DESERT MOUNTAIN ENERGY BEGINS FABRICATION WORK ON THE McCAULEY HELIUM PROCESSING FACILITY
Desert Mountain Energy Corp. announced that contractor GENERON has commenced fabrication of the McCauley Helium Processing Facility, the first solar-powered helium processing plant globally. The facility will utilize hydrogen from the McCauley Helium Field as a backup energy source. The engineering design employs mostly off-the-shelf components to ensure efficiency and longevity. The plant's startup is anticipated by Q3 2022. Completion of wells 5, 6, and 7 is also reported, with gas samples sent for analysis. The company's goal is to contribute to solving the critical global helium supply shortage.
- Commencement of fabrication for the world's first solar-powered helium processing facility.
- Utilization of hydrogen from the McCauley Helium Field as a backup energy source.
- Efficient engineering design focused on cost-effectiveness and longevity.
- Scheduled startup completion of the facility in Q3 2022.
- Completion of new wells with gas samples sent for independent analysis.
- None.
VANCOUVER, BC, May 5, 2022 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) From the President of the Company.
Desert Mountain Energy's contractor, GENERON, has begun fabrication of the McCauley Helium Processing Facility. The processing facility is the first solar-powered helium processing facility in the world. In addition to using solar energy, the Company will also use hydrogen that was discovered in the McCauley Helium Field as a backup energy source. To remain efficient and save money, DME's engineering teams designed the McCauley Helium Processing Facility utilizing mostly off-the-shelf components. Connections are designed with the highest structural strengths to ensure a long-life span with multiple redundant critical aspects.
"We are excited that GENERON has begun assembly on the McCauley Helium Processing Facility," says Robert Rohlfing, CEO of Desert Mountain Energy Corp. "DME has proven that we can discover helium and the plant will demonstrate that we can produce, process and sell it directly to end-users. Plant startup, which is scheduled for completion some time in the third quarter, is a major component of our goals. The worldwide helium supply continues to be in critically short supply and DME is striving to be part of the solution."
The Company has also completed work on wells 5, 6 and 7 with flow gas samples being sent by ground transportation to an independent lab for gaseous analysis.
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.
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 Canada and the United States; financial risks due to helium prices, operating or technical difficulties in exploration and development activities; risks and hazards and the speculative nature of resource exploration and related development; risks in obtaining necessary licenses and permits, and challenges to the Company's title to properties.
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.
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