Business
Ellis Martin Report: Desert Mountain Energy (DMEHF) and Altech Batteries (ALTHF) Sign LOI for New Mexico SNC Battery Plant and REE Project
Malibu, CA, United States (ABN Newswire) - Desert Mountain Energy Corp. (CVE:DME) (OTCMKTS:DMEHF)...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"Ellis Martin Report: Desert Mountain Energy (DMEHF) and Altech Batteries (ALTHF) Sign LOI for New Mexico SNC Battery Plant and REE Project\n\n Malibu, CA, United States (ABN Newswire) - Desert Mountain Energy Corp. (CVE:DME) (OTCMKTS:DMEHF) and Altech Batteries Limited (ASX:ATC) (OTCMKTS:ALTHF) have entered into a Letter of Intent (LOI) to jointly advance a Sodium Nickel Chloride (SNC) battery manufacturing facility and rare earth extraction operation in Roswell, New Mexico, significantly strengthening the clean-energy and critical-minerals pathway between the United States and Australia.\n \n\n The proposed project integrates:\n \n\n Brine-derived sodium chloride and REEs sourced from Desert Mountain Energy's New Mexico operations\n \n\n Altech's proven SNC battery technology, currently being deployed in a $170M plant under construction in Saxony, Germany\n \n\n Closed-loop deionized-water systems suitable for AI data-center cooling, industrial operations, and optimized energy efficiency\n \n\n Localized supply chains and workforce development supporting New Mexico's growing clean-energy economy\n \n\n A non-flammable, fully recyclable alternative to conventional lithium-ion storage\n \n\n A scalable model capable of expansion across the Permian and San Juan basins\n \n\n The project aligns with both federal and state initiatives focused on securing domestic critical-mineral supply chains, accelerating clean-energy adoption, and supporting the rapid growth of AI-adjacent infrastructure.\n \n\n Acknowledgment of State Support\n \n\n Both companies recognize the essential role played by New Mexico Governor Michelle Lujan Grisham and her administration in fostering an environment supportive of clean-energy innovation and economic development across the state.\n \n\n COMMENTS\n \n\n Robert Rohlfing, CEO of Desert Mountain Energy, stated:\n \n\n \"This LOI represents a major step in aligning our unique New Mexico brine resources with Altech's advanced battery technology. The closed-loop water systems, REE recovery potential, and energy advantages make this project a strong fit for the state and for the evolving U.S. clean-energy landscape.\"\n \n\n Altech Batteries management commented:\n \n\n \"We view New Mexico as a strategically positioned location with access to critical inputs, workforce, and infrastructure. This collaboration...