Desert Mountain Energy Corp. is pleased to announce that it is proceeding with a non-brokered private placement offering to raise up to CAD $5.98 Million. Under the terms of the private placement, the Company will offer for sale up to 2.3 million Units at CAD $2.60 per Unit. Each Unit will consist of one common share of the Company and one share [...]
In this segment of The Ellis Martin Report, Desert Mountain Energy Corp.'s Executive Chairman Robert Rohlfing reviews the Company's Helium and Hydrogen Projects in Navajo County, Arizona, including the upcoming delivery of the modular solar-powered production facility. Desert Mountain Energy was also pleased to speak at the Asia Pacific Drilling [...]
Frankfurt: QM01 Desert Mountain Energy Corp. , , From the President of the Company. The Company is pleased to announce that it has acquired an additional 40 acres of land for future facilities in Navajo County, Arizona. Desert Mountain Energy Corp. has made progress on the Gunnar Dome prospect and has set and cemented the production casing. The [...]
Desert Mountain Energy Corp. From the President of the Company. The Company is pleased to announce that it has encountered the largest number of helium and hydrogen showings from all wells drilled thus far, on its Gunnar Dome prospect in Arizona. Mass spectrometer readings during drilling operations clearly delineated multiple zones which had [...]
Desert Mountain Energy Corp. From the President of the Company. The Company is pleased to announce they have entered into an agreement with Beam Earth Ltd. to cooperate and define the commercial possibilities of the Company's sulphur-free hydrogen discoveries. Beam Earth Ltd. has expertise in cost-effective and innovative methods to produce [...]
Desert Mountain Energy Corp. From the President of the Company. Desert Mountain Energy is pleased to announce the spudding of the Gunnar Dome Wildcat Well. The intended depth of this well is 4,500'+- and is designed to test all zones to the top Granite Formation. DME will be utilizing the same successful drilling procedures, including multiple [...]
Desert Mountain Energy Corp. From the President of the Company. The Company is pleased to announce that the rig has been released to us and will be mobilized to our Gunnar Dome prospect in Arizona. The intended depth of this well is 4,500'+- and is designed to test all zones to the top Granite Formation. We will be utilizing our same successful [...]
Desert Mountain Energy Corp. Due to general negative market pressures over the weeks, and a corresponding reduction in the Company's trading price, the Company will be reducing the per unit price of the private placement announced June 8 and 21, 2022. The price per Unit of the private placement will be reduced from $3.00 per Unit to $2.50 per Unit [...]
Frankfurt: QM01 Desert Mountain Energy Corp. is pleased to announce that due to greatly increased demand, it is increasing the size of its non-brokered private placement offering recently announced on June 8, 2022. The Company now plans to raise up to CAD $7.5 Million, an increase of 50% over the original amount announced. Under the terms of the [...]
Desert Mountain Energy Corp. is pleased to announce that it is proceeding with a non-brokered private placement offering to raise up to CAD $5 Million. Under the terms of the private placement, the Company will offer for sale up to 1.667 million Units at CAD $3.00 per Unit. The Company may in its sole discretion increase the maximum of the offering [...]
Frankfurt: QM01 Desert Mountain Energy Corp. From the President of the Company. The Company is pleased to announce that it has received permits for the next two helium wells in Arizona. The Gunner Dome wildcat prospect is approximately 16 miles east of the McCauley Helium Field. Operations for this well will begin in July when the rig is finished [...]
In this segment of The Ellis Martin Report, we speak with Don Mosher, the President of Desert Mountain Energy Corp. providing us with an update on what will be the world's first solar powered helium production facility in Holbrook, Arizona. The company is slated potentially to begin producing helium and generating revenue beginning Q3 of 2022 at [...]