Montem Resources Limited announced it has entered a Memorandum of Understanding (MOU) with Invest Alberta, effective March 23, 2022. The MOU outlines the roles and responsibilities each will undertake in working together to establish Montem's proposed Tent Mountain Renewable Energy Complex ("TM-REX").
The TM-REX represents a transformational clean energy project with an estimated project life of at least 50 years. Montem is investigating converting the historical Tent Mountain Coal Mine into a renewable energy complex, located in the Crowsnest Pass of southwest Alberta, Canada. The planned development includes three primary elements; a 320MW pumped hydro energy storage ("PHES"), 100MW green hydrogen electrolyser and a 100MW offsite wind farm.