New Era Helium and Accretion Acquisition Corp. Announce Letter of Intent for Proposed Business Combination

MIDLAND, Texas and DENVER, Oct. 05, 2023 (GLOBE NEWSWIRE)

New Era Helium Corp. (“NEH”) and Accretion Acquisition Corp. (“Accretion”) (Nasdaq: ENER, ENERR, ENERU, and ENERW) are pleased to announce they have entered into a non-binding Letter of Intent (the “Letter of Intent”) for a proposed business combination (the “Business Combination”).

Accretion is a special purpose acquisition company (SPAC) focused on identifying a high-growth company to merge with, while NEH is a leading helium exploration and production company. The Business Combination aims to leverage NEH’s expertise in the helium industry with Accretion’s strategic resources and capital, to create a stronger entity in the market.

Helium is a crucial element used in various industries, including healthcare, technology, and aerospace. With the increasing demand for helium worldwide, this proposed merger could have significant implications for the helium market.

Both companies are excited about the potential growth opportunities that this Business Combination could bring, and they are committed to working towards a successful merger in the near future.

How this will affect me

If you are a stakeholder in either NEH or Accretion, this Business Combination could have a direct impact on your investments. The merger could potentially result in a stronger and more profitable company, leading to increased value for shareholders. It is important to stay updated on the progress of the merger and consider the potential implications for your investments.

How this will affect the world

The helium market plays a critical role in various industries, and a merger between NEH and Accretion could have wide-reaching effects. A stronger and more efficient company in the helium industry could lead to improved supply chain reliability, better pricing for helium consumers, and overall market stability. The impact of this Business Combination could be felt on a global scale, influencing helium-dependent industries around the world.

Conclusion

The proposed Business Combination between NEH and Accretion Acquisition Corp. has the potential to reshape the helium industry and create a stronger entity in the market. With the increasing demand for helium worldwide, this merger could have significant implications for stakeholders and helium-dependent industries. It will be interesting to see how this merger unfolds and the impact it has on the global helium market.