New Era Energy & Digital Inc. (NASDAQ: NUAI) announced a settlement agreement that would resolve claims against the company in a New Mexico lawsuit. The agreement requires the company to pay $1 million to the bankruptcy trustee for Acacia Resources and Acacia Operating Company within five business days of court approval.

The settlement would dismiss five claims against New Era related to alleged violations of the Uniform Voidable Transactions Act. Ron Satija, the bankruptcy trustee, filed a motion on May 22 seeking court approval for the agreement, which would release New Era and related parties from trustee-controlled claims in the lawsuit.

The company expressly denies any liability or wrongdoing in connection with the settlement. The agreement remains subject to approval by the U.S. Bankruptcy Court for the Western District of Texas.

The New Mexico lawsuit involves allegations concerning legacy helium and gas assets and environmental obligations. While the settlement would dismiss claims against the company, three separate claims against CEO E. Will Gray II in his individual capacity remain active, which he plans to contest in court.

New Era operates as a developer of digital infrastructure and power assets, including a planned 438-acre data center campus in Ector County, Texas, with anticipated capacity of 1.4 GW across multiple development phases.

The settlement motion is available through the PACER court filing system. The information is based on the company's press release statement.