Desert Mountain Energy Stock Price, News & Analysis

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