New Era Helium Corp. (NASDAQ:NEHC)

Midland, TX – December 7, 2024 – New Era Helium, Inc. (“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. The transaction was approved by ROCL’s stockholders on November 26, 2024.

With the transaction now complete, Holdings has changed its name to “New Era Helium”, The Company’s common stock and public warrants are expected to begin trading on Nasdaq shortly after closing under the symbols “NEHC” and “NEHCW”, respectively. The combined company will operate under the new name, “New Era Helium, Inc.”

The trading of the Company’s shares on Nasdaq represents a pivotal milestone in New Era Helium’s mission to establish itself as a leading consolidator of helium and natural gas production. 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.

Last month [read here], NEH announced a non-binding joint venture with Sharon AI, Inc. (“Sharon AI”) to build a 90MW net-zero Tier 3 data center to be located within the Permian Basin. This joint venture combines Sharon AI’s expertise in high-performance computing with NEH’s extensive helium and natural gas reserves. The state-of-the-art facility will feature a liquid-cooled Tier 3 data center powered by sustainable energy, offsetting approximately 250,000 metric tons of CO2 annually through carbon capture technology.

NEH believes the Nasdaq listing will enhance its visibility and attract U.S. investors interested in energy infrastructure and sustainable innovation, further underscoring the value of its assets and forward-looking projects.

E. Will Gray II, Chairman and Chief Executive Officer of New Era Helium, said: “Our Nasdaq listing marks a significant moment in our corporate journey, enhancing our public profile within the industry, and broadening our reach to institutional investors in the AI datacenter, and Helium markets.Thank you to all of our shareholders and partners whose unwavering support has been instrumental in driving our ongoing success.”

About New Era Helium, Inc. New Era Helium, Inc. is an exploration and production company that sources helium produced in association with the production of natural gas reserves in North America. The Company currently owns and operates over 137,000 acres in Southeast New Mexico and has over 1.5 billion cubic feet of proved and probable helium reserves. For more information, visit www.newerahelium.com. Follow New Era Helium on LinkedIn and X.

Forward Looking Statements‍ This press release contains forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any expected future results, performance, or achievements. Forward-looking statements are typically identified by words or phrases, such as “about,” “believe,” “expect,” “plan,” “goal,” “target,” “strategy,” and similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based on our current estimates or expectations of future events or future results and are subject to risks and uncertainties and actual results could differ materially from those indicated by these statements. including risks relating to our industry, business operations, financing and liquidity, regulation and other risks described in the registration statement. A discussion of these and other factors with respect to the Company is set forth in the Company’s reports filed with the Securities and Exchange Commission. The forward-looking statements included in this press release are made and based on information available at the time of the press release, and the Company assumes no obligation to revise or update any forward-looking statement as a result of new information, future events or otherwise.

Contact Information:
E. Will Gray II, CEO
Will@NewEraHelium.com

Investor Relations
Jonathan Paterson
+1 475-477-9401
Jonathan.Paterson@Harbor-Access.com

SOURCE: New Era Helium

New York, NY – November 12, 2024 – 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. (“New Era Helium,” or
“NEH”), an industrial gas business that currently produces helium and natural gas,
today announce that they 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. The companies are currently negotiating the definitive
joint venture agreement. There can be no assurance that a definitive joint venture
agreement will be executed or that the proposed transaction will be consummated on
the terms or timeframe currently contemplated.

Under the terms of the 50/50 joint venture, the parties will jointly design, build and
operate an initial 90MW power plant and subsequent deployment of Tier 3 data centers.
The JV has identified a suitable site and preliminary specifications for the power plant
and data center infrastructure. Furthermore, the 90MW power plant is expected to
capture approximately 250,000 metric tons of CO2 in order to qualify for certain 45Q tax
credits associated with carbon capture, utilization and storage (CCUS). The JV will
leverage the existing Pecos Slope Field owned and operated by New Era Helium where
it currently produces helium, natural gas liquids and dry natural gas within its 137,000-
acreage position. 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.

Sharon AI will be the exclusive AI/HPC provider and is expected to design, build and
operate the high density, liquid cooled, Tier 3 data center at the project site. Sharon AI
expects to work with its ecosystem partners, including Nvidia and Lenovo, on the data
center, GPU, network architecture and design, which is expected to include Nvidia
Cloud Partner (NCP) reference architecture to deliver optimal performance for AI/HPC
training and inference workloads.

New Era Helium will be the exclusive provider and build partner of the energy
infrastructure required to power the project, including gas-fired power plant design and
construction, CO2 carbon capture and associated pipeline works.

