ASPI subsidiary signs first helium take-or-pay contract at >$600/MCF, Phase 1 on track for Q3 2026

Filed June 23, 2026 · Period ending June 23, 2026 · ~1 min read

Key Changes

• high

  Tetra4 secured a five-year take-or-pay helium contract at >$600/MCF (plant-gate basis), covering ~15% of Phase 1's 70 MCF/day capacity, with commercial production targeted for Q3 2026.

  Exhibit 99.1 verify on EDGAR →
• high

  Phase 1 drilling hit required flow rates in March 2026, with recent wells achieving up to 16x higher flow than earlier wells after engaging U.S. drilling specialist Kinley Exploration.

  Exhibit 99.1 verify on EDGAR →
• high

  Phase 2 construction expected to start 2H 2026, scaling output 13x to 900 MCF/day helium and 34,000 GJ/day LNG, backed by conditional approval for $750M senior debt ($500M DFC, $250M Standard Bank).

  Exhibit 99.1 verify on EDGAR →