Desert Mountain, the exploration and resource leader in rare earth gas fields, announced this Thursday the acquisition of an acreage located in the central portion of the Holbrook Basin. On the location the company will develop an initial processing facility and a solar plant for green power.
Firstly, the portion acquired amount 40 acres. However, although the acreage acquired is significantly larger than currently planned facilities would require, it will provide an enhanced buffer from the nearest company business, located approximately one mile south.
Secondly, at a longer term, of up to 4 or 5 years, the company will develop 60 to 70 wells to utilize the total of three mobile processing facilities, to optimize production efficiencies.
Thirdly, Desert Mountain Energy ordered specific components for the processing units; which have the longest lead time for delivery. Therefore, the company has ensured the on-time startup of the processing units, around the fourth quarter of 2021.
On the other hand, Desert Mountain Energy is a publicly traded exploration and resource company. It is particularly focused on the discovery and development of rare earth gas fields in the United States. Its main drive is to discover and develop critical elements for the green energy sector.
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Desert Mountain Energy focused in delivering goos for green energy sector
Moreover, the company has been expanding its solutions in the U.S. Back in March 11, it announced the opening of its corporate offices, in Surprise, Arizona. It has also secured locations for further processing facilities in the Navajo County.
In fact, over the last 12 months, Desert Mountain Energy has grown the company from market cap of approximately $10,000,000.00 CDN; it has also reached a market cap in excess of $125,000,000, CDN.
In addition, Robert Rohlfing, Chariman and CEO, said. “The Company is continuing to work with counties and municipalities where our efforts to build new businesses focused on a fiscally sound greener future are appreciated and welcomed.”
Finally, the output of the company in its rare earth gases include helium (He), neon (Ne), argon (Ar), krypton (Kr), xenon (Xe), and radon (Rn).