With over 137,000 acres in Southeast New Mexico and 1.5 billion cubic feet of proved and probable helium reserves, NEH is well-positioned to drive growth in this critical sector, expected to see a surge in demand amid growth in data centers powering artificial intelligence. CONTINUED… Read these FULL press releases for New Era Helium at: In other developments and happenings in the market recently include: Roth CH Acquisition V Co.(NASDAQ: ROCL) recently announced that Sharon AI, Inc.("Sharon AI”) a High-Performance Computing business focused on Artificial Intelligence, Cloud GPU Compute Infrastructure, and Cloud Storage and New Era Helium Corp.(NASDAQ:NEHC), an industrial gas business that currently produces helium and natural gas, have executed a non-binding letter of intent to form a joint venture for the design, development, and operation of an initial 90MW net-zero energy data center in the Permian Basin.
Begins Trading on the Nasdaq Under Symbol "NEHC”- New Era Helium Corp.(NASDAQ:NEHC) (NASDAQ:NEHCW) ("NEH,” "New Era Helium” or the "Company”), an exploration and production company sourcing helium produced in association with the production of natural gas reserves within the Permian Basin, is pleased to announce it has closed on its previously announced business combination with Roth CH V Holdings, Inc.("Holdings”), and Roth CH Acquisition V.Co.(NASDAQ:ROCL; ROCLU and ROCLW) (the "Business Combination"), in which NEH merged with Roth CH V Merger Sub Corp., a wholly-owned subsidiary of Holdings.
As part of the JV, New Era Helium will enter into a gas supply agreement with the JV at a mutually agreed fixed cost for five years plus three options of five years each.Pulsar Helium Inc.(OTCQB: PSRHF) (TSX-V: PLSR), the helium project development company, recently announced that its wholly owned Minnesotan subsidiary, Keewaydin Resources Inc., has signed an agreement (the "Agreement”) with Earthly Labs, a subsidiary of Chart Industries (GTLS, market capitalization approx.USD$7.1 billion), a leading supplier of industrial gas processing plant and equipment.
The story "Demand For Helium is Becoming an Extremely High-Value Commodity and Billion Dollar Industry" has 2560 words across 72 sentences, which will take approximately 11 - 22 minutes for the average person to read.
Which news outlet covered this story?
The story "Demand For Helium is Becoming an Extremely High-Value Commodity and Billion Dollar Industry" was covered 2 weeks ago by GlobeNewswire, a news publisher based in China.
How trustworthy is 'GlobeNewswire' news outlet?
GlobeNewswire is a fully independent (privately-owned) news outlet established in 1998 that covers mostly technology news.
The outlet is headquartered in China and publishes an average of 2 news stories per day.
It's most recent story was published 10 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
