View Financial HealthDesert Mountain Energy 배당 및 자사주 매입배당 기준 점검 0/6Desert Mountain Energy 배당금을 지급한 기록이 없습니다.핵심 정보n/a배당 수익률-3.7%자사주 매입 수익률총 주주 수익률-3.7%미래 배당 수익률n/a배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향n/a최근 배당 및 자사주 매입 업데이트업데이트 없음모든 업데이트 보기Recent updatesReported Earnings • May 29Second quarter 2026 earnings released: CA$0.003 loss per share (vs CA$0.007 loss in 2Q 2025)Second quarter 2026 results: CA$0.003 loss per share (improved from CA$0.007 loss in 2Q 2025). Net loss: CA$283.2k (loss narrowed 57% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.공고 • Apr 10Desert Mountain Energy Corp. announced that it has received CAD 3 million in fundingOn April 9, 2026. Desert Mountain Energy Corp. announces that it has closed the transaction. In consideration for their services, the Company paid the Agent a cash commission of CAD 180,000 and issued 418,604 non-transferable options (the “Compensation Options”). In addition, the Company paid the Agent a corporate finance fee consisting of CAD 90,000 cash and 209,302 Units.공고 • Mar 31Desert Mountain Energy Corp., Annual General Meeting, May 27, 2026Desert Mountain Energy Corp., Annual General Meeting, May 27, 2026. Location: british columbia, vancouver CanadaNew Risk • Mar 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m (CA$306k revenue, or US$225k). Minor Risk Market cap is less than US$100m (CA$29.8m market cap, or US$21.9m).Reported Earnings • Mar 02First quarter 2026 earnings released: CA$0.002 loss per share (vs CA$0.007 loss in 1Q 2025)First quarter 2026 results: CA$0.002 loss per share (improved from CA$0.007 loss in 1Q 2025). Net loss: CA$154.8k (loss narrowed 76% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings.공고 • Feb 05Desert Mountain Energy Corp. Appoints Timothy S. Orr, Esq. as Chief Operating OfficerDESERT MOUNTAIN ENERGY CORP. announced the appointment of Mr. Timothy S. Orr, Esq. as Chief Operating Officer. This leadership addition signals the Company's strategic positioning as a critical utility provider through Project Helios, a strategic initiative to deploy dedicated energy, cooling solutions, and Helium supplies for Digital Infrastructure, Artificial Intelligence (AI) and Defense sectors. Mr. Orr joins the executive team with over 25 years of experienceacross public company management, corporate law, and high-growth venture leadership. As a licensed attorney with a background in complex asset acquisitions and operational execution, Mr. Orr will oversee the physical and regulatory build-out of the Company's utility-scale infrastructure. His primary focus will include: //st Infrastructure Scaling: Directing the development of midstream assets, including the 14.5-mile pipeline and salt cavern storage facilities required to provide "always-on" power. U.S. Exchange Readiness: Planning the Company's uplisting to a senior U.S. Exchange to reflect its evolution from a resource explorer to a midstream helium &utility provider. Corporate Governance: Implementing institutional-grade compliance and SEC-level reporting to support long-term infrastructure contracts with defense and tech partners.Reported Earnings • Jan 29Full year 2025 earnings released: CA$0.025 loss per share (vs CA$0.051 loss in FY 2024)Full year 2025 results: CA$0.025 loss per share (improved from CA$0.051 loss in FY 2024). Net loss: CA$2.30m (loss narrowed 50% from FY 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings.공고 • Jan 21Desert Mountain Energy Corp. announced that it has received CAD 0.3375 million in fundingOn January 20, 2026, Desert Mountain Energy Corp. closed the transaction. In connection with the closing, the company paid finders’ fees of CAD 27,000 and issued 108,000 non-transferable finder warrants at a price of CAD 0.25 per share for a 12-month period from the closing date.공고 • Jan 15Desert Mountain Energy Corp. announced that it expects to receive CAD 0.275 million in fundingDesert Mountain Energy Corp. announced a non-brokered private placement of 1,100,000 Units of the company at a price per share of CAD 0.25 to raise gross proceeds of CAD 275,000 on January 14, 2026. Each Unit will consist of one common share of the Company and one share purchase warrant with each whole Warrant allowing the subscriber to purchase one additional share of the Company for a period of one year from the date of the closing at a price of CAD 0.35 per share. Finder's fees are payable of up to 8% in cash and 8% in finder warrants, with the finder warrants having an exercise price of CAD 0.25 per share. The Units will be subject to a 4 month hold period. The private placement is subject to the approval of the TSX Venture Exchange.New Risk • Dec 10New major risk - Revenue and earnings growthEarnings have declined by 10% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.9m free cash flow). Earnings have declined by 10% per year over the past 5 years. Revenue is less than US$1m (CA$258k revenue, or US$187k). Minor Risks Share price has been volatile over the past 3 months (18% average weekly change). Market cap is less than US$100m (CA$26.0m market cap, or US$18.9m).New Risk • Oct 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.9m free cash flow). Revenue is less than US$1m (CA$258k revenue, or US$184k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$35.3m market cap, or US$25.2m).공고 • Sep 11Desert Mountain Energy Corp. Announces Arizona Supreme Court Denial of City of Flagstaff PetitionDesert Mountain Energy Corp. announced that on September 9, 2025, the Arizona Supreme Court denied the City of Flagstaff's petition for Review of a Special Action Decision of the Court of Appeals in City of Flagstaff v. Desert Mountain Energy Corp. That, as a result of this decision, the entirety of the Arizona Court of Appeals' March 4, 2025, decision is upheld. The Company will have additional comments shortly.Reported Earnings • Aug 28Third quarter 2025 earnings releasedThird quarter 2025 results: Net income: (up CA$1.66m from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 58% per year, which means it is significantly lagging earnings.New Risk • Aug 28New major risk - Revenue and earnings growthEarnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m (CA$364k revenue, or US$265k). Minor Risk Market cap is less than US$100m (CA$17.0m market cap, or US$12.3m).Board Change • Jul 30Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Michael O'Shea was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공고 • May 21Desert Mountain Energy Corp. announced that it has received CAD 0.9815 million in fundingOn May 20, 2025, Desert Mountain Energy Corp., closed the transaction. The company issued 40,000 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 10,000 in its fourth and final tranche closing. The company has now raised a total of CAD 981,500 through the issuance of 3,926,000 units.Major Estimate Revision • May 04Consensus revenue estimates decrease by 16%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CA$4.90m to CA$4.10m. EPS estimate unchanged from -CA$0.02 per share at last update. Metals and Mining industry in Canada expected to see average net income growth of 28% next year. Consensus price target of CA$0.50 unchanged from last update. Share price rose 7.0% to CA$0.23 over the past week.New Risk • Apr 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (CA$369k revenue, or US$264k). Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$488k net loss next year). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$20.3m market cap, or US$14.5m).공고 • Apr 01Desert Mountain Energy Corp., Annual General Meeting, May 30, 2025Desert Mountain Energy Corp., Annual General Meeting, May 30, 2025. Location: british columbia, vancouver Canada공고 • Mar 05Arizona Court of Appeals Rules in Favour of Desert Mountain EnergyDesert Mountain Energy Corp. announced that on March 4, 2025, the Arizona Court of Appeals, Division One, issued a 12-page opinion in which it found that the City of Flagstaff's claims against Desert Mountain Energy Corp. were null and void. The Court instructed the Trial Court to enter summary judgment in favor of DME. The company will issue further updates on these matters when deemed appropriate.공고 • Mar 01Desert Mountain Energy Corp. announced that it has received CAD 0.514 million in fundingOn February 28, 2025. Desert Mountain Energy Corp. has closed the transaction. it has issued 2,056,000 Units at a price of CAD 0.25 per Unit for gross proceeds of CAD 514,000. Finder's fees consisted of 153,280 finders warrants and CAD 38,230 cash. The Units will be subject to a 4 month plus one day hold period expiring June 28, 2025.Reported Earnings • Feb 28First quarter 2025 earnings released: CA$0.007 loss per share (vs CA$0.01 loss in 1Q 2024)First quarter 2025 results: CA$0.007 loss per share (improved from CA$0.01 loss in 1Q 2024). Net loss: CA$647.3k (loss narrowed 25% from 1Q 2024). Revenue is forecast to grow 116% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings.공고 • Feb 05Desert Mountain Energy Corp. announced that it expects to receive CAD 2 million in fundingDesert Mountain Energy Corp. announced a non-brokered private placement to issue 8,000,000 units at issue price of CAD 0.25 per unit for gross proceeds of CAD 2,000,000 on February 4, 2025. Each Unit will consist of one common share of the Company and one share purchase warrant, with each whole Warrant allowing the subscriber to purchase one additional share of the Company for a period of one year from the date of the closing at a price of CAD 0.35 per share. Finder's fees are payable of up to 8% in cash and 8% in finder warrants, with the finder warrants having an exercise price of CAD 0.35 per share, but with no forced conversion. The Units will be subject to a 4-month hold period. The private placement is subject to the approval of the TSX Venture Exchange.Breakeven Date Change • Jan 30Forecast breakeven date pushed back to 2026The analyst covering Desert Mountain Energy previously expected the company to break even in 2025. New forecast suggests losses will reduce by 59% to 2025. The company is expected to make a profit of CA$3.70m in 2026. Average annual earnings growth of 122% is required to achieve expected profit on schedule.Reported Earnings • Jan 27Full year 2024 earnings: EPS in line with expectations, revenues disappointFull year 2024 results: CA$0.051 loss per share (improved from CA$0.14 loss in FY 2023). Net loss: CA$4.58m (loss narrowed 61% from FY 2023). Revenue is forecast to grow 84% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings.Board Change • Dec 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Michael O'Shea was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Price Target Changed • Nov 01Price target decreased by 7.7% to CA$0.60Down from CA$0.65, the current price target is provided by 1 analyst. New target price is 74% above last closing price of CA$0.34. Stock is up 4.5% over the past year. The company is forecast to post a net loss per share of CA$0.05 next year compared to a net loss per share of CA$0.14 last year.공고 • Oct 25Desert Mountain Energy Corp. Continues to Grow Supply for Helium Industry in ArizonaDesert Mountain Energy Corp. announced that as interest in the helium industry in Arizona continues to grow, DME, along with a coalition of interested parties, is coming together to push for legislative change that will support the economic extraction of helium and hydrogen gases while also protecting vital aquifers. The coalition is working closely with the Arizona State Government to implement regulations that will strike a balance between industry needs and environmental protection. By clearly defining regulations that safeguard aquifers while allowing for the economic extraction of these valuable gases, the coalition aims to promote sustainable growth in the industry. In addition to the environmental benefits, the coalition is also highlighting the potential tax revenue that could be generated from the high-tech industry and the development of naturally occurring resources in Arizona. By promoting the economic benefits of the helium and hydrogen industry, the coalition hopes to garner support for their efforts to implement responsible regulations.Reported Earnings • Aug 29Third quarter 2024 earnings released: CA$0.018 loss per share (vs CA$0.017 loss in 3Q 2023)Third quarter 2024 results: CA$0.018 loss per share (further deteriorated from CA$0.017 loss in 3Q 2023). Net loss: CA$1.66m (loss widened 6.9% from 3Q 2023). Revenue is forecast to grow 171% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings.