11:52:33 EDT Sun 11 May 2025
Enter Symbol
or Name
USA
CA



Desert Mountain Energy Corp
Symbol DME
Shares Issued 90,258,109
Close 2025-03-03 C$ 0.215
Market Cap C$ 19,405,493
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Desert Mountain enters licensing deal with Hethos

2025-03-03 19:51 ET - News Release

Mr. Robert Rohlfing reports

DESERT MOUNTAIN ENERGY ENTERS INTO LICENSING AGREEMENT WITH HETHOS LTD.

Desert Mountain Energy Corp. has entered into an exclusive licensing agreement with Hethos Ltd. for its proprietary helium extraction plant design, targeting operations in southwest England.

Hethos Ltd. is focused on a cost-effective proprietary process to extract hydrogen and then process it into a form suitable for safe bulk transportation. Desert Mountain Energy's autonomously operating plant is designed to be highly energy efficient, allowing it to operate using alternative energy sources like solar and wind power. This design significantly reduces energy consumption compared with other processing plants. The first plant built by Desert Mountain was initially powered by solar energy in Arizona. However, due to regulatory delays, it was relocated to New Mexico's West Pecos Abo gas field. Currently, it now operates using natural gas from the field. The strategic reduced energy consumption design of the modular plant demonstrates its flexibility and adaptability.

This agreement is between Desert Mountain Energy, a Canadian publicly traded company currently producing processed natural gas and helium, and Hethos, a United Kingdom-registered company. Under the terms of the agreement, Desert Mountain will receive a 5-per-cent royalty on helium gases extracted by the plant, and Desert Mountain retains the rights to participate in and be named as the operator for any or all projects within the designated area of exclusivity. The licensed area covers Cornwall, Devon, Bristol and Gloucestershire, including any offshore prospects that may be drilled from onshore locations. Both companies are exploring opportunities for the exploration, development and production of hydrogen and helium.

About Desert Mountain Energy Corp.

Desert Mountain Energy 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.

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