Desert Mountain Energy Stock Price, News & Analysis

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.

Desert Mountain Energy Corp. (TSX.V: DME, U.S. OTC: DMEHF) has commenced operations on Well #4 in Arizona's Holbrook Basin, targeting a depth of approximately 3,900 feet. This well aims to explore for rare earth gases and helium, utilizing advanced testing technology such as drones and airborne sensing equipment. Additionally, Ched Wetz has been appointed as Vice President of Risk Management/Ethics and Compliance, bringing significant experience from various health and safety roles. The company focuses on critical elements for renewable energy and technology sectors.

Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) has filed documents with the United States Federal Contractor Registration, a crucial step for becoming a supplier to the US Government. The company is focused on the exploration and development of rare earth gas fields in the US, particularly elements essential for green energy and high technology sectors. The press release emphasizes the importance of this registration for future business opportunities with government projects. Forward-looking statements indicate potential risks and uncertainties in the company's future performance.

Desert Mountain Energy Corp. has received approval from the Arizona Oil & Gas Conservation Commission to drill a new exploratory helium well in NE Arizona, about 30 miles from previously successful sites. The drilling contractor is set to arrive in 7-10 days, with plans for three new wells before completing them. The company intends to hire additional staff to manage the increased operations. These efforts align with Desert Mountain Energy's focus on developing critical resources for green energy and high-tech industries.

Desert Mountain Energy Corp. has upgraded to the OTCQX Best Market from the OTCQB Venture Market, enabling it to trade under the symbol DMEHF. This transition, effective April 26, 2021, allows the company to enhance its visibility among U.S. investors by meeting stringent financial and governance standards. CEO Robert Rolhfing expressed confidence in the company's ability to reach a broader equity market audience through this development. Desert Mountain Energy focuses on discovering and developing rare earth gas fields critical for renewable energy and high-tech industries.

Desert Mountain Energy Corp. (DME) announced the acceleration of expiry for its 8,203,062 warrants, originally issued under private placements in October 2020. Warrant holders must exercise their warrants by May 24, 2021, to avoid them becoming void. Exercising these warrants at a price of CAN$2.00 per share may yield gross proceeds of up to CAN$16.4 million, enhancing the Company's cash position and supporting its goals of becoming a fully vertically integrated helium producer. The CEO emphasized the significance of this early exercise for capital market stability.