Investment-Grade Counterparty: Agreement with an investment-grade global industrial gas company and leading helium distributor, demonstrating strong Counterparty credit quality, commercial validation, and secured access to end markets.
Five-Year, 100% Take-or-Pay Contract: Counterparty obligated to purchase, or pay for if not taken, 100% of helium production over a five-year initial term, materially reducing volume and demand risk.
Fully Contracted Phase 1 Helium Volumes: Up to 1.2 million cubic feet ("MMCF") per month (14.4 MMCF annually), reflecting expected Phase 1 processing capacity and supporting initial commercial operations. This does not include Phase 2 processing capacity, which is anticipated to deliver 2-3x greater processing capacity and is expected to come online in 2029.
Fixed $285/MCF Plant-Gate Pricing: Pricing fixed at $285 per thousand standard cubic feet ("MCF") of contained helium on an all-in plant-gate basis, with no deductions; Counterparty assumes all transportation, processing and downstream costs.
Annual CPI-Linked Price Escalation: Pricing escalates annually beginning March 1, 2028 based on the U.S. Consumer Price Index for All Urban Consumers (CPI-U, U.S. City Average, all items), providing inflation-linked revenue growth over the contract term.
Year-Three Price Redetermination with Right of First Refusal: Either party may request a price redetermination in year three. If the Company solicits third-party offers, the Counterparty has the right to match the most favorable offer at a 5% premium and retain the contract, with such matched pricing effective as of the first day of year four.
"The execution of this ...
