Proton Green, an Arizona-based business looking to rapidly scale its helium production and begin beverage grade carbon dioxide (CO2) production, is set to become a publicly traded company.
The news is a result of Proton Green signing a definitive share exchange agreement with Cyber App Solution, through which Cyber App Solutions will acquire Proton Green, with Proton Green shareholders set own around 94.4% of the combined entity.
It is hoped the combined company will become a leader in sustainable helium and beverage grade CO2 production, capitalising on its exclusive resource rights to the 170,500-acre St Johns field in Arizona.
Recognised as one of the largest helium, CO2, and carbon storage reservoirs in North America, the St. Johns field contains an estimated 33 billion cubic feet of helium and nine trillion cubic feet of CO2 in accessible reservoirs.
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