Note 4. Business Combination, Divestiture of Wholly Owned Subsidiaries and Joint Venture

On October 1, 2024, the Company acquired all of the issued and outstanding membership interests of Endeavor Crude, LLC, Equipment Transport, LLC, Meridian Equipment Leasing, LLC, and Silver Fuels Processing, LLC (collectively, the “Endeavor Entities”).

On July 30, 2025, the Company completed the divestiture of Meridian Equipment Leasing, LLC and Equipment Transport, LLC (together, the “Divested Entities”), two indirectly wholly owned subsidiaries acquired as part of the Endeavor Entities, pursuant to a Membership Interest Purchase Agreement entered into with Jorgan Development, LLC, an entity controlled by James Ballengee, the Company’s Chief Executive Officer and Chairman.

Effective June 2, 2026, the Company entered into a joint venture agreement with Monarch R&P Management LLC for a 50% interest in Monarch Remediation & Processing LLC (“Monarch”) for future operations associated with operating a wash plant and remediation processing centers. As of June 30, 2026, the Company has contributed $500,000 which is included in Other Assets in the accompanying consolidated balance sheet.