Resource Group Founder James Burnham to Lead Growth and Acquisitions at RenX

About this update from Renx Enterprises Corp.

MIAMI, FL, July 09, 2026 (GLOBE NEWSWIRE) -- RenX Enterprises Corp. (NASDAQ: RENX) ("RenX" or the "Company") today announced that James D. Burnham, one of the co-founders of Resource Group US Holdings LLC ("Resource Group"), the operating subsidiary anchoring the Company's Biomass Recycling segment, has been appointed the Director of Growth and M&A of the Company, effective immediately. In connection with this new full-time position, Mr. Burnham has stepped down from the Company's Board of Directors to focus entirely on his new operating role. Mr. Burnham's decision to step down from the Board was not the result of any disagreement with the Company, its management, or its policies. Mr. Burnham brings more than 30 years of experience in the solid waste and environmental services industries, having begun his career at Browning-Ferris Industries, Inc. As a co-founder of Resource Group, he helped establish the business that today operates the Company's permitted 80+ acre organics processing facility in Myakka City, Florida, and since RenX's acquisition of Resource Group in June 2025, he has advised the Company in a consulting capacity on business strategy, financial planning, and new business development. Since 2003, he has served as President of JDB Consulting Services, Inc., advising clients across the solid waste industry on acquisitions, project development, permitting, and operational analysis. In his new role, Mr. Burnham will lead the Company's growth initiatives, including the sourcing and evaluation of acquisition opportunities, project development, and commercial expansion across the Company's Biomass Recycling and Logistics segments, supporting the buildout of RenX's engineered soils and specialty growing media platform. "Jim helped build Resource Group from the ground up, and no one knows this business, this industry, or the opportunity in front of us better than he does. Bringing his full attention to RenX as we scale our substrate platform and evaluate growth opportunities is a significant win for the Company and its shareholders," said David Villarreal, Chief Executive Officer of RenX. Additional details regarding Mr. Burnham's transition and related arrangements are included in a Current Report on Form 8-K filed with the Securities and Exchange Commission. About RenX Enterprises Corp. RenX Enterprises Corp. is a technology-driven environmental processing and sustainable materials company focused on producing value-added compost, engineered soils, and specialty growing media for agricultural, commercial, and consumer end markets. The Company's platform is designed to be differentiated by its use of advanced milling and material-processing technology, including a planned deployment of a licensed Microtec system, to precisely size, refine, and condition organic inputs into consistent, high-performance soil substrates. This technology-enabled approach allows RenX to move beyond traditional waste-to-value operations and manufacture engineered growing media with repeatable quality and defined specifications. RenX's core operations are anchored by a permitted 80+ acre organics processing facility in Myakka City, Florida. At this facility, the Company integrates organics processing, advanced milling, blending, and in-house logistics to support the localized production of proprietary soil substrates and potting media. The Company believes that by optimizing products for regional feedstocks and customer requirements, it can shorten supply chains, enhance quality control, and improve unit economics while serving higher-value end markets. The Company also owns a portfolio of legacy real estate assets, which it intends to monetize to fund its core technology-driven environmental processing platform.

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