Published by Todd Bush on March 3, 2025
VANCOUVER, BC, March 3, 2025 /PRNewswire/ – Desert Mountain Energy Corp. (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) has entered into an exclusive licensing agreement with Hethos Ltd. for its proprietary helium extraction plant design, targeting operations in South West England.
Hethos Ltd. is focused on a cost-effective proprietary process to extract hydrogen and then process it into a form suitable for safe bulk transportation. Desert Mountain Energy's autonomously operating plant is designed to be highly energy-efficient, allowing it to operate using alternative energy sources like solar and wind power. This design significantly reduces energy consumption compared to other processing plants.
The first plant built by Desert Mountain Energy was initially powered by solar energy in Arizona. However, due to regulatory delays, it was relocated to New Mexico's West Pecos Abo Gas Field. It now operates using natural gas from the field. The strategic reduced energy consumption design of the modular plant demonstrates its flexibility and adaptability.
This agreement is between Desert Mountain Energy Corp., a Canadian publicly traded company currently producing processed natural gas and helium, and Hethos Ltd., a United Kingdom-registered company. Under the terms of the agreement, Desert Mountain Energy will receive a 5% royalty on helium gases extracted by the plant and retains the rights to participate in and be named as the operator for any or all projects within the designated area of exclusivity.
The licensed area covers Cornwall, Devon, Bristol, and Gloucestershire, including any offshore prospects that may be drilled from onshore locations. Both companies are exploring opportunities for the exploration, development, and production of hydrogen and helium.
>> In Other News: Capito Gives Update on Hydrogen Hub Project
Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on the exploration, development and production of helium, hydrogen and natural gas. The Company is focused on helium extraction from different raw gas sources in an environmental and economic manner, supplying elements deemed critical to the renewable energy and high technology industries*.*
We seek safe harbor
_"Robert Rohlfing"_Robert RohlfingExec Chairman & CEO
SOURCE Desert Mountain Energy Corp.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🍁 Alberta Cuts Carbon Costs to Fast-Track Pathways CCS 🏛️ EU Unveils Sweeping ETS Overhaul With €100 Billion Industrial Decarbonisation Bank 🌱 Consultation: Major Revision to Bio...
Inside This Issue 🔋 IDF, Oaktree to Invest $1.7 Billion in Bloom Energy Fuel Cells for AI Infrastructure 🌬️ Airhive Acquires Carbyon, Creating a European Leader in Low-Cost Direct Air Capture Tech...
Inside This Issue ⚡ ECL and PowerCell Announce 300 MW+ Hydrogen Power Strategic Partnership for AI Data Centers, Supported by Bosch 🍁 Canada, Alberta Ease TIER Carbon Rules to Fast-Track Pathways ...
JERA Co., Inc. (JERA), a global energy leader and Japan's largest power generation company, today announced that it has signed a Memorandum of Understanding (MoU) with Samsung C&T Corporation (...
ZeroAvia and Safran Forge Partnership on Hydrogen-Electric Technologies
ZeroAvia and Safran have announced the launch of a collaboration dedicated to hydrogen-electric propulsion technologies for aviation. This partnership combines ZeroAvia’s cutting-edge expertise in ...
Clean Fuels Welcomes Hawaii Clean Fuel Standard for Alternative Fuels
JEFFERSON CITY, MO, Clean Fuels Alliance America applauds Hawaii Governor Josh Green, M.D., for signing legislation to create a clean fuel standard for the State of Hawaii. This new law will help d...
Air Liquide Invests Over 160M USD in the U.S. to Supply Advanced Chips Manufacturing in Arizona
Air Liquide announces a new investment of over 160 million US dollars to build, own and operate a new large-scale production facility in Arizona to supply essential ultra-high purity gases to the l...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.