New Era Helium JV TCDC Provides Update on Its 250 MW AI Data Center Campus Development Site
New Era Helium, Inc. (Nasdaq: NEHC) ('NEH' or the 'Company'), a next-gen exploration and production platform in the Permian Basin, today provided an update on the land acquisition for the 250MW AI and HPC data center campus planned by Texas Critical Data Centers LLC ('TCDC'), its joint venture with Sharon AI, Inc.
Due diligence, including the Phase 1 study, on the initial 235-acre site in Ector County has been completed and satisfied. The transaction remains on track, with closing expected on or before the end of the month.
TCDC continues to advance permitting and infrastructure planning as part of its mission to develop its compute campus in the Permian Basin. Additional updates will be provided when available.
About New Era Helium, Inc.
New Era Helium, Inc. is a next-gen exploration and production platform unlocking the full value of its Permian Basin assets. The Company controls over 137,000 acres in Southeast New Mexico, with more than 1.5 Bcf of proved and probable helium reserves sourced alongside natural gas production. Through its joint venture, Texas Critical Data Centers, LLC, NEHC is capturing multi-sector growth across helium, power, and data infrastructure. For more information, visit www.newerahelium.com. Follow New Era Helium on LinkedIn and X.
Cautionary Note Regarding Forward-Looking Statements
This press release contains 'forward-looking statements.' Forward-looking statements reflect the current view about future events. When used in this press release, the words 'anticipate,' 'believe,' 'estimate,' 'expect,' 'future,' 'intend,' 'plan' or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward–looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation: (a) our ability to effectively operate our business segments; (b) our ability to manage our research, development, expansion, growth and operating expenses; (c) our ability to evaluate and measure our business, prospects and performance metrics; (d) our ability to compete, directly and indirectly, and succeed in a highly competitive and evolving industry; (e) our ability to respond and adapt to changes in technology and customer behavior; (f) our ability to protect our intellectual property and to develop, maintain and enhance a strong brand; and (g) other factors (including the risks contained in the 'Risk Factors' section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250711086215/en/
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KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: OIL/GAS ENERGY
SOURCE: New Era Helium, Inc.
Copyright Business Wire 2025.
PUB: 07/11/2025 08:00 AM/DISC: 07/11/2025 08:00 AM
http://www.businesswire.com/news/home/20250711086215/en
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