NEHC News & Events

New Era Helium provided an update on the land acquisition for the 250MW AI and HPC data center campus planned by Texas Critical Data Centers, its joint venture with Sharon AI. 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.

New Era Helium announced that Texas Critical Data Centers, its joint venture with Sharon AI 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 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.

New Era Helium 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 in collaboration with the U.S. Department of the Interior's Bureau of Land Management Pecos District Office. This major milestone supports the Company's efforts focused on delivering Responsibly Sourced Gas and Responsibly Sourced Helium.

New Era Helium provided an update on Texas Critical Data Centers, NEH's data center joint venture with Sharon AI, Inc. Established in 2024 TCDC aims to develop a 250MW net-zero AI and high-performance computing facility in Ector County, Texas. The company confirmed that certain closing requirements have commenced on the site. The initial 200-acre acquisition planned by TCDC has expanded to 235 acres by the seller, Grow Odessa. TCDC intends to close on the acquisition within the next 90 days, marking a critical milestone toward construction and commercialization. Along with the closing of the planned data center campus acreage, TCDC is simultaneously advancing other critical components of the company's phase one criteria. These include lit fiber access, finalization of various gas supply agreements, gas transmission line access, specific power plant designs utilizing reciprocating natural gas engines combined with CO2 carbon capture, along with several additional infrastructure and operational items that the Company expects will support the data center. Formal discussions are currently underway with several potential customers as part of the TCDC's go-to-market strategy. The joint venture is targeting the majority of the intended 250 megawatts of power to be operational by December 2026, with the remaining capacity to come online within six months. The facility's power structure will be anchored by reciprocating natural gas engines. TCDC has held extensive conversations with multiple engine providers and intends to enter into a memorandum of understanding with one of these providers within the near future.