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 [...]
Desert Mountain Energy is pleased to announce the closing of its previously announced "best efforts" public offering of 11,300,000 units of the Company at a price of C$1.95 per Unit for gross proceeds of C$22,035,000, which includes the partial exercise of the Over-Allotment Option . The Company entered into an agency agreement with Beacon [...]
Further to the Company's news releases of March 2nd and 3rd, 2023, the Company is pleased to announce it has filed and obtained a receipt for the final short form prospectus in connection with its previously announced "best efforts" public offering of a minimum of 5,128,500 units of the Company and a maximum of 10,300,000 Units at a price of C$1.95 [...]
Desert Mountain Energy is pleased to announce the terms of its previously announced marketed public offering of units in the capital of the Company. The Company intends to issue up to 10,300,000 Units at a price of C$1.95 per Unit, for aggregate gross proceeds of up to C$20,085,000. Beacon Securities Limited, is acting as sole Agent in connection [...]
Desert Mountain Energy is pleased to announce that GENERON has completed its work on the McCauley Helium Processing Facility. The initial sale will be going to an Arizona-based industrial gas supplier, which is supplying its own trailer. The Company expects to work through various combinations of gas mixtures, concentrations and final product [...]
Desert Mountain Energy is pleased to announce the terms of its previously announced marketed public offering of units in the capital of the Company. The Company intends to issue up to 10,300,000 Units at a price of C$1.95 per Unit, for aggregate gross proceeds of up to C$20,085,000. Beacon Securities, is acting as sole Agent in connection with the [...]
Desert Mountain Energy is pleased to announce that it has launched a marketed public offering of units in the capital of the Company, at a price to be determined in the context of the market for gross proceeds of up to C$20 million. Beacon Securities, is acting as sole Agent in connection with the Offering. Each Unit will consist of one common [...]
Desert Mountain Energy is pleased to announce that it has completed high-pressure testing of all the processing facility components and has powered up the facility through the compressed natural gas generators. The McCauley Helium Processing Facility will transition to solar energy upon the arrival of the battery storage units. DME has identified a [...]