공고 • Aug 27Desert Mountain Energy Corp Advances Helium Extraction in ArizonaDesert Mountain Energy Corp. announced its ongoing collaboration with key stakeholders across Arizona, including members of Congress, relevant state agencies, trade associations, and the private sector, to advance the responsible extraction of helium. DME is also actively engaging at the federal level, positioning helium as a vital resource for national defense, healthcare and a critical component of supply chain. By working with congressional delegation and various stakeholders who understand the significance of helium not just for Arizona, but for the nation. DME is building the necessary support to seek the inclusion of helium to the United States Geological Survey (USGS) critical mineral list. Materials included on this list are afforded several benefits such as eligibility for additional clean energy tax credits, research grants and a streamlined permitting process. Desert Mountain Energy remains committed to working closely with all stakeholders to achieve a balanced approach that benefits Arizona's economy and environment.Reported Earnings • Jun 05Second quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.022 loss in 2Q 2023)Second quarter 2024 results: CA$0.01 loss per share (improved from CA$0.022 loss in 2Q 2023). Net loss: CA$888.7k (loss narrowed 48% from 2Q 2023). Revenue is forecast to grow 131% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 57% per year, which means it is performing significantly worse than earnings.공고 • Apr 09Desert Mountain Energy Corp., Annual General Meeting, May 31, 2024Desert Mountain Energy Corp., Annual General Meeting, May 31, 2024.Reported Earnings • Mar 24Full year 2023 earnings released: CA$0.14 loss per share (vs CA$0.10 loss in FY 2022)Full year 2023 results: CA$0.14 loss per share (further deteriorated from CA$0.10 loss in FY 2022). Net loss: CA$11.6m (loss widened 54% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings.New Risk • Mar 12New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$22m free cash flow). Earnings have declined by 52% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (15% increase in shares outstanding). Revenue is less than US$5m (CA$1.7m revenue, or US$1.3m). Market cap is less than US$100m (CA$22.6m market cap, or US$16.7m).공고 • Jan 23Desert Mountain Energy Completes Reassembly of West Pecos Field PlantDesert Mountain Energy Corp. announced the successful reassembly of its natural gas and helium processing and extraction facility. The Company has received the final operational permit from the BLM. The company has made several plant modifications to enhance safety and accommodate upcoming regulatory changes in 2024. These modifications have allowed DME to significantly increase overall gas production and begin plant operations for total natural gas throughput. Plant modifications include the ability to automatically bypass the main gas portion of the gas processing facility and continue natural gas sales. The West Pecos Field Plant has been specifically designed to meet a variety of customer purity requirements for gaseous helium, ensuring a maximum return on investment. The purchase of the West Pecos Abo Gas Field included an existing offtake contract that requires all gas to be sold under its terms for the remaining short term of the contract. Depending upon the outcome of ongoing discussions, the Company may need to wait for the expiration of the current gas purchase agreement on May 31, 2024 to begin full-time helium extraction and sales. The Company will not litigate any disputes with the offtake partner and is prepared to wait for the contract to expire. While the Company is negotiating with the current offtake partner, processed gas sale contracts are being explored and negotiated directly with end users.Price Target Changed • Nov 17Price target decreased by 82% to CA$0.68Down from CA$3.85, the current price target is an average from 2 analysts. New target price is 73% above last closing price of CA$0.39. Stock is down 86% over the past year. The company posted a net loss per share of CA$0.10 last year.Board Change • Nov 17Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Michael O'Shea was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공고 • Aug 18Desert Mountain Energy Completes Helium Processing Facility Move to New Mexico Gas FieldDESERT MOUNTAIN ENERGY CORP. announced that it has successfully completed the disassembly of the helium processing plant. All components have been transported to the West Pecos Slope Abo Gas Field and reassembly has begun. The Company expects this process to take five to six weeks and plans on starting up the plant shortly after pressure testing of critical components is completed. The Company has initiated the process of pigging flow lines, replacing specific portions of the flow lines and implementing maintenance procedures for the flow lines. Pigging of lines will help to lower flowing pressures from the furthest distant wells. The Company has also begun the process of removing choke points and will continue that process over the next 3-4 months. DME has purchased smaller volume compressors to initially enable boosting production from the wells containing the higher levels of helium. This includes independent gas analysis on individual wells to ensure a correlation between the flow tests originally provided to by the seller. DME's goal continues to initially target wells where tests and the previous tests from the past two years of production showed helium values to be above 0.7% and have an initial aggregate plant throughput for helium production above 0.50%. Currently, well flow line pressures have risen over the past month across the entire field due to the IACX gas plant being down for repairs and maintenance. In one example, the well furthest south was still selling some gas with the meter pressure showing at 184#psi. This well is located at the end of almost 9 miles of 2" flow line and over time, will incorporate boost compressors to cost-effectively increase production from outlying wells. Under current contracts, the Company will not be due to pay royalties on any inert gases recovered through plant operations. As mentioned previously by the Company, the condensate values and BTU values can vary widely between the wells. DME has initiated discussions with natural gas end users regarding the purchasing of natural gas after the current contract expires. All necessary permits for current operations are in hand.공고 • Aug 10Desert Mountain Energy Corp. Appoints Michael O'shea to the Board of DirectorsDesert Mountain Energy Corp. announced the appointment of Michael O'Shea to the Board of Directors. Michael has agreed to become the head of the audit committee as an independent director. The Company acknowledges that being a publicly traded entity, it requires a board filled with competent independent members to meet the corporate governance standards set by the BCSC. Michael is an accomplished professional with significant experience in senior audit and management roles. His career spanned +35 years initially articling with KPMG and the Ontario Provincial Auditor's Office, followed by senior audit positions at Enbridge and Gulf Canada. Michael then returned to the Ontario government where heheld seniormanagement and audit roles, including Ontario Hydro and regulatory positions at the Ontario Telephone Commission and the Ontario Energy Board. Michaelhas acted as a director on several boards including Whitby Minor Lacrosse and a Condominium Board. In addition to his professional career, Michael has taught Audit and Accounting courses at York University and several colleges. He is an active member of the Quinte Health Board, which oversees four hospitals and serves on the Audit and Resources and Senior Leadership Evaluation and Compensation Committees.공고 • Jul 07+ 1 more updateDesert Mountain Energy Corp. (TSXV:DME) completed the acquisition of Pecos Slope West Abo Gas Field located in Chaves County, New Mexico.Desert Mountain Energy Corp. (TSXV:DME) signed a binding letter of intent to acquire Pecos Slope West Abo Gas Field located in Chaves County, New Mexico for $2 million on June 19, 2023. Desert Mountain Energy also acquires gas gathering system at same location for $0.5 million. The company will close the purchase on June 30, 2023, from a privately held company and will immediately assume operations and revenue from the existing 188 gas wells and 1 water disposal well. Desert Mountain Energy Corp. (TSXV:DME) completed the acquisition of Pecos Slope West Abo Gas Field located in Chaves County, New Mexico on July 6, 2023.Price Target Changed • Jul 07Price target decreased by 81% to CA$0.75Down from CA$4.00, the current price target is provided by 1 analyst. New target price is 72% above last closing price of CA$0.43. Stock is down 79% over the past year. The company posted a net loss per share of CA$0.10 last year.공고 • Jul 01Desert Mountain Energy Corp. Announces Resignation of Jessica Davey from Board of DirectorsDesert Mountain Energy Corp. announced the immediate resignation of Jessica Davey from the Board of Directors. The Company thanks Jessica for her contribution and wishes her success in all future endeavours.New Risk • Jul 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$23m free cash flow). Earnings have declined by 56% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (CA$1.4m revenue, or US$1.1m). Market cap is less than US$100m (CA$90.3m market cap, or US$68.1m).공고 • Jun 20Desert Mountain Energy Corp. (TSXV:DME) signed a binding letter of intent to acquire Pecos Slope West Abo Gas Field located in Chaves County, New Mexico for $2 million.Desert Mountain Energy Corp. (TSXV:DME) signed a binding letter of intent to acquire Pecos Slope West Abo Gas Field located in Chaves County, New Mexico for $2 million on June 19, 2023. Desert Mountain Energy also acquires gas gathering system at same location for $0.5 million. The company will close the purchase on June 30, 2023, from a privately held company and will immediately assume operations and revenue from the existing 188 gas wells and 1 water disposal well.공고 • Dec 15Desert Mountain Energy Corp. Successfully Completes Gunnar Dome WellDESERT MOUNTAIN ENERGY CORP. announce that it has successfully completed its wildcat well on the Gunnar Dome prospect. As previously announced, the Company made the decision to test multiple zones in the well to have a better understanding of the localized geology with regard to future drill locations. A total of seven zones were perforated, tested, then squeezed off and bridge plugs were set to ensure complete closure. Many of the zones had gaseous mixtures which the McCauley processing plant is not currently set up to extract. The two sections which were perforated for production are within the same geologic formation and are separated by an impermeable layer with similar pressure. Both zones were perforated in a manner to stay within an area of only connate formation water values. Water-free or near-water-free Helium production is a continuing Company goal. The upper zone contained 96.5422% Nitrogen, 0.0063% CO2, and 2.8232% Helium with the balance being constituted by fractional percentages of Methane, Ethane, Propane and Hexanes++. The lower perforated zone contained 98.5523% Nitrogen, 0.0075% CO2, and 0.7183% Helium with the balance containing the same types of the aforementioned fractional molecules. Most of the seven zones tested contained a similar range of high Nitrogen and varied Helium percentages, providing additional support to the Company's ability to find Helium in a primary Nitrogen environment, staying away from areas with elevated levels of CO2. The Company plans on initial Gunnar Dome production being metered and then transported approximately 24 miles to the McCauley Helium Processing Facility. Throughput numbers will not be announced until production has been established.공고 • Dec 08Desert Mountain Energy Corp. Completes Testing of the McCauley Helium Processing FacilityDESERT MOUNTAIN ENERGY CORP. announced that testing of the McCauley Helium Processing Facility has been completed. The temporary interconnect lines are being removed and modular units are ready for transport. DME currently expects to have all of the units on-site by December 16, 2022. All necessary equipment, such as cranes, has been scheduled to be on-site to lift the modular housing onto the prepared foundations. Commissioning of the facility is planned for January 2023.Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 1 independent director (6 non-independent directors). CEO & Executive Chairman Robert Rohlfing is the most experienced director on the board, commencing their role in 2019. Independent Director Jenaya Rohlfing was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.공고 • Oct 04Desert Mountain Energy Corp. Provides Update on Gunnar Dome Well UpdateDesert Mountain Energy Corp. has tested two zones in the Gunnar Dome well and found helium. The gaseous composition of that specifically tested interval would not be compatible for production with the planned McCauley Helium Processing Facility. Therefore, the Company is scheduling the rig and associated equipment to come out, isolate the tested zone and complete the well into another zone where helium was seen on the mass spectrometer without the inclusion of other noble gases. DME will advise upon completion of that work.