Desert Mountain Energy Stock Price, News & Analysis

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.

Desert Mountain Energy Corp. has initiated completion work on Offset Wells #5, #6, and #7 in the McCauley Helium Field, with sampling expected to be finalized in 10-14 days, followed by results in approximately 14 days. CEO Robert Rohlfing expressed optimism about these wells being the first to go into production, aiming to generate cash flow for shareholders within the year. The company is focused on the exploration and production of helium and other critical elements for renewable energy and technology sectors.

Desert Mountain Energy Corp. has announced the acquisition of five heavy haul rigs to enhance the movement of drilling and plant processing equipment. The investment of over USD 700,000 for rig mobilization illustrates rising costs, with expenses per well increasing from $26,000 to $164,000 over 18 months. This strategic purchase aims to mitigate inflation and supply chain disruptions while generating additional revenue through equipment contracts. The company is also finalizing the establishment of a separate entity for the rig operations, further solidifying its financial position.

Desert Mountain Energy Corp. (DMEHF) announced mobilization for cased hole logging on Wells #5, #6, and #7, utilizing advanced tools to enhance data correlation from various gas readings. The completion rig is expected to be on-site at the McCauley Helium Field by mid-April 2022. CEO Robert Rohlfing expressed confidence in the team's progress, aiming for production readiness within the year. The company focuses on helium and noble gases, essential for renewable energy sectors.

Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) provided a corporate update highlighting progress toward production amid a global helium shortage. Key issues include the loss of 25% of helium supply due to a fire in Russia, suspension of production at the Amarillo plant, and supply problems from Algeria and Qatar. The company has set casing in three wells and successfully overturned a court case affecting its operations. With over $18 million in treasury, DME aims for positive cash flow. Upcoming activities include completion of the gathering system and testing of wells by the end of April 2022.

Desert Mountain Energy Corp. (DMEHF) received a significant legal victory as the Arizona Court of Appeals unanimously ruled in its favor, vacating a prior ruling and remanding the case. The Company expressed appreciation for its legal team's efforts and indicated that further announcements regarding Well #3 and related matters will follow. This positive outcome supports Desert Mountain Energy's focus on exploring and developing critical resources like helium and hydrogen, vital for renewable energy and high-tech industries.