Tag Archive for: money

DESERT MOUNTAIN ENERGY ANNOUNCES REVIEW OF FUTURE PROPERTIES FOR HYDROGEN

 

Vancouver, British Columbia DESERT MOUNTAIN ENERGY CORP.  (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) From the President of the Company.

The Company is pleased to announce that it is continuing to review properties it had originally acquired for hydrogen production possibilities.  The Company had originally acquired properties that it considered as highly prospective for both hydrogen and helium production and had chosen to focus on the more easily enhanced nitrogen/helium properties instead of the more involved hydrogen /helium processing facility requirements.  Although the trapping mechanisms are very similar in nature, the more robust nitrogen/helium traps will continue to be the focus of DME.  The Company feels extremely good about the known hydrogen occurrences on the lease properties it had originally included in its acquisitions, however, the current Company leadership had selectively chosen prospective areas for future hydrogen/helium production.     

  

About Desert Mountain Energy

Desert Mountain Energy Corp. is a publicly traded exploration and resource company focused on the discovery and development of rare earth gas fields in the US.  The Company is primarily looking for elements deemed critical to the green energy and high technology industries.

We seek safe harbor.

“Robert Rohlfing”
Robert Rohlfing
Chairman & CEO

For more information, contact:
Don Mosher, Vice President of Finance
(604) 617-5448
E-mail: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties.  Actual events or results may differ from the Company’s expectations.

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forwardlooking statements and information herein include but are not limited to statements regarding the Company’s anticipated performance in the future the planned exploration activities, receipt of positive results from drilling, the completion of further drilling and exploration work, and the timing and results of various activities.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and the United States; financial risks due to helium prices, operating or technical difficulties in exploration and development activities; risks and hazards and the speculative nature of resource exploration and related development; risks in obtaining necessary licenses and permits, and challenges to the Company’s title to properties.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the continued operation of the Company’s exploration operations, no material adverse change in the market price of commodities, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to, and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

VIDEO: DESERT MOUNTAIN ENERGY CORP. SHAREHOLDER MEETING – JANUARY 21, 2021

Thank you for attending the shareholder meeting, The Company is looking forward to the next year. If you have any questions, please send them to:

Don Mosher, Vice President of Finance

[email protected]
(604) 617-5448

 

 

DESERT MOUNTAIN ENERGY SETS DATE FOR CONFERENCE CALL WITH MANAGEMENT, ANNUAL MEETING RESULTS AND MOVING AHEAD WITH 40 ACRE PARCEL FOR PROCESSING FACILITIES

 

Vancouver, British Columbia DESERT MOUNTAIN ENERGY CORP.  (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) From the President of the Company.

The Company is pleased to announce that it has set 4:00 pm EST on 01/21/21  as the time for a conference call with senior management. Callers are welcome to join the Zoom meeting using this link: https://us02web.zoom.us/j/83276358077 The Company is also asking callers to mute their devices unless speaking. It is expected that the CEO will speak for 10-12 mins followed by limited questions. In an effort to cover as many questions as possible, the moderator will permit 15 seconds for a question to be asked, anyone going longer will be cut off and we will move to the next attendee.

The Company held its annual general meeting last Friday with all matters of record being approved by the quorum of voting shareholders. The Company is moving ahead with the purchase of a forty-acre parcel on which to build its processing facilities in Navajo County, Arizona and expects to close shortly.

The Company is also pleased to announce that it has completed filing with the State of Arizona Procurement Office as a qualified well plugging, emergency plugging and plugging engineering company provider to the Arizona Oil and Gas Conservation Commission and AZDEQ. Principals of the Company have been listed as the approved and licensed emergency well responder and well plugging provider in other states and jurisdictions and is pleased to help provide this specialized service to the State of Arizona.     

About Desert Mountain Energy

Desert Mountain Energy Corp. is a publicly traded exploration and resource company focused on the discovery and development of rare earth gas fields in the US.  The Company is primarily looking for elements deemed critical to the renewable & green energy sectors and high technology industries.

We seek safe harbor

“Robert Rohlfing”
Robert Rohlfing
Chairman & CEO

For more information, contact:

Don Mosher, Vice President of Finance

(604) 617-5448

E-mail: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties.  Actual events or results may differ from the Company’s expectations.

