New Era Energy & Digital settles NM lawsuit for $1M; denies liability

New ERA Energy & Digital, Inc.

Company to pay $1.0M to United States Trustee for Acacia bankruptcy estates to settle State of New Mexico's claims.
Settlement subject to Bankruptcy Court for Western District of Texas approval; claims dismissed with prejudice upon payment.
Company expressly denies any liability or wrongdoing; settlement is not an admission.
State of New Mexico retains three claims against CEO E. Will Gray II in his individual capacity; he will defend.
Lawsuit concerns legacy helium and gas assets and associated environmental obligations.

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