Range Impact raises $10M from Tacora Capital for Appalachian mine reclamation
What's the deal? Range ImpactDealroom has a profile for this one. Try Dealroom →, a Cleveland-based public company that acquires and repurposes distressed coal mine properties across Appalachia, has secured US$6.47M investment from Tacora CapitalDealroom has a profile for this one. Try Dealroom →, a private capital fund based in Austin, Texas. Tacora will purchase $10 million of Range Impact's common stock through monthly financings over the next 12 months, priced at the volume-weighted average price each month.
The first tranche closed on May 31, 2026, with Tacora receiving roughly 6.3 million shares for $1.75 million. Each of the remaining eleven monthly instalments will be $750,000.
Separately, Range Impact's new wholly owned subsidiary, Range Cumberland, is providing US$2.59M secured loan to Cumberland Coal Corporation, a private mining company, for general working capital.
Why now? Range Impact trades on the OTC market under the ticker RNGE and focuses on what it calls "impact investing" — buying undervalued former coal land in economically disadvantaged communities and redeveloping it. The structured monthly investment from Tacora gives Range Impact a steady capital pipeline over the coming year to pursue acquisitions.
"Tacora'US$7.33M investment represents a validating endorsement of our unique strategy and the significant opportunities we see ahead," chief executive officer Michael Cavanaugh said.
What could go wrong? The deal involves monthly share issuances priced at the prevailing volume-weighted average, meaning existing shareholders face dilution — and the final cost to Tacora depends entirely on where the stock trades each month. OTC-listed companies also carry inherent liquidity and transparency risks compared with major-exchange peers.
Range Impact itself acknowledged the uncertainties typical of development-stage companies, including timing of projects and execution of new business lines.
The signal: Range Impact is classified as an early-growth company on Dealroom, underscoring how nascent the commercial model of acquiring and redeveloping former coal land still is. Tacora Capital's structured $10 million commitment — from a dedicated investment fund rather than a generalist venture firm — suggests that specialised private capital is beginning to underwrite mine-reclamation plays as a distinct asset class, one buoyed by expanding federal remediation incentives and rising demand for repurposed industrial land.
Read more: Stockwatch
