DESERT MOUNTAIN ENERGY ADVANCES HELIUM AND HYDROGEN OPPORTUNITIES AND PARTNERSHIPS
Rhea-AI Summary
Desert Mountain Energy announces significant expansion and strategic developments in helium and hydrogen operations. The company achieved a milestone with its first helium trailer departure from its New Mexico processing facility.
Key developments include:
- Formation of Desert Energy UK, securing a 370-square-mile exploration license in Devon, UK for helium and hydrogen
- Signed MoU with Hethos for joint exploration in Southwest UK, Northeast Arizona, and Southeast New Mexico
- New technology partnerships for cost-effective helium and hydrogen extraction, with field testing planned for Q4 2025 through Q2 2026
- Collaboration with universities to develop passive detection tools for helium and hydrogen deposits
- Favorable ruling from Arizona Court of Appeals on March 4, 2025, with fee approval on April 7, 2025
The company maintains its focus on environmental and economic helium extraction while expanding international operations. These developments position Desert Mountain Energy for growth in the renewable energy and high technology industries with minimal capital expenditure.
Positive
- First helium trailer successfully departed from New Mexico processing facility
- Secured large 370 square mile exploration license in Devon, UK through new subsidiary Desert Energy UK
- Signed MoU with Hethos Ltd for joint helium and hydrogen exploration in UK, Arizona, and New Mexico
- Won favorable ruling in Arizona Court of Appeals with approved fee request
- New technology development partnership secured with minimal financial outlay due to partner's grants
- Expanding international footprint through UK subsidiary formation
Negative
- Initial geophysical work in UK requires regulatory approvals before proceeding
- New technology field testing won't begin until Q4 2025
- Multiple projects dependent on future regulatory approvals and partnerships
- Operational results and financial metrics not disclosed in the release
News Market Reaction 1 Alert
On the day this news was published, DMEHF gained 0.85%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
TSX.V: DME
Operationally, DME achieved a key milestone this month with the departure of its first helium trailer from its
Formation of Desert Energy
DME is expanding its footprint internationally through the formation of Desert Energy
Hydrogen Exploration in the
Furthering its collaborative approach, DME has signed a Memorandum of Understanding (MoU) on April 24, 2025, with Hethos Ltd. to jointly explore and produce helium and hydrogen in
Technology Development and Strategic Partnerships
DME is also investing in innovation, having entered a non-disclosure agreement (NDA) on April 14, 2025, with private entities to develop cost-effective technologies for helium and hydrogen extraction and exploration. This partnership includes field testing of new equipment in
Additionally, in collaboration with Hethos Ltd., DME is in talks with universities in the US and
Desert Mountain Energy remains focused on responsibly advancing its helium and hydrogen projects while fostering strategic partnerships and technological innovation. The Company will continue to provide updates as developments unfold.
The
The Company remains deeply committed to
ABOUT DESERT MOUNTAIN ENERGY
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 Rohlfing
Exec Chairman & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward looking statements and information herein include but are not limited to statements regarding the Company's anticipated performance in the future the planned exploration activities, receipt of positive results from drilling, the completion of further drilling and exploration work, and the timing and results of various activities.
Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the continued operation of the Company's exploration operations, no material adverse change in the market price of commodities, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to, and nor does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.
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SOURCE Desert Mountain Energy Corp.