Desert Mountain Energy Corp. is pleased to announce that it has commenced drilling its second helium well in Arizona's Holbrook Basin. DME Well No. State 16-1 was spudded in Navajo County in the central portion of the Basin approximately one mile to the SW of our first well, DME Well No. State 10-1. The well is anticipated to be drilled to a [...]
Desert Mountain Energy confirms at the request of IIROC that its public disclosures are up to date and that there are no material undisclosed corporate events. The Company refers investors to its Press Release dated June 23, 2020, which discusses drilling of the Company's first well in Arizona's Holbrook Basin in detail and outlines next steps in [...]
Desert Mountain Energy Corp. is pleased to announce that it has encountered gas in multiple zones in its first wildcat exploratory well in Arizona's Holbrook Basin. DME Well No. State 10-1 encountered gas in five different zones aggregating approximately 182 ft. in width. The well was spudded on June 17 and was drilled to a total depth of 2354 ft [...]
Desert Mountain Energy Corp. is pleased to announce that it has commenced drilling its first helium well in Arizona's Holbrook Basin. DME Well No. State 10-1 was spudded today in Navajo County in the central portion of the Basin. The well is anticipated to be drilled to a total depth of approximately 2790 ft. The Company's technical team has [...]
- Desert Mountain Energy Corp. U.S. is pleased to announce that it is now mobilizing heavy machinery, equipment and supplies for the initial two wells of its helium drill program in Arizona's Holbrook Basin. Included are the drill rig, swivel, various bits, blow-out protector, air compressors, casing, wiring, cement mix and pumping equipment, etc [...]
Desert Mountain Energy is pleased to announce that it has closed its non-brokered private placement previously announced on June 1, 2020, raising gross proceeds of CAD $651,350. Under the terms of the Offering, the Company issued 1,861,000 Units at a price of CAD $0.35 per Unit. Each Unit consists of one common share of the Company and one-half of [...]
Desert Mountain Energy is pleased to announce that it is proceeding with a non-brokered private placement offering to raise gross proceeds of not less than CAD $500,000 up to CAD $1.0 Million. Under the terms of the private placement, the Company will offer for sale a minimum of 1,428,571 Units up to a maximum of 2,857,143 Units at CAD $0.35 per [...]
Desert Mountain Energy Corp. is pleased to announce that it has now engaged Drake Well Service a highly experienced Southwest Regional drilling contractor that has been family-owned since 1963, to drill the initial two wells of its upcoming helium drill program in Arizona's Holbrook Basin. Drilling is anticipated to commence this June. In addition [...]
Desert Mountain Energy Corp. is pleased to announce that the Arizona Oil & Gas Conservation Commission today granted the Company's drill permits for the initial two holes in its planned helium exploration program in Arizona's Holbrook Basin. The two initial holes are situated in the Eastern portion of the Basin some 35 mi. from the iconic Pinta [...]
Desert Mountain Energy Corp. is pleased to announce that it has completed an advanced Remote Sensing Study covering approximately 377,600 acres in the Holbrook Basin of Northern Arizona, which included areas under lease or option to the Company as well as State and Federal ground. The non-invasive remote study utilized infrared spectral analysis to [...]
Desert Mountain Energy Corp. is pleased to provide a brief update on the status of the Company and its work programs in the current environment as well as an overview of the worldwide helium market in light of the covid-19 pandemic. The Company closed a financing for $1.6 Million on February 27, 2020, and as a result has large cash reserves with [...]
Desert Mountain Energy Corp. announces that it has granted on March 9, 2020, subject to any necessary regulatory approvals, incentive stock options to purchase in aggregate 940,000 shares of its Common Stock. Of such options, 340,000 were granted to a group of four officers and directors, while 600,000 were granted to a group of four consultants [...]