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) delivers critical helium, hydrogen, and natural gas resources through advanced processing systems and AI-driven operational optimization. This news hub provides investors and industry observers with authoritative updates on the company’s strategic developments.
Access real-time announcements covering operational milestones, including helium plant enhancements, hydrogen exploration projects, and regulatory compliance achievements. Our curated feed ensures you never miss earnings reports, technology implementations, or partnership updates with entities like Beam Earth Ltd.
Key updates focus on vertical integration progress across New Mexico and Arizona operations, AI automation advancements in gas separation, and maintenance protocols ensuring production efficiency. Bookmark this page for streamlined access to verified information supporting informed analysis of DMEHF’s market position.
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.
Desert Mountain Energy Corp. (DMEHF) is advancing helium extraction in Arizona through collaborations with key stakeholders, including Congress members, state agencies, and trade associations. The company is working to position helium as a vital resource for national defense, healthcare, and supply chains. DME is seeking to include helium in the USGS critical mineral list, which could provide benefits such as clean energy tax credits and streamlined permitting.
Senator Janae Shamp supports the initiative, emphasizing Arizona's openness to business and the importance of safe, sustainable helium extraction for supporting semiconductor manufacturing, healthcare, and defense industries. DME remains committed to a balanced approach benefiting Arizona's economy and environment.
Desert Mountain Energy Corp. (DME) has granted a total of 5,875,000 incentive stock options at an exercise price of $0.36 per share to its directors, officers, employees, and consultants. These options will be exercisable for a period of three years. DME is a publicly traded resource company focused on the exploration, development, and production of helium, hydrogen, natural gas, and condensate. The company emphasizes environmentally and economically efficient helium extraction to support the renewable energy and high technology sectors.
Desert Mountain Energy Corp. (DME) has commenced operations at its helium processing plant at West Pecos Field, New Mexico. The plant is now separating helium from natural gas streams. The startup phase will involve optimization and programming improvements over the next 60-90 days, with production from specific wells being increased over the next 120-180 days. The plant incorporates additional equipment to handle variations in gas mixtures and to capture and recycle helium, aiming for a final product purity of 99.9995%. The plant will gradually ramp up from an initial capacity of 960 MCFGPD. The West Pecos Field, acquired on July 1, 2023, includes 188 producing gas wells and a gas collection system. The company has carried out repairs and upgrades to infrastructure over the past year. The initiation of plant operations allows DME to boost production levels and target higher-grade helium zones. DME continues collaboration for hydrogen and helium production from its Arizona locations.
Desert Mountain Energy has announced a new strategic partnership with Beam Earth for hydrogen exploration in Arizona, starting in Q4 2024. This agreement replaces a previous one from July 18, 2022. Beam Earth will fund various activities, including a $225,000 USD payment to DME, covering geophysical and drilling costs, and planning for hydrogen and ammonia plants in Arizona and New Mexico. Additionally, DME retains rights to all its current wells and will operate all new wells and plants under this partnership. Beam Earth is expected to invest between CAD $3.6 to $4.3 million by Q1 2025. DME will share profits from new wells in Arizona with Beam Earth
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