Material Event Form 8 K

Item 8.01. Other Events.

Today, Argan, Inc. reports that its wholly owned subsidiary, Gemma Power Systems ("Gemma"), received a full release for the activities on an engineering, procurement and construction services contract for a utility-scale solar field project in Illinois that will provide 405 MW of electrical power. Under a limited notice to proceed, as previously disclosed, Gemma commenced early engineering and design activities as well as the procurement of certain major equipment related to this project.

The utility-scale solar field will use pre-existing transmission and utility infrastructure from a nearby retired coal power plant. The unique, multi-phased project includes solar-tracking panels that can be stowed by remote command for expected adverse weather events. The project is in its early phases.

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