Desert Mountain Energy is pleased to announce the appointment of Michael O'Shea to the Board of Directors. Michael has agreed to become the head of the audit committee as an independent director. The Company acknowledges that being a publicly traded entity, it requires a board filled with competent independent members to meet the corporate [...]
Desert Mountain Energy is pleased to announce that it has closed on the purchase of the West Pecos Slope Abo Gas Field and gas gathering system located in Chaves County, New Mexico. The Company has assumed operations and the revenue stream from the existing wells. The Company secured a contract for the near term to rent a compressor to boost [...]
Desert Mountain Energy announces the immediate resignation of Jessica Davey from the Board of Directors. The Company thanks Jessica for her contribution and wishes her success in all future endeavours. Desert Mountain Energy is a publicly traded resource company primarily focused on exploration, development and production of helium, hydrogen and [...]
Desert Mountain Energy is pleased to announce that it has signed a binding letter of intent to purchase the Pecos Slope West Abo Gas Field and gas gathering system. The company will close the purchase on June 30, 2023, from a privately held company and will immediately assume operations and revenue from the existing 188 gas wells and 1 water [...]
Desert Mountain Energy wishes to apprise shareholders that it has continued to complete planned work as previously outlined, per the use of proceeds from the last financing. "The Company is in an excellent financial position," said Robert Rohlfing, CEO of DME. "There is approximately $19.7 CDN million cash on hand with significant percentages tied [...]
Desert Mountain Energy is pleased to announce that it has closed on an additional 80 acres of surface property within the McCauley Helium Field which could be significant for future hydrogen and noble gas operations. The Company was offered the property at $125 per acre for a cash deal. Offsetting acreage has been offered to the Company for sale in [...]
Desert Mountain Energy is in the final stage of development that will lead to commercial production. The recently completed financing will allow the company to build all the infrastructure necessary and complete the start-up work necessary to bring six helium wells into production. The McCauley Helium Processing Facility is operational. Nitrogen [...]
Desert Mountain Energy is pleased to announce that, further to its news releases of March 29 and 31, 2023, an additional 545,000 common share purchase warrants of the Company, issued pursuant to its Short Form Prospectus dated March 20, 2023, will commence trading on TSX Venture Exchange at the opening Thursday, April 6, 2023. Warrant Exercise [...]
Desert Mountain Energy is pleased to announce that further to its news release on March 24, 2023 announcing the closing of its "best efforts" public offering of units, Beacon Securities Limited has fully exercised the remainder of its over-allotment option to sell an additional 545,000 Units of the Company at a price per Over-Allotment Unit of [...]
Desert Mountain Energy is pleased to announce 11,300,000 common share purchase warrants of the Company, issued pursuant to its Short Form Prospectus dated March 20, 2023, will commence trading on TSX Venture Exchange at the opening Friday, March 31, 2023. Warrant Exercise Price/Term: $2.70 per common share to March 24, 2025, subject to [...]
Desert Mountain Energy Corp.'s has is pleased to announce the approval by its Board of Directors effective today of the adoption of an advance notice policy that requires advance notice to the Company in circumstances where nominations of persons for election to the Board of Directors are made by shareholders of the Company other than pursuant to [...]
Desert Mountain Energy is pleased to announce that it has successfully re-entered Well #3. After running Cement Bond Log to verify that all water courses were protected via multiple strings of casing, previously set and cemented in December 2020. The Company then deepened the well into the Pre-Cambrian Granite. The casing was set and cemented, and [...]