Monday, October 03, 2022 2:15:42 PM
The Company is pleased to announce that it has signed a Joint Operating Agreement (JOA) with Beam Earth Ltd. The JOA initially encompasses the shallow hydrogen zones found while drilling in the McCauley helium field. The agreement provides for the Company's continued ability to remain focused on its helium prospects, whilst utilizing Beam Earth ltd. expertise in hydrogen. Furthermore, this agreement provides the basis for opportunities for other JOA's with Beam in jurisdictions outside of Arizona.
"The cooperation of our technical teams provides a like-minded approach to exploration, development and production of helium and the emerging technologies surrounding the optimization of lower cost, naturally occurring hydrogen," says Robert Rohlfing, CEO of Desert Mountain Energy Corp. "We look forward to working together with Beam Earth on the complexity of the geological settings and specific geophysical options required to be able to repeatedly duplicate successful exploration.
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