SAFX News & Events

XCF Global "announced the execution of definitive agreements with BGN INT US LLC, 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 considerations. The announcement comes as XCF continues to advance through the production startup sequence at New Rise Renewables Reno following the completion of planned facility upgrades and operational readiness activities."

XCF Global announced it has terminated its previously disclosed equity purchase agreement, dated May 30, 2025, with Helena Global Investment Opportunities. Upon termination of the agreement, 55M 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 said in a statement. XCF "believes eliminating the share reserve, meaningfully strengthens its capital structure while preserving flexibility to pursue financing alternatives as it deems appropriate."

XCF Global 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.