Desert Mountain Energy Corp. is pleased to announce that it has closed its non-brokered private placement previously announced on December 17, 2019 , raising gross proceeds of CAD $1,602,850.16. Under the terms of the Offering, the Company issued 7,285,682 Units at a price of CAD $0.22 per Unit. Each Unit consists of one common share of the Company [...]
Desert Mountain Energy Corp. U.S. is pleased to announce that it has retained the services of Relations Publiques Paradox Inc. to provide investor relations services for the Company, effective immediately. Paradox is a highly- regarded, Montreal-based investor relations consultancy firm that has been in business for over 20 years. They have [...]
Desert Mountain Energy Corp. is pleased to announce that it is proceeding with a non-brokered private placement offering to raise gross proceeds of up to CAD $1.98 Million. Under the terms of the private placement, the Company will offer for sale up to 9,000,000 Units at CAD $0.22 per Unit. The Company may in its discretion increase the size of the [...]
Desert Mountain Energy is pleased to announce that it has optioned approximately 23,000 additional acres of helium, oil & gas leases in the prolific Holbrook Basin of eastern Arizona. This brings the Company's total acreage under its control in the Basin to 65,911 acres. The leases were optioned for a period of three years directly from private [...]
Desert Mountain Energy is pleased to announce that it has acquired an additional 3169 acres under lease for helium, oil and natural gas in the prolific Holbrook Basin of eastern Arizona. The leases were acquired directly from the Arizona Department of Land. They are situated in Coconino County, in the Company's Heliopolis project area in close [...]
Desert Mountain Energy Corp. is pleased to announce that it has now been issued permits by the Oil & Gas Conservation Division of the Oklahoma Corporation Commission in Oklahoma City to drill two new primary wells during the next six months in the Company's Kight-Gilcrease Sand Unit oil field in Seminole County . The two wells permitted are the [...]
Desert Mountain Energy announces that it granted on August 21, 2019, subject to any necessary regulatory approvals, incentive stock options to purchase in aggregate 800,000 shares of its Common Stock. Of such options, 450,000 were granted to a group of six officers and directors, while 350,000 were granted to a group of five consultants and [...]
Desert Mountain Energy is pleased to announce that it has now filed two separate applications with the Oil & Gas Conservation Division of the Oklahoma Corporation Commission in Oklahoma City to acquire drill permits for two new primary wells in the Company's Kight-Gilcrease Sand Unit oil field in Seminole County. The two wells will be simple [...]
Desert Mountain Energy is pleased to announce that it has now successfully completed all of its planned 2-D seismic studies in the Holbrook Basin of Northeastern Arizona. The geophysics program was carried out by Bird Seismic of Globe, highly experienced local geophysics professionals with an outstanding reputation for quality work product and [...]
Desert Mountain Energy Corp. is pleased to announce that Brixton Metals Corp. has released favorable drill results from its Thorn property in B.C's Golden Triangle by Press Release dated July 15, 2019. The results included an intersection of 554.70 m of 1.97 g/t AuEq, including 135.96 m of 1.35 g/t Au, 0.31% Cu, 133.62 g/t Ag or 5.00 g/t AuEq at [...]
Desert Mountain Energy Corp. is pleased to announce that analytical tests performed on gas samples from three existing oil & gas wells in the Company's Kight-Gilcrease Sand Unit oil field in Seminole County, OK returned positive results for the presence of helium, with concentrations up to 1.3622% He. These initial test results are viewed by [...]
Desert Mountain Energy is pleased to announce that Mr. Scott Davis, CPA, CGA, has been appointed to serve as the new Chief Financial Officer of the Company, replacing Ms. Jennifer Todhunter. Ms. Todhunter has resigned as CFO, Corporate Secretary and as a Director in order to pursue other professional and personal interests outside the resource [...]