공고 • Sep 14+ 1 more updateCourt Grants Motion to Dismiss Claims Against Desert Mountain Energy CorpDESERT MOUNTAIN ENERGY CORP. announced that court in Coconino County, AZ has dismissed every claim filed against the Company by the City of Flagstaff with the exception of one breach of contract claim, regarding a prior licensing agreement. The Company is in the process of reviewing all pertinent details of the judge's ruling and will be announcing plans in regards to its well at the appropriate time.공고 • Sep 02Desert Mountain Energy Corp. announced that it expects to receive CAD 5.98 million in fundingDesert Mountain Energy Corp. announced a non-brokered private placement of up to 2.3 million units at price of CAD 2.60 per unit to raise up to CAD 5.98 million on September 1, 2022. Each Unit will consist of one common share of the company and one share purchase warrant with each whole warrant allowing the subscriber to purchase one additional share for a period of three years from the date of the closing at a price of CAD 3.50 per share. The Finder's fees are payable in related to transaction. The units will be subject to a 4-month hold period. The transaction is subject to the approval of the TSX Venture Exchange.공고 • Aug 05Desert Mountain Energy Corp. Announces Desert Mountain Energy Has Significant Shows of Helium on Gunnar Dome Wildcat WellDesert Mountain Energy Corp. announced that it has encountered the largest number of helium and hydrogen showings from all wells drilled thus far, on its Gunnar Dome prospect in Arizona. Mass spectrometer readings during drilling operations clearly delineated multiple zones which had either helium, hydrogen or argon present. The Company is in the process of setting & cementing the production casing on the well. As is the Company's previously stated practices, it has set and cemented multiple strings of casing, (which exceed all state regulatory requirements,) to isolate and protect all water zones, irrespective of their individual mineral content. The Company further anticipates it will have a completion rig for the well available, at the end of August. Consistent mass spectrometer readings and the corresponding flow results visible at the surface are extremely encouraging and await final definitive testing for specific perforated formation results. The geologic data from this well confirms the hypothesis on the possible trapping mechanisms of both helium &, hydrogen within this specific geologic setting. This information will be applied by team to other specific settings. It further expands upon the previously held theoretical understanding of helium and hydrogen generation. It is the opinion of the Company, (based on confidential and proprietary geologic drilling data,) that the acreage controlled by the Company on the corresponding structures will ultimately confine the water-free commercial production areas for this geologic setting to the leases currently held. With this press release, the Company will be in communications with its partner in hydrogen processing to explore where and how they can meld this discovery into other long-term ESG developmental plays. It is the Company's position to monetize its newly discovered hydrogen assets, whilst developing the long-term opportunities which management feels may be the most advantageous to shareholders.공고 • Jul 14Desert Mountain Energy Corp. Spuds Gunnar Dome Wildcat WellDesert Mountain Energy announced the spudding of the Gunnar Dome Wildcat Well. The intended depth of this well is 4,500'+- and is designed to test all zones to the top Granite Formation. DME will be utilizing the same successful drilling procedures, including multiple casing strings designed to protect all zones and the environment. geologic modelling suggests that the gas composition should contain high concentrations of nitrogen.공고 • Jun 09Desert Mountain Energy Corp. announced that it expects to receive CAD 5.001 million in fundingDesert Mountain Energy Corp. announced a non-brokered private placement of up to 1.667 million units at a price of CAD 3 per share for gross proceeds of up to CAD 5.001 million on June 8, 2022. The company may in its sole discretion increase the maximum of the offering by up to 5% to a maximum of 1.75 million units. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 4 per share for a period of 3 years from the date of the closing. The expiry of the warrants may be accelerated at the election of the company by written notice if the closing price for the common shares on the TSX venture exchange shall be equal to or greater than CAD 8 per share for a minimum of ten consecutive trading days. Finder's fees are payable of up to 7% in cash and 5% in finder warrants, with the finder warrants having an exercise price of CAD $4.00 per share, but with no forced conversion. All securities issued as part of the transaction will be subject to a four month hold period. The transaction is subject to approval from the TSX Venture Exchange.공고 • Jun 08Desert Mountain Energy Receives Permits for Two New Helium Wells in ArizonaDesert Mountain Energy Corp. announced that it has received permits for the next two helium wells in Arizona. The Gunner Dome wildcat prospect is approximately 16 miles east of the McCauley Helium Field. Operations for this well will begin in July when the rig is finished with its current contract. An offset well in the McCauley Helium Field will be drilled later this year to supply additional supply to the McCauley Helium Processing Facility.공고 • May 12Desert Mountain Energy Corp. Reports Helium Grades Averaging over 3.5% in Mccauley Helium Field Offset'sDesert Mountain Energy Corp. announced that Helium concentrations in Offset Wells #5, #6 & #7 were higher than originally found in Discovery Well #4. The average Helium percentage makeup using combined starting flow rates from the offsets was 3.511%. CO2 averaged 0.0201% with the balance of the gas being Nitrogen. These zones were perforated to be combined with Well #4 to create the most balanced level and mixtures of gas to initiate production from the McCauley Helium Processing Facility. The average Helium spot tests on the offsets were more than almost three times those of Well #4. A pay zone with over 4% Helium in Well #5 located in the Rohlfing Helium Field will also be processed in the same processing facility. These overall levels of increased Helium combined with below minimal levels for CO2 are confirmation of geologic modelling. DME is building the first solar-powered Helium processing facility using Hydrogen as a backup power source in North America. The Company's goal is to produce as near to zero carbon footprint, from operations as possible.공고 • May 05Desert Mountain Energy Corp. Completes Cased Hole Completion Work on Well 5 and 6Desert Mountain Energy Corp. (DME) announced that it has completed cased hole work on Wells 5 and 6. Completion work on Well 7 is anticipated to be completed later this week. Bottom hole pressures were within the expected values and the initial flow test and sampling for gaseous analysis have been completed. The Company made the decision to test the zones of interest, for future production within the McCauley Helium Field and on other DME properties. These lowest zones were then shut off and its main zones of interest for primary helium production were then perforated and tested with gas samples being sent via ground transportation to an independent lab for analysis. Desert Mountain Energy Corp. has set 350,000 options for officers, directors and consultants at a price of $3.30 for a term of 3 years.Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 1 independent director (6 non-independent directors). CEO & Executive Chairman Robert Rohlfing is the most experienced director on the board, commencing their role in 2019. Independent Director Jenaya Rohlfing was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.공고 • Apr 20Desert Mountain Energy Corp. Secures the Completion Rig and Begins Work in the McCauley Helium FieldDesert Mountain Energy Corp. has now started completion work on Offset Wells #5, #6 and #7 in the McCauley Helium Field. Sampling will be completed in the next 10-14 days with approximately another 14 days to get results for public release.공고 • Apr 12Desert Mountain Energy Corp. Starts Cased Hole Completion Work on Well #5, #6 and #7Desert Mountain Energy Corp. announced that it is mobilizing the cased hole logging work on Wells #5, #6 and #7. The company will be utilizing additional cased hole logging tools to further increase its team's knowledge and correlate the mass spectrometer, gas chromatograph readings, geo logs, mineralogical descriptions and open hole logs. The company anticipates having the completion rig moved onto the McCauley Helium Field location by the middle of next week.공고 • Mar 04Desert Mountain Energy Completes Drilling of Well #6 for Helium in Mccauley Helium Field, ArizonaDesert Mountain Energy Corp. announce that it has set production casing to the top of the Granite Formation in Well #6 (10-1), as previously stated in the 02/28/22 press release. The well encountered multiple zones where helium was shown to be present via the mass spectrometer, in addition to the previously announced hydrogen and helium zones. had three repeated zones of interest for helium as were previously seen in Wells #4 & #5. Open hole logs were run and are being evaluated by excellent geological team. The rig will be moving over the weekend to the next location in the McCauley Helium Field.공고 • Mar 01Desert Mountain Energy Corp. Discovers Hydrogen Field in ArizonaDesert Mountain Energy Corp. announced that it has defined three edges of a Hydrogen field with wells #4 (11-1), #5 (1-1), #6 (10-1). The Company has set and cemented surface and intermediate strings of casing and is in the process of finishing up drilling in the McCauley field. Based on information garnered from drilling operations thus far, the Company is planning on setting and cementing additional production casing to total depth. The well will be drilled to a total depth of approximately 4,000' into the top of the granite formation. The current production of hydrogen comes from steam-methane reforming, electrolysis and bio-mass. Discovery of basically clean hydrogen in situ makes DME a leader in this quickly evolving green business. The company will provide additional information on this well after the final casing is set, cemented and the rig moved to the next location. Hydrogen is much more efficient than gasoline, but it's four times more expensive. Current pricing for an equivalent gallon of hydrogen compared to a gallon of gasoline is approximately 4 to 1, or $12 per gallon of hydrogen to $3 per gallon of unleaded 87 octane gasoline.공고 • Feb 17Desert Mountain Energy Corp. Successfully Completes Drilling of Well #5 in McCauley FieldDesert Mountain Energy Corp. announced that it has completed drilling operations, set and cemented production casing on Well #5 (1-1) in the McCauley Field in Navajo County, AZ. The well was drilled to a total depth of 3,925' in the top of the Granite Formation. The Company now plans to feed 5 wells into the McCauley Finishing Facility in Third Quarter of 2022. The mass spectrometer and other equipment registered 18 different structures within Well #5, where some level of helium was encountered. Of those 18 positive responses, 6 were significant in quantity. Geologic team was within 1-2 feet plus or minus on all the major helium and hydrogen showings. Once again, this well confirms conceptual ideas, in regard to lease holdings. Leasing design provides the company with the proper holdings to fully incorporate the areal extent of the acreage to encompass field discoveries where cost-effective production can be found. The Gunnar Dome Wildcat prospect will be drilled later in the year. Final completion procedures will begin after all three wells have been drilled and the production casing is placed and cemented.Recent Insider Transactions Derivative • Jan 17CEO & Executive Chairman exercised options to buy CA$3.2m worth of stock.On the 12th of January, Robert Rohlfing exercised options to buy 1m shares at a strike price of around CA$0.26, costing a total of CA$342k. This transaction amounted to 49% of their direct individual holding at the time of the trade. Since March 2021, Robert has owned 2.68m shares directly. Company insiders have collectively bought CA$177k more than they sold, via options and on-market transactions, in the last 12 months.