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00:00Hello and welcome to today's Midday Market Highlight Story.
00:06Well, it's up, up and away for Desert Mountain Energy Corp.
00:10They are making significant strides in the helium and hydrogen sectors, marking a pivotal
00:15moment for the company.
00:17The company has successfully dispatched its first helium trailer from its New Mexico processing
00:22facility, signaling the commencement of a commercial production.
00:26This milestone shows Desert Mountain Energy's drive to become a major player in the helium
00:31market.
00:32Expanding its international footprint, Desert Mountain Energy has established a UK subsidiary,
00:38Desert Energy UK, and secured a substantial 370 square mile exploration license in Devon,
00:46UK.
00:47Now, this growth is paired with the Memorandum of Understanding with Hethos Limited, aiming
00:52to jointly explore the helium and hydrogen opportunities across the UK, Arizona, and New Mexico.
01:00On the legal front, the company has secured a favorable ruling from the Arizona Court of
01:04Appeals, strengthening its operational standing in the region.
01:08Additionally, Desert Mountain Energy has entered into a technology development partnership that
01:13leverages grass from its partners and minimizes financial outlay while advancing its technological
01:20capabilities.
01:21As of this morning, Desert Mountain Energy stock is trading at $0.29 CAD and that's up 3.57%
01:28from the previous close.
01:30And that's your Midday Highlight Story, I'm Lindsay Melchuk, we'll see you tomorrow.