Desert Mountain Energy Corp.

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 [...]

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, is acting as sole Agent in connection with the Offering. Each Unit will consist of one common share in the capital of the [...]

Desert Mountain Energy is pleased to announce that it has launched a marketed public offering of units in the capital of the Company, at a price to be determined in the context of the market for gross proceeds of up to C$20 million. Beacon Securities, is acting as sole Agent in connection with the Offering. Each Unit will consist of one common share in the capital of the Company and a number of common share purchase [...]

Desert Mountain Energy 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 generators. The McCauley Helium Processing Facility will transition to solar energy upon the arrival of the battery storage units. DME has identified a few items which could possibly affect processing during elevated summer [...]

Desert Mountain Energy Corp. From the President of the Company. 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. The agreement calls for pricing to be set based on market pricing conditions at the time of purchase and the gaseous chemical [...]

Desert Mountain Energy is pleased to announce that it has been granted an exemption to the 640-acre spacing requirements allowed by the State of Arizona. This exemption will allow the Company to drill wells on 40 acres of spacings as opposed to the usual 1 well per section that is the normal practice allowed by the Arizona Oil and Gas Commission. Flow lines for the 3 proposed hydrogen wells have been trenched and buried [...]

Frankfurt: QM01 Desert Mountain Energy Corp. From the President of the Company. The Company is pleased to announce that it has leased an additional 15,600 acres situated on indicated structural traps for helium. With this acreage combined with the previously announced 8023 acres, Desert Mountain Energy Corp. has increased its Arizona holdings by more than 18% and over 100,000 acres. The Company continues to remain focused [...]