top of page

New Era Helium to List on the NASDAQ

Private helium explorer, New Era Helium (NEH), is set to go public through a definitive agreement with special purpose acquisition company Roth CH Acquisition V Co. (ROCL). The pre-money valuation of NEH is US$90mm, and upon completion, the combined entity will be listed on NASDAQ as "New Era Helium Corp." The transaction is expected to close in H1'24. NEH's Chairman, Joel Solis, and CEO, E. Will Gray II, will continue to lead the company while appointing Mike Rugen as the new CFO. NEH is building a gas plant in New Mexico on the Pecos Slope Field which contains an average helium concentration of 0.5% and is expected to commence production in Jun’24. The company owns ~137k gross acres on the field and the plant will be able to process 32mmcf/y of helium along with small quantities of methane and NGLs. Notably, NEH has also secured an off-take agreement for 100% of the helium production from the plant. This will be the first helium focused company to be listed on NASDAQ with other companies such as Proton Green and Renergen also bidding for a listing this year.

Want to read more?

Subscribe to to keep reading this exclusive post.

Recent Posts

See All


Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.
bottom of page