공고 • Sep 15Desert Mountain Energy Corp. Reports on Gas in Place for Discovery Well #4Desert Mountain Energy Corp. announced 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. Gas samples from testing were sent to independent laboratory for gas chromograph analysis which confirmed the presence of commercial quantities of helium. During drilling operations, the Company encountered helium in a total of 14 zones at various depths with an inferred and confirmed total thicknesses of helium bearing zones at 378'. The Company's geologic team has gained further excellent insight into water free production from naturally fractured formations. This may result in lowering the long-term production costs in excess of 43%. This understanding of the granularity of overall costs to produce a product are key to any successful company. The use of mass spec coupled with specific samples then being run through chromograph during drilling operations correlated directly to the NMR open hole and cased hole logs. The open hole logs showed high resistivities and secondary perms which must be present for helium production. Bottom hole pressures within helium bearing zones, varied with depth, from a low of 953#psi to a high of 2,349#psi. Two zones were flow tested with sampling and will begin production from the deepest and most highly pressured pay zone. This provides the Company the opportunity to maintain a constant even production of product from this and offsetting wells. The Company feels confident in its selection of leases that will maximize shareholder return not only from this well but from 5 to 6 offsetting wells. It is the Company's position that there may be a number of small single well leases whereby helium production may be possible. However, it is the Company's goal not to produce any water with helium production in Arizona. Some limited water productions may come from the future operation of the production facilities.공고 • Aug 26Desert Mountain Energy Corp. Announces Completion and Testing of Well #4Desert Mountain Energy Corp. announced that it has finished the completion and testing of well #4 and has released the rig. The Company has sent flow gas samples to the laboratory for testing and will announce those results when it has completed reservoir analysis on the well. "Open hole logs and flow tests have provided significant additional data which the exploration team is applying to the current data set.Recent Insider Transactions Derivative • Jul 18Independent Director exercised options and sold CA$79k worth of stockOn the 14th of July, Soren Christiansen exercised 19k options at a strike price of around CA$0.28 and sold these shares for an average price of CA$4.51 per share. This trade did not impact their existing holding. Since December 2020, Soren's direct individual holding has decreased from 192.68k shares to 167.68k. Company insiders have collectively sold CA$185k more than they bought, via options and on-market transactions in the last 12 months.공고 • May 21Desert Mountain Energy Begins Operations on Well #4Desert Mountain Energy Corp. announced that it has began operations on well #4 located near in the State of Arizona in the Holbrook Basin. Well #4 will be the deepest to date going to the bedrock granite, approximately 3900 feet, and is expected to take approximately 10 days to drill and test. Desert Mountain Energy expects to encounter rare earth gases in addition to helium. The Company is using cutting edge testing equipment, including drones and air borne sensing equipment to collect data. The resulting data will be combined with results from previously collected data, using non-invasive high tech sensing equipment.Is New 90 Day High Low • Mar 09New 90-day high: CA$2.05The company is up 18% from its price of CA$1.73 on 08 December 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 7.0% over the same period.공고 • Feb 24Desert Mountain Energy Corp. (TSXV:DME) acquired Additional 9,885.2 Acres in Navajo County, Arizona.Desert Mountain Energy Corp. (TSXV:DME) acquired Additional 9,885.2 Acres in Navajo County, Arizona on February 22, 2021. Desert Mountain Energy Corp. (TSXV:DME) completed the acquisition of Additional 9,885.2 Acres in Navajo County, Arizona on February 22, 2021.공고 • Feb 17Desert Mountain Energy Corp. Announces Guidance on Helium Reserves on Its First Well Completed in 2020Desert Mountain Energy Corp. announced guidance on helium reserves on its first well completed in 2020. The reserve estimate table is provided to help provide guidance on possible reservoir scenarios based on four point flow testing and correlated by Dr. Ed Coalson. Currently there is no other known helium production from the perforated zone in the State 10-1 well within 100 miles. In addition, per the AZOGCC rules, only one well may be drilled and completed for any type of gas (including helium), per square mile in this area. Actual future production may, at some unknown time, provide directive to a possible increase of well density from one to two wells per square mile. Any increase in well density would have to be approved in advance via a public hearing with the AZOGCC and the Company does not currently anticipate that any such request will be made in the near term. The attached reservoir estimates are based on only one well per square mile but with three different effective drainage scenarios.공고 • Jan 31Desert Mountain Energy Announces Review of Future Properties for HydrogenDesert Mountain Energy Corp. announced 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.Is New 90 Day High Low • Jan 19New 90-day low: CA$1.49The company is down 11% from its price of CA$1.67 on 20 October 2020. The Canadian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 4.0% over the same period.공고 • Dec 16Desert Mountain Energy Corp. Successfully Completes Drilling of Third Helium Test Welll in AZDesert Mountain Energy Corp. announced that it successfully completed drilling of the previously approved and permitted third well last Tuesday 12/08/20 and open hole logs run and production casing set and cemented into place. Upon the removal of drilling equipment, the single pit was immediately filled, thereby completing the initial remediation on 12/09/20. As previously press released the Company had drilled, set and cemented into place the surface casing to protect treatable water on 12/04/20. The production casing was run and cemented into place on 12/08/20 providing the additional protection to all zones as per the previously approved and permitted well design. Drilling operations did not encounter any oil and only found background low btu gas at levels normally associated with the drilling of water wells in this area. The Company again significantly reduced the amount of water required to drill, with the use of high-pressure air /mist. This is, to the best of the Company's information and belief, the same procedure used by the offsetting surface owner to drill their water well last week. The Company used more surface casing and cement to protect all possible treatable water zones than did the offsetting surface owner. Even though the Company did not encounter any flows or shows of significant water during drilling through the perceived aquifer as might be normally expected, it still set and cemented protective surface casing in accordance with the approved permit. The well logs also indicated the placement of the well correlated with Company plans to have the drilling intercept the highest porosity zones, again precluding the need for fracking. The Company has previously stated its goal is to apply geology and geophysics to successfully select drilling locations to remove the need for large fracks similar to what has been routinely done to produce oil from tight formations. The open hole well logs indicated the Company encountered multiple prospective helium bearing zones. Resistivities in the three prospective helium bearing zones range from 48 ohms to a high in excess of 120 ohms. Excellent porosities demonstrated direct correlation to the prospective helium bearing zones with the thickest probable helium bearing zone being 59' thick. The successful drilling of the third well some 74 miles away from the first two wells (the results of which were previously announced in June and July 2020) clearly demonstrates the Company's geologic modeling plans in reference as to the basic required trap mechanisms for commercial helium production in NE Arizona. Per Penwell Publishing data the average success rate on wildcat exploration wells for major companies has dropped from a high of 30.3% in 1997 with the average successful drilling rate for independents to be off a high of 17.6% in the same time period. Desert Mountain Energy Corp.'s corporate strategy to repeatedly find possible helium producing areas is clearly proven.공고 • Dec 10Desert Mountain Energy Corp. Commences Drilling the Third Well of Its Helium Program in Arizona's Holbrook BasinDesert Mountain Energy Corp. announced 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.공고 • Nov 10Desert Mountain Energy Corp., Annual General Meeting, Jan 15, 2021Desert Mountain Energy Corp., Annual General Meeting, Jan 15, 2021.Is New 90 Day High Low • Oct 28New 90-day high: CA$1.93The company is up 184% from its price of CA$0.68 on 30 July 2020. The Canadian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 8.0% over the same period.공고 • Oct 15Desert Mountain Energy Corp. announced that it has received CAD 4 million in fundingOn October 14, 2020, Desert Mountain Energy Corp. (TSXV:DME) closed the transaction.Recent Insider Transactions • Oct 09VP of Capital Market & Director recently bought CA$56k worth of stockOn the 2nd of October, Donald Mosher bought around 35k shares on-market at roughly CA$1.60 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$175k more in shares than they bought in the last 12 months.공고 • Oct 06Desert Mountain Energy Corp. announced that it has received CAD 9.124899 million in fundingOn October 2, 2020, Desert Mountain Energy Corp. (TSXV:DME) closed the transaction. The company issued 5,703,062 unit to receive CAD 9,124,899 in the transaction. Each unit consisted of one common share and one share purchase warrant. The company paid a finder's fee of up to 5% of the total gross proceeds and 3% in finder warrants in the transaction.공고 • Sep 12Desert Mountain Energy Corp. announced that it expects to receive CAD 9 million in fundingDesert Mountain Energy Corp. (TSXV:DME) announced a non-brokered private placement of minimum 5,625,000 units priced at CAD 1.60 per unit for gross proceeds of CAD 9,000,000 on September 11, 2020. The company may at its sole discretion increase the maximum of the offering by up to 5% to a maximum of 5,906,250 units. Each unit will consist of one common share and one-half of one share purchase warrant, where each whole warrant will allow the subscriber to purchase one additional common share for a period of two years from the date of closing at a price of CAD 2. The expiry of the warrants may be accelerated at the election of the company by written notice if the closing price for the common shares on the TSX Venture Exchange shall be equal to or greater than CAD 3.5 for a minimum of ten consecutive trading days. The company may pay a finder's fee of up to 5% of the total gross proceeds in the transaction. The units issued in the transaction will be subject to a 4-month hold period. The transaction is expected to close in September 30, 2020. The transaction is subject to the approval of the TSX Venture Exchange.공고 • Jun 16Desert Mountain Energy Corp. announced that it has received CAD 0.65135 million in fundingOn June 15, 2020, Desert Mountain Energy Corp. (TSXV:DME) closed the transaction. The company issued 1,861,000 units for gross proceeds of CAD 651,350. The company paid aggregate finder's fees of CAD 27,513.50 in cash and issued 78,610 non-transferable finder's warrants, each of which is exercisable into one common share for a period of two years at a price of CAD 0.52 per common share.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 DME 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: DME 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장Desert Mountain Energy 배당 수익률 vs 시장DME의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (DME)n/a시장 하위 25% (CA)1.7%시장 상위 25% (CA)5.5%업계 평균 (Metals and Mining)1.6%분석가 예측 (DME) (최대 3년)n/a주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 DME 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 DME 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: 배당금 지급이 수익으로 충당되는지 확인하기 위해 DME 의 지급 비율을 계산하기에는 데이터가 부족합니다.주주 현금 배당현금 흐름 범위: DME 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YCA 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/15 21:37종가2026/07/15 00:00수익2026/03/31연간 수익2025/09/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Desert Mountain Energy Corp.는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kirk WilsonBeacon Securities Limited
Reported Earnings • May 29Second quarter 2026 earnings released: CA$0.003 loss per share (vs CA$0.007 loss in 2Q 2025)Second quarter 2026 results: CA$0.003 loss per share (improved from CA$0.007 loss in 2Q 2025). Net loss: CA$283.2k (loss narrowed 57% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.
