Desert Mountain Energy has entered into an agreement with Earl Resources to provide geologic, land, well planning, drilling and completion for the purposes of developing bedded and domal salt cavern energy storage in Arizona and the Southwest.
“DME is pleased to announce the joint venture with Earl Resources Ltd. and the opportunity to participate in their energy storage business,” said Robert Rohlfing, CEO of Desert Mountain Energy Corp. “Our treasury is committed to our plan of becoming a vertically integrated helium producer with the discovery of the McCauley Field and our decision to put it into production in 2022.”
Rohlfing added that DME intends to produce, process and sell finished processed helium directly to domestic helium consumers in the United States. DME has acquired specific leases, which it will assign to Earl Resources.
