Pardee Resources Company

Pardee Resources Company Announces Agreement to Sell its Table Grape Assets

Linda Dougherty — Wed, 22 Apr 2026 15:35:45 +0000

Radnor, April 22, 2026/PR Newswire/Pardee Resources Company (OTC: PDER) (the “Company”) announced today that it has entered into a definitive agreement to sell all of its table grape assets to Joseph Vineyard Estates LLC, an affiliate of Four Star Fruit, Inc., for total cash proceeds of $6,130,000. These assets, which are located in the Central Valley of California, consist of one wholly owned 40 acre table grape ranch and a second 220 acre table grape ranch which is 85% owned by Pardee through a joint venture. The sale is subject to the satisfaction of certain contingencies and normal closing conditions and adjustments. The transaction is expected to close in the second quarter of 2026.

In addition to historical statements, this press release contains statements relating to future events, the pending transaction, and our future results. These statements are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our judgments and future expectations concerning our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, risks related to the pending transaction, including the satisfaction of conditions precedent to closing, difficult economic conditions and other risks and uncertainties. As a result, these forward-looking statements may turn out to be incorrect. We are under no obligation to (and expressly disclaim any obligation to) update or alter these forward-looking statements whether as a result of new information, future events or otherwise.

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Pardee Resources Company: 2025 Annual Report

Linda Dougherty — Thu, 02 Apr 2026 19:04:13 +0000

Radnor, PA, April 2, 2026/PR Newswire/Pardee Resources Company (OTC: PDER) (the “Company”) announced today that it has posted its 2025 Annual Report on the OTC Markets website https://www.otcmarkets.com/stock/PDER/disclosure where it is available for review. The Company intends to distribute its 2025 Annual Report to its shareholders electronically and via U.S. Mail in the near future.

In addition to historical statements, this press release contains statements relating to future events and our future results. These statements are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our judgments and future expectations concerning our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, difficult economic conditions and other risks and uncertainties. As a result, these forward-looking statements may turn out to be incorrect. We are under no obligation to (and expressly disclaim any obligation to) update or alter these forward-looking statements whether as a result of new information, future events or otherwise.

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Pardee Resources Company: Pardee Coal Operator Idles Mines

Linda Dougherty — Mon, 16 Feb 2026 20:09:14 +0000

Radnor, February 16, 2026/PR Newswire/Pardee Resources Company (OTC: PDER) (the “Company”) announced today that Greenbrier Minerals (“Greenbrier”), a coal operator on one of the Company’s properties located in Logan County, West Virginia, issued a Worker Adjustment Retraining Notification (“WARN”) Notice on Friday, February 13, 2026. The WARN Notice indicates that Greenbrier, through various subsidiary companies, intends to idle seven coal mines, including several located on the Company’s Logan County property, and begin laying off 530 employees around mid-April. Greenbrier claims the layoffs are due to “the current adverse market conditions”. This action is likely to have a material negative impact on the Company’s 2026 operating results as these mines were expected to generate between $4-5 million in revenues for the full year. While Pardee intends to work diligently to replace this production on its properties going forward, there can be no guarantee that it will be successful in doing so.

In addition to historical statements, this press release contains statements relating to future events and our future results. These statements are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our judgments and future expectations concerning our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, the risk that the jury award could be reduced or reversed or that the Company may be unable to collect on any judgment in full or at all. As a result, these forward-looking statements may turn out to be incorrect. We are under no obligation to (and expressly disclaim any obligation to) update or alter these forward-looking statements whether as a result of new information, future events or otherwise.

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Pardee Resources Company: Pardee Secures Jury Verdict Against Utility Company

Linda Dougherty — Fri, 13 Feb 2026 23:11:13 +0000

Radnor, February 13, 2026/PR Newswire/Pardee Resources Company (OTC: PDER) (the “Company”) announced today that a West Virginia jury recently returned a favorable verdict for Big Huff Minerals LLC (Big Huff), a wholly owned subsidiary, and for Big Huff’s coal lessee, against a large utility company related to a dispute involving a utility easement for its transmission lines and towers across Big Huff’s property. The jury awarded $16 Million in damages and prejudgment interest to Big Huff and its coal lessee for the value of the coal lying beneath the transmission towers that would have been otherwise mined if the towers were not present on the property. The Court previously ruled that the coal lessee will incur $58 Million in added costs to mine around the transmission towers and that the coal lessee would be awarded that amount if the plaintiffs (Big Huff and its coal lessee) prevailed at trial. The plaintiffs intend to move for entry of a judgment order totaling $74 Million ($16M+$58M) and to request prejudgment interest on the added costs which could add approximately $10 Million to the judgment order. The Company’s share of the total judgment order would be approximately 33%. The Company expects that the utility company will seek to reverse the jury’s determination and may also appeal this decision, which may take years to resolve. The Company intends to vigorously pursue this judgment. While the Company’s management believes, based on current knowledge and after consultation with counsel, that this judgment will be upheld, the outcome of legal actions and proceedings is inherently uncertain, and it is possible that this judgment may not ultimately be upheld or that the Company may be unable to collect on this judgment in full, or at all.

In addition to historical statements, this press release contains statements relating to future events and our future results. These statements are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our judgments and future expectations concerning our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, the risk that the jury award could be reduced or reversed or that the Company may be unable to collect on any judgment in full or at all. As a result, these forward-looking statements may turn out to be incorrect. We are under no obligation to (and expressly disclaim any obligation to) update or alter these forward-looking statements whether as a result of new information, future events or otherwise.

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Pardee Resources Company: Special Dividend

Linda Dougherty — Fri, 12 Dec 2025 18:11:28 +0000

Radnor, December 12, 2025/PR Newswire/Pardee Resources Company (OTC: PDER) (the “Company”) announced today that its Board of Directors has declared a special year-end dividend of $15.00 per share payable on December 18, 2025, to shareholders of record on December 15, 2025. This special dividend will be in addition to the Company’s regular quarterly dividends.

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