공고 • Apr 10Desert Mountain Energy Corp. announced that it has received CAD 3 million in fundingOn April 9, 2026. Desert Mountain Energy Corp. announces that it has closed the transaction. In consideration for their services, the Company paid the Agent a cash commission of CAD 180,000 and issued 418,604 non-transferable options (the “Compensation Options”). In addition, the Company paid the Agent a corporate finance fee consisting of CAD 90,000 cash and 209,302 Units.
공고 • Mar 31Desert Mountain Energy Corp., Annual General Meeting, May 27, 2026Desert Mountain Energy Corp., Annual General Meeting, May 27, 2026. Location: british columbia, vancouver Canada
New Risk • Mar 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m (CA$306k revenue, or US$225k). Minor Risk Market cap is less than US$100m (CA$29.8m market cap, or US$21.9m).
Reported Earnings • Mar 02First quarter 2026 earnings released: CA$0.002 loss per share (vs CA$0.007 loss in 1Q 2025)First quarter 2026 results: CA$0.002 loss per share (improved from CA$0.007 loss in 1Q 2025). Net loss: CA$154.8k (loss narrowed 76% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings.
공고 • Feb 05Desert Mountain Energy Corp. Appoints Timothy S. Orr, Esq. as Chief Operating OfficerDESERT MOUNTAIN ENERGY CORP. announced the appointment of Mr. Timothy S. Orr, Esq. as Chief Operating Officer. This leadership addition signals the Company's strategic positioning as a critical utility provider through Project Helios, a strategic initiative to deploy dedicated energy, cooling solutions, and Helium supplies for Digital Infrastructure, Artificial Intelligence (AI) and Defense sectors. Mr. Orr joins the executive team with over 25 years of experienceacross public company management, corporate law, and high-growth venture leadership. As a licensed attorney with a background in complex asset acquisitions and operational execution, Mr. Orr will oversee the physical and regulatory build-out of the Company's utility-scale infrastructure. His primary focus will include: //st Infrastructure Scaling: Directing the development of midstream assets, including the 14.5-mile pipeline and salt cavern storage facilities required to provide "always-on" power. U.S. Exchange Readiness: Planning the Company's uplisting to a senior U.S. Exchange to reflect its evolution from a resource explorer to a midstream helium &utility provider. Corporate Governance: Implementing institutional-grade compliance and SEC-level reporting to support long-term infrastructure contracts with defense and tech partners.
Reported Earnings • Jan 29Full year 2025 earnings released: CA$0.025 loss per share (vs CA$0.051 loss in FY 2024)Full year 2025 results: CA$0.025 loss per share (improved from CA$0.051 loss in FY 2024). Net loss: CA$2.30m (loss narrowed 50% from FY 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings.
공고 • Jan 21Desert Mountain Energy Corp. announced that it has received CAD 0.3375 million in fundingOn January 20, 2026, Desert Mountain Energy Corp. closed the transaction. In connection with the closing, the company paid finders’ fees of CAD 27,000 and issued 108,000 non-transferable finder warrants at a price of CAD 0.25 per share for a 12-month period from the closing date.
공고 • Jan 15Desert Mountain Energy Corp. announced that it expects to receive CAD 0.275 million in fundingDesert Mountain Energy Corp. announced a non-brokered private placement of 1,100,000 Units of the company at a price per share of CAD 0.25 to raise gross proceeds of CAD 275,000 on January 14, 2026. Each Unit will consist of one common share of the Company and one share purchase warrant with each whole Warrant allowing the subscriber to purchase one additional share of the Company for a period of one year from the date of the closing at a price of CAD 0.35 per share. Finder's fees are payable of up to 8% in cash and 8% in finder warrants, with the finder warrants having an exercise price of CAD 0.25 per share. The Units will be subject to a 4 month hold period. The private placement is subject to the approval of the TSX Venture Exchange.
New Risk • Dec 10New major risk - Revenue and earnings growthEarnings have declined by 10% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.9m free cash flow). Earnings have declined by 10% per year over the past 5 years. Revenue is less than US$1m (CA$258k revenue, or US$187k). Minor Risks Share price has been volatile over the past 3 months (18% average weekly change). Market cap is less than US$100m (CA$26.0m market cap, or US$18.9m).
New Risk • Oct 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.9m free cash flow). Revenue is less than US$1m (CA$258k revenue, or US$184k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$35.3m market cap, or US$25.2m).
공고 • Sep 11Desert Mountain Energy Corp. Announces Arizona Supreme Court Denial of City of Flagstaff PetitionDesert Mountain Energy Corp. announced that on September 9, 2025, the Arizona Supreme Court denied the City of Flagstaff's petition for Review of a Special Action Decision of the Court of Appeals in City of Flagstaff v. Desert Mountain Energy Corp. That, as a result of this decision, the entirety of the Arizona Court of Appeals' March 4, 2025, decision is upheld. The Company will have additional comments shortly.
Reported Earnings • Aug 28Third quarter 2025 earnings releasedThird quarter 2025 results: Net income: (up CA$1.66m from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 58% per year, which means it is significantly lagging earnings.
New Risk • Aug 28New major risk - Revenue and earnings growthEarnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m (CA$364k revenue, or US$265k). Minor Risk Market cap is less than US$100m (CA$17.0m market cap, or US$12.3m).
Board Change • Jul 30Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Michael O'Shea was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공고 • May 21Desert Mountain Energy Corp. announced that it has received CAD 0.9815 million in fundingOn May 20, 2025, Desert Mountain Energy Corp., closed the transaction. The company issued 40,000 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 10,000 in its fourth and final tranche closing. The company has now raised a total of CAD 981,500 through the issuance of 3,926,000 units.
Major Estimate Revision • May 04Consensus revenue estimates decrease by 16%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CA$4.90m to CA$4.10m. EPS estimate unchanged from -CA$0.02 per share at last update. Metals and Mining industry in Canada expected to see average net income growth of 28% next year. Consensus price target of CA$0.50 unchanged from last update. Share price rose 7.0% to CA$0.23 over the past week.
New Risk • Apr 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (CA$369k revenue, or US$264k). Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$488k net loss next year). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$20.3m market cap, or US$14.5m).
공고 • Apr 01Desert Mountain Energy Corp., Annual General Meeting, May 30, 2025Desert Mountain Energy Corp., Annual General Meeting, May 30, 2025. Location: british columbia, vancouver Canada
공고 • Mar 05Arizona Court of Appeals Rules in Favour of Desert Mountain EnergyDesert Mountain Energy Corp. announced that on March 4, 2025, the Arizona Court of Appeals, Division One, issued a 12-page opinion in which it found that the City of Flagstaff's claims against Desert Mountain Energy Corp. were null and void. The Court instructed the Trial Court to enter summary judgment in favor of DME. The company will issue further updates on these matters when deemed appropriate.
공고 • Mar 01Desert Mountain Energy Corp. announced that it has received CAD 0.514 million in fundingOn February 28, 2025. Desert Mountain Energy Corp. has closed the transaction. it has issued 2,056,000 Units at a price of CAD 0.25 per Unit for gross proceeds of CAD 514,000. Finder's fees consisted of 153,280 finders warrants and CAD 38,230 cash. The Units will be subject to a 4 month plus one day hold period expiring June 28, 2025.
Reported Earnings • Feb 28First quarter 2025 earnings released: CA$0.007 loss per share (vs CA$0.01 loss in 1Q 2024)First quarter 2025 results: CA$0.007 loss per share (improved from CA$0.01 loss in 1Q 2024). Net loss: CA$647.3k (loss narrowed 25% from 1Q 2024). Revenue is forecast to grow 116% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings.
공고 • Feb 05Desert Mountain Energy Corp. announced that it expects to receive CAD 2 million in fundingDesert Mountain Energy Corp. announced a non-brokered private placement to issue 8,000,000 units at issue price of CAD 0.25 per unit for gross proceeds of CAD 2,000,000 on February 4, 2025. Each Unit will consist of one common share of the Company and one share purchase warrant, with each whole Warrant allowing the subscriber to purchase one additional share of the Company for a period of one year from the date of the closing at a price of CAD 0.35 per share. Finder's fees are payable of up to 8% in cash and 8% in finder warrants, with the finder warrants having an exercise price of CAD 0.35 per share, but with no forced conversion. The Units will be subject to a 4-month hold period. The private placement is subject to the approval of the TSX Venture Exchange.
Breakeven Date Change • Jan 30Forecast breakeven date pushed back to 2026The analyst covering Desert Mountain Energy previously expected the company to break even in 2025. New forecast suggests losses will reduce by 59% to 2025. The company is expected to make a profit of CA$3.70m in 2026. Average annual earnings growth of 122% is required to achieve expected profit on schedule.
Reported Earnings • Jan 27Full year 2024 earnings: EPS in line with expectations, revenues disappointFull year 2024 results: CA$0.051 loss per share (improved from CA$0.14 loss in FY 2023). Net loss: CA$4.58m (loss narrowed 61% from FY 2023). Revenue is forecast to grow 84% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings.
Board Change • Dec 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Michael O'Shea was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Price Target Changed • Nov 01Price target decreased by 7.7% to CA$0.60Down from CA$0.65, the current price target is provided by 1 analyst. New target price is 74% above last closing price of CA$0.34. Stock is up 4.5% over the past year. The company is forecast to post a net loss per share of CA$0.05 next year compared to a net loss per share of CA$0.14 last year.
