Desert Mountain Energy Stock Price, News & Analysis

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.

Desert Mountain Energy Corp. (OTC: DMEHF) announced the completion of high-pressure testing of its McCauley Helium Processing Facility, which is now operational via CNG generators. The facility will switch to solar energy upon receiving battery storage units. The company is addressing potential processing challenges due to summer temperatures by having GENERON fabricate and install necessary components in the next 10-14 days. CEO Robert Rohlfing praised the on-site fabrication work despite facing extreme winter conditions. DME aims to optimize throughput and product purity over the coming 90 days.

Desert Mountain Energy Corp. (TSX.V: DME, OTC: DMEHF) announced a letter of agreement to purchase raw helium gas from PetroSun, pending approval and processing capacity. Pricing will be market-based at the time of purchase. The agreement allows Desert Mountain to assist PetroSun in future helium and hydrogen exploration, which may lower operational costs. The company aims to expand its gas purchase agreements and plans additional processing facilities based on its McCauley Helium Processing Facility, optimizing throughput for shareholders. CEO Robert Rohlfing emphasized commitments to environmental protection and operational efficiency.

Desert Mountain Energy Corp. (TSXV: DME; OTC: DMEHF) announced that it has received an exemption from the Arizona Oil and Gas Commission, allowing it to drill wells on 40 acres instead of the standard 640 acres. This exemption facilitates the exploration of hydrogen and helium resources in the McCauley Processing Facility, where flow lines for three proposed hydrogen wells have been installed. The company plans to launch a geophysics program in April 2023, with drilling set for June and results expected by July. Additionally, Desert Mountain Energy has been recognized in the TSX Venture 50 as a top-performing company.

Desert Mountain Energy Corp (TSXV: DME, OTC: DMEHF) announced the lease of an additional 15,600 acres in Arizona for helium production, boosting its total holdings by over 18% to more than 100,000 acres. This strategic move enhances the Company's focus on helium exploration, which is critical for renewable energy and tech industries. The Company is also securing surface property agreements to support future production facilities, demonstrating its commitment to growth and expansion in the helium market.