Desert Mountain Energy Stock Price, News & Analysis

Desert Mountain Energy Corp. (DMEHF) has signed an exclusive licensing agreement with Hethos for its proprietary helium extraction plant design in South West England. The agreement covers Cornwall, Devon, Bristol, and Gloucestershire, including offshore prospects drilled from onshore locations.

Under the terms, DME will receive a 5% royalty on extracted helium gases and retains rights to participate as operator for projects within the exclusive area. The company's autonomous plant design is energy-efficient, capable of operating with alternative energy sources like solar and wind power. DME's first plant, initially solar-powered in Arizona, was relocated to New Mexico's West Pecos Abo Gas Field due to regulatory delays and now operates using natural gas.

The partnership aims to leverage Hethos 's proprietary process for hydrogen extraction and processing for safe bulk transportation, while utilizing DME's energy-efficient modular plant design.

Desert Mountain Energy Corp (DMEHF) has successfully closed the first tranche of its non-brokered private placement, raising C$514,000 through the issuance of 2,056,000 Units at C$0.25 per Unit. Each Unit includes one common share and one purchase warrant, allowing holders to buy an additional share at C$0.35 until February 27, 2026.

The Company may accelerate warrant expiry if the stock price maintains C$0.75 for ten consecutive trading days. Finder's fees included 153,280 warrants and C$38,230 cash. Units are subject to a hold period until June 28, 2025. The company focuses on helium, hydrogen, and natural gas exploration, development, and production.

Desert Mountain Energy (DMEHF) announced significant progress on Senate Bill 1444, which aims to regulate helium exploration in Arizona. The bill passed the Senate Committee on Natural Resources with a 5-2 vote on February 11, 2025, and has advanced to the Rules Committee. The legislation requires helium operations to be designed and operated without discharging contaminants into aquifers.

The bill has received strong support from key organizations including the Arizona Chamber of Commerce, Arizona Technology Council, and Americans for Prosperity. It aims to provide a new revenue source for education in economically challenged Arizona counties while establishing clear regulations for helium extraction.

The company, primarily focused on helium, hydrogen, and natural gas exploration and production, remains committed to working with legislators and regulators to ensure safe development of Arizona's helium resources.

Desert Mountain Energy Corp. (DMEHF) has announced a non-brokered private placement offering to raise up to CAD $2 Million. The company will offer up to 8 million units at CAD $0.25 per Unit, with each unit comprising one common share and one share purchase warrant. The warrants allow purchasing one additional share at CAD $0.35 within one year of closing.

The warrant expiry may be accelerated if the stock price reaches CAD $0.75 for at least ten consecutive trading days. Finder's fees of up to 8% in cash and 8% in finder warrants are payable. The proceeds will fund the development of the company's New Mexico natural gas and Helium projects, Arizona Helium projects, working capital, and general corporate purposes. The units will have a 4-month hold period and the placement requires TSX Venture Exchange approval.

Desert Mountain Energy Corp. (DMEHF) has provided an operational update for its New Mexico and Arizona operations. In New Mexico, the West Pecos Abo Gas Field helium processing facilities are now operational after resolving initial software and component issues. The company expects to fill a helium truckload every 18-21 days based on current production volumes.

The company is selling natural gas monthly and exploring data center opportunities in the Rozwell area, including a pilot project for cryptocurrency mining. DME owns a workover rig for efficient well maintenance and has implemented cost-saving measures with no wells requiring artificial lift.

In Arizona, DME is working with regulatory agencies to establish helium production guidelines and collaborating with Beam Earth and Hethos on hydrogen opportunities. The company's legal action with Flagstaff has seen three more claims dismissed, reducing total claims from 11 to 6.

Financially, DME reported a 66% decrease in net loss from 0.14 to 0.05 cents per share in 2024 audited financials, with management expressing optimism about achieving profitability in 2025.

Desert Mountain Energy reports that its West Pecos Slope Abo Gas Field has been operational for over two months with AI-integrated autonomous systems. The field's production increased from 105 mcf/day at acquisition to a peak of 1.5mmcf/day through maintenance procedures. The company overcame technical challenges including malware attacks and equipment issues. The facility complies with 2025 emission regulations. The field produces approximately 30 bbls of salt water per day, significantly lower than regional averages. The company continues to explore hydrogen opportunities in Arizona and New Mexico, with different geological sources identified in each state.

Desert Mountain Energy (DME) is leading a coalition to advocate for legislative changes in Arizona's helium industry. The initiative aims to balance economic extraction of helium and hydrogen gases with aquifer protection. The Arizona Chamber of Commerce and Industry supports DME's efforts, highlighting helium's importance for the state's semiconductor industry. The coalition emphasizes potential tax revenue from high-tech industry development and natural resources while promoting environmentally responsible regulations.

Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) has achieved commercial production of helium from a complex natural gas stream. The company's processing plant is now operational and generating revenue, expected to cover overall corporate G&A expenses. However, this won't be reflected in the September 30, 2024 audited year-end financials.

The facility incorporates AI technology, currently in training, to adapt to varying chemical compositions of different wells. The plant is approaching autonomous operation. The geological team is reviewing data to optimize helium production and identify locations with higher helium grades. Some wells are showing increased hydrogen levels, warranting further investigation.

Desert Mountain Energy Corp. (TSXV: DME) (OTC: DMEHF) has issued a clarification regarding information previously disclosed in its June 19, 2023 news release. The company retracts two key statements:

1. The claim about "elevated helium and hydrogen percentages ranging from 3.863% to 1.374%" in well files.

2. The assertion that "gas tests from 02/23 are instrumental in constructing a proper plan for increasing helium production".

The company states that the February 2023 gas tests cannot be confirmed at this time. This clarification was made at the request of the BC Securities Commission.