Desert Mountain Energy - DMEHF STOCK NEWS

Desert Mountain Energy Corp. announced the discovery of a hydrogen field in Arizona, confirming three edges of the field through successful drilling with wells #4, #5, and #6. With a total drilling depth of approximately 4,000 feet, the company achieved significant geological insights, identifying multiple hydrogen-bearing zones, including a high-quality zone of 32 feet without harmful elements. DME is moving forward with innovative drilling techniques while prioritizing environmental protection. Current hydrogen production methods are costly at approximately $12 per gallon, in contrast to gasoline prices around $3.

Desert Mountain Energy Corp. announced the successful completion of drilling operations for Well #5 in the McCauley Field, Arizona, reaching a total depth of 3,925 feet. This marks the company's fifth successful well, with significant helium structures identified, confirming its exploration strategies. CEO Robert Rohlfing indicated plans for an additional Well #7 following the completion of Well #6, aiming to enhance future productivity at the McCauley Finishing Facility in Q3 2022. The company remains focused on exploring critical elements like helium and hydrogen essential for renewable energy.

Desert Mountain Energy has received the permit for the 1-1 offset well at the McCauley Field, poised to enhance productivity in multiple formations. The drilling rig is expected to be mobilized soon, with the well set to reach a depth of approximately 4300 feet. This well marks the second in a series planned to support the upcoming processing plant. The company’s CEO, Robert Rohlfing, indicates a swift transition to further exploratory activities, including the Gunnar Dome prospect, following drilling operations.

Desert Mountain Energy Corp. has reserved 1,000,000 stock options for officers, directors, and certain consultants, pending regulatory approval. These options will be exercisable over five years at a price of $2.50 each, which is above the market close on January 11, 2022. The company focuses on exploring and developing helium, hydrogen, and noble gases, critical elements for the renewable energy and high-tech sectors. Forward-looking statements in the release caution about potential risks and uncertainties affecting future performance.

Desert Mountain Energy Corp. (TSX.V: DME, OTC: DMEHF) has announced the acquisition of an additional 40 acres of land in the McCauley field for upcoming developmental wells, with drilling expected to commence shortly. The company is focused on becoming a vertically integrated helium producer and is in the process of finalizing permits for new wells while establishing contracts with end-users. Notably, they have secured a priority arrangement with Drake Well Services Inc. for drill services, enhancing their operational capabilities.

Desert Mountain Energy Corp. has acquired 40 acres of land for developing wells, with drilling scheduled to begin in January 2022. The acquisition aims to secure strategic locations while compensating local landholders fairly. The company is also building the environmentally friendly McCauley Finishing Facility, powered by solar and hydrogen, with an estimated cost of US$7 million. This facility is expected to have a minimal carbon footprint and enhance DME's position as a leading helium producer in North America.

Desert Mountain Energy Corp. has selected GENERON as the contractor for its first Solar/Hydrogen powered Helium processing plant in Arizona, with completion expected in 28-30 weeks. The plant's green power generation will stabilize costs and reduces build capital by 40% due to the absence of noble gases. The company maintains a strong financial position without the need for additional funding. Weldon Stout has joined the Board of Directors, aiding plans to uplist to NASDAQ in 2022. Future drilling operations are on track, mitigating COVID-related delays.

Desert Mountain Energy Corp. announced the discovery of helium and hydrogen in Well #2, allowing for production commingling with Well #4 in the McCauley Field. Independent lab tests reported composition: nitrogen 91.970%, helium 4.171%, hydrogen 3.832%, CO2 0.019%. The base site preparation for the processing plant is complete, with timelines for initial production to follow. The company remains optimistic about ongoing legal matters regarding Well #3 while cautioning against premature conclusions. Financial risks due to helium prices and regulatory challenges remain pertinent.

Desert Mountain Energy Corp. (DMEHF) has signed an agreement with Earl Resources Ltd. to provide geological and drilling services for energy storage development in Arizona. The company will be reimbursed for expenses and receive a carried override position on projects. If helium is found during drilling, Earl Resources will have a similar carried position on production. This venture is a step towards DME's goal of becoming a vertically integrated helium producer, with plans to start production in 2022 from the McCauley Field.