MMEX Resources Corp

MMEX Resources Corporation

Overview

MMEX develops, finances, constructs, and operates clean fuels infrastructure projects. The company forms special-purpose LLCs to implement planned projects.

Core projects

Pecos UltraClean Refining, LLC

• Objective: Develop an ultra-clean transportation fuels refinery complex, up to 60,000 barrels per day, at sites in Pecos County, Texas.
• Product slate: Transportation-grade ultra-low sulfur diesel.
• Emissions: Target emissions on the order of 95% lower than a traditional refinery in the U.S. Gulf Coast.
• Blue hydrogen: Planned conversion of natural gas to hydrogen to produce power; hydrogen would supply refinery fuel gas and reduce CO2 emissions.
• Configuration: Modular design with a Front-End Load-2 (FEL-2) engineering package; modular units shipped to site with an 18-month targeted project completion timeframe.
• Permitting: Plans to obtain permits from the Texas Commission on Environmental Quality (TCEQ).
• Location: Designed to take advantage of proximity to Permian Basin fuel markets and nearby crude production areas.

Trans Permian Energy, LLC

• Concept: Planning discussions with a “Super Major” oil company to use Permian Basin natural gas for a Natural Gas to Power project at the Pecos County site.
• Power generation: Gas turbines and generators in a combined-cycle configuration to produce electric power; use of a reformer technology (in partnership with a major international company) to convert natural gas to hydrogen.
• Hydrogen use: Initial turbine operation planned at approximately 75% hydrogen and 25% natural gas. Electricity may be dispatched to a data center, the ERCOT Far West hub, or both.
• CO capture: Includes a CO capture and production facility, with captured CO to be marketed to another Super Major oil company.
• Integration: Hydrogen from this project is intended to be used as fuel gas for the Pecos UltraClean Refining facility to enable zero CO emissions from the refinery.
• Capital: Completion is contingent on obtaining the necessary capital for planning, construction, and start-up.

Regulation, security, and environmental compliance

• Permitting: Filings planned with the Texas Commission on Environmental Quality (TCEQ) for the Pecos UltraClean Refining and Trans Permian projects.
• Environmental considerations: Project plans address environmental regulation and risks, including hazardous waste management, corrective action, and emissions controls.
• Security and safety: Programs are contemplated to comply with Homeland Security’s Chemical Facility Anti‑Terrorism Standards (CFATS), TSA pipeline security guidance, and the Transportation Worker Identification Credential (TWIC) program. The company intends to consider OSHA requirements, Process Safety Management, develop a Facility Security Plan, and maintain ongoing compliance monitoring.
• Employee safety: Anticipated compliance with OSHA-related requirements and hazard communication standards.

Employees and organization

• As of April 30, 2026, MMEX had no employees.
• Key management operates under consulting agreements; professional services are contracted as required.

Properties and locations

• Mailing/office address: 3616 Far West Blvd. #117-321, Austin, Texas 78731.
• Operational office: 3400 West Dickinson Blvd, Fort Stockton, Texas 79735 (near proposed project sites).
• Owned land: Approximately 1,081.45 acres in Pecos County, Texas, designated for planned clean fuels and hydrogen projects.

Legal proceedings and settlement

• Complaint: Sabby Volatility Warrant Master Fund Ltd. filed a complaint related to MMEX securities on May 26, 2023.
• Settlement: In July 2026, MMEX and Sabby entered a Settlement Agreement and Release concerning Series B Convertible Preferred Shares ($985,000) and a promissory note ($183,955).
• Terms and payments:
  • MMEX agreed to pay Sabby $533,750.
  • MMEX paid $266,875 on July 21, 2026; the remaining balance was due within 90 days.
  • Sabby surrendered the preferred shares and promissory note.
  • A conversion reserve of 9,025,000,000 shares was terminated.
  • Mutual releases were executed and a stipulation of dismissal was to be filed.
• Financial impact: MMEX recorded a liability of $297,552 and recognized a loss on litigation settlement of $297,552 for the fiscal year ended April 30, 2026.
• Shares: Sabby retains 190,257,512 previously issued common shares.

Financial and project notes

• The company’s ability to complete projects depends on securing capital and acceptable financing terms.
• Project progress is subject to regulatory approvals and financing outcomes.