Verde Clean Fuels suspends Permian Basin JV with Diamondback subsidiary; cites gas demand shift

Verde Clean Fuels, Inc.

Suspends Permian Basin project with Cottonmouth (Diamondback sub) due to rising natural gas demand.
FEED study completed Dec 2025; JDA signed Feb 2024 for a gas-to-gasoline plant using STG+® technology.
CEO says resources will shift to opportunities where natural gas is stranded or flared.
Cottonmouth remains Verde's second largest shareholder and supportive.
No financial impact or guidance changes disclosed in the filing.

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