• Transaction Would Position Onfolio to Access an Estimated $3 Billion US-Based Helium Resource



     
  • Targeting Potential Supply Into Semiconductor Manufacturing, Space Exploration, and Aerospace & Defense



     
  • Resource Contains Measured Quantities of Helium-3, a Rare Isotope of Helium Critical to Quantum Computing

     

WILMINGTON, Del., July 08, 2026 (GLOBE NEWSWIRE) -- Onfolio Holdings, Inc. (NASDAQ:ONFO, ONFOW))) (OTC:ONFOP) ("Onfolio" or the "Company"), an owner-operator of cash-generative online businesses, today announced the execution of a binding Letter of Intent ("LOI") with Paramount Helium LLC ("Paramount Helium") that contemplates a strategic combination intended to establish the Company in the $122 billion global industrial gas market. In connection with the strategic combination, Paramount Helium has agreed to terms with the secured creditors of Proton Green, LLC ("Proton Green") to acquire the senior debt position secured by Proton Green’s helium and carbon dioxide assets in North America.

Helium has taken on growing strategic significance for the United States. Under the current administration, US policy has placed increased emphasis on domestic resource independence and supply chain security. Recent disruptions to helium production in Qatar, which accounts for approximately one-third of global supply, have highlighted the vulnerability of relying on concentrated foreign sources. While helium is not currently included on the US Geological Survey’s official critical minerals list, it is widely regarded by industry participants and policymakers as a strategically important resource given its essential role in semiconductor manufacturing, national defense, and aerospace applications, as well as emerging quantum computing technologies. The Company believes that a US-based, domestically controlled resource such as the St Johns Unit could be well positioned to help address this strategic need.

These assets are located within the St. Johns Unit in northeastern Arizona, and are the subject of the agreed terms between Paramount Helium and Proton Green’s creditors relating to the lien over the assets. The resource is estimated to hold recoverable volumes of more than 20 billion cubic feet of helium – approximately ten times the size of the recently privatized US Federal Helium Reserve, and among the largest such resources in North America. If they are successfully developed, the Company believes the resources could support a world class position in the global helium market and the largest single source of production in the North American merchant carbon dioxide market.

In addition to the overall helium resources to be accessed through this new strategy, independent analysis has identified the St Johns Dome to contain the largest identified terrestrial resource of 3He, a rare isotope of helium with particular applications in quantum computing, neutron detection equipment (for tracking nuclear materials) and some approaches to nuclear fusion power generation. The assessment of more than 50 kg in the core development area, with an expected sales value of $10-$20 million per kg, represents a significant potential upside beyond the intrinsic value of the overall helium resources.