SAFX · XCF Global, Inc.

New Rise Renewables Reno Continues Its Production Ramp Following Upgrade Work; Recent Commercial Agreements Support Feedstock Supply, Logistics and Commercialization HOUSTON, TX / ACCESS Newswire / July 28, 2026 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF"), today issued the following letter to shareholders from Chief Executive Officer Chris Cooper. The letter connects XCF's recent operating and commercial announcements and provides additional context on the progress underway at New Rise Renewables Reno, including the market conditions that XCF believes may provide a constructive backdrop for renewable diesel production and commercialization. Dear Shareholders, Over the past several weeks, we have announced a series of developments across XCF. Taken together, we believe they reflect progress in the areas that matter most to our business: operating New Rise Renewables Reno safely and efficiently and

Agreement builds on prior planning and technical alignment to establish a more structured development framework for proposed renewable fuels production in Australia New Rise ANZ platform is intended to support proposed SAF and renewable diesel development in Australia, with potential expansion across New Zealand and select Asia-Pacific markets XCF Global may earn up to a 10% equity interest in the project entity through milestone-based technical, development and project support The New Rise ANZ platform is designed to combine proven renewable fuels technology, advanced modular infrastructure, diversified feedstock strategy and local project development to support what is intended to be one of Australia's first fully integrated SAF and renewable fuels platforms HOUSTON, TX / ACCESS Newswire / July 23, 2026 / XCF Global, Inc. ("XCF") (NASDAQ:SAFX), an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF"), today announced that it has entered into a Joint

Flexible warrant framework intended to support ongoing operations, production optimization and commercial expansion overtime Closing on initial $1 million investment from warrant strategy expected July 31st; agreement provides for investment of up to $100 million in XCF through end of 2026 New Rise Renewables Reno continues production of renewable diesel as XCF works to advance its long-term SAF strategy HOUSTON, TX / ACCESS Newswire / July 22, 2026 / XCF Global Inc. ("XCF") (Nasdaq:SAFX) , an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF"), today announced the launch of a novel warrant capital strategy intended to support its ongoing operations, production optimization and commercial expansion. As part of the strategy, the Company has entered into a warrant purchase agreement with existing investor GL PART SPV II, LLC ("GL"), under which GL may purchase warrants to acquire common stock in the future at an exercise price of $2.50 per

Recent reporting on tightening U.S. diesel supplies may underscore the potential value of additional domestic renewable fuel production Market figures reported by The Wall Street Journal on July 16, 2026: 20%: Rise in U.S. diesel futures since the prior week began More than 85%: Rise in U.S. diesel futures since the start of 2026 $5.01 a gallon: National average retail diesel price HOUSTON, TX / ACCESS Newswire / July 21, 2026 / XCF Global Inc. ("XCF") (Nasdaq:SAFX), an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF"), today highlighted the role domestic renewable fuel production may play as U.S. diesel supplies tighten, diesel futures rapidly increase and fuel markets remain volatile. A July 16, 2026, report by The Wall Street Journal described tightening U.S. diesel supplies and the potential implications for fuel prices and inflation. According to the report, U.S. diesel futures had increased approximately 20% since the beginning of the prior

HOUSTON, TX / ACCESS Newswire / July 20, 2026 / XCF Global, Inc. ("XCF") (NASDAQ:SAFX), an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF"), today announced that Chris Cooper, Chief Executive Officer will participate in the upcoming Water Tower Research Fireside Chat Series, taking place on Tuesday, July 21, 2026, at 11:00 AM ET. The Fireside Chat will be hosted by Peter Gastreich, Managing Director, Energy Transition & Sustainable Investing at Water Tower Research, and will cover the following topics: New Rise Renewables Reno production milestone. First renewable fuels output now underway, the ramp timeline, and the path to full SAF production. Pending business combination. The proposed three-party combination with Southern Energy Renewables and DevvStream, its strategic rationale, and next steps toward closing. First-mover and other advantages. Perceived competitive advantages including why management believes XCF's head start matters as

