Welcome to our dedicated page for Desert Mountain Energy news (Ticker: DMEHF), a resource for investors and traders seeking the latest updates and insights on Desert Mountain Energy stock.
Desert Mountain Energy Corp. (DMEHF) generates a steady flow of news around its work in helium, hydrogen, natural gas and condensate, as well as its participation in energy and technology infrastructure projects. Company updates frequently highlight progress in exploration and development of helium-rich gas sources, along with initiatives to extract helium in what it describes as an environmental and economic manner for renewable energy and high-technology uses.
News coverage also focuses on Desert Mountain Energy’s agreements and collaborations in New Mexico, particularly with Roswell Information Park LLC and Sustany LLC. Releases describe plans to supply natural gas from the West Pecos Field to an AI-focused data center campus in Roswell, manage additional third-party gas flows into the park, and develop underground gas storage and pipeline infrastructure to support hyperscale computing power needs.
Another recurring theme in the company’s news is its involvement in sodium–nickel–chloride (SNC) battery manufacturing plans and produced-water treatment. Desert Mountain Energy reports a non-binding Letter of Intent for a joint venture to build an SNC battery plant in Roswell, using treated produced water and recovered sodium, and extracting certain rare earth elements for shipment to qualified refining facilities.
Investors following DMEHF news can also expect updates on U.S. government and defense-related initiatives, including participation in the Acquisition Transformation Strategy, interactions with National Laboratories, and discussions around helium-3 and helium-4 off-take pathways. In addition, the company regularly announces non-brokered private placements, warrant extensions and regulatory developments in Arizona that affect underground injection wells and helium production. Bookmark this page to review Desert Mountain Energy’s latest project announcements, financing activities, legal milestones and strategic partnerships as they are reported.
Desert Mountain Energy Corp. (DMEHF) has signed an agreement with Earl Resources Ltd. to provide geological and drilling services for energy storage development in Arizona. The company will be reimbursed for expenses and receive a carried override position on projects. If helium is found during drilling, Earl Resources will have a similar carried position on production. This venture is a step towards DME's goal of becoming a vertically integrated helium producer, with plans to start production in 2022 from the McCauley Field.
Desert Mountain Energy Corp. announced the granting of incentive stock options for 275,000 shares of its Common Stock on September 22, 2021. These options are available to directors, officers, and consultants, exercisable for three years at a price of CAD $2.83 per share, pending necessary regulatory approvals. The Company focuses on exploring and developing rare noble gas fields in the U.S., targeting elements crucial for renewable energy and high-tech industries.
Desert Mountain Energy Corp. has successfully tested well #4 in Arizona, discovering a new helium field. The testing revealed commercial quantities of helium across 14 zones with a total thickness of 378 feet. An estimated 1.9 BCF of recoverable gas in place includes approximately 1.137% helium. The company anticipates reduced production costs by over 43% due to advancements in water-free extraction methods. Future drilling plans include 5 to 6 additional wells, with operations expected to commence in 2022. Current helium prices stand at $269/mcf for crude and $580 to $2,350/mcf for processed helium.
Desert Mountain Energy Corp. has completed well #4 and released the rig, sending flow gas samples for laboratory testing. CEO Robert Rohlfing highlighted that open hole logs and flow tests yielded significant data, which the exploration team is utilizing for further analysis. The company specializes in discovering rare noble gas fields critical for renewable energy and high technology industries.
Desert Mountain Energy Corp. (TSXV: DME, U.S. OTC: DMEHF) has mobilized a completion rig and testing equipment for well #4, enhancing its capacity for flow testing and data collection on geological environments that produce helium. CEO Robert Rohlfing highlighted the use of advanced tools that will contribute to the company's technological database. Desert Mountain Energy is focused on exploring rare earth gas fields, aiming to discover elements critical to the renewable energy sector. This development is part of their ongoing exploration and resource management efforts.
Desert Mountain Energy Corp. has appointed Jessica Davey as VP of Land and to its Board of Directors. With over ten years of international oil and gas expertise, she specializes in resource evaluation and environmental studies. This appointment enhances the company's commitment to diversity, achieving over 40% female representation on its board. Additionally, Robert Rohlfing transitions to Executive Chairman and CEO, while Don Mosher takes on the President role. These leadership changes aim to bolster the company's growth in the helium sector.
Desert Mountain Energy Corp. (TSXV: DME, U.S. OTC: DMEHF) announced significant helium discoveries in its fourth wildcat well, prompting the company to set production casing for further development. The drilling indicated minimal levels of gases other than helium and nitrogen, which is promising for future production. The company has also received a direct payee number from the US government for same-day payment on gas shipments. Additionally, 150,000 options have been assigned to a consultant at $4.25 CDN each.
Desert Mountain Energy Corp. (TSXV: DME, U.S. OTC: DMEHF) announced the resignation of Dr. Edward A. Schiller from its Board of Directors. This change emphasizes the company's ongoing focus on exploring and developing rare earth gas fields in the U.S., crucial for renewable energy and high-tech industries. Despite this leadership shift, the prospects for continued exploration and the demand for critical elements remain strong. Investors should remain aware of the inherent risks associated with resource exploration and the company's forward-looking statements.
Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) has issued 1,200,000 options to directors, officers, and employees at a price of $4.25, above market close, with a three-year expiration. The company has sufficient shares to support this issuance. Additionally, Eric Witt has been appointed as Drilling Operations Manager, overseeing Well #4 drilling. The company focuses on discovering rare earth gas fields critical to renewable energy and high technology industries. Caution is advised due to inherent risks and uncertainties in exploration activities.
Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) announced a corporate update detailing the successful conversion of $2 warrants from its October 2020 financing, with a total of 7,953,062 warrants exercised, raising $15,906,124. Currently, the company has 70,110,909 shares outstanding and $28,970,078.80 in cash. Desert Mountain is focused on developing a helium production operation in the Holbrook Basin, AZ, and is currently drilling well #4. The release highlights the company's ongoing commitment to advancing its exploration activities.