AXP Energy Limited announced that it has signed a Binding Heads of Agreement (HOA) with Elite Mining Inc. (`EMI') to provide gas to EMI's in-situ power generation for the large and growing cryptocurrency mining sector in the United States. Whilst the HOA, executed 12 August 2021 and with a term of 3 years, is binding, it remains subject to the satisfaction of certain conditions, including signing a definitive agreement to replace the HOA by 31 December 2021. The definitive agreement is expected to be signed within 60 days. The HOA provides the necessary flexibility for the parties to establish each new and unique mining installation, expansion of existing sites and, in the future, to leverage its expertise operating remote, well-site power generators, (of which the company currently has 5 in Kentucky) whilst at the same time expanding the company's gas production footprint.