공고 • Oct 25Desert Mountain Energy Corp. Continues to Grow Supply for Helium Industry in ArizonaDesert Mountain Energy Corp. announced that as interest in the helium industry in Arizona continues to grow, DME, along with a coalition of interested parties, is coming together to push for legislative change that will support the economic extraction of helium and hydrogen gases while also protecting vital aquifers. The coalition is working closely with the Arizona State Government to implement regulations that will strike a balance between industry needs and environmental protection. By clearly defining regulations that safeguard aquifers while allowing for the economic extraction of these valuable gases, the coalition aims to promote sustainable growth in the industry. In addition to the environmental benefits, the coalition is also highlighting the potential tax revenue that could be generated from the high-tech industry and the development of naturally occurring resources in Arizona. By promoting the economic benefits of the helium and hydrogen industry, the coalition hopes to garner support for their efforts to implement responsible regulations.
Reported Earnings • Aug 29Third quarter 2024 earnings released: CA$0.018 loss per share (vs CA$0.017 loss in 3Q 2023)Third quarter 2024 results: CA$0.018 loss per share (further deteriorated from CA$0.017 loss in 3Q 2023). Net loss: CA$1.66m (loss widened 6.9% from 3Q 2023). Revenue is forecast to grow 171% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings.
공고 • Aug 27Desert Mountain Energy Corp Advances Helium Extraction in ArizonaDesert Mountain Energy Corp. announced its ongoing collaboration with key stakeholders across Arizona, including members of Congress, relevant state agencies, trade associations, and the private sector, to advance the responsible extraction of helium. DME is also actively engaging at the federal level, positioning helium as a vital resource for national defense, healthcare and a critical component of supply chain. By working with congressional delegation and various stakeholders who understand the significance of helium not just for Arizona, but for the nation. DME is building the necessary support to seek the inclusion of helium to the United States Geological Survey (USGS) critical mineral list. Materials included on this list are afforded several benefits such as eligibility for additional clean energy tax credits, research grants and a streamlined permitting process. Desert Mountain Energy remains committed to working closely with all stakeholders to achieve a balanced approach that benefits Arizona's economy and environment.
Reported Earnings • Jun 05Second quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.022 loss in 2Q 2023)Second quarter 2024 results: CA$0.01 loss per share (improved from CA$0.022 loss in 2Q 2023). Net loss: CA$888.7k (loss narrowed 48% from 2Q 2023). Revenue is forecast to grow 131% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 57% per year, which means it is performing significantly worse than earnings.
공고 • Apr 09Desert Mountain Energy Corp., Annual General Meeting, May 31, 2024Desert Mountain Energy Corp., Annual General Meeting, May 31, 2024.
Reported Earnings • Mar 24Full year 2023 earnings released: CA$0.14 loss per share (vs CA$0.10 loss in FY 2022)Full year 2023 results: CA$0.14 loss per share (further deteriorated from CA$0.10 loss in FY 2022). Net loss: CA$11.6m (loss widened 54% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings.
New Risk • Mar 12New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$22m free cash flow). Earnings have declined by 52% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (15% increase in shares outstanding). Revenue is less than US$5m (CA$1.7m revenue, or US$1.3m). Market cap is less than US$100m (CA$22.6m market cap, or US$16.7m).
공고 • Jan 23Desert Mountain Energy Completes Reassembly of West Pecos Field PlantDesert Mountain Energy Corp. announced the successful reassembly of its natural gas and helium processing and extraction facility. The Company has received the final operational permit from the BLM. The company has made several plant modifications to enhance safety and accommodate upcoming regulatory changes in 2024. These modifications have allowed DME to significantly increase overall gas production and begin plant operations for total natural gas throughput. Plant modifications include the ability to automatically bypass the main gas portion of the gas processing facility and continue natural gas sales. The West Pecos Field Plant has been specifically designed to meet a variety of customer purity requirements for gaseous helium, ensuring a maximum return on investment. The purchase of the West Pecos Abo Gas Field included an existing offtake contract that requires all gas to be sold under its terms for the remaining short term of the contract. Depending upon the outcome of ongoing discussions, the Company may need to wait for the expiration of the current gas purchase agreement on May 31, 2024 to begin full-time helium extraction and sales. The Company will not litigate any disputes with the offtake partner and is prepared to wait for the contract to expire. While the Company is negotiating with the current offtake partner, processed gas sale contracts are being explored and negotiated directly with end users.
Price Target Changed • Nov 17Price target decreased by 82% to CA$0.68Down from CA$3.85, the current price target is an average from 2 analysts. New target price is 73% above last closing price of CA$0.39. Stock is down 86% over the past year. The company posted a net loss per share of CA$0.10 last year.
Board Change • Nov 17Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Michael O'Shea was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공고 • Aug 18Desert Mountain Energy Completes Helium Processing Facility Move to New Mexico Gas FieldDESERT MOUNTAIN ENERGY CORP. announced that it has successfully completed the disassembly of the helium processing plant. All components have been transported to the West Pecos Slope Abo Gas Field and reassembly has begun. The Company expects this process to take five to six weeks and plans on starting up the plant shortly after pressure testing of critical components is completed. The Company has initiated the process of pigging flow lines, replacing specific portions of the flow lines and implementing maintenance procedures for the flow lines. Pigging of lines will help to lower flowing pressures from the furthest distant wells. The Company has also begun the process of removing choke points and will continue that process over the next 3-4 months. DME has purchased smaller volume compressors to initially enable boosting production from the wells containing the higher levels of helium. This includes independent gas analysis on individual wells to ensure a correlation between the flow tests originally provided to by the seller. DME's goal continues to initially target wells where tests and the previous tests from the past two years of production showed helium values to be above 0.7% and have an initial aggregate plant throughput for helium production above 0.50%. Currently, well flow line pressures have risen over the past month across the entire field due to the IACX gas plant being down for repairs and maintenance. In one example, the well furthest south was still selling some gas with the meter pressure showing at 184#psi. This well is located at the end of almost 9 miles of 2" flow line and over time, will incorporate boost compressors to cost-effectively increase production from outlying wells. Under current contracts, the Company will not be due to pay royalties on any inert gases recovered through plant operations. As mentioned previously by the Company, the condensate values and BTU values can vary widely between the wells. DME has initiated discussions with natural gas end users regarding the purchasing of natural gas after the current contract expires. All necessary permits for current operations are in hand.
공고 • Aug 10Desert Mountain Energy Corp. Appoints Michael O'shea to the Board of DirectorsDesert Mountain Energy Corp. announced the appointment of Michael O'Shea to the Board of Directors. Michael has agreed to become the head of the audit committee as an independent director. The Company acknowledges that being a publicly traded entity, it requires a board filled with competent independent members to meet the corporate governance standards set by the BCSC. Michael is an accomplished professional with significant experience in senior audit and management roles. His career spanned +35 years initially articling with KPMG and the Ontario Provincial Auditor's Office, followed by senior audit positions at Enbridge and Gulf Canada. Michael then returned to the Ontario government where heheld seniormanagement and audit roles, including Ontario Hydro and regulatory positions at the Ontario Telephone Commission and the Ontario Energy Board. Michaelhas acted as a director on several boards including Whitby Minor Lacrosse and a Condominium Board. In addition to his professional career, Michael has taught Audit and Accounting courses at York University and several colleges. He is an active member of the Quinte Health Board, which oversees four hospitals and serves on the Audit and Resources and Senior Leadership Evaluation and Compensation Committees.
공고 • Jul 07+ 1 more updateDesert Mountain Energy Corp. (TSXV:DME) completed the acquisition of Pecos Slope West Abo Gas Field located in Chaves County, New Mexico.Desert Mountain Energy Corp. (TSXV:DME) signed a binding letter of intent to acquire Pecos Slope West Abo Gas Field located in Chaves County, New Mexico for $2 million on June 19, 2023. Desert Mountain Energy also acquires gas gathering system at same location for $0.5 million. The company will close the purchase on June 30, 2023, from a privately held company and will immediately assume operations and revenue from the existing 188 gas wells and 1 water disposal well. Desert Mountain Energy Corp. (TSXV:DME) completed the acquisition of Pecos Slope West Abo Gas Field located in Chaves County, New Mexico on July 6, 2023.
Price Target Changed • Jul 07Price target decreased by 81% to CA$0.75Down from CA$4.00, the current price target is provided by 1 analyst. New target price is 72% above last closing price of CA$0.43. Stock is down 79% over the past year. The company posted a net loss per share of CA$0.10 last year.
공고 • Jul 01Desert Mountain Energy Corp. Announces Resignation of Jessica Davey from Board of DirectorsDesert Mountain Energy Corp. announced the immediate resignation of Jessica Davey from the Board of Directors. The Company thanks Jessica for her contribution and wishes her success in all future endeavours.
New Risk • Jul 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$23m free cash flow). Earnings have declined by 56% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (CA$1.4m revenue, or US$1.1m). Market cap is less than US$100m (CA$90.3m market cap, or US$68.1m).
공고 • Jun 20Desert Mountain Energy Corp. (TSXV:DME) signed a binding letter of intent to acquire Pecos Slope West Abo Gas Field located in Chaves County, New Mexico for $2 million.Desert Mountain Energy Corp. (TSXV:DME) signed a binding letter of intent to acquire Pecos Slope West Abo Gas Field located in Chaves County, New Mexico for $2 million on June 19, 2023. Desert Mountain Energy also acquires gas gathering system at same location for $0.5 million. The company will close the purchase on June 30, 2023, from a privately held company and will immediately assume operations and revenue from the existing 188 gas wells and 1 water disposal well.
공고 • Dec 15Desert Mountain Energy Corp. Successfully Completes Gunnar Dome WellDESERT MOUNTAIN ENERGY CORP. announce that it has successfully completed its wildcat well on the Gunnar Dome prospect. As previously announced, the Company made the decision to test multiple zones in the well to have a better understanding of the localized geology with regard to future drill locations. A total of seven zones were perforated, tested, then squeezed off and bridge plugs were set to ensure complete closure. Many of the zones had gaseous mixtures which the McCauley processing plant is not currently set up to extract. The two sections which were perforated for production are within the same geologic formation and are separated by an impermeable layer with similar pressure. Both zones were perforated in a manner to stay within an area of only connate formation water values. Water-free or near-water-free Helium production is a continuing Company goal. The upper zone contained 96.5422% Nitrogen, 0.0063% CO2, and 2.8232% Helium with the balance being constituted by fractional percentages of Methane, Ethane, Propane and Hexanes++. The lower perforated zone contained 98.5523% Nitrogen, 0.0075% CO2, and 0.7183% Helium with the balance containing the same types of the aforementioned fractional molecules. Most of the seven zones tested contained a similar range of high Nitrogen and varied Helium percentages, providing additional support to the Company's ability to find Helium in a primary Nitrogen environment, staying away from areas with elevated levels of CO2. The Company plans on initial Gunnar Dome production being metered and then transported approximately 24 miles to the McCauley Helium Processing Facility. Throughput numbers will not be announced until production has been established.