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forwardlooking statements and information herein include but are not limited to statements regarding the Company’s anticipated performance in the future the planned exploration activities, receipt of positive results from drilling, the completion of further drilling and exploration work, and the timing and results of various activities.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and the United States; financial risks due to helium prices, operating or technical difficulties in exploration and development activities; risks and hazards and the speculative nature of resource exploration and related development; risks in obtaining necessary licenses and permits, and challenges to the Company’s title to properties.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the continued operation of the Company’s exploration operations, no material adverse change in the market price of commodities, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to, and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

DESERT MOUNTAIN ENERGY EXERCISES ACREAGE OPTIONS AND ACQUIRES AN ADDITIONAL 8,510 ACRES ON PRIVATE LAND

 

Vancouver, British Columbia DESERT MOUNTAIN ENERGY CORP.  (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) From the President of the Company.

The Company is pleased to announce that has exercised some of its options on properties and has acquired an additional 8,510 acres in Navajo County, Arizona.  All of the newest properties are on private lands.  Dr. Ed Coalson and Dr. Jim Cronoble are extremely excited with the number of probable locations across a helium trend where previous wells had helium showings in different horizons within the same wellbore.  Furthermore, our geologic staff is confident this fourth area has all of the proprietary requirements the Company has previously established where fracking is not required for helium production.  The Company will be looking to drill in this area early in the second quarter of 2021 with a multi well package.     

About Desert Mountain Energy

Desert Mountain Energy Corp. is a publicly traded exploration and resource company focused on the discovery and development of rare earth gas fields in the US.  The Company is primarily looking for elements deemed critical to the renewable & green energy sectors and high technology industries.

We seek safe harbor

“Robert Rohlfing”
Robert Rohlfing
Chairman & CEO

For more information, contact:

Don Mosher, Vice President of Finance

(604) 617-5448

E-mail: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties.  Actual events or results may differ from the Company’s expectations.                                                                                                                

DESERT MOUNTAIN ENERGY STAYS ON SCHEDULE IN 2021 WITH DRILLING WELLS #4 AND #5

Vancouver, British Columbia DESERT MOUNTAIN ENERGY CORP.  (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) From the President of the Company.

Desert Mountain Energy Corp.’s (“DME” or the “Company”) efficacy of its proprietary system for geological research has moved from conceptual to reality with actual drilling results. The Company looks forward to proving up more of their forward-thinking methodologies. DME is looking for higher percentage He3 & He4 concentrations similar to what it has thus far found and with similar bottom hole pressures to that found in our first 3 wells.               

The Company is pleased to announce that in keeping with its first quarter 2021 plans, it selected well locations for #4 & #5 and successfully completed the associated cultural resources field work and plant survey. Well #4 will be drilled on private land and leases with both planned wells to be drilled to the Pre-Cambrian Granite at 3,900’+-, with drilling scheduled upon final permit & equipment availability. Both well #4 and #5 will be located approximately 30 miles from wells #1 & #2. The Company’s geological staff believe that the anticlinal feature and required trapping mechanisms for helium are present. It is expected well #4 will be proving up multiple deeper / higher pressured prospective zones. The Company would anticipate the area surrounding this well could accommodate placement of 8-12 wells, the majority of which would be on the same friendly private surface and mineral ownership. In keeping with the Company’s direction of being a responsible member of the community, starting with limiting the surface area of disturbance.  Most of these locations are very close to all weather roads and on sites with little or no vegetations with the utilization of only NSF 60 additives, if required, for the drilling of any well. For the past two decades principal management of the Company has utilized only these environmentally safe additives.        

The Company has had an excellent 2020 with the stock price up in excess of 600% in one year!  This provided the Company the opportunity to raise $13 million at a share price of $1.60 CDN per unit, thereby significantly reducing the overall dilution to current shareholders. Through expedient controls, Company management has lowered its per foot drilling costs approximately 28% between the first and third wells.

DME is well financed for the upcoming drilling while also finalizing and undertaking the development and construction of our processing and solar power facilities. Our goal is specifically designed to discover, produce and sell varying grades of product, (He3 & He4) to meet demands of the ever growing renewable and environmentally sectors. The few helium companies currently with any product are still looking to find someone to partner with. Alternatively,  the Company may look to process a generic product, or to sell a crude helium under whatever terms the market may dictate.  Our goal is to generate the maximum value for our shareholders! Management does not feel possible long-term offtake processing partnerships with large companies provide and serve our stated goals to shareholders. Discussions continue with multiple possible end users for differing grades and applications of our product. The upcoming fusion market will require a significant increase in high grade helium for control and operational features.  Again, the Company has and is targeting specific formations to meet these high quality and high ROI opportunities for our shareholders. 

