Strategic U.S. Helium Reserve

Strategic U.S. helium,
institutional scale.

Exposure to a high-grade multi-gas reserve in Arizona with ~6% helium, day-one modular liquefaction, and a capital structure built for funds and family offices.

~5.2Bn CBFT Recoverable Helium reserves

100 Premium Locations Mapped

$555M Total Program Raise
($215M Eq + $215M Debt + $125M Sukuk)

Apply to Review Data Room

Managed by Bitkove Management & Covault Management, Administered by NAV, Delaware Fund, Cayman Feeder

The Strategic Gap.

Market Reality

Helium is critical to semiconductors, space, and medical imaging. Supply is tight. Domestic, de-risked supply is rare.

INNOV8 sits on a multi-gas reserve in Arizona with ~6% helium concentration. Geology is validated. Permits are in hand. Offtake is executed.

Investment Thesis

For allocators, the timing is about moving from validated geology into scaled domestic production while supply is structurally constrained.

Asset Profile

Arizona Multi-Gas Reserve.

Resource

~$4B validated in-situ value. Premium-grade helium at ~6% concentration.

Readiness

2 wells drilled. Gas composition matches independent models. Permits ready for 5 more.

Multi-Gas Uplift

Helium anchor. Hydrogen, Argon, Neon, and Nitrogen, Oxygen, Food Grade C02 provide pure upside.

Concentration ~6%

Permian Basin Avg: <1%

Unit Economics.

Liquefaction is not an add-on. Each pad is a self-contained production node enabling premium pricing from day one.

Capex Per Well

~$10.3M

All-in: Drilling (~$2.5M), separation (~$3.8M), and share of shared plant (~$4.0M).

Stabilized Revenue (post royalty and excise tax)

~$6.54M (Helium Gas Form)

Annual run-rate per well (Helium only) at, (Liquid Helium 2-3x this revenue).

Target DSCR

>2.0x

Scaling from ~1.3x as wells and refinery units come online.

Commercial Offtake available immediately upon production of helium

Helium Spot Price $500 - $550 per 1000 MCF (Liquid Helium $1200/1000 MCF).

Semiconductors Aerospace Medical

Capital Plan.

Phase 1 Milestone $60M Equity

Fund 5 wells, install initial refinery modules, bring first revenue online (Year 1).

Full Program $555M

$215M Equity + $215M Senior Secured Debt + $125M Sukuk across 100 mapped locations.

Vehicle Structure

Segregated Cell in INNOV8 RESOURCES SPV (Delaware)
Administered by NAV Fund Administration Group

Investment Tranches.

Equity

Underwritten on helium + conservative multi-gas uplift. Upside scenarios scale with well count.

Target: Growth & Multiples

Senior Secured Notes

7-year fixed coupon, 1st lien on wells/equipment. DSCR modeled ~1.35x - 2.0x+.

Target: Asset-Backed Yield

Engage with INNOV8.

For serious interest, the next step is NDA and data room review. Review geological reports, detailed models, and legal structuring memos.

Step 1

Intro call (30-45 mins) to review resource and structure.

Step 2

NDA & Data Room (Geology, Models, Legal).

Step 3

Technical sessions with operating & structuring teams.

Strategic U.S. helium, institutional scale.