Announcement • Jul 15

Umeworld Advances Project Verdant into Next Phase of Commercial Development

UMeWorld engaged FGE NexantECA to conduct an Independent Feasibility Study for Phase 1 of Project Verdant, the planned Renewable Aviation Fuels Hub in Malaysia. The Independent Feasibility Study represents an important milestone in the development of Project Verdant. The study will provide an independent technical and commercial assessment of the project before it advances to engineering, project financing, and commercial construction. FGE NexantECA has supported more than USD 200 billion of global energy infrastructure investments and has extensive experience advising renewable fuels and Sustainable Aviation Fuel (SAF) projects worldwide. Phase 1 targets production of approximately 200,000 metric tonnes of Sustainable Aviation Fuel (SAF) annually. Based on the Company's current internal feasibility assessment, management estimates Phase 1 could generate more than USD 500 million in annual revenue once commercial operations commence. While the Independent Feasibility Study focuses on Phase 1, Project Verdant is being developed as a phased Renewable Aviation Fuels Hub with potential future expansion in production capacity, renewable feedstock integration, and next-generation aviation fuel technologies. Independent market research projects global SAF demand to increase from approximately 2 million tonnes in 2025 to nearly 13 million tonnes by 2030, supporting long-term demand for additional production capacity. The Independent Feasibility Study will evaluate Project Verdant's technical configuration, renewable feedstock strategy, capital expenditure (CAPEX), operating expenditure (OPEX), logistics, market outlook, and project economics. The study establishes a commercial baseline utilizing proven Hydroprocessed Esters and Fatty Acids (HEFA) technology and renewable lipid feedstocks. Upon completion, the Independent Feasibility Study is expected to provide the independent technical and commercial assessment supporting the next stage of discussions with regional development finance institutions, multilateral lenders, commercial lenders, and strategic project equity partners as Project Verdant advances toward engineering, project financing, and commercial development. In parallel, UMeWorld continues advancing its proprietary microbial oil initiatives, which management believes have the potential to diversify future feedstock supply, improve long-term project economics, and support future expansion. Project Verdant is UMeWorld's Renewable Aviation Fuels Hub under development in Malaysia. Phase 1 is designed to establish commercial-scale Sustainable Aviation Fuel production utilizing proven HEFA technology while developing the Company's proprietary microbial oil platform to support long-term feedstock diversification. Through phased expansion, the Company intends to develop Project Verdant into an integrated Renewable Aviation Fuels Hub supporting long-term aviation decarbonization.

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