Big Sky Industrial Inc.

Big Sky Industrial Inc. is targeting a first-quarter launch of its Phase I helium and carbon-management operations, which are expected to capture about 125,000 metric tons of carbon dioxide annually. The company has secured an eight-figure, five-year helium offtake agreement with 100% take-or-pay terms at a base price of $285 per thousand cubic feet, and is financing Phase I with approximately $17 million in equity and a $20 million debt facility. Big Sky estimates Phase I could generate roughly $15 million in annual EBITDA and is exploring monetization of its expected 45Q credits for up to $80 million in upfront capital. Expansion depends on completing the processing plant and obtaining approval for the company's carbon-monitoring plan.

Big Sky Industrial Inc. Common Stock reported that its Phase 1 industrial gas and carbon management project in Montana remains on schedule for commissioning later in 2026 and commercial operations in March 2027. The facility is designed to process up to 8 million cubic feet per day, producing helium and capturing approximately 125,000 metric tons of CO2 annually. The company signed a five-year, take-or-pay helium agreement covering all Phase 1 production at a fixed plant-gate price of $285 per Mcf, while estimating roughly $130 million in Section 45Q carbon-credit value over 12 years. Second-quarter revenue was $2.1 million, adjusted EBITDA was negative $0.9 million, and first-half industrial-gas capital spending reached $9.6 million. Liquidity stood at $16.4 million as of August 4 after a $4 million construction-related draw, while Phase 2 remains dependent on future capital availability.