3. ACQUISITION OF FOLA MINE SITE

On March 31, 2025, the Company, through its wholly-owned subsidiary, Range Sky View Land, LLC, entered into an agreement with WV Reclaim Co. LLC (“WV Reclaim”) pursuant to which it 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 this transaction, the Company acquired 15 mining permits and assumed management and reclamation responsibilities for 21 additional mining permits held by WV Reclaim. In connection with this transaction, the Company recorded asset retirement obligations of $36,562,110 on March 31, 2025 (and capitalized an equal amount as a long-term intangible asset) and assumed two coal royalty contracts and one 25-year lease for the development of a large-scale solar project. The Company acquired an additional two mining permits in June 2025 for which the Company had previously assumed management and reclamation responsibilities and assumed an associated coal lease at the Fola Mine.See the table below for more information regarding the reporting of these transactions:

SCHEDULE OF BUSINESS ACQUISITION OF FOLA MINE SITE

The Company accounted for the above-described transactions 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 acquired land 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 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