Published by Todd Bush on February 21, 2023
VANCOUVER, BC, Feb. 21, 2023 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (U.S. OTC: DMEHF) (FSE: QM01) From the President of the Company. The Company is pleased to announce that it has been granted an exemption to the 640-acre spacing requirements allowed by the State of Arizona. This exemption will allow the Company to drill wells on 40 acres of spacings as opposed to the usual 1 well per section that is the normal practice allowed by the Arizona Oil and Gas Commission. Flow lines for the 3 proposed hydrogen wells have been trenched and buried to transport the raw gaseous mixture for separation at the McCauley Processing Facility.
>> In Other News: Leilac and Heirloom Partner to Bring Lime-based Direct Air Capture Technology to Market
The plant design allows for the hydrogen to be separated from the other elements while at the same time allowing the capture of both helium and hydrogen for purification. The 640-acre spacing exemption allows DME and Beam Earth Ltd. to explore and better optimize hydrogen and helium discoveries in upper possible formations.
"Beam Earth's expertise in commercializing hydrogen allows us to look at the potential of using the hydrogen and nitrogen found in our fields to investigate the manufacture of ammonia," says Robert Rohlfing, CEO of DME. "The J.O.A. signed between us reduces our costs and supplies the expertise to exploit this discovery."
>> RELATED: Desert Mountain Energy Provides Progress Report on West Pecos Slope ABO Project in New Mexico
A geophysics program will be launched in April 2023, and drilling is planned for early June 2023 with results expected in early July 2023. Furthermore, the Company will be looking to maximize potential development through all available manners including Federal IRA and business development opportunities.
The Company is honoured to be included on the TSX Venture 50 list of top-performing companies. The TSX Venture 50 is a ranking of the top performers among 1649 companies on the TSX Venture Exchange. The companies on this year's list have demonstrated their ability to access capital for growth and scale up their business for success.
Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on exploration, development and production of helium, hydrogen and noble gases. The Company is primarily looking for elements deemed critical to the renewable energy and high technology industries.
SOURCE Desert Mountain Energy Corp.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue ๐ฌ๏ธ Return and Verified Announce First 100% Wind-Powered Direct Air Capture Hub, Designed To Scale to 500,000 Tons Annually ๐ The Importance of Responsible Carbon Removal: Insight...
Inside This Issue ๐ฐ OnStream Receives $26 Million in Federal Funding for Louisiana Offshore Carbon Storage Hub Development and Announces Joint Venture Partnership with Major Midstream Company ๐ Ex...
Inside This Issue ๐ EDF Group and Abraxas Power Corp. Announce Strategic Partnership for the Exploits Valley Renewable Energy Corporation Green Hydrogen and Ammonia Project in Newfoundland ๐ง Hydro...
FLAGSHIPS Wins Prestigious Award at EU Hydrogen Week
The FLAGSHIPS project takes home the Best Outreach Award at EU Hydrogen Week, celebrating its pioneering role in zero-emission waterborne transport and hydrogen innovation. At the EU Hydrogen Week...
Haffner Energy Launches Its Hydrogen Production, Testing and Training Center in Champagne, France
Vitry-le-Franรงois, France โ November 22, 2024, 08:00 am CEST Inaugurated today, Haffner Energy's hydrogen production, testing, and training center is about to start producing renewable hydrogen us...
Sara Nawaz and the Institute for Responsible Carbon Removal are paving the way in a crucial sector: addressing climate change through sustainable and equitable carbon removal practices. With growi...
'Project Concho' Combines Proven DAC Technology, New Local Wind Power And Texas' Carbon Storage Capacity SAN ANGELO, Texas, Nov. 21, 2024 /PRNewswire/-- Carbon capture and removal project develope...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.