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MIDLAND, Texas - New Era Helium, Inc. (Nasdaq:NEHC) announced Tuesday it will change its corporate name to New Era Energy & Digital, Inc. and begin trading under the new ticker symbol NUAI on Nasdaq effective August 13, 2025.
The company said the rebranding reflects its strategic transformation into a vertically integrated energy supplier focused on next-generation digital infrastructure and integrated power assets. New Era will continue to operate under the same leadership team while executing its strategy centered on the Texas Critical Data Centers (TCDC) project. InvestingPro analysis reveals the company faces significant financial challenges, with a weak overall financial health score of 0.42 and concerning cash burn rate.
The TCDC project, under development in Ector County, Texas, is designed as a scalable AI and high-performance computing campus with capacity of up to 1 gigawatt. The facility aims to provide liquid-cooled computing infrastructure for the AI market.
"This name change marks the next chapter. It’s a clear signal of who we are and where we’re headed," said E. Will Gray II, CEO of New Era Helium, in the press release. "We are the bridge between Silicon Valley and Houston, connecting the compute demands of tomorrow with the energy systems of today."
The company also indicated it is in discussions regarding its natural gas and helium assets, stating it will seek to maximize shareholder value from these holdings while focusing on AI infrastructure development.
New Era currently controls over 137,000 acres in Southeastern New Mexico with helium and natural gas reserves. The company said an updated website featuring new branding and a revised investor presentation will be available soon.
The announcement was made through a company press release.
In other recent news, New Era Helium Inc. announced the termination of a supply agreement with Matheson Tri-Gas, Inc. due to delays in the Pecos Slope Plant’s operations. The agreement required the plant to begin operations by July 1, 2025, a condition that was not met, leading Matheson Tri-Gas to end the contract effective July 2, 2025. Additionally, New Era Helium has updated its equity purchase agreement with an institutional investor, allowing for the issuance and sale of up to $75 million in common stock. To date, the company has sold shares totaling approximately $8.59 million under this facility.
In another development, New Era Helium’s joint venture, Texas Critical Data Centers LLC, signed a non-binding Letter of Intent with a global provider of cloud services for AI workloads. This agreement involves plans for land acquisition and a power purchase agreement to support data center operations in Ector County, Texas. The company also amended the employment agreement with its CEO, E. Will Gray II, to include relocation expenses. These developments reflect New Era Helium’s ongoing strategic efforts in various sectors.
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