The Company is pleased to announce that court in Coconino County, AZ 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.
DME is pleased to announce that it has closed its non-brokered private placement previously announced on September 1, 2022 (the “Offering”), raising gross proceeds of CAD $6,090,400.
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.
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.
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 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.
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.
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.
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.
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.
Vancouver, Canada Office
750 West Pender Street
Vancouver, BC V6C 2T7
Email: [email protected]