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UMeWorld (OTCID: UMEW) completed Phase I process engineering design for a pretreatment unit (PTU) under Project Verdant, establishing a technical foundation for a renewable fuels platform.
The Phase I PTU targets ~450 metric tons/day (~150,000 mtpa), modular expansion, and an estimated $180 million annual revenue at full utilization (based on ~$1,200/mt). The company reported non-binding institutional interest for financing and retained ARC Group as strategic capital markets advisor.
UMeWorld (OTC: UMEW) said its common stock began trading under the new ticker UMEW effective January 21, 2026 after a FINRA‑approved corporate action.
The corporate action included redomiciling from the British Virgin Islands to Delaware, a corporate name change to UMeWorld Inc., and assignment of a new CUSIP 90292A105; the prior CUSIP was suspended upon market effectiveness. These steps follow the company’s October 2, 2025 share exchange and domestication, pursuant to which UMeWorld Inc. became the successor public issuer to UMeWorld Limited. The company’s common stock continues to trade on the OTC Markets.