공고 • Dec 08Desert Mountain Energy Corp. Completes Testing of the McCauley Helium Processing FacilityDESERT MOUNTAIN ENERGY CORP. announced that testing of the McCauley Helium Processing Facility has been completed. The temporary interconnect lines are being removed and modular units are ready for transport. DME currently expects to have all of the units on-site by December 16, 2022. All necessary equipment, such as cranes, has been scheduled to be on-site to lift the modular housing onto the prepared foundations. Commissioning of the facility is planned for January 2023.
Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 1 independent director (6 non-independent directors). CEO & Executive Chairman Robert Rohlfing is the most experienced director on the board, commencing their role in 2019. Independent Director Jenaya Rohlfing was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
공고 • Oct 04Desert Mountain Energy Corp. Provides Update on Gunnar Dome Well UpdateDesert Mountain Energy Corp. has tested two zones in the Gunnar Dome well and found helium. The gaseous composition of that specifically tested interval would not be compatible for production with the planned McCauley Helium Processing Facility. Therefore, the Company is scheduling the rig and associated equipment to come out, isolate the tested zone and complete the well into another zone where helium was seen on the mass spectrometer without the inclusion of other noble gases. DME will advise upon completion of that work.
공고 • Sep 14+ 1 more updateCourt Grants Motion to Dismiss Claims Against Desert Mountain Energy CorpDESERT MOUNTAIN ENERGY CORP. announced that court in Coconino County, AZ has dismissed every claim filed against the Company by the City of Flagstaff with the exception of one breach of contract claim, regarding a prior licensing agreement. The Company is in the process of reviewing all pertinent details of the judge's ruling and will be announcing plans in regards to its well at the appropriate time.
공고 • Sep 02Desert Mountain Energy Corp. announced that it expects to receive CAD 5.98 million in fundingDesert Mountain Energy Corp. announced a non-brokered private placement of up to 2.3 million units at price of CAD 2.60 per unit to raise up to CAD 5.98 million on September 1, 2022. Each Unit will consist of one common share of the company and one share purchase warrant with each whole warrant allowing the subscriber to purchase one additional share for a period of three years from the date of the closing at a price of CAD 3.50 per share. The Finder's fees are payable in related to transaction. The units will be subject to a 4-month hold period. The transaction is subject to the approval of the TSX Venture Exchange.
공고 • Aug 05Desert Mountain Energy Corp. Announces Desert Mountain Energy Has Significant Shows of Helium on Gunnar Dome Wildcat WellDesert Mountain Energy Corp. announced that it has encountered the largest number of helium and hydrogen showings from all wells drilled thus far, on its Gunnar Dome prospect in Arizona. Mass spectrometer readings during drilling operations clearly delineated multiple zones which had either helium, hydrogen or argon present. The Company is in the process of setting & cementing the production casing on the well. As is the Company's previously stated practices, it has set and cemented multiple strings of casing, (which exceed all state regulatory requirements,) to isolate and protect all water zones, irrespective of their individual mineral content. The Company further anticipates it will have a completion rig for the well available, at the end of August. Consistent mass spectrometer readings and the corresponding flow results visible at the surface are extremely encouraging and await final definitive testing for specific perforated formation results. The geologic data from this well confirms the hypothesis on the possible trapping mechanisms of both helium &, hydrogen within this specific geologic setting. This information will be applied by team to other specific settings. It further expands upon the previously held theoretical understanding of helium and hydrogen generation. It is the opinion of the Company, (based on confidential and proprietary geologic drilling data,) that the acreage controlled by the Company on the corresponding structures will ultimately confine the water-free commercial production areas for this geologic setting to the leases currently held. With this press release, the Company will be in communications with its partner in hydrogen processing to explore where and how they can meld this discovery into other long-term ESG developmental plays. It is the Company's position to monetize its newly discovered hydrogen assets, whilst developing the long-term opportunities which management feels may be the most advantageous to shareholders.
공고 • Jul 14Desert Mountain Energy Corp. Spuds Gunnar Dome Wildcat WellDesert Mountain Energy announced the spudding of the Gunnar Dome Wildcat Well. The intended depth of this well is 4,500'+- and is designed to test all zones to the top Granite Formation. DME will be utilizing the same successful drilling procedures, including multiple casing strings designed to protect all zones and the environment. geologic modelling suggests that the gas composition should contain high concentrations of nitrogen.
공고 • Jun 09Desert Mountain Energy Corp. announced that it expects to receive CAD 5.001 million in fundingDesert Mountain Energy Corp. announced a non-brokered private placement of up to 1.667 million units at a price of CAD 3 per share for gross proceeds of up to CAD 5.001 million on June 8, 2022. The company may in its sole discretion increase the maximum of the offering by up to 5% to a maximum of 1.75 million units. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 4 per share for a period of 3 years from the date of the closing. The expiry of the warrants may be accelerated at the election of the company by written notice if the closing price for the common shares on the TSX venture exchange shall be equal to or greater than CAD 8 per share for a minimum of ten consecutive trading days. Finder's fees are payable of up to 7% in cash and 5% in finder warrants, with the finder warrants having an exercise price of CAD $4.00 per share, but with no forced conversion. All securities issued as part of the transaction will be subject to a four month hold period. The transaction is subject to approval from the TSX Venture Exchange.
공고 • Jun 08Desert Mountain Energy Receives Permits for Two New Helium Wells in ArizonaDesert Mountain Energy Corp. announced that it has received permits for the next two helium wells in Arizona. The Gunner Dome wildcat prospect is approximately 16 miles east of the McCauley Helium Field. Operations for this well will begin in July when the rig is finished with its current contract. An offset well in the McCauley Helium Field will be drilled later this year to supply additional supply to the McCauley Helium Processing Facility.
공고 • May 12Desert Mountain Energy Corp. Reports Helium Grades Averaging over 3.5% in Mccauley Helium Field Offset'sDesert Mountain Energy Corp. announced that Helium concentrations in Offset Wells #5, #6 & #7 were higher than originally found in Discovery Well #4. The average Helium percentage makeup using combined starting flow rates from the offsets was 3.511%. CO2 averaged 0.0201% with the balance of the gas being Nitrogen. These zones were perforated to be combined with Well #4 to create the most balanced level and mixtures of gas to initiate production from the McCauley Helium Processing Facility. The average Helium spot tests on the offsets were more than almost three times those of Well #4. A pay zone with over 4% Helium in Well #5 located in the Rohlfing Helium Field will also be processed in the same processing facility. These overall levels of increased Helium combined with below minimal levels for CO2 are confirmation of geologic modelling. DME is building the first solar-powered Helium processing facility using Hydrogen as a backup power source in North America. The Company's goal is to produce as near to zero carbon footprint, from operations as possible.
공고 • May 05Desert Mountain Energy Corp. Completes Cased Hole Completion Work on Well 5 and 6Desert Mountain Energy Corp. (DME) announced that it has completed cased hole work on Wells 5 and 6. Completion work on Well 7 is anticipated to be completed later this week. Bottom hole pressures were within the expected values and the initial flow test and sampling for gaseous analysis have been completed. The Company made the decision to test the zones of interest, for future production within the McCauley Helium Field and on other DME properties. These lowest zones were then shut off and its main zones of interest for primary helium production were then perforated and tested with gas samples being sent via ground transportation to an independent lab for analysis. Desert Mountain Energy Corp. has set 350,000 options for officers, directors and consultants at a price of $3.30 for a term of 3 years.
Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 1 independent director (6 non-independent directors). CEO & Executive Chairman Robert Rohlfing is the most experienced director on the board, commencing their role in 2019. Independent Director Jenaya Rohlfing was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
공고 • Apr 20Desert Mountain Energy Corp. Secures the Completion Rig and Begins Work in the McCauley Helium FieldDesert Mountain Energy Corp. has now started completion work on Offset Wells #5, #6 and #7 in the McCauley Helium Field. Sampling will be completed in the next 10-14 days with approximately another 14 days to get results for public release.
공고 • Apr 12Desert Mountain Energy Corp. Starts Cased Hole Completion Work on Well #5, #6 and #7Desert Mountain Energy Corp. announced that it is mobilizing the cased hole logging work on Wells #5, #6 and #7. The company will be utilizing additional cased hole logging tools to further increase its team's knowledge and correlate the mass spectrometer, gas chromatograph readings, geo logs, mineralogical descriptions and open hole logs. The company anticipates having the completion rig moved onto the McCauley Helium Field location by the middle of next week.
공고 • Mar 04Desert Mountain Energy Completes Drilling of Well #6 for Helium in Mccauley Helium Field, ArizonaDesert Mountain Energy Corp. announce that it has set production casing to the top of the Granite Formation in Well #6 (10-1), as previously stated in the 02/28/22 press release. The well encountered multiple zones where helium was shown to be present via the mass spectrometer, in addition to the previously announced hydrogen and helium zones. had three repeated zones of interest for helium as were previously seen in Wells #4 & #5. Open hole logs were run and are being evaluated by excellent geological team. The rig will be moving over the weekend to the next location in the McCauley Helium Field.
공고 • Mar 01Desert Mountain Energy Corp. Discovers Hydrogen Field in ArizonaDesert Mountain Energy Corp. announced that it has defined three edges of a Hydrogen field with wells #4 (11-1), #5 (1-1), #6 (10-1). The Company has set and cemented surface and intermediate strings of casing and is in the process of finishing up drilling in the McCauley field. Based on information garnered from drilling operations thus far, the Company is planning on setting and cementing additional production casing to total depth. The well will be drilled to a total depth of approximately 4,000' into the top of the granite formation. The current production of hydrogen comes from steam-methane reforming, electrolysis and bio-mass. Discovery of basically clean hydrogen in situ makes DME a leader in this quickly evolving green business. The company will provide additional information on this well after the final casing is set, cemented and the rig moved to the next location. Hydrogen is much more efficient than gasoline, but it's four times more expensive. Current pricing for an equivalent gallon of hydrogen compared to a gallon of gasoline is approximately 4 to 1, or $12 per gallon of hydrogen to $3 per gallon of unleaded 87 octane gasoline.
