New Era Helium Completes Business Merger, Set to Trade 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 journey to become a leading consolidator of helium and natural gas production. The merger, approved by stockholders on November 26, 2024, paves the way for NEH to begin trading on the Nasdaq stock exchange under the symbols "NEHC" for common stock and "NEHCW" for public warrants.

The completion of this transaction positions New Era Helium at the forefront of the helium production industry, with over 137,000 acres in Southeast New Mexico and 1.5 billion cubic feet of proved and probable helium reserves. This strategic move comes at a crucial time when the demand for helium is expected to surge, particularly due to the growth of data centers powering artificial intelligence technologies.

The company's Nasdaq listing is anticipated to enhance its visibility and attract U.S. investors interested in energy infrastructure and sustainable innovation. This increased exposure could prove vital as NEH pursues ambitious projects, including a recently announced non-binding joint venture with Sharon AI, Inc. to construct a 90MW net-zero Tier 3 data center within the Permian Basin.

This joint venture represents a significant step towards combining helium production with cutting-edge technology applications. The planned data center aims to leverage Sharon AI's expertise in high-performance computing while utilizing NEH's extensive helium and natural gas reserves. The facility is designed to be powered by sustainable energy and is expected to offset 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 importance of the Nasdaq listing, stating that it enhances the company's public profile within the industry and broadens its reach to institutional investors in both the AI datacenter and helium markets. This move is expected to underscore the value of NEH's assets and forward-looking projects.

The merger and subsequent listing come at a time when the helium market is facing increasing demand pressures. Helium's unique properties make it essential in various high-tech applications, including MRI machines, semiconductor manufacturing, and rocket propulsion. With the rapid expansion of data centers to support AI technologies, the demand for helium in cooling systems is expected to grow significantly.

New Era Helium's strategic positioning in the Permian Basin, coupled with its substantial helium reserves, places the company in a strong position to capitalize on these market trends. The company's focus on sustainable practices, as evidenced by the planned net-zero data center, also aligns with growing investor interest in environmentally responsible energy production.

As New Era Helium transitions to public trading, industry observers will be watching closely to see how the company leverages its newly acquired status to drive growth and innovation in the helium production sector. The success of NEH's strategies could have far-reaching implications for the future of helium supply in an increasingly technology-driven world.