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HOUSTON – August 31, 2023 -- Proton Green, LLC (OTC: CYRB) (“Proton Green” or the “Company”), a leading operator of one of the largest helium and beverage grade CO2 hubs in North America, today announced the first sale of helium produced from its St. Johns Field Phase I Helium Extraction Plant in Arizona.
Production at Proton Green’s Phase I Helium Extraction Plant commenced in July 2023 at its St. Johns Field asset, which spans approximately 170,500 contiguous acres. The St. Johns asset is located in Apache County, Arizona, atop one of the largest helium and carbon dioxide reservoirs in North America, with an estimated 33 billion cubic feet of helium and 517 billion tons of CO2 in accessible reservoirs.
“We are exceptionally proud of our team’s hard work to reach nameplate Phase I production capacity over the last several weeks, as standard ramp and risk management procedures were executed,” said Steve Looper, Chief Executive Officer of Proton Green. “Shortly after beginning helium production, we executed our first sale to one of our fixed-price offtake customers, marking the first commercialization milestone for Proton Green. As we scale production several-fold in the coming quarters, we have a clear line of sight to becoming among the largest Helium producers in North America.
“We are now analyzing our production from Phase I to help optimize the completion of our Phase II infrastructure, for which we expect to begin construction in the coming months. We look forward to continued operational execution in the months ahead as we strive to deliver sustainable, long-term value to our shareholders,” concluded Looper.