4. ACQUISITION OF FOLA MINE SITE

On March 31, 2025, the Company, through its wholly-owned subsidiary Range Sky View Land, LLC, acquired 120,154 acres of fee, surface and mineral interests at the Fola mine complex (“Fola Mine”) located in Clay and Nicholas Counties, West Virginia. As part of the Fola Acquisition, the Company acquired 15 mining permits and the assumption of management and reclamation responsibilities for 21 additional mining permits that remained with the current permittee, WV Reclaim Co. LLC, with an estimated total asset retirement obligation of $36,562,110. As a result, on March 31, 2025, the Company recorded asset retirement obligations of $36,562,110 related to the Fola Acquisition and capitalized an equal amount as a long-term intangible asset. The Company also assumed two coal royalty contracts and one 25-year solar lease for the development of a large-scale solar project. Additionally, in June 2025, the Company acquired two mining permits for which the Company had previously assumed management and reclamation responsibilities through the Fola Acquisition and assumed an associated coal lease at the Fola Mine (the “Winoc Acquisition”).

SCHEDULE OF BUSINESS ACQUISITION OF FOLA MINE SITE

The Company accounted for the transaction as a business combination in accordance ASC 805 “Business Combinations”. The Company has made an allocation of the purchase price paid for the assets acquired and the liabilities assumed. The fair value of the land acquired by the Company in connection with the Fola Acquisition was $8,561,000, and the Company agreed to credit an outstanding receivable of $2,958,516 due to the Company from one of the sellers as consideration provided in lieu of cash. Because the fair value of the land acquired exceeded the amount of the credited accounts receivable, the Company recognized a bargain purchase gain of $5,602,484 in the fiscal quarter ended March 31, 2025.

SCHEDULE OF BARGAIN PURCHASE GAIN