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Desert Mountain Energy Corp. (DME) is a publicly traded resource company focusing on the exploration, development, and production of helium, hydrogen, natural gas, and condensate. The company has successfully reassembled its natural gas and helium processing facility and received the final operational permit, enhancing safety and gas production. With plans to increase gas throughput and expand production, DME is working towards exceeding 3,000 MCFGPD from existing wells and perforations. The company is negotiating processed gas sale contracts and exploring CO2 capture and processing opportunities. DME aims to cost-effectively produce food-grade CO2 for potential commercial sale, capitalizing on the shortage of food-grade CO2 in the market. By collaborating with Beam Earth Ltd., DME is set to commence hydrogen exploration in Arizona, expanding its operations and revenue streams.
Desert Mountain Energy Corp. (DME; TSXV: DME, OTC: DMEHF) announced the adoption of an advance notice policy by its Board of Directors, effective immediately. This policy mandates that shareholders must provide advance notice for director nominations, setting deadlines and required information for submissions. Specifically, nominations must be submitted 30 to 65 days prior to any annual or special meeting. The policy will be up for approval at the next annual general meeting. A copy is available on SEDAR. DME focuses on developing rare earth gas fields in the U.S., targeting elements essential to green energy and high-tech industries.
Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) announced the successful re-entry and deepening of Well #3 into Pre-Cambrian Granite. The firm verified that all water courses were protected during the operation, which involved cementing procedures exceeding regulatory standards, costing over $200,000 per well. Mass Spectrometer readings indicated the presence of Hydrogen and Helium without water contamination. Future decisions regarding compatibility with the McCauley Helium Processing Facility depend on sampling results. Recent financing will support business growth as detailed in their corporate presentation.
Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) announced the completion of the McCauley Helium Processing Facility on March 14, 2023. The first sale of helium will be made to an Arizona industrial gas supplier, involving mixtures with purity levels between 99.995% and 99.99995%. CEO Robert Rohlfing expressed pride in achieving this long-term goal of initiating helium sales. The company has proven the facility's effectiveness, which is crucial for future designs and operations. This development positions Desert Mountain Energy as a vertically integrated helium producer, targeting critical elements for renewable energy and technology sectors.
Desert Mountain Energy Corp. (OTC: DMEHF) announced the completion of high-pressure testing of its McCauley Helium Processing Facility, which is now operational via CNG generators. The facility will switch to solar energy upon receiving battery storage units. The company is addressing potential processing challenges due to summer temperatures by having GENERON fabricate and install necessary components in the next 10-14 days. CEO Robert Rohlfing praised the on-site fabrication work despite facing extreme winter conditions. DME aims to optimize throughput and product purity over the coming 90 days.
Desert Mountain Energy Corp. (TSX.V: DME, OTC: DMEHF) announced a letter of agreement to purchase raw helium gas from PetroSun, pending approval and processing capacity. Pricing will be market-based at the time of purchase. The agreement allows Desert Mountain to assist PetroSun in future helium and hydrogen exploration, which may lower operational costs. The company aims to expand its gas purchase agreements and plans additional processing facilities based on its McCauley Helium Processing Facility, optimizing throughput for shareholders. CEO Robert Rohlfing emphasized commitments to environmental protection and operational efficiency.
Desert Mountain Energy Corp. (TSXV: DME; OTC: DMEHF) announced that it has received an exemption from the Arizona Oil and Gas Commission, allowing it to drill wells on 40 acres instead of the standard 640 acres. This exemption facilitates the exploration of hydrogen and helium resources in the McCauley Processing Facility, where flow lines for three proposed hydrogen wells have been installed. The company plans to launch a geophysics program in April 2023, with drilling set for June and results expected by July. Additionally, Desert Mountain Energy has been recognized in the TSX Venture 50 as a top-performing company.
Desert Mountain Energy Corp (TSXV: DME, OTC: DMEHF) announced the lease of an additional 15,600 acres in Arizona for helium production, boosting its total holdings by over 18% to more than 100,000 acres. This strategic move enhances the Company's focus on helium exploration, which is critical for renewable energy and tech industries. The Company is also securing surface property agreements to support future production facilities, demonstrating its commitment to growth and expansion in the helium market.
Desert Mountain Energy Corp (TSX.V: DME, OTC: DMEHF) announced the successful commissioning of the McCauley Helium Processing Facility on January 17, 2023. CEO Robert Rohlfing led the ribbon-cutting ceremony attended by company management, directors, and investment community members. The facility is set to undergo testing this month, followed by a 90-day optimization program before full commercial production begins. The project includes 8 acres of solar panels and nearly completed onsite infrastructure, positioning the company for future growth in the helium market.
Desert Mountain Energy Corp. (DMEHF) has exercised its option to lease an additional 8,023 acres in Arizona, following geophysical data that identified key structural highs essential for helium drilling. The initial production will utilize the McCauley Helium Processing Facility, with future land acquisitions anticipated in 2023. The company focuses on developing helium, hydrogen, and noble gases critical to renewable energy and technology sectors.
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