Desert Mountain Energy Corp.

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 and atmospheric air was injected into the facility at 250-500 psi and it [...]

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 Price/Term: $2.70 per common share to March 24, 2025, subject to acceleration [...]

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 C$1.95 for gross proceeds of $1,062,750 and aggregate gross proceeds 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 acceleration, as described below. Transfer Agent: TSX Trust Company Trading Symbol [...]

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: a requisition of a meeting made pursuant to the provisions of the B.C [...]

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 a cased hole log was run to verify cement. Cementing procedures were done [...]

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 Securities Limited to sell the Units on a commercially reasonable best efforts [...]

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 per Unit for minimum gross proceeds of C$10,000,575 and maximum gross [...]

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 with the Offering. Each Unit will consist of one common share in the capital [...]

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 purity levels over a 90-day period. The industrial gas purchaser understands [...]