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Business Wire
17 hours ago
- Business
- Business Wire
New Era Helium Rebrands as New Era Energy & Digital, Inc. to Reflect Strategic Focus on Powering Next-Generation AI Data Center Infrastructure; Trading to Begin Under New Nasdaq Ticker NUAI
MIDLAND, Texas--(BUSINESS WIRE)--New Era Helium, Inc. (Nasdaq: NEHC) ('NEHC' or the 'Company'), a next-generation energy exploration and production platform in the Permian Basin, today announced it has changed its corporate name to New Era Energy & Digital, Inc., and will begin trading under its new Nasdaq symbol NUAI, effective August 13, 2025. This rebrand reflects the Company's recent strategic transformation into a vertically integrated energy supplier, creating a platform for next-generation digital infrastructure and integrated power assets, including powered land and powered shells. The Company delivers turnkey solutions that will enable hyperscale, enterprise, and edge operators to accelerate data center deployment, optimize total cost of ownership and future-proof their infrastructure investments. New Era Energy & Digital, Inc. (Nasdaq: NUAI), projects generational AI infrastructure demand will grow exponentially over the next decade, driven by rising capacity and significant increases in sector investment. The Company remains under the same leadership team and continues to execute the strategy it introduced with its Texas Critical Data Centers ('TCDC') project focused on integrating behind-the-meter power (off-grid) and real estate ('Powered Land'), and digital infrastructure tailored for the rapidly expanding AI compute market. Texas Critical Data Centers, currently under development in Ector County, Texas is a scalable, up to 1 gigawatt (GW) AI and high-performance computing (HPC) campus designed to meet accelerating demand for compute capacity and clean energy. Located in one of North America's leading AI corridors, TCDC will deliver liquid-cooled, high-efficiency compute infrastructure with speed, resilience, and sustainability. In line with its strategic focus on power and compute infrastructure, the Company is in discussions with various parties on how best to maximize its natural gas and helium assets. The Company remains committed to the global AI ecosystem, where helium continues to play a crucial role in semiconductor manufacturing and the future growth of AI. The Company will seek to maximize shareholder value of its natural gas and helium assets while pivoting to AI infrastructure development efforts. Updates will be provided as developments occur. An updated website featuring new branding and messaging, along with a revised investor presentation, will be available shortly. E. Will Gray II, CEO of New Era Helium, Inc. commented: 'This name change marks the next chapter. It's a clear signal of who we are and where we're headed. We are the bridge between Silicon Valley and Houston, connecting the compute demands of tomorrow with the energy systems of today, for a shared digital future. With a growing base of vertically integrated assets, from powered land to powered shells, we bring deep infrastructure and energy expertise to help hyperscale, enterprise, and edge operators deploy future-ready HPC campuses faster. Our new name: New Era Energy & Digital, perfectly captures the full breadth of our expanded strategic vision: delivering the physical foundation that powers American innovation.' About New Era Helium, Inc. New Era Helium, Inc. (Nasdaq: NEHC) which will rebrand as New Era Energy & Digital, Inc. (Nasdaq: NUAI) effective August 13, 2025, is a next-generation platform delivering integrated solutions across energy, power, and digital infrastructure. The Company controls over 137,000 acres in Southeastern New Mexico with helium and natural gas reserves. Through its joint venture, Texas Critical Data Centers (TCDC, New Era is advancing a scalable, up to 1GW AI and high-performance computing (HPC) campus to meet surging demand for compute capacity and energy-efficient infrastructure. For more information, visit and follow 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.
