Desert Mountain Energy Corp V.DME

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

Metals & Mining Industrial Metals & Minerals

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.

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Desert Mountain Energy Corp > Hydrogen

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Comment by Buyhigheatchipson Aug 12, 2022 5:59pm

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Post# 34893026

RE:RE:RE:Hydrogen

Nice close. I wonder how much of the latest bump was hydrogen-related. The IRA just passed in the House.

Buyhigheatchips wrote:

I imagine you just set up a US subsidiary eh?

Anyways the IRA passed the Senate which was the hard part. Will be a boost for the hydrogen side of the business. Im looking forward to hearing more about it from the company.

Buyhigheatchips wrote:

Although I don't know if a Canadian-based company can access US credits. It looks like Canada is working on a clean hydrogen tax credit as well though so hopefully one of them is accessible.

Buyhigheatchips wrote:

I like how we seem to be sort of farming out the hydrogen side of things. Hopefully this speeds up its contribution to revenue.

By the way, it looks like the Inflation Reduction Act is going to pass this weekend. It contains tax credits for clean hydrogen that we may be eligible for.

https://www.jdsupra.com/legalnews/inflation-reduction-act-of-2022-the-7331253/