New Era Helium Completes Business Combination, Set to List on Nasdaq

New Era Helium, Inc. (NEH) has successfully closed its business combination with Roth CH Acquisition V Co., marking a significant milestone in the company's growth strategy. The merger, approved by stockholders on November 26, 2024, positions NEH as a prominent player in the helium and natural gas production industry, with a focus on the Permian Basin.

Following the transaction, the combined entity will operate under the name New Era Helium, Inc., with its common stock and public warrants set to trade on the Nasdaq under the symbols 'NEHC' and 'NEHCW', respectively. This Nasdaq listing is expected to enhance the company's visibility and attract U.S. investors interested in energy infrastructure and sustainable innovation.

New Era Helium's strategic importance lies in its substantial asset base, which includes over 137,000 acres in Southeast New Mexico and more than 1.5 billion cubic feet of proved and probable helium reserves. This positions the company to capitalize on the anticipated surge in helium demand, particularly driven by the growth of data centers powering artificial intelligence.

The company's recent announcement of a non-binding joint venture with Sharon AI, Inc. to build a 90MW net-zero Tier 3 data center in the Permian Basin underscores its commitment to sustainable innovation. This project aims to combine high-performance computing with NEH's extensive helium and natural gas reserves, potentially offsetting approximately 250,000 metric tons of CO2 annually through carbon capture technology.

E. Will Gray II, Chairman and CEO of New Era Helium, emphasized the significance of the Nasdaq listing, stating it would enhance the company's public profile within the industry and broaden its reach to institutional investors in the AI datacenter and helium markets. This move is expected to further underscore the value of NEH's assets and forward-looking projects.

The completion of this business combination and subsequent Nasdaq listing comes at a crucial time for the helium industry. As global demand for helium continues to rise, driven by its essential role in various high-tech applications including MRI machines, semiconductor manufacturing, and space exploration, New Era Helium is well-positioned to play a pivotal role in meeting this demand.

Furthermore, the company's focus on the Permian Basin, known for its rich natural gas reserves, aligns with the growing interest in domestic helium production. This strategic positioning could prove vital as industries seek to secure stable and reliable helium supplies, reducing dependence on foreign sources.

The implications of New Era Helium's enhanced market position extend beyond the company itself. As a consolidator in the helium and natural gas production sector, NEH's growth could potentially influence market dynamics, pricing, and supply chains within the industry. Additionally, the company's commitment to sustainable practices, as evidenced by its planned net-zero data center project, aligns with broader industry trends towards reducing carbon footprints in energy production.

As New Era Helium embarks on this new chapter as a publicly traded company, industry observers will be watching closely to see how it leverages its assets and strategic partnerships to capitalize on the growing demand for helium in high-tech industries. The success of NEH could serve as a bellwether for the broader helium industry and its ability to meet the challenges of increasing demand in an environmentally conscious manner.