PetroSun Inc (PSUD)

[RetireSoon2]

Major Financing Announcement

A great deal of information is available in this listing. There is more detail than I will post here. I encourage to read the entire offering through Castle Placement.

https://castleplacement.com/portfolio/arizona-energy-group/

Arizona Energy Partners, LLC (“AEP” or the “Company”) is seeking +/- $110 million of mezzanine debt to develop, process and distribute helium and LNG for its two projects, the “Golden Eagle Gas Field Helium and LNG Project” in Utah ($55 million), and “Concho Dome Holbrook Basin Helium Project” in Arizona ($55 million).

Projects can be funded separately or together

AEP controls over 250,000 acres of some of the most significant helium reserves in the world
Unique vertically integrated business model to take advantage of access to extremely rich helium reserves, efficient air separation and purification technology, and option to acquire selective end-user distribution capabilities

Multi-year off-take purchase agreements have already been executed with Praxair/Linde (Holbrook Basin project) and Uniper (Golden Eagle project), and discussions continue with Airgas/Air Liquide, Matheson/Taiyo Nippon Sanso, and the SK Group (South Korea), among others

End-users such as SpaceX and GE Healthcare have expressed a strong interest in sourcing their helium needs directly from AEP because of the helium shortage and its rising price

The company has invested about $9 million to date