Initial renewable diesel production marks commissioning and restart milestone as facility advances toward planned sustainable aviation fuel configuration Marks transition to expected revenue-generating operations following completion of commissioning and startup HOUSTON, TX / ACCESS Newswire / July 9, 2026 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF"), today announced that its New Rise Renewables Reno facility has begun producing renewable fuels, with initial production consisting of renewable diesel as the Company advances standard commissioning and restart sequencing. The facility is operating consistently as systems are brought online and optimized, with throughput expected to increase in a measured manner under real-world operating conditions. As production ramps, XCF expects New Rise Reno to begin contributing revenue from renewable fuel sales, marking an important step in the Company's

Agreements establish framework for feedstock supply, production, logistics and commercialization as Reno advances through startup activities HOUSTON, TX / ACCESS Newswire / July 7, 2026 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF"), today announced the execution of definitive agreements with BGN INT US LLC ("BGN"), establishing a long-term framework intended to support feedstock supply, renewable fuel production, logistics, and commercialization at the Company's New Rise Renewables Reno facility. The agreements, build upon the binding term sheet announced earlier this year and represent the next step in formalizing the commercial relationship between the parties. The framework is intended to support operations at New Rise Renewables Reno and may be expanded to future XCF facilities, subject to operational readiness, market conditions, regulatory requirements and other customary business

Jet fuel and diesel prices up sharply in 2026, with jet fuel ~70% higher year-over-year and U.S. diesel prices rising ~50%+, reflecting global supply disruptions HOUSTON, TX / ACCESS Newswire / June 24, 2026 / XCF Global, Inc. ("XCF") (NASDAQ:SAFX), an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF"), today provided an update on the advancement of its New Rise Renewables Reno facility as it progresses toward initial production during a period of heightened volatility across global fuel markets. XCF expects the facility to initially produce renewable diesel during its startup and optimization phase, with the capability to transition into sustainable aviation fuel ("SAF") production as part of its planned operating configuration. Global fuel markets remain under pressure from ongoing geopolitical disruptions impacting crude oil supply and refining capacity. These dynamics have contributed to elevated pricing across both jet fuel and diesel markets,

Approximately 55 million shares previously reserved for issuance are no longer reserved Reduced related potential dilution and associated market overhang Company retains flexibility to pursue financing alternatives as it deems appropriate Reinforces disciplined capital management and shareholder-aligned financing strategy HOUSTON, TX / ACCESS Newswire / June 19, 2026 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF") XCF Global, Inc. today announced it has terminated its previously disclosed equity purchase agreement, dated May 30, 2025, with Helena Global Investment Opportunities I Ltd. Upon termination of the agreement, approximately 55 million shares of common stock previously reserved for issuance to the investor thereunder are no longer reserved. This action reduces the related potential dilution and associated market overhang, including potential shorting activity by market participants. The Company

Final commissioning activities progressing as facility advances toward initial renewable fuel production HOUSTON, TX / ACCESS Newswire / June 16, 2026 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF") XCF Global, Inc. today announced that its New Rise Renewables Reno facility has advanced its production-start sequence, following the previously announced successful receipt and loading of process catalyst announced earlier this month. The facility is currently progressing through reformer startup activities, which are required to begin catalyst activation. Each step is sequenced to support an expected safe start, system reliability, and orderly transition toward initial renewable fuel production. Additional startup and commissioning activities include system validation, chemical staging, and hydrotreater readiness checks as the facility advances toward an expected initial renewable fuel production. As part

