Verde Clean Fuels, Inc. Announces Closing of $50 Million Equity Investment by Cottonmouth Ventures, LLC, a Wholly-Owned Subsidiary of Diamondback Energy, Inc.

Company Overview: Verde Clean Fuels, Inc. is focused on deploying its proprietary liquid fuels processing technology through the development of commercial production plants, including a proposed natural gas-to-gasoline plant in the Permian Basin in collaboration with Diamondback's subsidiary, Cottonmouth.

Financial Performance: For Q3 2025, Verde reported a net loss of $2.3 million, with a diluted loss per share of $0.06, and a total net loss of $7.6 million for the first nine months of the year, primarily due to general and administrative expenses.

Cash Position: As of September 30, 2025, Verde had cash and cash equivalents of $59.4 million, no debt, and ongoing construction costs of $3.3 million related to the Permian Basin project.

Forward-Looking Statements: The company issued forward-looking statements regarding its future operations and financial performance, highlighting potential risks and uncertainties that could affect actual results compared to expectations.

Investment and Project Development: Verde Clean Fuels, Inc. has advanced its natural gas-to-gasoline project in the Permian Basin through a joint development agreement with Cottonmouth Ventures, which included a recent $50 million equity investment, bringing their total investment to $70 million.

Financial Performance: For Q4 2024, Verde reported a net loss of $2.7 million, with total losses for the year amounting to $10.5 million, primarily due to general and administrative expenses, while maintaining cash reserves of $19 million and no debt.