Frankfurt: QM01 Desert Mountain Energy Corp. From the President of the Company. Desert Mountain Energy Corp. has granted a total of 5,875,000 incentive stock options at an exercise price of $0.36 per share to its directors, officers, employees, and consultants. The options will be exercisable for a period of 3 years. ABOUT DESERT MOUNTAIN ENERGY [...]
Frankfurt: QM01 Desert Mountain Energy Corp. From the President of the Company. The Company is pleased to announce the commencement of operations at its helium processing plant on the West Pecos Field in New Mexico. The plant is currently separating helium from the natural gas stream and transferring it to an offtake trailer. The startup procedure [...]
Frankfurt: QM01 Desert Mountain Energy Corp. From the President of the Company. The Company is pleased to announce that it has signed a new agreement with Beam Earth Ltd. to commence hydrogen exploration in Arizona, targeting the fourth quarter of 2024. The previously announced agreement dated July 18, 2022 is superseded by the new arrangement [...]
Desert Mountain Energy is pleased to update its shareholders on the current operational developments in New Mexico and Arizona. DME has successfully installed the necessary physical equipment for the helium processing plant in New Mexico, achieving its initial objective of becoming a fully vertically integrated helium company. The required hardware [...]
Desert Mountain Energy was not able to file its annual audited financial statements for the year ended September 30, 2023 and its related MD&A, and other documents as set out in its news release of Jan 30, 2024. At this time, the Company is continuing to work on the Required Filings and has no further information on this matter. The Company still [...]
Desert Mountain Energy was not able to file its annual audited financial statements for the year ended September 30, 2023 and its related MD&A, and other documents as set out in its news release of Jan 30, 2024. At this time, the Company is continuing to work on the Required Filings and has no further information on this matter. The Company still [...]
Desert Mountain Energy was not able to file its annual audited financial statements for the year ended Sept 30, 2023 and its related MD&A, and other documents as set out in its news release of January 30, 2024. At this time, the Company is continuing to work on the Required Filings and has no further information on this matter. The Company still [...]
Desert Mountain Energy was not able to file its annual audited financial statements for the year ended September 30, 2023 and its related MD&A, and chief executive officer and chief financial officer certifications in respect of the foregoing, as well as its statement of reserves data and other oil and gas information, report on reserves data by an [...]
Desert Mountain Energy is pleased to announce the successful reassembly of its natural gas and helium processing and extraction facility. The Company has received the final operational permit from the BLM. The company has made several plant modifications to enhance safety and accommodate upcoming regulatory changes in 2024. These modifications have [...]
Desert Mountain Energy is pleased to confirm the delivery of all necessary components for the West Pecos helium processing plant. Heavy rains washed out portions of roads not maintained by the Company which delayed delivery of the larger multi-stage compressor. Operational start-up is anticipated to take place in the first half of November [...]
Desert Mountain Energy is excited to report its ongoing success in reassembling the helium processing facility in New Mexico. An additional dehydration unit will be added to the system, resulting in the removal of helium, inert gases, and heavy C-molecules. This will lead to a higher net price for the methane gas produced by the company. The [...]
Desert Mountain Energy is pleased to announce that it has successfully completed the disassembly of the helium processing plant. All components have been transported to the West Pecos Slope Abo Gas Field and reassembly has begun. The Company expects this process to take five to six weeks and plans on starting up the plant shortly after pressure [...]