Grand Gulf Energy Ltd has secured a Helium Offtake Agreement.

Grand Gulf Energy Ltd (ASX: GGE) announced the signing of a Gas Sales & Processing Agreement with Green Natural Gas LLC, the new owners of the Lisbon Helium Processing Plant. The plant is located 20 miles north and connected by pipeline to the Red Helium project. The GSPA will allow for the immediate monetization of the Red Helium project with minimal capital expenditure in the event of successful commercial gas flow.

It also establishes a partnership with an experienced helium refining facility. The agreement includes standard revenue split terms favoring the producer and standard tariffs for gathering, compression, and processing, with access to premium-grade helium markets and prices. It signifies GNG's recognition of the significant potential of the Red Helium Project and the technical merits of the proposed near-term development activities.

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