- Custom work on Desert Mountain Energy’s (DME) McCauley helium processing facility has been completed by partner GENERON
- Previously, DME identified items within the facility which could have poorly affected processing during higher summer temperatures
- GENERON was able to resolve this issue by creating the necessary pieces and installing them
- Next, the facility will test variations of gas product combinations over a three-month trial period
- Initial sales of the end product will go to an Arizona gas supplier
- Desert Mountain Energy (DME) is up 3.92 per cent, trading at $2.12 per share as of 1:22 p.m. ET
Custom work on Desert Mountain Energy’s (DME) McCauley helium processing facility has been completed by partner GENERON.
Previously, DME identified items within the facility which could have poorly affected processing during higher summer temperatures. GENERON was able to resolve this issue by creating the necessary pieces and installing them.
The facility has been undergoing a transition from using compressed natural gas generators to solar energy and battery storage.
“Our team understands that our shareholders have waited a long time for the completion of the McCauley helium processing facility,” Robert Rohlfing, CEO of DME, said. “Initiating helium sales as a vertically integrated primary producer of helium has been our long-term goal, and we are proud to have accomplished it.”
For its next steps, the company stated it expects the facility to work through variations of gas mixtures, concentrations, and final product purity levels over roughly three months. The first sale of the final product will go to an Arizona-based industrial gas supplier, which is bringing its own trailer to the facility.
According to DME, the industrial gas purchaser knows that the first few deliveries will be a mixture of different final grades of helium. The helium grades will range between 99.995 to 99.99995 per cent.
Desert Mountain Energy (DME) is up 3.92 per cent, trading at $2.12 per share as of 1:22 p.m. ET.