Our proprietary geologic methodology and modeling was proven again on the third well.  As previously stated in our 12/14/2020 press release the overall average for wildcat exploratory wells for major corporations has decreased from a high of 30.3% in 1997 and 17.6% for independents to a much lower figure now.  DME is currently 3 for 3!

It has been the stated position of the current Company leadership that the first five wells will delineate specific geologic structures, that meet the minimum optimum requirements to have possible commercial helium production, thereby providing the basis from which to build meaningful long term commercial production not only in this area but others. The Pinta Dome Helium Field in Arizona, operated cost effectively for some 13 years and at a time when the pricing was extremely low, compared to the current possible pricing scenario. The Pinta Dome field started out producing at 103#psi flowing pressure.  Our first well flow tested at 900# psi flowing pressure, obviously considerably higher than what the first operators dealt with at Pinta Dome.   

ABOUT DESERT MOUNTAIN ENERGY

Desert Mountain Energy Corp. is a publicly traded exploration and resource company focused on the discovery and development of rare earth gas fields in the U.S.  The Company is primarily looking for elements deemed critical to the renewable energy and high technology industries.

We seek safe harbor

“Robert Rohlfing”

Robert Rohlfing

Chairman & CEO

 

 

For more information, contact:

Don Mosher, Vice President of Finance

(604) 617-5448

E-mail [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties.  Actual events or results may differ from the Company’s expectations.

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forwardlooking statements and information herein include but are not limited to statements regarding the Company’s anticipated performance in the future the planned exploration activities, receipt of positive results from drilling, the completion of further drilling and exploration work, and the timing and results of various activities.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and the United States; financial risks due to helium prices, operating or technical difficulties in exploration and development activities; risks and hazards and the speculative nature of resource exploration and related development; risks in obtaining necessary licenses and permits, and challenges to the Company’s title to properties.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the continued operation of the Company’s exploration operations, no material adverse change in the market price of commodities, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to, and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

DESERT MOUNTAIN ENERGY COMMENCES DRILLING THE THIRD WELL OF ITS HELIUM PROGRAM IN ARIZONA’S HOLBROOK BASIN

Vancouver, British Columbia DESERT MOUNTAIN ENERGY CORP.  (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) From the President of the Company.

Vancouver, British Columbia — Desert Mountain Energy Corp. (the “Company”) (TSX. V:DME) is pleased to announce that it has commenced drilling its third well in Arizona. DME well # State 26-1.

The well is anticipated to be drilled to a total depth (TD) of approximately 2,000 feet. This well is located approximately 70 miles west of the first two wells and is intended to prove up a number of significant geological structures in the western portion of the basin. The Company’s technical team has identified three potential target zones in this well. Surface casing has been set and cemented into place and after sufficient curing time for the cement, drilling to planned TD is ongoing.

After drilling this well to planned TD and a decision has been made to set & cement production casing, a completion rig will be brought in to complete the well, perforate and test specific zones. That testing if undertaken will include a full gas composition test completed by an independent third party.

About Desert Mountain Energy

Desert Mountain Energy Corp. is a publicly traded exploration and resource company focused on the discovery and development of rare earth gas fields in the US.  The Company is primarily looking for elements deemed critical to the green energy and high technology industries.

We seek safe harbor

“Robert Rohlfing”
Robert Rohlfing
Chairman & CEO

For more information, contact:

Don Mosher, Vice President of Finance

(604) 617-5448

E-mail: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties.  Actual events or results may differ from the Company’s expectations.   

DESERT MOUNTAIN ENERGY SECURES PERMIT FOR THIRD WELL, BLUE SKYED IN MULTIPLE STATES

Vancouver, British Columbia DESERT MOUNTAIN ENERGY CORP.  (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) From the President of the Company.

The Company is pleased to announce that the Arizona Oil & Gas Conservation Commission has granted Desert Mountain Energy Corp. the permit to drill the third exploratory helium well in NE Arizona.  This well is located approximately 70 miles west of the two successful wildcat helium wells the Company drilled then completed in August of this year.  This well is situated on a known anticlinal feature which the Company ran proprietary seismic and other geophysical studies pertinent to locating specific trapping mechanisms required to have commercial quantities of helium.

