MergerJul 8, 2026, 08:32 AM
Onfolio to Combine with Paramount Helium for $3B US Helium Resource
AI Summary
Onfolio Holdings, Inc. announced a binding Letter of Intent with Paramount Helium LLC for a strategic combination. This move aims to establish Onfolio in the $122 billion global industrial gas market by accessing an estimated $3 billion US-based helium resource. The resource, located in Arizona, is estimated to hold over 20 billion cubic feet of helium and more than 50 kg of rare Helium-3, critical for quantum computing and other advanced applications.
Key Highlights
- Onfolio Holdings to combine with Paramount Helium LLC via binding LOI.
- Transaction targets an estimated $3 billion US-based helium resource.
- Paramount Helium to acquire senior debt position of Proton Green, LLC.
- Resource estimated to hold over 20 billion cubic feet of recoverable helium.
- St Johns Dome contains over 50 kg of Helium-3, valued at $10-$20 million per kg.
- Entry into the $122 billion global industrial gas market.
Price Impact
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