Desert Mountain Energy Stock Price, News & Analysis

Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) announced a partnership with Beam Earth Ltd. to explore commercial opportunities for its sulphur-free hydrogen discoveries. The agreement aims to leverage Beam Earth's expertise in innovative hydrogen production alongside DME's helium processing facilities. This collaboration will extend beyond Arizona to include various jurisdictions. DME plans to implement efficient design principles from its helium facility into hydrogen processing as it continues to develop its portfolio of helium, hydrogen, and noble gases.

Desert Mountain Energy Corp. announced the spudding of the Gunnar Dome Wildcat Well, targeting a depth of 4,500 feet to explore the top Granite Formation. The well aims to assess gas composition, expected to have high nitrogen levels. However, the company has canceled a previously announced private placement of $7.5 million due to market conditions. The company focuses on helium, hydrogen, and noble gas exploration, essential for renewable energy and high-tech industries.

Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) announced that a drilling rig will mobilize to the Gunnar Dome prospect in Arizona, aiming for a depth of approximately 4,500 feet. This well targets gas zones with high nitrogen concentrations, and initial helium production is expected through a plant under construction by GENERON. The company is in discussions for helium supply agreements but currently has no long-term contracts. Additionally, Desert Mountain is developing hydrogen production strategies and addressing lease claims related to the McCauley family minerals.

Desert Mountain Energy Corp. announced a reduction in the per unit price of its private placement from $3.00 to $2.50 due to negative market conditions affecting trading prices. The private placement aims to raise funds while all other terms—including a three-year warrant allowing shares to be purchased at $4.00—remain unchanged. This adjustment is subject to TSX Venture Exchange approval.

Desert Mountain Energy Corp. (TSXV: DME, U.S. OTC: DMEHF) has announced a 50% increase in its non-brokered private placement, raising the total offering to CAD $7.5 million. The Company plans to issue up to 2.5 million Units at CAD $3.00 per Unit, potentially increasing to 2.75 million Units. Each Unit comprises a common share and a share purchase warrant, priced at CAD $4.00/share, valid for three years. The placement remains subject to TSX Venture Exchange approval.

Desert Mountain Energy Corp. (DMEHF, TSX.V: DME) announced higher Helium concentrations in Offset Wells #5, #6 & #7, averaging 3.511%, surpassing the results from Discovery Well #4. This significant increase enhances potential profitability for the company. Additionally, a pay zone with over 4% Helium in Well #5 will be processed at their solar-powered Helium facility. The company aims for near-zero carbon footprint operations. These developments affirm their geological modeling and demonstrate advancements in Helium extraction, crucial for renewable energy resources.

Desert Mountain Energy Corp. announced that contractor GENERON has commenced fabrication of the McCauley Helium Processing Facility, the first solar-powered helium processing plant globally. The facility will utilize hydrogen from the McCauley Helium Field as a backup energy source. The engineering design employs mostly off-the-shelf components to ensure efficiency and longevity. The plant's startup is anticipated by Q3 2022. Completion of wells 5, 6, and 7 is also reported, with gas samples sent for analysis. The company's goal is to contribute to solving the critical global helium supply shortage.

Desert Mountain Energy Corp. (DMEHF) has successfully completed cased hole work on Wells 5 and 6, with Well 7 expected to finish later this week. Initial tests indicated bottom hole pressures are within anticipated values, and sampling for gaseous analysis has been completed. The company plans to drill another wildcat well before summer. Additionally, DME has set 350,000 options for officers and directors at $3.30 for three years, indicating confidence in future growth.

Desert Mountain Energy Corp. (TSXV: DME, OTCQX: DMEHF) has announced enhanced drilling and casing procedures for helium extraction to protect Arizona's aquifers. These procedures, which exceed state regulatory requirements, have led to over a 19% increase in cementing and casing costs. CEO Robert Rohlfing emphasizes the dual benefit of safeguarding water resources and ensuring sound business practices. The company focuses on helium and other noble gases, critical for renewable energy and high-tech industries.