Business
Desert Mountain Energy Signs Long-Term Lease Agreement with Roswell Information Park Developer
(via TheNewswire) Vancouver, Canada – TheNewswire - May 29, 2026 — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01)
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"\n \n(via TheNewswire)\n\n\n\n \n\n\nVancouver, Canada – TheNewswire - May 29, 2026 — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) is pleased to announce that it has entered into a 25-year lease agreement with Roswell Information Park LLC (RIP) for a proposed off-grid data center. The agreement further provides for an additional five-year term. The project will be located on property previously purchased by the Company. The approximately 154-acre site near Roswell, New Mexico, is intended for a multi-use development. The property does not include mineral, oil, or gas rights; however, limited water rights are included.\n\n\n\n\n\nThe agreement also addresses two previously signed contracts with RIP. One agreement related to natural gas purchasing and the other to the construction of a gas transportation line. As the selected location is not within the same section, township and range previously planned by the developer, it was agreed that DME will be responsible for developing a new route, determining an appropriate price adjustment for missed payments (please see news releases dated July 2, 2025 and September 30, 2025) and additional pipeline length. A separate long-term gas supply contract is expected to be executed prior to construction and will reflect the forecast long-term demand for natural gas.\n\n\n\n\n\nThe agreement to lease the majority of the property to RIP includes modest monthly lease payments. In addition, DME will receive a 5% management fee on all natural gas used by the facility for the operational lifetime of the project. This fee is irrespective of which entity or entities produce or transport the gas. The agreement also provides for a 2% management fee payable to DME on any excess electricity generated by the operators of the data center and returned to the power grid for the lifetime of the information park. The agreement further includes significant penalty payments payable to DME should the tenant withdraw at any time within the first 24 months. RIP can exercise an option to purchase if a bonus payment is made by a preset date, for a to-be-determined price not to exceed 4X DME’s purchase price for the property. All management and override fees continue for 25 to a maximum of 30 years.\n\n\n\n\n\nRIP continues to work closely with DME in its ...