Desert Mountain Energy Begins Helium Production in Vancouver, Sept 2024

Desert Mountain Energy Corp. announced a significant milestone on September 16, 2024, with the successful separation of commercial helium from a complex natural gas stream in Vancouver. This achievement marks a critical step in the company's operations, as the processing plant has begun enriching helium and delivering it to end users via tube trailers. The facility's commercial operation follows the resolution of various challenges faced during the start-up phase, showcasing the team's dedication and expertise. The company is optimistic about its future, projecting a gradual rise in sales volumes and revenue. Current production revenue is expected to cover general and administrative costs, although it will not be reflected in the upcoming audited financials. The focus remains on well workovers and minimizing the small percentage of produced water, which is essential for enhancing overall efficiency. In addition to production efforts, the company is leveraging artificial intelligence to optimize operations. The AI system is currently undergoing training through data collection, which is vital for its effective functioning as more wells are brought online. Each well presents unique chemical compositions, necessitating adaptability from the processing plant. As the geological team continues to analyze downhole data, they aim to identify the most viable wells for increased helium production. The plant is nearing a state of autonomy, indicating a promising future for Desert Mountain Energy Corp. in the helium market.