Heron Therapeutics enters supply agreement with Patheon and Thermo Fisher
MIDLAND, Texas - New Era Helium, Inc. (NASDAQ:NEHC), currently trading at $0.61 with a market capitalization of $8.84 million, has announced a partnership with PowerForward Energy Solutions to provide 250 megawatts (MW) of generation capacity for a high-performance computing campus in Ector County, Texas. The collaboration, part of a joint venture with Sharon AI, Inc., aims to support the growing demand for artificial intelligence (AI) and cloud computing infrastructure. According to InvestingPro analysis, the company operates with a significant debt burden, which could impact its ability to execute on this ambitious project.
The Memorandum of Understanding (MOU), signed on April 23, 2025, outlines PowerForward Energy Solutions’ commitment to manufacture, install, and operate the generation assets. The initial 100MW is expected to be delivered within 12 months following funding, with full deployment slated for 18 months.
PowerForward Energy Solutions is a collaborative venture between Progen Industries and MBS Engineering, Inc., bringing together extensive experience in distributed power solutions. The project’s progression includes completed environmental assessments and ongoing air permitting planning. Additionally, the joint venture is exploring carbon capture technologies and engaging in discussions with potential customers.
Amidst these developments, New Era Helium has seen changes in its board of directors, with three members stepping down due to conflicts of interest and the company’s expansion into natural gas and digital infrastructure. The company’s stock has experienced significant volatility, with InvestingPro data showing a 94% decline over the past six months and a current price well below its 52-week high of $12.29. Subscribers to InvestingPro can access 13 additional investment tips and comprehensive financial metrics for NEHC.
E. Will Gray II, CEO of New Era Helium, highlighted the strategic importance of reliable power for attracting partners and the ongoing negotiations to secure natural gas supply. Wolf Schubert, CEO of Sharon AI, expressed enthusiasm for the expertise PowerForward Energy Solutions brings to the project.
The founders of PowerForward Energy Solutions emphasized the essential nature of resilient, on-site generation in the context of industrial transformation driven by AI and high-density computing.
New Era Helium is an exploration and production company with assets in the Permian Basin, focusing on helium, power, and data infrastructure. Sharon AI specializes in AI and Cloud GPU Compute Infrastructure, expecting to expand its GPU fleet in 2025.
This news is based on a press release statement and contains forward-looking statements regarding the company’s plans and expectations, which are not guaranteed and may differ from actual future events or results.
In other recent news, New Era Helium has faced significant developments. The company has received a notice from the Nasdaq Stock Market indicating non-compliance with the minimum Market Value of Publicly Held Shares (MVPHS) and Minimum Bid Price Requirement, setting a 180-day compliance period ending on November 12, 2025. Additionally, New Era Helium has amended its equity purchase agreement with an institutional investor, allowing for more flexibility in selling shares and deferring certain principal payments. The company has also announced a delay in the construction of its Pecos Slope Plant, now expected to be operational in Q4 2025 due to financing challenges. Meanwhile, New Era Helium is actively seeking replacements for two board members who recently resigned, with assurances that these changes will not affect its operations or strategic direction. The company is also exploring contingency plans for helium offtake agreements to ensure continuous monetization. Furthermore, its joint venture, Texas Critical Data Centers, has signed a Letter of Intent to acquire land for a data center, aligning with New Era Helium’s diversification strategy. These developments reflect the company’s ongoing efforts to navigate compliance challenges and expand its operations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.