Desert Mountain Energy Stock Price, News & Analysis

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.

Desert Mountain Energy Corp. announced the granting of incentive stock options for 275,000 shares of its Common Stock on September 22, 2021. These options are available to directors, officers, and consultants, exercisable for three years at a price of CAD $2.83 per share, pending necessary regulatory approvals. The Company focuses on exploring and developing rare noble gas fields in the U.S., targeting elements crucial for renewable energy and high-tech industries.

Desert Mountain Energy Corp. has successfully tested well #4 in Arizona, discovering a new helium field. The testing revealed commercial quantities of helium across 14 zones with a total thickness of 378 feet. An estimated 1.9 BCF of recoverable gas in place includes approximately 1.137% helium. The company anticipates reduced production costs by over 43% due to advancements in water-free extraction methods. Future drilling plans include 5 to 6 additional wells, with operations expected to commence in 2022. Current helium prices stand at $269/mcf for crude and $580 to $2,350/mcf for processed helium.

Desert Mountain Energy Corp. has completed well #4 and released the rig, sending flow gas samples for laboratory testing. CEO Robert Rohlfing highlighted that open hole logs and flow tests yielded significant data, which the exploration team is utilizing for further analysis. The company specializes in discovering rare noble gas fields critical for renewable energy and high technology industries.