New Era Helium Inc.
07/09/2025 | Press release | Distributed by Public on 07/09/2025 15:13
Termination of Material Agreement (Form 8-K)
Item 1.02 Termination of a Material Definitive Agreement.
On September 1, 2023, New Era Helium Inc., a Nevada corporation ("NEH" or the "Company"), entered into entered into an agreement with Matheson Tri-Gas, Inc. ("MTG"), pursuant to which the Company would supply 50% of the helium produced from the Company's Pecos Slope Plant to MTF. The agreement is contingent on the Pecos Slope Plant commencing operations by July 1, 2025.
On July 2, 2025, MTG exercised its right to terminate the Gaseous Helium Agreement, effective as of that date, because the Pecos Slope Plant had not commenced operations as of July 1, 2025.
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