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ARGAN, Inc’s WHOLLY OWNED SUBSIDIARY GEMMA POWER SYSTEMS RECEIVES LIMITED NOTICE TO PROCEED FOR COMBINED CYCLE POWER PROJECT FROM MOXIE FREEDOM LLC

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ROCKVILLE, Md.–(BUSINESS WIRE)– Argan, Inc. (NYSE: AGX) today announced that its wholly owned subsidiary, Gemma Power Systems (GPS) has entered into an EPC Agreement with Moxie Freedom LLC and received a limited notice to proceed to commence early activities for the engineering, procurement and construction of a 1,000 MW combined cycle power plant to be located in Luzerne County, Pennsylvania.

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