Desert Mountain Energy Corp. Expands Helium and Hydrogen Operations Internationally
Key Ideas
  • Desert Mountain Energy Corp. achieved a milestone with the departure of its first helium trailer from its New Mexico facility, marking progress in its operations.
  • The company has formed Desert Energy UK Ltd. to explore helium and hydrogen in Devon, UK, securing a substantial exploration license of 370 square miles.
  • DME has signed a Memorandum of Understanding with Hethos Ltd. to jointly explore and produce helium and hydrogen in the UK and the United States, with a focus on minimal capital expenditure.
  • Investments in technology development and strategic partnerships aim to develop cost-effective extraction technologies, with field testing planned in Arizona and New Mexico from Q4 2025 to Q2 2026.
Desert Mountain Energy Corp. has provided updates on its operations, legal matters, and strategic initiatives in Arizona, New Mexico, and the United Kingdom. The company announced the departure of its first helium trailer from its New Mexico processing facility, marking a significant milestone in its operations. Additionally, Desert Mountain Energy Corp. formed Desert Energy UK Ltd., a wholly-owned subsidiary, to explore helium and hydrogen in Devon, UK. This new entity has secured a substantial onshore exploration license, positioning the company to engage with UK governmental agencies for geophysical work in the region. Furthermore, DME has signed a Memorandum of Understanding with Hethos Ltd. to jointly explore and produce helium and hydrogen in the UK and the United States. Discussions with UK regulatory bodies are underway to support these efforts, with minimal capital expenditure expected from DME. The company is also focusing on technology development and strategic partnerships, including investments in innovation through non-disclosure agreements for cost-effective helium and hydrogen extraction technologies. Field testing of new equipment is planned in Arizona and New Mexico, with development costs covered by partner grants. Moreover, Desert Mountain Energy Corp. is collaborating with Hethos Ltd. to develop a passive tool for detecting commercial helium and hydrogen deposits at depth, with discussions ongoing with universities in the US and Europe. This research initiative is expected to require minimal financial investment, aligning with the company's prudent approach to capital allocation. Desert Mountain Energy Corp. remains committed to advancing its helium and hydrogen projects responsibly while fostering strategic partnerships and technological innovation, with updates to be provided as developments unfold.
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