XCF Global completes initial work at New Rise Reno 2; $300M investment to double SAF capacity to ~80M gal/yr

XCF Global, Inc.

Initial site work completed: grading of 10-acre parcel and construction of access roads; engineering and planning underway.
Planned $300 million investment will double total SAF production capacity from ~38M to ~80M gallons annually.
Construction expected to begin in 2026; adjacent location allows integration with existing infrastructure to reduce costs and risk.
Signed MOU with BGN INT US LLC in November 2025 to develop global distribution and offtake frameworks.
Company highlights U.S. and European SAF mandates driving demand; shares outstanding ~208.3M with <20% free float.

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