Desert Mountain Energy Corp. is pleased to announce that it has closed its non-brokered private placement previously announced on 09/14/20, raising gross proceeds of CAD $4,000,000. Under the Offering the Company issued 2,500,000 units at a price of CAD $1.60 per Unit. Each Unit is made up of one common share of the Company and one share purchase [...]
Desert Mountain Energy Corp. The Company is pleased to announce that it has signed a contract for the engineering gas feed study with SIGIT, with offices located in Denver, CO. to design the solar power operated processing facilities for the helium operations in NE Arizona. The company currently plans on starting helium production in the fourth [...]
Desert Mountain Energy Corp. is pleased to announce that it has closed it's non-brokered private placement previously announced on 09/11/20 , raising gross proceeds of CAD $9,124,899. Under the Offering the Company issued 5,703,062 units at a price of CAD $1.60 per Unit. Each Unit is comprised on one common share and one share purchase warrant [...]
Desert Mountain Energy Corp. is pleased to announce that it is proceeding with a non-brokered private placement offering to raise up to CAD $4.0 Million. Under the terms of the private placement, the company will offer for sale up to 2,500,000 units at CAD $1.60 per unit. This offering is in addition to the previously announced non-brokered private [...]
Desert Mountain Energy is pleased to announce that it is proceeding with a non-brokered private placement offering to raise up to CAD $9.0 Million. Under the terms of the private placement, the company will offer for sale up to 5,625,000 units at CAD $1.60 per unit. The company may at its sole discretion increase the maximum of the offering by up [...]
Desert Mountain Energy Corp. is pleased to announce that it has tested significant Helium percentages in its new exploratory wells in Arizona. The company has completed its independent gas analyses on both of its exploratory wells in Arizona, the State 10-1 and State 16-1. In the 10-1 well the company perforated 5 feet of a limey sand in the lower [...]
Desert Mountain Energy Corp. is pleased to announce that it has released the completion rig on both the State 10-1 and State 16-1 wells in Navajo County, Arizona. Flow tests have been conducted after perforating on both wells from zones where significant gas flows where found during drilling operations. The Company feels the pressure and volumes on [...]
Desert Mountain Energy Corp. U.S. is pleased to announce that completion and testing operations have now commenced at its initial two wildcat helium wells in Arizona's Holbrook Basin, DME Well No. State 10-1 and DME Well No. State 16-1. Both wells were successfully drilled in June and July with production casing set. As reported in our Press [...]
Desert Mountain Energy Corp. is pleased to announce that it has appointed Mr. Don Mosher and Ms. Jenaya Rohlfing to the board of directors at its meeting last Friday, August 14, 2020. Additionally, the board voted to grant incentive stock options to purchase in aggregate 490,000 shares of its Common Stock to the recently appointed board members and [...]
Desert Mountain Energy Corp. is pleased to announce that Mr. Don Mosher has accepted a position as Vice-President of Capital Markets and as a Director of the Company. He replaces Ben Catalano on the Board, who has resigned as a director after 12 years of service to the Company to pursue other personal endeavors. In addition, Ms. Jenaya Rohlfing has [...]
Desert Mountain Energy Corp. U.S. is pleased to announce that it has received in $474,000.00 CDN from warrants which expired on July 19, 2020. These funds will used to continue the drilling and geophysical programs and for general working capital. The Company is well funded and does not anticipate further equity dilution financing in the near term [...]
Desert Mountain Energy Corp. U.S. The Company is pleased to announce the addition of Dr. James Cronoble to both the board of directors and as Vice President of exploration. He earned his B.S. in Geology from the University of Oklahoma followed with both his M.S. and PhD. in Geology from the Colorado School of Mines. His more than forty years of [...]
