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 to other processing plants. The first plant built by DME 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 Corp. (DME), a Canadian publicly traded company currently producing processed natural gas and helium, and Hethos Ltd, a United Kingdom-registered company. Under the terms of the agreement, DME will receive a 5% royalty on helium gases extracted by the plant, and DME 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.

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