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Desert Mountain Energy Corp V.DME

Alternate Symbol(s):  DMEHF | V.DME.WT

Desert Mountain Energy Corp. is a Canada-based resource company primarily focused on the exploration, development and production of helium, hydrogen, natural gas and condensate. The Company is focused on helium extraction from different raw gas sources in an environmental and economical manner by supplying elements deemed critical to the renewable energy and high technology industries. Its Holbrook Basin Helium Project comprises more than 1000,000 acres of key helium prospects under lease. Its West Pecos Slope Abo Gas Field and gas gathering system is located in Chaves County, New Mexico. The West Pecos Gas Field encompasses a vast infrastructure, including 188 wells, over 50 miles of gas collection lines, and 77,000 acres of oil and gas leases. Its secondary focus is developing hydrogen assets located within their helium fields.


TSXV:DME - Post by User

Post by GoldenArmon Jun 15, 2021 10:10am
319 Views
Post# 33387721

From "Looming shortage..." article

From "Looming shortage..." articleCasually referred to by many as “The Saudi Arabia of Helium”, the Holbrook Basin is widely considered to be the world’s best source for Helium. The market demand for this gas is high, given that its physical and chemical properties make it essential in a number of medical, scientific, and industrial applications, from MRI machines to air bags and of course, balloons.

Desert Mountain continues to work in a prime location to capitalize on helium’s rising value. DME will soon complete construction of its helium-separation plant in Navajo County, approximately within one mile of the closest well and is projected to save the Company more than $7.5 million compared with other processing options. Specialized refining techniques and its nearby location will reduce transport costs and increase the value of the produced helium, as Smith’s report stated, by providing industry with a more highly concentrated product.
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