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Desert Mountain Energy Selects Processing Plant Builder
Desert Mountain Energy Selects Processing Plant Builder Canada NewsWire ...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"\n \n \n \n Desert Mountain Energy Selects Processing Plant Builder\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n TSX.V: DME\n \n U.S. OTC: DMEHF\n \n \n Frankfurt\n \n : QM01\n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 17, 2021\n \n /CNW/ -\n \n DESERT MOUNTAIN ENERGY CORP.  (the \"Company\")\n \n (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01)\n \n From the President of the Company.\n \n \n \n The Company is pleased to announce that it has selected GENERON as the main contractor for the build-out of its first Solar/Hydrogen powered Helium processing plant, located in\n \n Arizona\n \n . Current supply chain requirements suggest that build-out and delivery will be between 28-30 weeks subject to unforeseeable delivery issues relating to specific materials. When completed, the processing facility's internal green power generation capabilities will provide many years of stable cost-effective operations. Utilization of the solar and hydrogen aspects to meet the electrical demands provides the Company with a long-term solution to ever-rising electrical costs. Further making the Company the first fully vertically integrated, independent exploration, drilling, production and processing company focused on Helium and not as a by-product of normal oil & gas operations. The gas composition results, basically Helium/Nitrogen and no other noble gases, in both well #4 and #2, reduced the complexities and amount of required equipment in addition to lead times for delivery. The lack of high CO2 and other noble gases has also reduced our plant build capital expenditure by 40%. The Company's excellent financial situation continues without any requirement for additional financing. Processing facility, initial site work was completed in September and the final site work for the self-contained processing facilities will begin in 02/22.\n \n \n \n \n UPDATE OF FUTURE DRILLING OPERATIONS\n \n \n \n \n Management had correctly identified and anticipated COVID related issues in regards to the increased demand for qualified, state-approved and l...