New Era Energy & Digital Announces Final Approval of Settlement Dismissing the State of New Mexico’s Claims Against the Company

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MIDLAND, Texas, July 09, 2026 (GLOBE NEWSWIRE) -- New Era Energy & Digital, Inc. (Nasdaq: NUAI) ("New Era" or the "Company"), a developer of next-generation digital infrastructure and integrated power assets, today announced that the United States Bankruptcy Court for the Western District of Texas has approved New Era's previously disclosed settlement with United States Trustee for the bankruptcy estates of Acacia Resources, LLC and Acacia Operating Company, LLC (the "Trustee"). As previously disclosed, this settlement resolves all trustee-controlled claims in the State of New Mexico's lawsuit against the Company and certain related parties (the "New Era Defendants"). On May 22, 2026, the Trustee filed a motion seeking Bankruptcy Court approval of the Trustee's settlement with the New Era Defendants. The Bankruptcy Court approved the settlement and granted the Trustee's motion entered on July 9, 2026, which renders the settlement final. Pursuant to the settlement agreement, the New Era Defendants will make a total settlement payment of $1.0 million. Of that amount, $350,000 will be paid to the State of New Mexico and $650,000 will be paid to the Trustee on behalf of the bankruptcy estate of Acacia Resources, LLC, with payment to be made within five business days of entry of the order granting approval of the settlement. Following receipt of the settlement payment, the Trustee will release the New Era Defendants from the trustee-controlled claims and take the actions necessary to dismiss those claims with prejudice. The settlement does not constitute an admission of liability or wrongdoing, and the New Era Defendants expressly deny liability. For the sake of clarity, and as previously disclosed, while the settlement dismisses the State of New Mexico's five claims against the Company, the State continues to maintain three claims against E. Will Gray II in his individual capacity. About New Era Energy & Digital, Inc. New Era Energy & Digital is developing large-scale data centers across energy-rich U.S. markets to support AI training and inference workloads. New Era's flagship project, Texas Critical Data Centers, is a 492 acre site located in the Permian Basin, with anticipated capacity scaling to 1.4 GW over time. New Era's strategy is to combine large-acreage sites with flexible power solutions, including behind-the-meter power. New Era's approach is a modular, phased data center deployment model, utilizing best-in-class water efficiency and self-generated power to minimize community impact and accelerate time-to-power for hyperscale, enterprise and edge operators.

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