Business Wire
29-07-2025
- Business
- Business Wire
New Era Helium's JV Closes on 235-Acre AI Data Center Site in Permian Basin, With Option to Expand to 438 Acres in Total as Buildout Accelerates
MIDLAND, Texas--(BUSINESS WIRE)--New Era Helium, Inc. (Nasdaq: NEHC) ('NEH' or the 'Company'), a next-gen exploration and production platform in the Permian Basin, today announced that Texas Critical Data Centers LLC ('TCDC'), its 50/50 joint venture with Sharon AI, Inc., has closed on the acquisition of 235 acres from Grow Odessa. The acreage is located in Ector County, Texas and is in close proximity to the City of Odessa. TCDC is developing a large artificial intelligence (AI) and high-performance computing (HPC) campus designed to scale beyond 1 GW to meet the surging demand for AI and GPU infrastructure. The facility will integrate advanced energy, cooling, and the potential for CCUS technologies to reduce environmental impact and deliver best-in-class efficiency. Expansion Opportunity TCDC has also signed an exclusive letter of intent (LOI) with Grow Odessa for an additional 203 contiguous acres, expanding the site to 438 acres. The site is strategically located near key infrastructure, including fiber optic cable, multiple large intrastate natural gas transmission lines, and CO₂ pipeline infrastructure. To support the buildout, TCDC will now apply to form an Industrial District with the City of Odessa to facilitate access to municipal services such as water and wastewater treatment. The acreage currently resides within Ector County but just outside the Odessa city limits. Forming the Industrial District will enable TCDC to maintain favorable Ector County zoning regulations rather than adopt City of Odessa zoning—an important advantage for development speed and flexibility. E. Will Gray II, CEO of New Era Helium, Inc. commented: 'Closing on this site marks a key milestone in our strategy to align Permian Basin energy assets with the explosive growth in AI and HPC demand. It advances our long-term vision to transform these resources into critical digital infrastructure, creating a high-impact, future-ready platform that will deliver scalable growth and meaningful value for shareholders.' 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 Follow New Era Helium on LinkedIn and X. About Texas Critical Data Centers (TCDC) Texas Critical Data Centers (TCDC) is a 50/50 joint venture between New Era Helium, Inc. and Sharon AI, Inc., established in 2024 to develop next-generation AI and high-performance computing (HPC) infrastructure in the Permian Basin. TCDC's flagship project is a 250MW data center campus in Ector County, Texas, purpose-built to meet surging demand for AI and cloud GPU workloads. The site will feature advanced natural gas power generation, liquid cooling systems, and the potential for carbon capture integration, delivering scalable, energy-efficient compute capacity. For more information, visit 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.
Business Wire
01-07-2025
- Business
- Business Wire
TCDC, New Era Helium's JV, signs LOI with Leading Global Provider of High Performance Cloud for AI and Modern Workloads for 250MW AI Data Center Joint Venture in the Permian Basin
MIDLAND, Texas--(BUSINESS WIRE)--New Era Helium, Inc. (Nasdaq: NEHC) ('NEH' or the 'Company'), a next-gen exploration and production platform in the Permian Basin, today announced that Texas Critical Data Centers LLC ('TCDC'), NEH's joint venture with Sharon AI, signed a non-binding Letter of Intent ('LOI') with a leading global provider of High Performance Cloud for AI and Modern Workloads, marking a major milestone in NEH's digital infrastructure strategy within the Permian Basin. Under the terms outlined in the LOI, the joint venture contemplates the acquisition of land and a power purchase agreement for up to 250 megawatts of behind-the-meter electricity, purpose-built to support advanced data center operations and next generation compute infrastructure. The prospective customer is rapidly scaling its global AI operations and has identified TCDC's Ector County, Texas location as a potential site to further their efforts within the U.S. TCDC, established in 2024, is advancing the development of a 250MW artificial intelligence (AI) and high-performance computing (HPC) campus in Ector County, Texas. The planned 250MW facility is being designed to meet surging demand for AI and cloud GPU infrastructure, integrating advanced energy and cooling technologies to reduce environmental impact while delivering best-in-class operational efficiency. Work is progressing on final site due diligence on its intitial 235 acres, which is set to close on or before July 10, 2025. The next project milestones are expected to include updates on natural gas supply and advancing grid interconnection planning. E. Will Gray II, CEO of New Era Helium, Inc. commented: 'This agreement marks a pivotal step in aligning our energy platform with the surging demand for AI infrastructure. By combining our strategically located assets in the Permian Basin with a next-gen AI partner, we're unlocking a powerful opportunity to participate in the digital buildout of tomorrow's economy right at the intersection of energy and innovation.' 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 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.
Business Wire
12-06-2025
- Business
- Business Wire
New Era Helium Advances Hyperscaler Discussions and Prepares for Board Expansion to Accelerate AI Infrastructure Strategy in the Permian Basin
MIDLAND, Texas--(BUSINESS WIRE)--New Era Helium, Inc. (Nasdaq: NEHC) ('NEHC' or the 'Company'), a next-gen exploration and production platform in the Permian Basin, today announced that Texas Critical Data Centers, LLC ('TCDC') its joint venture with Sharon AI, Inc., is in active discussions with certain large enterprise customers to anchor its planned AI infrastructure buildout in Ector County, Texas. While no formal agreement has been signed, the Company is actively working to align TCDC's Permian Basin AI Infrastructure efforts with the needs of a large-scale, high-performance computing (HPC) development. As part of these discussions, TCDC is pursuing additional land in close proximity to the current site with the goal of scaling the data center campus to potentially support significant expansion of powered capacity. This could represent a transformative digital infrastructure footprint in the Permian Basin that will link abundant local energy in the Permian Basin with the surging demand for AI compute. In addition, the Company has also identified three new board candidates with expertise spanning energy, infrastructure, and digital innovation. The Company is completing final due diligence, and the appointments are expected to reinforce the Company's governance and long-term growth strategy. E. Will Gray II, CEO of New Era Helium, Inc., commented: 'Our vision is to power the next era of AI infrastructure from the heart of America's energy backyard, the Permian Basin. Interest in Texas Critical Data Center validates the value of our location and our strategy. We're committed to building out a scalable, resilient platform to meet the rising energy demands of AI.' 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 Follow New Era Helium on LinkedIn and X. Forward Looking Statements: This press release may contain forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms 'believe,' 'estimate,' 'project,' 'anticipate,' 'expect,' 'seek,' 'predict,' 'continue,' 'possible,' 'intend,' 'may,' 'might,' 'will,' 'could,' would' or 'should' or, in each case, their negative, or other variations or comparable terminology. These forward looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our product candidates, commercialization objectives, prospects, strategies and the industry in which we operate. Forward-looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will be achieved. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements.
