Desert Mountain Energy Corp.
Climate Impact & Sustainability Data (FY2021A to FY2024E)
Reporting Period: FY2021A to FY2024E
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- 8-acre solar array installed supplying 258 kW of power to McCauley plant; use of organic chemicals in drilling (polysaccharides, pectin, gelatin); no GHG emissions from McCauley field due to lack of hydrocarbons
Social Achievements
- 50+ end-users lined up to purchase helium directly from the company; community investment through job creation and economic activity in Arizona
Governance Achievements
- Intention to make revisions to the Board at the upcoming AGM to add more independence
Climate Goals & Targets
Medium-term Goals:
- Commissioning of 2nd and 3rd helium plants; achieving optimal production levels at McCauley and Rohlfing fields
Short-term Goals:
- Ramp-up of gas throughput at McCauley plant; drilling of two exploration helium wells on South Winslow and O’Haco fields
Environmental Challenges
- Commodity price fluctuations for helium; securing financing for exploration and development; potential cost overruns; well performance risks; potential changes in fiscal regime
Mitigation Strategies
- Potential take-or-pay contracts to manage commodity price exposure; plans for a combination of debt and equity capital; careful cost management; diversification of helium fields; monitoring well performance
Supply Chain Management
Responsible Procurement
- Use of organic chemicals in drilling