CLEVELAND, OHIO, Aug. 12, 2026 (GLOBE NEWSWIRE) — Range Impact, Inc. (OTC: RNGE) (“Range Impact” or the “Company”), a public company dedicated to acquiring, reclaiming, and redeveloping legacy coal mines throughout Appalachia, reported its results for the second quarter ended June 30, 2026.
Range Impact’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 was filed with the Securities and Exchange Commission on August 12, 2026 and is available for viewing at https://rangeimpact.com/investors/. Since the information provided in this press release is limited to selected financial and operational information, shareholders and interested parties are encouraged to read the Company’s full Form 10-Q available on its website.
2Q 2026 Highlights
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Earned royalty income of $1,109,661 in 2Q 2026 and $2,025,041 during the first half of 2026
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Incurred cash operating expenses of $526,743 in 2Q 2026 and $991,548 during the first half of 2026
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Invested $2,376,460 of cash into mine site reclamation activities during the first half of 2026
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Raised new equity capital of $1,942,500 during the first half of 2026
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Reduced debt outstanding by $200,000 from $1,800,000 to $1,600,000 during the first half of 2026
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Recorded total stockholders’ equity of $36,894,559 as of June 30, 2026
Michael Cavanaugh, Range Impact’s Chief Executive Officer, stated, “I am pleased with our 2Q 2026 and first half of 2026 financial results as royalty income exceeded our cash operating expenses and excess cash flow was used to fund reclamation activities on our mine properties, thereby unlocking additional land for future redevelopment.” Cavanaugh added, “We continue to actively explore land redevelopment projects focused on our core end uses, including power generation, data centers, rare earth elements, agriculture, housing, and health. I am encouraged by the substantial progress of our team during the first half of 2026 and we continue to remain acutely focused on executing our value creation plan for our shareholders.”
About Range Impact, Inc.
Headquartered in Cleveland, Ohio, Range Impact’s mission is to become a catalyst for long-term economic growth in disadvantaged coal communities throughout Appalachia and develop long-term solutions to environmental, social, and health challenges resulting from decades of coal mining. Our strategy is to acquire large former coal mines burdened by legacy permits and bond obligations, reclaim the former coal mines to unlock the underlying value of the land, and redevelop the land to meet strategically essential future needs of the United States, including power generation, data centers, rare earth elements, agriculture, housing, and health.
