DESERT MOUNTAIN ENERGY CORP. UPDATE ON THE McCAULEY HELIUM PROCESSING FACILITY
Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) announced that its contractor GENERON is nearing completion of the McCauley Helium Processing Facility, with testing scheduled to begin by November 18, 2022. The facility's infrastructure is complete, and modular units are set to enhance helium production for Arizona end-users. The CEO, Robert Rohlfing, described this as a significant milestone, marking the company's commitment to becoming a primary helium producer. Additionally, testing of new zones at the Gunnar Dome well is expected to yield results by the end of November.
- Completion of infrastructure for the McCauley Helium Processing Facility.
- Testing of the plant to begin by November 18, 2022, demonstrating progress.
- Plant expected to enhance helium production for end-users in Arizona.
- CEO highlights significant milestone in the company's evolution.
- Testing issues could arise that may delay final testing before shipment.
- Potential risks associated with forward-looking statements related to drilling and exploration.
TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
VANCOUVER, BC, Nov. 11, 2022 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01) From the President of the Company, November 11, 2022 - The Company is pleased to announce its plant build contractor, GENERON, is completing assembly and will begin testing of the plant by 11/18/2022. It is expected that the testing of all modular units will be completed by 11/29/2022. Once testing is completed, any issues which may arise during testing will be addressed before the final runup test prior to shipping.
The infrastructure for the McCauley Helium Processing Facility is completed and awaiting delivery of the four modular housing units containing all the components necessary to finish helium to end-user specifications. Site preparation included fencing, road work, gravel foundation, flow line trenching and installation. The plant will initially use natural gas generators to power the unit. DME has taken delivery of the solar panels; battery storage will be delivered in the new year.
"This is a major milestone in the evolution of DME," says Robert Rohlfing, CEO of Desert Mountain Energy Corp. "This plant is the first of several that we plan to commission over the next few years. The commissioning of this plant is the culmination of years of research and development, resulting in a vertically integrated primary producer of helium servicing Arizona end-users."
The Company has tested additional zones in the Gunnar Dome well with flow sampling of gas and it is expected to have those results by the end of November. The rig was released.
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.
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 status of the McCauley Helium Processing Facility as of November 2022?
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What are Desert Mountain Energy's plans for helium production in Arizona?
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