Significant News from New Era Helium (Nasdaq: NEHC), Planned Net Zero Data Center

We are pleased to note that our B2i Digital Featured Company (https://lnkd.in/d3m_BMKB), New Era Helium (Nasdaq:NEHC), (https://lnkd.in/e8thYdrk), provided another important update to its planned 50/50 joint venture (JV) with Sharon AI, Inc.

In a press release, the companies announced an expansion of their joint venture plans to develop a 250MW net-zero energy data center in the Permian Basin, a significant increase from the previously announced 90MW facility. This decision reflects heightened demand from potential off-takers—entities such as cloud service providers, AI companies, or large-scale energy users that have committed or are expected to commit to purchasing the center’s energy and computing capacity.

Key updates to the Agreement include:
- Binding Agreement Signed: The companies formalized their commitment to the joint venture with a binding Letter of Intent.
- Capacity Increase: The proposed capacity of the data center was expanded from 90MW to 250MW.
- Location Finalized: A site in the Permian Basin was selected, leveraging proximity to New Era’s resources and infrastructure.
- Definitive Timeline: The companies expect to formalize the JV agreement on or before December 23, 2024.
- Gas Supply Agreement: New Era Helium will supply gas at a mutually agreed fixed cost for five years, plus three options of five years each.

CEO E. Will Gray II commented: “This JV partnership with Sharon AI highlights our commitment to innovative energy solutions and represents a significant step forward, building on the momentum of our successful trading debut on Nasdaq this past Monday. Our public listing reflects New Era Helium’s ability to support today’s high-growth, in-demand industries with environmentally responsible energy solutions. Together with Sharon AI, we believe we are well-positioned to deliver cutting-edge energy infrastructure that meets the evolving demands of the AI-driven digital age.”

To learn more, read the full release here: https://lnkd.in/eQ_AJgdE

The New Era management team of highly experienced professionals includes Michael Rugen (CFO), Pat Seale (Head of Engineering), Bret Pearcy (Head of Geology), Vicki Kay (Land & Legal), and Scott Parsons (Operations).

For updates, visit B2i Digital. For investor questions, please contact Jonathan Paterson of Harbor Access Investor Relations at jonathan.paterson@harbor-access.com.

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