An update from Desert Mountain Energy Corp ( (TSE:DME) ) is now available.
Desert Mountain Energy Corp. has entered into an exclusive licensing agreement with Hethos Ltd. for a helium extraction plant design in South West England. This agreement allows Desert Mountain Energy to receive a 5% royalty on helium gases extracted and participate as an operator in projects within the designated area. The plant is designed to be energy-efficient, utilizing alternative energy sources like solar and wind power, which aligns with the company’s focus on sustainable practices. This strategic move enhances Desert Mountain Energy’s operational flexibility and positions it favorably in the helium and hydrogen exploration and production sectors.
More about Desert Mountain Energy Corp
Desert Mountain Energy Corp. is a publicly traded resource company focused on the exploration, development, and production of helium, hydrogen, and natural gas. The company aims to extract helium from various raw gas sources in an environmentally and economically sustainable manner, supplying critical elements to the renewable energy and high technology industries.
YTD Price Performance: -26.67%
Average Trading Volume: 65,898
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$19.86M
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