The Company has contacted the drilling contractor and is now in queue for the drill rig in addition to the open hole logging and cementing companies.  The Company anticipates having the well drilled in December weather permitting, followed with perforating and flow testing being completed as expediently as possible, weather permitting. 

After anticipated completion of the third well, the Company anticipates undertaking additional work on both of the first two wells then performing additional flow testing on both wells.  This test data will be added into the previous flow data to secure a more accurate understanding of anticipated flow rates and volumes from which final design criteria for the processing plants will be based. 

The Company, in addition to securing its OTCQB, listing is now listed with both Mergent/Moody’s Manual and Blue Sky Data Corp. and is recognized in over 40 states and US territories.  The Company is a foreign private issuer and claims the exemption pursuant to Rule 12g3-2(b) under the Securities Law Act of 1934.

Additionally, the Company is pleased to announce the addition of Edward Coalson, Ph.D. as our “Qualified Reserves Evaluator”.  Ed received his B.S Geology from Cal State University, M.S. Geology from University of Wyoming, Ph.D. Geology from Colorado School of Mines.  His experience in Petrophysics led to the discovery of many significant oil and gas fields in Colorado and Wyoming. Ed’s experience has been further amplified with teaching courses including Colorado School of Mines.    

About Desert Mountain Energy

Desert Mountain Energy Corp. is a publicly traded exploration and resource company focused on the discovery and development of rare earth gas fields in the US.  The Company is primarily looking for elements deemed critical to the green energy and high technology industries.

We seek safe harbor

“Robert Rohlfing”
Robert Rohlfing
Chairman & CEO

For more information, contact:

Don Mosher, Vice President of Finance

(604) 617-5448

E-mail: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties.  Actual events or results may differ from the Company’s expectations.   

DESERT MOUNTAIN ENERGY ANNOUNCES FULL OTCQB BOARD LISTING

Vancouver, British Columbia – DESERT MOUNTAIN ENERGY CORP. (TSX.V:DME, OTCQB:DMEHF, Frankfurt:QM01) is pleased to announce that it has been granted OTCQB listing status in the U. S.  This move will help facilitate easier access for brokers and new shareholders in the United States.

Also, the company has made significant progress in regards with the decision for placement of the final helium processing facilities and solar power generation plant in NE Arizona.  Upon a purchase agreement being signed, it is anticipated that a phase one environmental study will be conducted, prior to closing on the industrial property we are looking at.

Additionally, the board voted to grant incentive stock options to the most recently appointed board members, the CFO and to two other individuals who perform work for the company in its corporate offices.  These options were granted on October 28, 2020 and are subject to any necessary regulatory approvals.

Said options were granted under the Company’s Stock Option Plan and are exercisable for a period of 3 years at a price of CAD $1.76 per Share.  They are subject to the Company’s customary vesting policy in accordance with the Company’s rolling stock option plan and guidelines established by the exchange.

About Desert Mountain Energy

Desert Mountain Energy Corp. is a publicly traded exploration and resource company focused on the discovery and development of rare earth gas fields in the US.  The Company is primarily looking for elements deemed critical to the green energy and high technology industries.  We are an equal opportunity employer.

We seek safe harbor

  

“Robert Rohlfing”
Robert Rohlfing
Chairman & CEO

For more information, contact:

Don Mosher, Vice President of Finance

(604) 617-5448

E-mail: [email protected]

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein.  The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties.  Actual events or results may differ from the Company’s expectations.                               

Where Helium Is Heading & Turning Desert Mountain Energy Into An Energy Company

In this interview, Andrew O’Donnell is joined by Robert Rohlfing the CEO & Chairman of Desert Mountain Energy. The key topics they discuss are:

• Helium sector
• Outsourcing excess energy
• Closes $9,125,000 Private Placement

Desert Mountain Energy (DME.V) wanted some money, the markets went all ‘No, take more! Take it all!’

“Not so long ago, one of our sales guys called Desert Mountain Energy (DME.V) and said, ‘yo desert bros, we like helium, you got helium, let’s work together.’

DME politely face-palmed. ‘We don’t really have a lot of money,’ they said. ‘We’re transitioning.’

Then their stock ran from $0.70 to $1.70.

Now they’ve got dollars…. READ MORE