Desert Mountain Energy Corp. From the President of the Company. The Company is pleased to announce that it has elected to exercise its option to lease an additional 8,023 acres in Arizona. The Company's geologic team identified the structural highs on the additional acreage based on geophysical data. Along with intact helium traps, structural highs [...]
Desert Mountain Energy Corp. From the President of the Company. The Company is pleased to announce that three of the four components which house the McCauley Helium Processing Facility arrived on-site on December 13, 2022, and were set into place on December 14, 2022. The fourth component is in transit and will be set upon arrival. "The McCauley [...]
Desert Mountain Energy Corp. From the President of the Company. The Company is pleased to announce that it has successfully completed its wildcat well on the Gunnar Dome prospect. As previously announced, the Company made the decision to test multiple zones in the well to have a better understanding of the localized geology with regard to future [...]
Desert Mountain Energy Corp. From the President of the Company. The company is pleased to announce that testing of the McCauley Helium Processing Facility has been completed. The temporary interconnect lines are being removed and modular units are ready for transport. DME currently expects to have all of the units on-site by December 16, 2022. All [...]
Desert Mountain Energy Corp. From the President of the Company. The Company is pleased to announce that it has acquired 40 acres of land for its South Winslow prospect. This land not only provides property to place initial processing equipment but more importantly, provides surface and Right of Way access to multiple, land-locked, state properties [...]
Desert Mountain Energy Corp. The Company is pleased to announce its plant build contractor, GENERON, is completing assembly and will begin testing of the plant by 11/18/2022. It is expected that the testing of all modular units will be completed by 11/29/2022. Once testing is completed, any issues which may arise during testing will be addressed [...]
Desert Mountain Energy Corp. has granted a total of 815,000 incentive stock options at an exercise price of $2.35 per share to its directors, officers, employees, and consultants. The options will be issued to newly appointed directors, officers, and the accounting and legal teams. The options will be subject to the Company's vesting plan. The [...]
Desert Mountain Energy Corp. GUNNAR DOME WELL The workover rig and the required associated equipment are scheduled to arrive next week upon being released from their current work. We will be conducting a cement squeeze operation on both sets of current perforations in order to isolate them. Once completed, perforation into a different zone where [...]
Desert Mountain Energy Corp. The Company is pleased to announce that it has signed a Joint Operating Agreement with Beam Earth Ltd. The JOA initially encompasses the shallow hydrogen zones found while drilling in the McCauley helium field. The agreement provides for the Company's continued ability to remain focused on its helium prospects, whilst [...]
Desert Mountain Energy Corp. The Company is pleased to announce that court in Coconino County has dismissed every claim filed against the Company by the City of Flagstaff with the exception of one breach of contract claim, regarding a prior licensing agreement. The Company is in the process of reviewing all pertinent details of the judge's ruling [...]
Desert Mountain Energy Corp. is pleased to announce that it has closed its non-brokered private placement previously announced on September 1, 2022, raising gross proceeds of CAD $6,090,400. The Company issued 2,342,461 units at a price of CAD $2.60 per Unit. Each Unit is made up of one common share of the Company and one share purchase warrant [...]
Desert Mountain Energy Corp. is pleased to announce that $5.3M has been received with the balance of the announced $5.98M private placement expected to be received shortly. The financing will be closed upon receiving TSXV conditional approval. The completion rig is on the Gunnar Dome Well site. Completion and testing should be completed next week [...]