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Desert Mountain Energy Corp - DMEHF STOCK NEWS

Welcome to our dedicated news page for Desert Mountain Energy (Ticker: DMEHF), a resource for investors and traders seeking the latest updates and insights on Desert Mountain Energy.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Desert Mountain Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Desert Mountain Energy's position in the market.

News
DESERT MOUNTAIN ENERGY GENERAL OPERATIONAL UPDATE
Rhea-AI Summary
Desert Mountain Energy Corp. provides operational updates on its helium processing plant in New Mexico and Arizona, successfully achieving vertical integration. The company has installed essential equipment, including dehydration, amine, and compression units, to meet industry standards and gas processing requirements. DME is focused on increasing gas flow, reducing saltwater production, and negotiating partnerships for natural gas and helium products. Additionally, the company aims to produce food-grade CO2, addressing the shortage in the market. Despite challenges with accounting procedures and initial data, DME anticipates future opportunities and enhanced helium production once the plant is fully operational.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4%
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DESERT MOUNTAIN ENERGY CORP. STATUS REPORT ON ANNUAL FINANCIAL STATEMENTS AND RELATED FILINGS
Rhea-AI Summary
Desert Mountain Energy Corp. faces delays in filing annual financial statements, aiming to remedy the default by March 29, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.76%
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News
DESERT MOUNTAIN ENERGY CORP. ANNOUNCES DELAY IN FILING OF ANNUAL FINANCIAL STATEMENTS AND RELATED FILINGS
Rhea-AI Summary
Desert Mountain Energy Corp. (DMEHF) has failed to file its annual audited financial statements and related documents by the prescribed deadline, resulting in the granting of a temporary management cease trade order (MCTO) by the British Columbia Securities Commission. The MCTO restricts trading in the company's securities by its Chief Executive Officer and Chief Financial Officer. The company aims to remedy the default by filing the Required Filings no later than March 29, 2024, with the MCTO remaining in effect until then.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.7%
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none
News
DESERT MOUNTAIN ENERGY COMPLETES REASSEMBLY OF WEST PECOS FIELD PLANT
Rhea-AI Summary
Desert Mountain Energy Corp. announces successful reassembly of natural gas and helium processing facility, receiving final operational permit from BLM. Plant modifications increase gas production and accommodate upcoming regulatory changes. Company aims to increase gas throughput to 1,500 MCFGPD in December 2023 without significant capital investment. Plans to further improve production through well workovers, aiming to exceed 3,000 MCFGPD from existing wells and perforations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.59%
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News
DESERT MOUNTAIN ENERGY PROVIDES PROGRESS REPORT ON WEST PECOS SLOPE ABO PROJECT IN NEW MEXICO
Rhea-AI Summary
Desert Mountain Energy Corp. provides a progress report on the West Pecos Slope Abo project in New Mexico. The company confirms the delivery of all necessary components for the helium processing plant and anticipates operational start-up in November. Gas flow has increased significantly, and additional workovers could enhance production. The company aims to increase production to meet its goal of 1,500+MCFGPD. The presence of natural gas carriers strengthens the company's position to explore potential end-user contracts. The company is also committed to reducing emissions and converting CO2 to food-grade CO2. CEO Robert Rohlfing will be a speaker at the 2023 Helium Super Summit.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6%
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News
DESERT MOUNTAIN ENERGY GIVES UPDATE ON THE WEST PECOS SLOPE ABO GAS FIELD
Rhea-AI Summary
Desert Mountain Energy Corp. announces success in reassembling helium processing facility in New Mexico, adding dehydration unit to remove helium and increase net price for methane gas. Continued maintenance program and pigging of flow lines to lower flowing pressures. Plans for geophysical survey in Arizona to improve accuracy of drill targets. Appointment of Mr. Michael O'Shea to the Board of Directors with 300,000 options set at a premium to Friday's closing price.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.67%
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none
News
DESERT MOUNTAIN ENERGY COMPLETES HELIUM PROCESSING FACILITY MOVE TO NEW MEXICO GAS FIELD
Rhea-AI Summary
Desert Mountain Energy Corp has successfully completed the disassembly of the helium processing plant and has begun reassembly at the West Pecos Slope Abo Gas Field. The process is expected to take 5-6 weeks. The company plans to start up the plant after pressure testing of critical components. The company has cash on hand of approximately $14.7 million CDN and intends to maintain solid cash balances. Pigging of flow lines and removal of choke points are underway to optimize production. The company has purchased smaller volume compressors to boost production from wells with higher levels of helium. The goal is to target wells with helium values above 0.7% and an initial aggregate plant throughput for helium production above 0.50%. Well flow line pressures have risen due to the IACX gas plant being down for repairs and maintenance. The company will not pay royalties on inert gases recovered through plant operations. The company is exploring options for long-term operations in Arizona.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.69%
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Desert Mountain Energy Corp. to Present at the LD Micro Invitational XIII
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.11%
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DESERT MOUNTAIN ENERGY SECURES ADDITIONAL ACREAGE
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.09%
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DESERT MOUNTAIN ENERGY ISSUES A CORPORATE UPDATE
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.18%
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Desert Mountain Energy Corp

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DMEHF Stock Data

17.47M
84.78M
5.96%
Crushed and Broken Limestone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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