HOUSTON, TX / ACCESS Newswire / June 9, 2026 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), a U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF") focused on decarbonizing transportation while supporting domestic fuel supply and energy security, today announced that the Nasdaq Listing Qualifications Staff (the "Staff") has granted the Company's request for an additional 180-day period to regain compliance with Nasdaq's minimum bid price requirement, allowing XCF to maintain its listing on The Nasdaq Stock Market. Following a review of XCF's plans to become compliant with applicable Nasdaq listing requirements, the Staff granted an extension period of up to 180 calendar days, or until December 7, 2026, for the company to achieve compliance. Nasdaq noted that their determination that XCF is eligible for this additional grace period is based on the company meeting the continued listing requirement for market value of publicly held shares and all other applicable

Leadership transition reinforces governance structure as Company advances toward next phase of operational readiness and growth Chris Cooper to become Board Chair, in addition to his role as Chief Executive Officer Wray Thorn to serve as Chairperson of the Finance Committee Si‑Yeon Kim to serve as Lead Independent Board Member in addition to her role as Chairperson of the Governance Committee HOUSTON, TX / ACCESS Newswire / June 5, 2026 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), a U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF") focused on decarbonizing transportation while supporting domestic fuel supply and energy security, today announced that Chief Executive Officer Chris Cooper has been appointed Board Chair, effective May 28, 2026. Mr. Cooper will continue to serve as Chief Executive Officer, aligning executive leadership with Board oversight as the Company progresses toward its next phase of growth. Wray Thorn, who has served as Interim Board Chair

Key refinery upgrades completed and process catalyst successfully delivered to New Rise Reno, marking a pivotal operational milestone Catalyst loading initiates the final sequencing phase as the facility advances from commissioning toward expected commercial production operations XCF remains on schedule for an expected early June 2026 production start, bringing the facility one step closer to fuel production and becoming a revenue-generating asset HOUSTON, TX / ACCESS Newswire / June 1, 2026 / XCF Global Inc. ("XCF") (NASDAQ:SAFX), an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF"), today announced the successful delivery and receipt of the process catalyst at its New Rise Renewables Reno ("New Rise Reno") refinery, marking a pivotal operational milestone in the refinery's modernization program. The arrival of the catalyst and the initiation of catalyst loading move the facility into the final sequencing phase prior to the commencement of

Cooper will discuss how renewable and next generation fuels can support domestic energy security, and opportunities to repurpose underutilized industrial infrastructure HOUSTON, TX / ACCESS Newswire / May 19, 2026 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), a U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF") focused on decarbonizing transportation while supporting domestic fuel supply and energy security, today announced that Chief Executive Officer Chris Cooper will participate as a panelist at an upcoming Louisiana Energy Conference ("LEC") industry event. Mr. Cooper is scheduled to speak on Thursday, May 28, during LEC's Future Energy programming, where he will join industry leaders to discuss developments shaping the future of energy and economic development in Louisiana. He will share insights into the growing role of renewable fuels and its role in strengthening domestic energy supply and advancing next generation fuel solutions such as bio-methanol

Policy momentum and rising demand continue to reinforce long-term growth in renewable fuels, while underscoring the importance of domestic fuel supply and energy security HOUSTON, TX / ACCESS Newswire / May 18, 2026 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), a U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF") focused on decarbonizing transportation while supporting domestic fuel supply and energy security, today highlighted its positioning within the current U.S. biofuel policy environment following the EPA's final Renewable Fuel Standard ("RFS") rule establishing renewable fuel volume requirements. XCF believes the updated framework supports long-term demand for renewable fuels, including SAF, and underscores the importance of domestic production capacity, fuel supply diversification, and supply-chain resilience. "We are focused on advancing XCF's renewable fuels platform to align with long-term market demand, decarbonization goals, and the need for a more

Up to 500 kW of power recovered from excess steam to help reduce purchased electricity and support more efficient plant operations Approximately 35 gallons per minute of water recovered-more than 50,000 gallons per day, an important conservation measure in an arid operating environment Integrated resource recovery initiatives help lower operating costs while supporting XCF's broader efforts to reduce emissions and improve carbon intensity over time HOUSTON, TX / ACCESS Newswire / May 15, 2026 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), an emerging renewable fuels company focused on sustainable aviation fuel ("SAF"), today highlighted several existing plant-level initiatives at its facility that reflect the Company's continued commitment to reducing emissions, conserving resources and improving operational efficiency. These initiatives complement XCF's broader mission to help decarbonize the transportation sector through the production of renewable fuels such as renewable diesel and

