The Company has reserved 1,000,000 stock options aggregated to officers, directors and certain consultants. The options are subject to approval by regulatory agencies and are exercisable for a period of five years at a price of $2.50 which was a premium to the close of market on 01/11/22.
Desert Mountain Energy is pleased to announce the purchase of an additional 40 acres of land for the drilling of developmental wells with plans to begin work this month. The Company is continuing to pursue ownership of acreage surrounding future well locations, believing it is in the best interests of both local landowners and the Company. The permitting process was previously started for the next well in the McCauley field and it is expected to have that permit shortly.
Desert Mountain Energy Corp. is pleased to announce the purchase of 40 acres of land for drilling of developmental wells the planning to start in January 2022. The Company is pursuing ownership of acreages surrounding future well locations, believing it is in the best interests of both local landowners and the Company. Owning the land will allow the Company easy access and the ability to secure the wells while at the same time paying local landholders fair market value for the properties.
The Company is pleased to announce that it has selected GENERON as the main contractor for the build-out of its first Solar/Hydrogen powered Helium processing plant, located in Arizona.
Desert Mountain Energy Corp. is pleased to announce that it has completed additional work on Well #2 and has discovered helium and hydrogen in a lower portion of the previously perforated formation.
Desert Mountain Energy Corp. (DME-TMX.V) is pleased to announce that it has entered into an agreement with Earl Resources Ltd. (ERL-TMX.V), to provide geologic, land, well planning, drilling and completion for the purposes of developing bedded and domal salt cavern energy storage in Arizona and the southwest.
Desert Mountain Energy Corp. announces that it granted on September 22nd, 2021, subject to any necessary regulatory approvals, incentive stock options to purchase in aggregate 275,000 shares of its Common Stock.
Corporate Update – September 21, 2021
Desert Mountain Energy Corp. is pleased to announce that it has finished testing of well #4 and those results show that the company was successful in discovering another new helium field in Arizona.
Desert Mountain Energy Corp. is pleased to announce that it has finished the completion and testing of well #4 and has released the rig.
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