Desert Mountain Energy Stock Price, News & Analysis

Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) announced the acquisition of 80 acres in the McCauley Helium Field for $125 per acre. This property could enhance the Company’s operations in hydrogen and noble gases. Additionally, the Company secured 50% of the mineral rights in the South Winslow prospect, reducing royalties from 12.5% to 6.25%. The goal is to maximize shareholder returns. A rig will be operational in the McCauley Helium Field by mid-week, with new trucks and trailers acquired for operations.

The Company focuses on exploring and developing helium, hydrogen, and noble gases, critical for renewable energy and high-tech industries.

Desert Mountain Energy Corp. (DMEHF) has entered the final stage of development towards commercial production of helium. Recent financing will facilitate the completion of infrastructure needed to bring six helium wells into production. The McCauley Helium Processing Facility is operational, with testing successfully isolating helium. The company plans to optimize production in 60-90 days, aiming for commercial gas sales within the quarter. Valorie Farley has been appointed CFO, focusing on transitioning accounting practices to the U.S. and identifying potential tax benefits. These developments position DMEHF for growth in the helium market.

Desert Mountain Energy Corp. (DME) announced that an additional 545,000 common share purchase warrants will commence trading on the TSX Venture Exchange on April 6, 2023. These warrants are priced at $2.70 per common share and are set to expire on March 24, 2025, unless accelerated by the company. If the share price exceeds $4.50 for ten consecutive days, DME may accelerate the expiry date of these warrants with proper notice. DME focuses on the exploration of rare earth gas fields in the U.S., essential for green energy and high-tech industries, amidst various exploration and operational risks.

Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) announced that 11,300,000 common share purchase warrants will begin trading on the TSX Venture Exchange on March 31, 2023. The warrants have an exercise price of $2.70 and are valid until March 24, 2025. If the share price exceeds $4.50 for ten consecutive trading days, the Company may accelerate the expiry date with a notice. Additionally, up to 545,000 additional warrants may be issued as part of an over-allotment option. This initiative aims to support the Company’s exploration of rare earth gas fields in the US, critical for green energy industries.

Desert Mountain Energy Corp. (DME; TSXV: DME, OTC: DMEHF) announced the adoption of an advance notice policy by its Board of Directors, effective immediately. This policy mandates that shareholders must provide advance notice for director nominations, setting deadlines and required information for submissions. Specifically, nominations must be submitted 30 to 65 days prior to any annual or special meeting. The policy will be up for approval at the next annual general meeting. A copy is available on SEDAR. DME focuses on developing rare earth gas fields in the U.S., targeting elements essential to green energy and high-tech industries.

Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) announced the successful re-entry and deepening of Well #3 into Pre-Cambrian Granite. The firm verified that all water courses were protected during the operation, which involved cementing procedures exceeding regulatory standards, costing over $200,000 per well. Mass Spectrometer readings indicated the presence of Hydrogen and Helium without water contamination. Future decisions regarding compatibility with the McCauley Helium Processing Facility depend on sampling results. Recent financing will support business growth as detailed in their corporate presentation.

Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) announced the completion of the McCauley Helium Processing Facility on March 14, 2023. The first sale of helium will be made to an Arizona industrial gas supplier, involving mixtures with purity levels between 99.995% and 99.99995%. CEO Robert Rohlfing expressed pride in achieving this long-term goal of initiating helium sales. The company has proven the facility's effectiveness, which is crucial for future designs and operations. This development positions Desert Mountain Energy as a vertically integrated helium producer, targeting critical elements for renewable energy and technology sectors.