Desert Mountain Energy Corp. is pleased to announce that it has now acquired an additional 3040 acres under lease for helium, oil & natural gas in the prolific Holbrook Basin of Eastern Arizona. The leases were acquired at auction from the Bureau of Land Management of the U.S. Dept. of the Interior . The new leases are situated in Navajo County [...]
- Desert Mountain Energy Corp. is pleased to announce that it has arranged a non-brokered private placement of up to CAD $859,500. This financing constitutes the second tranche of the CAD $1,500,000 private placement previously announced on June 7, 2018, of which the first tranche closed on July 19, 2018, raising CAD $640,500. Under the terms of [...]
- DESERT MOUNTAIN ENERGY CORP. reports that the recently concluded FY 2019 Crude Helium Auction by the U.S. Bureau of Land Management reflected surging prices in the world Helium market. The auction took place in Amarillo, TX, site of the National Helium Reserve, on August 31, 2018. It was the fifth such auction by the BLM since passage of the [...]
- Desert Mountain Energy Corp. is pleased to announce that it has now closed the sale of all of its right, title and interest in the Yellowjacket Gold Project and related mineral tenures in the Atlin, B.C. mining camp to Brixton Metals Corp. , pursuant to the Asset Purchase and Sale and Royalty Agreement dated August 3, 2018, between the parties [...]
Desert Mountain Energy is pleased to announce that it has signed a binding Asset Purchase and Sale and Royalty Agreement with Brixton Metals, pursuant to which it is selling all of its right, title and interest in the Yellowjacket Gold Project and related mineral tenures in the Atlin, mining camp to Brixton on the terms and conditions set forth [...]
Desert Mountain Energy is pleased to announce that Soren Christiansen has joined the Board of Directors of the Company. He is a highly accomplished oil & gas industry professional who has served as a senior operations executive over a career spanning more than three decades. Mr. Christiansen has overseen drilling and other oil field operations both [...]
Desert Mountain Energy reports that Ardito Martohardjono has resigned his position as a Director of the Company in order to accept a full-time position with Bureau Veritas Commodities Canada, an international leader in testing, inspection and certification. That position precludes him from sitting on the board of directors or serving as an [...]
TSX.V: DME Frankfurt: QM01 July 20, 2018 $640,500 Vancouver, British Columbia / TheNewswire / -- Desert Mountain Energy Corp. is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement which has raised gross proceeds of CAD $640,500. Under the terms of the private placement, the Company has [...]
Desert Mountain Energy is pleased to announce that it has now acquired a further tranche of 12,228 acres under lease for helium, oil & natural gas from the Arizona Department of Land within the prolific Holbrook Basin of Eastern Arizona. The new leases are situated in Navajo, Apache and Coconino Counties. This now brings the Company's total acreage [...]
Desert Mountain Energy is pleased to announce a non-brokered private placement offering to raise gross proceeds of up to CAD $1,500,000. Under the terms of the private placement, the Company will offer for sale up to 7,500,000 Units at CAD $0.20 per Unit. The Company may, in its discretion, increase the size of this offering by up to 20% to a [...]
Desert Mountain Energy is pleased to announce that it has now acquired an additional 12,219 acres under lease for helium oil & natural gas from the Arizona Department of Land within the prolific Holbrook Basin of Eastern Arizona. The new leases are situated in Navajo and Coconino counties. This brings the Company's total acreage under lease in the [...]
Desert Mountain Energy is pleased to announce that it has sold its placer mining tenures in the Atlin, B.C. mining camp to Altan Mining Ltd., of Delta, B.C. The tenures sold were comprised of Placer Lease 361733, Placer Claim 350665 and Placer Claim 379882 covering an aggregate of approximately 466.15 hectares at the Yellowjacket Gold Project in [...]