Desert Mountain Energy Expands Internationally and Invests in Technology for Helium and Hydrogen Exploration
Key Ideas
  • Desert Mountain Energy achieved a significant milestone with the departure of its first helium trailer from its New Mexico processing facility.
  • The company formed Desert Energy UK Ltd. to explore helium and hydrogen in the UK, securing a substantial exploration license in Devon.
  • DME signed a Memorandum of Understanding with Hethos Ltd. to jointly explore and produce helium and hydrogen in the UK, Arizona, and New Mexico, with minimal initial capital expenditure.
  • Investments in technology development include partnerships for cost-effective extraction technologies and collaboration with universities for research on detecting commercial helium and hydrogen deposits.
Desert Mountain Energy Corp. has shared recent developments in its operations, legal matters, and strategic initiatives in Arizona, New Mexico, and the UK. Operationally, the company marked a key milestone with the departure of its first helium trailer from its New Mexico facility. They have established Desert Energy UK Ltd., a subsidiary focusing on exploration in the UK, securing a substantial exploration license for helium and hydrogen in Devon. Desert Mountain Energy has signed a Memorandum of Understanding with Hethos Ltd. to explore and produce helium and hydrogen in various regions. Additionally, the company is investing in technology development through partnerships to extract helium and hydrogen more efficiently. They are also collaborating with universities to develop tools for detecting commercial helium and hydrogen deposits. The company also received a favorable ruling from the Arizona Court of Appeals, allowing them to continue their operations in the state. Desert Mountain Energy remains committed to advancing its projects responsibly and fostering strategic partnerships and innovation.
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