Associated Press
29-04-2025
- Business
- Associated Press
New Era Helium Receives Approval for Approximately 120 Miles of Rights-of-Way to Support Midstream Business Unit and Responsibly Sourced Gas Initiatives within the Pecos Slope, Permian Basin
MIDLAND, Texas--(BUSINESS WIRE)--Apr 29, 2025-- New Era Helium, Inc. (Nasdaq: NEHC) ('NEH' or the 'Company'), an exploration and production (E&P) company sourcing helium from natural gas reserves in the Permian Basin, today announced it will commence its infrastructure buildout within the Pecos Slope Field within the next two weeks as it has secured approval for approximately 120 miles of Rights-of-Way (ROW) in collaboration with the U.S. Department of the Interior's Bureau of Land Management (BLM) Pecos District Office. This major milestone supports the Company's efforts focused on delivering Responsibly Sourced Gas (RSG) and Responsibly Sourced Helium (RSH™). NEH is advancing plans to replace the aging gathering infrastructure originally installed in the early 1980s, which currently poses significant inefficiencies and environmental concerns. The legacy system, owned and operated by a third party, experiences approximately 25% Field Loss and Unaccounted For (FL&U) gas, leading to substantial financial and environmental impacts. For example, NEH's current daily production of approximately 4,000 Mcfpd, combined with a 25% loss, results in approximately 30,000 Mcf of monthly vented methane ('Ch4') equivalent to the CO₂ emissions produced by approximately 37,905 passenger vehicles per year. These estimates reflect the Company's production and does not take into account the remaining volumes that are gathered and treated by this aging system each day. With this new infrastructure, NEH Midstream LLC, New Era Helium's wholly owned subsidiary, aims to minimize methane emissions, positioning its production for RSG certification and enhancing the value of its helium as RSH™, a designation trademarked by the Company. Since 95% of the world's helium is produced alongside natural gas, NEH sees a major opportunity to lead the industry in both reducing emissions alongside creating Methane Performance Certificates (MPCs), similar to carbon credits. NEH has been granted an initial six-month window by the BLM to temporarily shut in its wells during the installation of the new gathering system, should it elect to utilize this option. The Company is also working closely with the New Mexico State Land Office to ensure alignment with regulatory standards. Expected regulatory updates within the next 90 days could further streamline pipeline installations, potentially reducing project costs and timelines. In parallel, NEH is finalizing design optimizations with its plant manufacturer, Arjae Design Solutions, focusing on enhancing helium purity at the plant's tailgate. The Company remains committed to begin helium sales in late Q4 2025, pending timely construction progress. Additional updates will be provided in the coming weeks. E. Will Gray II, CEO of New Era Helium, Inc., commented: 'Reducing fugitive methane emissions is critical to our environmental stewardship goals and supports our broader mission to deliver responsibly sourced products. Methane has a significantly higher global warming potential than CO₂ and modernizing the Pecos Slope Field's infrastructure will not only improve operational efficiency but also greatly reduce the region's carbon footprint, located within southeastern New Mexico portion of the Permian Basin, while positioning us to meet evolving regulatory standards and enhance long-term value for our stakeholders.' About New Era Helium, Inc. New Era Helium, Inc. is an exploration and production company that sources helium produced in association with the production of natural gas reserves in North America. The company currently owns and operates over 137,000 acres in Southeast New Mexico and has over 1.5 billion cubic feet of proved and probable helium reserves. For more information, visit 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 CONTACT: Investor and Media Contact: Investor Relations [email protected] Tel +1 475 477 9401 KEYWORD: UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: OIL/GAS ENERGY SOURCE: New Era Helium, Inc. Copyright Business Wire 2025. PUB: 04/29/2025 07:30 AM/DISC: 04/29/2025 07:29 AM
