiring coal mine properties and increasing revenues and profitability
Mar. 30, 2026 at 10:08pm
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Range Impact's strategic shift to a land ownership model aims to unlock value and drive economic opportunities in Appalachia through innovative impact investing.Cleveland TodayRange Impact, Inc., a public company dedicated to acquiring, reclaiming and repurposing distressed coal mine properties throughout Appalachia, reported its results for the fiscal year ended December 31, 2025. The company saw significant growth in its mineral and land interests, revenues, net income, and shareholder equity during the year.
Why it matters
Range Impact's shift from a service-based business to a land ownership and redevelopment model represents an innovative approach to impact investing in economically disadvantaged communities in Appalachia. The company's ability to acquire and reclaim coal mine properties could unlock value and lead to new economic opportunities in the region.
The details
Key highlights from Range Impact's 2025 fiscal year include acquiring two large coal mine complexes in Appalachia, increasing its owned mineral interests from 50 acres to over 150,000 acres and its surface land ownership from 1,800 acres to 30,000 acres. The company also acquired 76 mining permits in West Virginia and Kentucky, along with the associated $79.3 million in estimated future reclamation obligations. Range Impact increased revenues from continuing operations from $0 in 2024 to $3.7 million in 2025, and net income from a loss of $9.8 million in 2024 to a gain of $19.2 million in 2025.
- Range Impact filed its Annual Report on Form 10-K for fiscal year 2025 on March 30, 2026.
- The company's revenues increased from $0 in 2024 to $3.7 million in 2025.
- Range Impact's net income improved from a loss of $9.8 million in 2024 to a gain of $19.2 million in 2025.
The players
Range Impact, Inc.
A public company (OTC: RNGE) dedicated to acquiring, reclaiming and repurposing distressed coal mine properties throughout Appalachia.
Michael Cavanaugh
Chief Executive Officer of Range Impact.
What they’re saying
“2025 represented a significant period of progress and strategic development for Range, evidenced by our acquisition of two large coal mine complexes and the divestiture of our non-core reclamation services business for third parties.”
— Michael Cavanaugh, Chief Executive Officer
“We have secured new sources of revenue through leases with coal mining partners and established strong relationships with commercial partners for the redevelopment and repurposing of our reclaimed coal mine land. We remain very enthusiastic about the current trajectory of Range and our evolution from a service-based business to a land ownership business focused on unlocking the underlying value of land we own through our own reclamation activities.”
— Michael Cavanaugh, Chief Executive Officer
What’s next
Range Impact plans to continue its strategy of acquiring and reclaiming coal mine properties in Appalachia, with the goal of unlocking the value of the land through redevelopment and repurposing efforts. The company will also seek to establish additional partnerships with coal mining operators and commercial entities to generate new revenue streams.
The takeaway
Range Impact's shift from a service-based business to a land ownership and redevelopment model represents an innovative approach to impact investing in economically disadvantaged communities in Appalachia. The company's ability to acquire and reclaim coal mine properties could unlock value and lead to new economic opportunities in the region, while also addressing environmental and social challenges.
