Bullboard - Stock Discussion Forum 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... see more

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TSXV:DME - Post Discussion

Desert Mountain Energy Corp > Hydrogen

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Post by Buyhigheatchips on Aug 05, 2022 8:31am

Hydrogen

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/

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Comment by Buyhigheatchips on Aug 05, 2022 11:11am

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.

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Comment by Buyhigheatchips on Aug 08, 2022 10:29am

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.

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