The initial 90MW gas-fired power plant has the potential to expand significantly over
time, with the JV partners working to identify project expansion opportunities, including
with offtake partners, which may include hyperscalers and other large energy users.
Roth CH Acquisition V Co., a publicly traded special purpose acquisition company, and
New Era Helium Corp. signed a definitive agreement for a business combination on
January 4, 2024, that is expected to result in NEH becoming a public company listed on
Nasdaq. On November 6, 2024, the U.S. Securities and Exchange Commission (“SEC”)
declared effective the registration statement on Form S-4 filed by Roth CH’s wholly
owned subsidiary, Roth CH V Holdings, Inc. (“Holdings”). A Special Meeting for Roth
CH’s stockholders to vote on the business combination is scheduled for November 26,
2024.

Wolf Schubert, CEO of Sharon AI Inc. commented: “We are very excited to be
building Tier 3 direct-to-chip liquid cooling data centers in the U.S. with our partners at
New Era Helium, who bring considerable energy infrastructure experience to the joint
venture. Initial planning and scoping is now complete, and we look forward to moving
forward with engineering and offtake discussions.”

E. Will Gray II, CEO of New Era Helium Corp commented: “The Sharon AI
partnership marks an integral step in New Era Helium’s advancement of high-grading
natural gas production into multiple revenue streams and vertical integration into energy
infrastructure. Given the growth in cloud computing and AI, uninterruptible power
remains a critical asset and power, much like helium, remains a critical puzzle piece to
its continued adoption. This JV allows us to take our dry natural gas by-product and
monetize it into power, realizing a much higher net price. Additionally, we are
enthusiastic to partner with the Sharon AI team as they have a proven track record in
the development of high compute datacenters. Our shareholders will benefit from our
joint ownership and partnership in this project and what we anticipate will grow beyond
a 90MW project.”

John Lipman, Co-CEO of Roth CH Acquisition V Co., stated, “We are thrilled to see
New Era Helium and Sharon AI come together on this potential Joint Venture. We see
this as a new revenue, profit, and growth stream for New Era Helium to use its large
natural gas reserves to provide a reliable consistent power energy source to the rapidly
expanding AI Datacenter market. The Sharon AI team has deep sector expertise and
experience in building and managing datacenters, and key partnerships with industry
leaders Lenovo and Nvidia. New Era Helium’s roots in the Permian Basin will provide
this proposed partnership with the strategic know-how and local relationships for power,
supply, and construction.”

About Sharon AI, Inc.

Sharon AI, Inc. is a High-Performance Computing company focused on Artificial
Intelligence, GPU Compute Infrastructure, and Cloud Data Storage. Sharon AI has a
hybrid operational model that sees it deploy in Tier III and Tier IV co-location data
centers as well as design, build and operate its own proprietary Tier 3 data center
facilities. For more information, visit: www.sharonai.com

About New Era Helium Corp.

New Era is an exploration and production company that sources helium produced in
association with the production of natural gas reserves in North America. The company
currently owns and operates over 137,000 acres in Southeast New Mexico and has
over 1.5 billion cubic feet of proved and probable helium reserves. New Era has entered
into a definitive merger agreement for a proposed business combination (the “Proposed
Business Combination”) with Roth CH Acquisition V Co. (Nasdaq: ROCL, ROCLU,
ROCLW) with the Roth CH stockholder vote on the transaction scheduled for November
26, 2024. For more information, visit: www.newerahelium.com

About Roth CH Acquisition V Co.

Roth CH Acquisition V Co. is a blank check company incorporated for the for the
purpose of entering into a merger, share exchange, asset acquisition, stock purchase,
recapitalization, reorganization or other similar business combination with one or more
businesses or entities. Roth CH Acquisition V Co. is jointly managed by affiliates of Roth
Capital Partners and Craig-Hallum Capital Group. Its initial public offering occurred on
December 3, 2021. Roth CH’s vote date on its proposed merger with New Era Helium is
November 26, 2024. For more information, visit https://www.rothch.com/.

Additional Information and Where to Find It
Information contained in this announcement is seperately avaialble by RothCh and its
subsidiary, Roth CH V Holdings, Inc as well as from New Era Helium Corp. Sharon AI
Inc makes no representations with respect of either RothCh and its subsidiary, Roth CH
V Holdings, Inc, or New Era Helium Corp. Interested parties should refer to each of their
respective announcements in relation to the transaction as contained in this
announcement.

In connection with the Proposed Business Combination, RothCh and its subsidiary,
Roth CH V Holdings, Inc. (“Holdings”), have filed with the Securities and Exchange
Commission (the “SEC”) a registration statement on Form S-4 (File No. 333-280591)
(the “Registration Statement”) containing a proxy statement of RothCH that also
constitutes a prospectus of Holdings (the “Proxy Statement/Prospectus”). The
Registration Statement was declared effective by the SEC on November 6, 2024, and
was first mailed to ROCL’s stockholders on or about November 6, 2024.