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 [...]
Frankfurt: QM01 Desert Mountain Energy Corp. From the President of the Company The Company is pleased to announce that it has added Marta Hodan Wasko as VP of Geology. Marta is a petroleum geologist with a focus on sedimentology and stratigraphy with multiple years of experience in exploration, development, reservoir characterization, and [...]
Desert Mountain Energy Corp. is pleased to announce that Helium concentrations in Offset Wells #5, #6 & #7 were higher than originally found in Discovery Well #4. The average Helium percentage makeup using combined starting flow rates from the offsets was 3.511%. CO2 averaged 0.0201% with the balance of the gas being Nitrogen. These zones were [...]
Desert Mountain Energy's contractor, GENERON, has begun fabrication of the McCauley Helium Processing Facility. The processing facility is the first solar-powered helium processing facility in the world. In addition to using solar energy, the Company will also use hydrogen that was discovered in the McCauley Helium Field as a backup energy source [...]
Frankfurt: QM01 Desert Mountain Energy Corp. From the President of the Company. Desert Mountain Energy Corp. is pleased to announce that it has completed cased hole work on Wells 5 and 6. Completion work on Well 7 is anticipated to be completed later this week. Bottom hole pressures were within the expected values and the initial flow test and [...]
Desert Mountain Energy Corp. The Company has released a corporate demonstration showcasing our general drilling and casing procedures which exceed state regulatory requirements. Cementing and casing costs have increased by over 19% by following these procedures but are deemed necessary by our technical team. These procedures not only protect [...]
Desert Mountain Energy Corp. has now started completion work on Offset Wells #5, #6 and #7 in the McCauley Helium Field. Sampling will be completed in the next 10-14 days with approximately another 14 days to get results for public release. "The team is excited to finally complete and sample the 3 offset wells in our McCauley Helium Field which [...]
Desert Mountain Energy Corp. From the President of the Company. The Company is pleased to announce that it has purchased five heavy haul rigs to move drilling and plant processing equipment. The Company has lost critical time waiting to get drilling equipment moved and has seen a large increase in heavy haul rig costs. DME spent in excess of USD [...]
