Desert Mountain Energy Corp. Acquires 40 Acres of Land Surrounding McCauley Field
Desert Mountain Energy Corp. has acquired 40 acres of land for developing wells, with drilling scheduled to begin in January 2022. The acquisition aims to secure strategic locations while compensating local landholders fairly. The company is also building the environmentally friendly McCauley Finishing Facility, powered by solar and hydrogen, with an estimated cost of US$7 million. This facility is expected to have a minimal carbon footprint and enhance DME's position as a leading helium producer in North America.
- Acquisition of 40 acres supports future drilling and revenue generation.
- McCauley Finishing Facility to be powered by solar and hydrogen, enhancing sustainability.
- Facility construction cost estimated below US$7 million, promoting cost efficiency.
- None.
TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
VANCOUVER, BC, Nov. 30, 2021 /PRNewswire/ - Desert Mountain Energy Corp. is pleased to announce the purchase of 40 acres of land for drilling of developmental wells the planning to start in January 2022. The Company is pursuing ownership of acreages surrounding future well locations, believing it is in the best interests of both local landowners and the Company. Owning the land will allow the Company easy access and the ability to secure the wells while at the same time paying local landholders fair market value for the properties.
"Desert Mountain Energy is excited about the recent addition to our portfolio as we approach generating revenue in early 2022. We think it's important to build relationships with the local community because it rewards everyone," says CEO of Desert Mountain Energy Corp., Robert Rohlfing. "The landholders are getting a fair deal and we're creating high-paying jobs for local communities; we're securing valuable land and the shareholders can be confident that we are continuing to build the leading helium producer in North America in an environmentally conscious manner."
UPDATE ON THE McCAULEY FIELD FINISHING FACILITY
DME is pleased to announce additional details the purchase and construction of the McCauley Finishing Facility:
- Contractor will be GENERON as previously announced
- The facility will be a new plant designed by Sigit and the DME engineering team
- The facility will be powered by solar panels and hydrogen, produced from the pay zone in Well #2 announced in a previous news release
- Solar and hydrogen power ensures stable electric costs through the life of the facility and will be the first of its kind, in the World, known to the DME management. The facility will have a nearly zero carbon footprint in addition the gas supplying the facility have only fractional hydrocarbons and trace CO2, below any regulatory sequestration requirements.
- The projected cost of the finishing facility and solar farm are estimated to be under US
$7 million . - The finishing facility will be delivered and housed in 4 – 30' storage containers. There will be no permanent building required so at the end of life the site can be returned to its natural state easily and with little cost. The production site has been graded and prepared for delivery and setup.
- The production facility has been designed to allow for additional components to include as more wells are brought on stream. Gas from undrilled additional wells, may have
"DME is an environmentally conscious, vertically integrated company leading North America in producing, finishing and selling helium directly to end-users, including companies in and around Arizona, as well as the US Government, says CEO Robert Rohlfing. "Not only do we look forward to helping ease the shortage and cost of an irreplaceable gas that is essential to our modern high-tech society, but we also look forward to doing so using our own green initiatives. We anticipate the completion of our solar/hydrogen-powered facility and will continue to set the standard as an environmentally conscious resource company."
ABOUT DESERT MOUNTAIN ENERGY
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.
FAQ
What is the purpose of Desert Mountain Energy's land acquisition?
When will Desert Mountain Energy begin drilling on the new land?
What are the features of the McCauley Finishing Facility?
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