CALICHE DEVELOPMENT PARTNERS PUTS WORLD'S LARGEST HELIUM SALT CAVERN IN SERVICE WITH LONG-TERM LINDE CONTRACT

Group 1 - Caliche Development Partners has commenced helium storage services for Linde at its Golden Triangle Storage complex in Beaumont, TX, which is the world's largest helium storage cavern exceeding three billion cubic feet [1][2] - The new helium cavern has created approximately 65 jobs during construction and has resulted in two full-time positions [1] - The Chief Commercial Officer of Caliche stated that the helium storage facility is expected to positively impact the Beaumont-Port Arthur economy and key industries such as aerospace, electronics, healthcare, and manufacturing [2] Group 2 - Caliche, in partnership with Sixth Street, focuses on the underground storage of natural gas, industrial gases like hydrogen and helium, and carbon sequestration [3] - The company has previously developed and sold its underground storage business, Coastal Caverns, located on the historic Spindletop salt dome in Beaumont [3]