Company plans to deliver material recovered from the University Parkway site to the Myakka City platform as processing feedstock

MIAMI, FL / ACCESS Newswire / October 12, 2026 / RenX Enterprises Corp. (NASDAQ:RENX) ("RenX" or the "Company") today announced that its operating subsidiary, Resource Group US LLC ("Resource Group"), has entered into a subcontract agreement with Central Site Development, LLC, a Brandon, Florida based site development contractor, to clear and grub a 6.5 acre site on University Parkway in Sarasota, Florida. The agreement is the second purchase order secured by the Company's land clearing division since the division's launch in July 2026, and the first from Central Site Development.

Under the purchase order, the Company is to be paid for mobilization, clearing and grubbing, grinding, and transportation. Separately, the Company expects the material it hauls away to provide low-cost processing feedstock for its Myakka City platform. The division's first purchase order, from Frederick Derr & Company for a residential community development in the Lakewood Ranch area of Manatee County, was announced with the Company's second quarter 2026 results in August and was completed in the third quarter of 2026.