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New Era Energy & Digital Issues Statement Setting the Record Straight Regarding New Mexico Civil Complaint
Businesswire· 2025-12-30 00:55
Core Viewpoint - New Era Energy & Digital, Inc. asserts that the civil complaint filed by the New Mexico Attorney General is unfounded and intends to vigorously defend against the allegations [1]. Group 1: Company Response to Lawsuit - The company describes the New Mexico lawsuit as a baseless attack on its leadership and operations, emphasizing its commitment to defend its reputation in court [1]. - New Era has invested over $10 million in state taxes and local businesses in New Mexico since its inception, highlighting its role as a corporate citizen [2]. - The company plans to continue executing its business strategy and delivering value to stakeholders despite the lawsuit [3]. Group 2: Business Operations and Future Plans - New Era is focused on its digital infrastructure business, specifically the development of a 1+ gigawatt hyperscale data center in Ector County, Texas, and has entered into an agreement to acquire a 50% ownership interest in Texas Critical Data Centers LLC [5]. - The company states that the 87 wells mentioned in the lawsuit are immaterial to its current business model and were already in the process of being divested [5]. - New Era emphasizes that it has never been affiliated with the companies mentioned in the lawsuit, asserting that the allegations are based on inaccuracies [5].
DESERT MOUNTAIN ENERGY ANNOUNCES $3.2M NON-DILUTIVE FUNDING AGREEMENT WITH ROSWELL INFORMATION PARK
Prnewswire· 2025-09-30 13:00
Core Insights - Desert Mountain Energy Corp. has signed a non-dilutive funding agreement with Roswell Information Park LLC to support key infrastructure for its projects, with an initial funding commitment of approximately US$3.2 million [1][2]. Pipeline and Power Infrastructure - The agreement includes funding for infrastructure to support a hyperscale AI data center campus, which requires uninterrupted energy delivery [3]. Gas Storage and Development - A geologic study has identified a potential underground natural gas storage unit with a capacity of up to 3.0 Bcf, providing redundancy for the Roswell Information Park during pipeline downtimes [4]. - Development plans include drilling 13 wells to approximately 3,900 feet and constructing a 20-inch pipeline to maintain power supply during critical conditions [8]. Advancing Hydrogen and Emissions Solutions - The proposed storage site is located in a geologic trend identified for white hydrogen, with future assessments planned for hydrogen integration into the gas stream or conversion into power [5]. - The company is collaborating with various stakeholders to incorporate long-term emission control solutions, with costs covered by the Park [6]. Strategic Impact - The non-dilutive funding structure allows the company to secure financial support while preserving shareholder value, with expected new revenue streams from gas storage, pipeline operations, and emission solutions [7][9].