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Desert Mountain Energy Enters into Agreement with Beam Earth Ltd. for Hydrogen Production

Desert Mountain Energy Enters into Agreement with Beam Earth Ltd. for Hydrogen Production

DESERT MOUNTAIN ENERGY CORP.  (the “Company”) (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01) From the President of the Company.

The Company is pleased to announce they have entered into an agreement with Beam Earth Ltd. to cooperate and define the commercial possibilities of the Company’s sulphur-free hydrogen discoveries. Beam Earth Ltd. has expertise in cost-effective and innovative methods to produce hydrogen-related products which meld together with the Company’s innovative helium processing facilities. This agreement not only encompasses current Company holdings in Arizona but will also be expanded into other jurisdictions.

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“We look forward to working with a like-minded company that, by design, is also seeking to follow innovative design and ESG policies,” says Robert Rohlfing, CEO of Desert Mountain Energy Corp. “Beam Earth Ltd. has extensive expertise in the hydrogen sector and teaming up with them allows DME to stay focused on the production of helium while at the same time monetizing the potential of our sulphur-free hydrogen assets.”

The Company has proven its ability to find both helium, hydrogen and other noble gases and anticipates that formal separate joint operating agreements will be put into place to cover the specifics for each jurisdiction as they arise. Those specifics will include, geophysical, the scope of the individual project, timing, drilling, testing, participation level based on results, near term and ongoing operational attributes. The Company’s helium processing facility was designed to reduce power consumption by 55% and DME looks forward to the application of the same innovative design input into their hydrogen processing.

Source: PRNewswire


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