Tag Archive for: noble gases

DESERT MOUNTAIN ADOPTS ADVANCE NOTICE POLICY

Desert Mountain Energy Corp.’s (“DME” or the “Company”) has is pleased to announce the approval by its Board of Directors effective today of the adoption of an advance notice policy (the “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: (i) a requisition of a meeting made pursuant to the provisions of the B.C. Business Corporations Act (the “Act”), or (ii) a shareholder proposal made pursuant to the provisions of the Act.

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DESERT MOUNTAIN ENERGY DEEPENS AND SETS PRODUCTION CASING ON WELL#3

The Company is pleased to announce that it has successfully re-entered Well #3. After running Cement Bond Log (CBL) to verify that all water courses were protected via multiple strings of casing, previously set and cemented in December 2020.

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DESERT MOUNTAIN ENERGY CLOSES PUBLIC OFFERING OF UNITS FOR GROSS PROCEEDS OF $22 MILLION

The Company is pleased to announce the closing of its previously announced “best efforts” public offering of 11,300,000 units of the Company (each, a “Unit”) at a price of C$1.95 per Unit (the “Issue Price”) for gross proceeds of C$22,035,000, which includes the partial exercise of the Over-Allotment Option (as defined below) (the “Offering”).

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DESERT MOUNTAIN ENERGY FILES FINAL SHORT FORM PROSPECTUS

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 (each, a “Unit”) and a maximum of 10,300,000 Units at a price of C$1.95 per Unit (the “Issue Price”) for minimum gross proceeds of C$10,000,575 and maximum gross proceeds of C$20,085,000 (the “Offering”).

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DESERT MOUNTAIN ENERGY COMPLETES WORK ON McCAULEY HELIUM PROCESSING FACILITY

The Company 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.

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DESERT MOUNTAIN ENERGY ANNOUNCES C$20 MILLION MARKETED PUBLIC OFFERING OF UNITS

The Company is pleased to announce that it has launched a marketed public offering (the “Offering”) of units (the “Units”) in the capital of the Company, at a price to be determined in the context of the market (the “Issue Price”) for gross proceeds of up to C$20 million.

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77 WABC RITA COSBY SHOW WITH ROBERT ROHLFING

Straight from NYC, Robert Rohlfing, CEO and Executive Chairman of Desert Mountain Energy Corp. and 77 WABC sat down with Rita Cosby to discuss the helium industry.

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DESERT MOUNTAIN ENERGY POWERS UP THE McCAULEY HELIUM PROCESSING FACILITY

The Company is pleased to announce that it has completed high-pressure testing of all the processing facility components and has powered up the facility through the compressed natural gas (CNG) generators.

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CBS NEWS RADIO EYE ON THE WORLD WITH JOHN BATCHELOR: Interview With Robert Rohlfing, CEO of Desert Mountain Energy Corp.

Robert Rohlfing, CEO and Executive Director of Desert Mountain Energy Corp. recently appeared on CBS News Radio with host, John Batchelor to discuss the chemistry and engineering of helium extraction. In the full 2 part interview, they discuss

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DESERT MOUNTAIN ENERGY SIGNS LETTER OF AGREEMENT TO PURCHASE AND PROCESS RAW CRUDE HELIUM GAS

The Company is pleased to announce that it has signed a letter of agreement to purchase raw or crude helium gas from PetroSun, subject to approval by the Company and available processing capacity at the anticipated date of delivery.

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