Range Impact announced a suite of agreements to advance a power generation and data center project at the Fola mine site in West Virginia. The company formed a 50/50 joint venture with Time Complexity WV, issued a seven-year warrant for up to 14.5 million shares at $0.40 tied to project milestones, and provided the JV with a five-year option to lease the project site on nominal, triple-net terms. The JV structure enables shared governance and funding flexibility, while the warrant aligns incentives for rapid commercialization and the land option secures site control with a path to a long-term lease and potential purchase.
Agreement 1: Range Impact Forms 50/50 JV With Time Complexity to Develop West Virginia Data Center
- Agreement type: Joint venture operating agreement
- Counterparty: Time Complexity WV and Time Complexity Appalachia
- Signed / Effective: Jul 01 2026 / Jul 01 2026
- Duration / Termination: At will
- Reason: Develop power and data center project at Fola mine site
Agreement 2: Range Impact Grants 14.5M-Share, Seven-Year Warrant at $0.40 to Time Complexity WV
- Agreement type: Common stock purchase warrant
- Counterparty: Time Complexity WV
- Signed / Effective: Jul 01 2026 / Jul 01 2026
- Duration / Termination: 7 years
- Reason: Align incentives and support JV commercialization
Agreement 3: Range Impact Offers JV Site Control Via Five-Year Option to Lease Fola Mine Property
- Agreement type: Option to lease real property (with form ground lease)
- Counterparty: Time Complexity Appalachia
- Signed / Effective: Jul 01 2026 / Jul 01 2026
- Duration / Termination: 5 years, extendable 1 year
- Reason: Provide site access for project development
Original SEC Filing:
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