Over 57,000 acres of contiguous, unitized helium rights in Arizona’s Holbrook Basin, with multiple drill-ready targets defined through extensive technical de-risking.

Cobalt sits next to proven fields with helium grades up to 8%—we’ve recorded even higher shows.

Cobalt’s Helium Project Sits at the Epicenter of the Highest-Grade Helium in the U.S.

Market Opportunity

Since 2010, helium pricing has increased more than 500%. During Helium Shortage 4.0 from 2022-2023, spot prices reached nearly $2,000/Mcf. Long-term contract prices remain elevated in 2025.

Source: Kornbluth Helium Consulting, LLC

Helium has a fragile & inflexible supply chain.

To prevent the U.S. from becoming a net importer of helium in the future, gas companies seek diversity and reliability of sourcing with low geopolitical risk. Only a few remote locations produce the majority of the helium globally for delivery to hundreds of thousands of customers all over the world.

Top 3 Producers of Global Helium

Exxon Shute Creek USA - ~23%

Qatar Ras Laffan - ~40%

Amur Gazprom - ~20%

23%

40%

20%

Cobalt is Anchored to Proven Analogs & Proprietary Data

Over 12% He concentrations have been discovered by Cobalt’s own deep exploration wells in our 78,000+ acre helium play. Our proprietary data identified 11 distinct helium prospects—3 ready for immediate drilling. Cobalt’s leases comprise of fee (one ranch family only) & state leases. Over 57,000+ contiguous acres have been unitized to form one clean & promising lease opportunity with room for scale.

  • 100% Working Interest

    87.5% Net Revenue Interest

  • Cobalt has acquired our own 71+miles of proprietary 2D seismic data, 240 sq. miles of high-resolution aeromagnetic data and helium soil gas data to better define subsurface structures and de-risk our exploration targets.

  • Cobalt’s own deep exploration wells have shown world-class helium concentrations in multiple reservoirs including the historic Coconino Sandstone in the nearby Pinta Dome which yielded >700 MMcf of helium and the St. Johns field with estimated gas reserves of over 2 Tcf in the fractured granite basement - both located in the Holbrook Basin.

Cobalt’s Helium Play System

3 “Drill-Ready” Prospects

Seismic + High-resolution aeromagnetic + Soil Gas Anomalies = High-Confidence Drill Targets. No other operator in the Holbrook Basin compares to Cobalt’s acquisition of 2D seismic, high-resolution aeromagnetic and helium soil gas surveys to define subsurface structures and de-risk our exploration helium targets. These 3 drill-ready prospects alone have a risked p50 value of >714 MMcf.

Quantum

Why This Opportunity is De-Risked

  • Cobalt hit 10.3% & 12.4% helium in stacked Precambrian targets. Fracture modeling matches helium mass-spec shows

  • NW-SE horizontal aligns with max stress for fracture orientation

  • 354 MMcf risked helium potential targeted in next step

  • At $350 MMcf, P50 risked helium = $123.9M potential value

Neptune

Why Neptune is De-Risked

  • Seismic structure & aeromagnetic closure

  • Soil gas confirms helium migration

  • P50 risked helium = 282 MMcf (6 stacked zones)

  • Analog-based trap type seen in producing fields

  • At $350 MMcf, P50 risked helium = $98.7M

Saturn

Why Saturn is Drill-Ready

  • Strong soil gas anomalies aligns with structural high

  • 5 stacked zones with fractured quartzite and basement targets

  • P50 risked helium = 78 MMcf

  • At $350 MMcf, P50 risked helium = $27M potential value

Cobalt is a Proven Operator

Cobalt has invested our own capital to define and de-risk drill-ready helium prospects. This de-risking includes proprietary drilling, 2D seismic, high-resolution aeromagnetic data, and extensive soil gas analyses. These efforts have yielded clear structural targets and actionable AFE’s with room to scale.

As experienced operators with financial skin in the game, Cobalt has a unique turnkey-ready opportunity.

Meet the Cobalt Team

  • Scott Roller

    BOARD MEMBER

  • Jim Kelly

    BOARD MEMBER

  • Todd Clement

    BOARD MEMBER

  • Scott Bowles

    VP OF OPERATIONS

  • Brian Gambill

    CONSULTANT

  • Mark A.

    ADVISOR

Contact Us

Interested in a high-potential opportunity or reviewing our Investor Presentation? Cobalt is currently engaging with strategic investors to support our next phase of growth. Fill out some info and we will be in touch shortly.