Upgrade work at the refinery continues to move forward in support of restart planning and operational readiness Catalyst manufacturing is complete and delivery remains on track, subject to customary international shipping and customs processes XCF continues to target a June 2026 restart HOUSTON, TX / ACCESS Newswire / May 14, 2026 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF"), today provided an operational update on the planned restart of its New Rise Renewables Reno ("New Rise Reno") facility, where work continues in support of the Company's previously disclosed target to restart production in June 2026. The catalyst used for isomerization is scheduled to be delivered to New Rise Reno slightly ahead of schedule, subject to customary international shipping and customs processes. XCF continues to target a June 2026 restart for New Rise Reno, subject to completion of remaining conversion activities,

HOUSTON, TX / ACCESS Newswire / May 13, 2026 / XCF Global Inc. (Nasdaq:SAFX), an emerging renewable fuels company focused on sustainable aviation fuel ("SAF"), today announced its support for Southern Energy Renewables Inc.'s recently announced letter of intent with Hapag-Lloyd AG as further validation of the strategic rationale for XCF's pending business combination with Southern Energy Renewables and DevvStream Corp. As previously disclosed, XCF, Southern Energy Renewables and DevvStream have entered into a definitive business combination agreement to create an integrated energy transition platform spanning sustainable aviation fuel, green methanol and environmental attribute monetization, subject to customary closing conditions. XCF believes Southern's LOI with Hapag-Lloyd points to rising demand from global shipping and logistics customers for lower-carbon fuel options backed by long-term supply planning and infrastructure development. While the LOI is nonbinding and remains

The Transaction is expected to strengthen XCF's balance sheet, supports its financial flexibility and demonstrates key stakeholder's confidence in XCF's long-term strategy. HOUSTON, TX / ACCESS Newswire / May 12, 2026 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), an emerging renewable fuels company focused on sustainable aviation fuel ("SAF"), today announced that XCF, its subsidiary New Rise Renewables Reno LLC and Encore DEC, LLC ("Encore DEC") entered into a definitive agreement pursuant to which approximately $16.7 million of outstanding debt and property liens due to Encore DEC and Encore DEC construction related creditors will be satisfied through the issuance of 37.03 million shares of XCF Class A common stock, increasing the company's equity capitalization. XCF believes the agreement represents an additional step toward improving its balance sheet and increasing its financial flexibility. The transaction is intended to reduce indebtedness and eliminate property liens XCF's

As global fuel markets tighten, XCF points to renewable fuels' expanding role in domestic supply resilience HOUSTON, TX / ACCESS Newswire / May 8, 2026 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), an emerging renewable fuels company focused on sustainable aviation fuel ("SAF"), today highlighted the strategic importance of domestically produced renewable fuels as global energy markets face heightened disruption following the ongoing Middle East crisis. According to the International Energy Agency, the conflict has triggered the largest supply disruption in global oil markets on record, tightening refined fuel availability and prompting emergency responses by governments seeking to protect energy security and economic stability. Refined products such as jet fuel have experienced outsized price and supply pressures compared to crude oil, amplifying cost and availability challenges for the aviation sector. In this environment, XCF believes renewable fuels are increasingly viewed not only as

