New ERA Energy & Digital, Inc. (NASDAQ: NUAI)

New ERA Energy & Digital Inc. is an exploration and production company focused on the development and extraction of helium, natural gas, oil, and natural gas liquids. The company's primary operations center on its reserves in Chaves County, New Mexico, where it sources helium produced in association with natural gas. Although hydrocarbons currently generate the company's revenue, its strategic focus is shifting toward becoming a dedicated helium supplier through the anticipated operation of its owned processing facility, the Pecos Slope Plant.

The company generates revenue primarily from the sale of raw natural gas and natural gas liquids extracted from its reserves to a third-party processor, IACX Roswell LLC, under a Marketing Agreement. Under this arrangement, New ERA Energy & Digital Inc. does not retain revenue from the helium processed by IACX. Revenue from helium sales is expected to commence upon the completion and operation of the Pecos Slope Plant, which is projected to begin in the second quarter of 2025. The company plans to process helium and natural gas independently at this facility, enabling it to capture value from both hydrocarbons and helium. Additionally, the company intends to diversify revenue by supplying natural gas as feedstock for energy transition products such as blue hydrogen and blue ammonia, and by participating in the Methane Performance Certificate market through responsibly sourced gas designation.

The company operates through the following segments:

• Solis Partners L. L. C. is engaged in helium production with associated natural gas and natural gas liquids.

• NEH Midstream LLC owns and will operate the Pecos Slope Plant and gathering system in Chaves County, New Mexico, and holds the helium offtake and tolling agreements.

New ERA Energy & Digital Inc. positions itself as a emerging player in the helium exploration and production space, seeking to differentiate itself through its substantial reserves of helium associated with natural gas in Southeast New Mexico. The company competes with other helium exploration and production companies that supply helium-containing natural gas to processors and refiners. Its competitive strengths include a reliable inventory of drilling locations, a management team with deep expertise in the global helium business, and strategically located acreage near key helium liquefaction plants in the United States. The company anticipates that, following the launch of the Pecos Slope Plant, it will compete directly with helium processors and refiners in the supply chain.

The company's customer base includes helium processors, refiners, and gas distributors, ranging from Tier 1 multinational companies to Tier 2 and local distributors. Specific prospective customers named in the filing include Air Life Gases USA, Inc. and Matheson Tri-Gas, Inc., with whom the company has entered into contingent agreements to supply 50% of the helium and 50% of the gaseous helium produced from the Pecos Slope Plant, respectively, upon the plant's commencement of operations. The company currently sells its natural gas and natural gas liquids to IACX Roswell LLC under an active Marketing Agreement.