XCF Global's New Rise Reno Facility Is Designed for 38M Gallons of Annual Nameplate SAF Capacity HOUSTON, TX / ACCESS Newswire / May 7, 2026 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), an emerging renewable fuels player focused on lowering emissions and strengthening the resilience of the aviation fuel supply chain through sustainable aviation fuel ("SAF"), today highlighted how elevated jet fuel prices continue to pressure the commercial aviation sector and reinforce the strategic importance of expanding domestic aviation fuel alternatives. The Argus US Jet Fuel Index, published by Airlines for America, was $4.18 per gallon on May 5, 2026. Argus has also reported that the index averaged approximately $2.97 per gallon year to date through early April, up about 33% from the same period last year. Fuel remains one of the airline industry's largest and most volatile operating inputs, and sustained increases in conventional jet fuel can affect pricing, route economics, network planning, and

Elevated jet fuel prices reinforce the strategic relevance of domestic, waste-based SAF production HOUSTON, TX / ACCESS Newswire / May 6, 2026 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), an emerging player focused on lowering emissions and strengthening the resilience of the aviation fuel supply chain through sustainable aviation fuel ("SAF"), today highlighted the importance of domestic SAF production capacity as jet fuel prices remain elevated. The Argus US Jet Fuel Index, published by Airlines or America, was $4.26 per gallon on May 4, 2026. XCF believes the current fuel environment reinforces the value of domestic, waste-based SAF production capacity as airlines and fuel purchasers seek lower-emission fuel options with greater supply resilience. For XCF, the message is not simply about fuel cost, but about fuel resilience. XCF believes domestic, waste-based SAF capacity is strategically relevant for airlines and other fuel purchasers, where logistics proximity, domestic feedstock

WTI moved >3% to ~$105.46 (as of 05/04/26) Recent public reports citing vessel-tracking data indicate Hormuz traffic is near a standstill EIA analysis indicates ~20MM bpd typically transits Hormuz in recent years HOUSTON, TX / ACCESS Newswire / May 5, 2026 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), an emerging player focused on lowering emissions and strengthening the resilience of the aviation fuel supply chain through sustainable aviation fuel ("SAF"), today highlighted how intensified geopolitical risk in the Persian Gulf may contribute to volatility across global energy markets. Recent public reports citing vessel-tracking data have indicated that traffic through the Strait of Hormuz is near a standstill, and industry groups have reportedly cautioned that secure passage procedures remain unclear, and the maritime threat level remains elevated. In normal conditions, the Strait of Hormuz is one of the world's most important energy transit chokepoints; the U.S. Energy Information

Operational and corporate updates highlight leadership actions, a signed definitive business combination agreement (subject to closing conditions), and continued progress toward sustained SAF production. XCF also emphasizes the role of domestic jet fuel alternatives in supporting energy resilience and national security, and its modular, repeatable build-out and licensing model designed to deploy SAF production facilities globally. Key Developments This Period Strengthened leadership with renewable fuels executive Chris Cooper, former President of one of the world's largest producers of renewable fuels, where he led the launch of its SAF commercial efforts in the Americas; appointed Harvey Schnitzer as Interim Chief Financial Officer, a CPA and veteran Chief Financial Officer/Chief Operational Officer with more than three decades of experience leading growth, integrations, and turnarounds. Initiated the planned upgrade program to support efficient, repeatable, sustained operations at

Agreement continues through January 1, 2027, subject to specified conditions, supporting New Rise's planned upgrade path and operational progress. HOUSTON, TX / ACCESS Newswire / May 1, 2026 / XCF Global, Inc. ("XCF") (NASDAQ:SAFX) an emerging player in lowering emissions and strengthening domestic renewable energy resilience of the aviation industry through Sustainable Aviation Fuel ("SAF"), today announced that New Rise Renewables Reno, LLC ("New Rise"), a subsidiary of XCF, has entered into a forbearance agreement dated April 27, 2026 (the "Agreement") with Twain GL XXVIII, LLC (the "Landlord") in connection with the ground lease for New Rise's Reno, Nevada facility. New Rise Reno was commissioned in February 2025 and has produced SAF, renewable diesel, and renewable naphtha. Since the start of commercial operations in March 2025, the facility has produced more than 2.5 million gallons of renewable fuels. New Rise Reno is in the final stages of its planned upgrade, intended to