공고 • Feb 17Desert Mountain Energy Corp. Successfully Completes Drilling of Well #5 in McCauley FieldDesert Mountain Energy Corp. announced that it has completed drilling operations, set and cemented production casing on Well #5 (1-1) in the McCauley Field in Navajo County, AZ. The well was drilled to a total depth of 3,925' in the top of the Granite Formation. The Company now plans to feed 5 wells into the McCauley Finishing Facility in Third Quarter of 2022. The mass spectrometer and other equipment registered 18 different structures within Well #5, where some level of helium was encountered. Of those 18 positive responses, 6 were significant in quantity. Geologic team was within 1-2 feet plus or minus on all the major helium and hydrogen showings. Once again, this well confirms conceptual ideas, in regard to lease holdings. Leasing design provides the company with the proper holdings to fully incorporate the areal extent of the acreage to encompass field discoveries where cost-effective production can be found. The Gunnar Dome Wildcat prospect will be drilled later in the year. Final completion procedures will begin after all three wells have been drilled and the production casing is placed and cemented.
Recent Insider Transactions Derivative • Jan 17CEO & Executive Chairman exercised options to buy CA$3.2m worth of stock.On the 12th of January, Robert Rohlfing exercised options to buy 1m shares at a strike price of around CA$0.26, costing a total of CA$342k. This transaction amounted to 49% of their direct individual holding at the time of the trade. Since March 2021, Robert has owned 2.68m shares directly. Company insiders have collectively bought CA$177k more than they sold, via options and on-market transactions, in the last 12 months.
공고 • Sep 15Desert Mountain Energy Corp. Reports on Gas in Place for Discovery Well #4Desert Mountain Energy Corp. announced 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. Gas samples from testing were sent to independent laboratory for gas chromograph analysis which confirmed the presence of commercial quantities of helium. During drilling operations, the Company encountered helium in a total of 14 zones at various depths with an inferred and confirmed total thicknesses of helium bearing zones at 378'. The Company's geologic team has gained further excellent insight into water free production from naturally fractured formations. This may result in lowering the long-term production costs in excess of 43%. This understanding of the granularity of overall costs to produce a product are key to any successful company. The use of mass spec coupled with specific samples then being run through chromograph during drilling operations correlated directly to the NMR open hole and cased hole logs. The open hole logs showed high resistivities and secondary perms which must be present for helium production. Bottom hole pressures within helium bearing zones, varied with depth, from a low of 953#psi to a high of 2,349#psi. Two zones were flow tested with sampling and will begin production from the deepest and most highly pressured pay zone. This provides the Company the opportunity to maintain a constant even production of product from this and offsetting wells. The Company feels confident in its selection of leases that will maximize shareholder return not only from this well but from 5 to 6 offsetting wells. It is the Company's position that there may be a number of small single well leases whereby helium production may be possible. However, it is the Company's goal not to produce any water with helium production in Arizona. Some limited water productions may come from the future operation of the production facilities.
공고 • Aug 26Desert Mountain Energy Corp. Announces Completion and Testing of Well #4Desert Mountain Energy Corp. announced that it has finished the completion and testing of well #4 and has released the rig. The Company has sent flow gas samples to the laboratory for testing and will announce those results when it has completed reservoir analysis on the well. "Open hole logs and flow tests have provided significant additional data which the exploration team is applying to the current data set.
Recent Insider Transactions Derivative • Jul 18Independent Director exercised options and sold CA$79k worth of stockOn the 14th of July, Soren Christiansen exercised 19k options at a strike price of around CA$0.28 and sold these shares for an average price of CA$4.51 per share. This trade did not impact their existing holding. Since December 2020, Soren's direct individual holding has decreased from 192.68k shares to 167.68k. Company insiders have collectively sold CA$185k more than they bought, via options and on-market transactions in the last 12 months.
공고 • May 21Desert Mountain Energy Begins Operations on Well #4Desert Mountain Energy Corp. announced that it has began operations on well #4 located near in the State of Arizona in the Holbrook Basin. Well #4 will be the deepest to date going to the bedrock granite, approximately 3900 feet, and is expected to take approximately 10 days to drill and test. Desert Mountain Energy expects to encounter rare earth gases in addition to helium. The Company is using cutting edge testing equipment, including drones and air borne sensing equipment to collect data. The resulting data will be combined with results from previously collected data, using non-invasive high tech sensing equipment.
Is New 90 Day High Low • Mar 09New 90-day high: CA$2.05The company is up 18% from its price of CA$1.73 on 08 December 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 7.0% over the same period.
공고 • Feb 24Desert Mountain Energy Corp. (TSXV:DME) acquired Additional 9,885.2 Acres in Navajo County, Arizona.Desert Mountain Energy Corp. (TSXV:DME) acquired Additional 9,885.2 Acres in Navajo County, Arizona on February 22, 2021. Desert Mountain Energy Corp. (TSXV:DME) completed the acquisition of Additional 9,885.2 Acres in Navajo County, Arizona on February 22, 2021.
공고 • Feb 17Desert Mountain Energy Corp. Announces Guidance on Helium Reserves on Its First Well Completed in 2020Desert Mountain Energy Corp. announced guidance on helium reserves on its first well completed in 2020. The reserve estimate table is provided to help provide guidance on possible reservoir scenarios based on four point flow testing and correlated by Dr. Ed Coalson. Currently there is no other known helium production from the perforated zone in the State 10-1 well within 100 miles. In addition, per the AZOGCC rules, only one well may be drilled and completed for any type of gas (including helium), per square mile in this area. Actual future production may, at some unknown time, provide directive to a possible increase of well density from one to two wells per square mile. Any increase in well density would have to be approved in advance via a public hearing with the AZOGCC and the Company does not currently anticipate that any such request will be made in the near term. The attached reservoir estimates are based on only one well per square mile but with three different effective drainage scenarios.
공고 • Jan 31Desert Mountain Energy Announces Review of Future Properties for HydrogenDesert Mountain Energy Corp. announced 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.
Is New 90 Day High Low • Jan 19New 90-day low: CA$1.49The company is down 11% from its price of CA$1.67 on 20 October 2020. The Canadian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 4.0% over the same period.
공고 • Dec 16Desert Mountain Energy Corp. Successfully Completes Drilling of Third Helium Test Welll in AZDesert Mountain Energy Corp. announced that it successfully completed drilling of the previously approved and permitted third well last Tuesday 12/08/20 and open hole logs run and production casing set and cemented into place. Upon the removal of drilling equipment, the single pit was immediately filled, thereby completing the initial remediation on 12/09/20. As previously press released the Company had drilled, set and cemented into place the surface casing to protect treatable water on 12/04/20. The production casing was run and cemented into place on 12/08/20 providing the additional protection to all zones as per the previously approved and permitted well design. Drilling operations did not encounter any oil and only found background low btu gas at levels normally associated with the drilling of water wells in this area. The Company again significantly reduced the amount of water required to drill, with the use of high-pressure air /mist. This is, to the best of the Company's information and belief, the same procedure used by the offsetting surface owner to drill their water well last week. The Company used more surface casing and cement to protect all possible treatable water zones than did the offsetting surface owner. Even though the Company did not encounter any flows or shows of significant water during drilling through the perceived aquifer as might be normally expected, it still set and cemented protective surface casing in accordance with the approved permit. The well logs also indicated the placement of the well correlated with Company plans to have the drilling intercept the highest porosity zones, again precluding the need for fracking. The Company has previously stated its goal is to apply geology and geophysics to successfully select drilling locations to remove the need for large fracks similar to what has been routinely done to produce oil from tight formations. The open hole well logs indicated the Company encountered multiple prospective helium bearing zones. Resistivities in the three prospective helium bearing zones range from 48 ohms to a high in excess of 120 ohms. Excellent porosities demonstrated direct correlation to the prospective helium bearing zones with the thickest probable helium bearing zone being 59' thick. The successful drilling of the third well some 74 miles away from the first two wells (the results of which were previously announced in June and July 2020) clearly demonstrates the Company's geologic modeling plans in reference as to the basic required trap mechanisms for commercial helium production in NE Arizona. Per Penwell Publishing data the average success rate on wildcat exploration wells for major companies has dropped from a high of 30.3% in 1997 with the average successful drilling rate for independents to be off a high of 17.6% in the same time period. Desert Mountain Energy Corp.'s corporate strategy to repeatedly find possible helium producing areas is clearly proven.
공고 • Dec 10Desert Mountain Energy Corp. Commences Drilling the Third Well of Its Helium Program in Arizona's Holbrook BasinDesert Mountain Energy Corp. announced 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.
공고 • Nov 10Desert Mountain Energy Corp., Annual General Meeting, Jan 15, 2021Desert Mountain Energy Corp., Annual General Meeting, Jan 15, 2021.
Is New 90 Day High Low • Oct 28New 90-day high: CA$1.93The company is up 184% from its price of CA$0.68 on 30 July 2020. The Canadian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 8.0% over the same period.
공고 • Oct 15Desert Mountain Energy Corp. announced that it has received CAD 4 million in fundingOn October 14, 2020, Desert Mountain Energy Corp. (TSXV:DME) closed the transaction.
Recent Insider Transactions • Oct 09VP of Capital Market & Director recently bought CA$56k worth of stockOn the 2nd of October, Donald Mosher bought around 35k shares on-market at roughly CA$1.60 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$175k more in shares than they bought in the last 12 months.
공고 • Oct 06Desert Mountain Energy Corp. announced that it has received CAD 9.124899 million in fundingOn October 2, 2020, Desert Mountain Energy Corp. (TSXV:DME) closed the transaction. The company issued 5,703,062 unit to receive CAD 9,124,899 in the transaction. Each unit consisted of one common share and one share purchase warrant. The company paid a finder's fee of up to 5% of the total gross proceeds and 3% in finder warrants in the transaction.
공고 • Sep 12Desert Mountain Energy Corp. announced that it expects to receive CAD 9 million in fundingDesert Mountain Energy Corp. (TSXV:DME) announced a non-brokered private placement of minimum 5,625,000 units priced at CAD 1.60 per unit for gross proceeds of CAD 9,000,000 on September 11, 2020. The company may at its sole discretion increase the maximum of the offering by up to 5% to a maximum of 5,906,250 units. Each unit will consist of one common share and one-half of one share purchase warrant, where each whole warrant will allow the subscriber to purchase one additional common share for a period of two years from the date of closing at a price of CAD 2. The expiry of the warrants may be accelerated at the election of the company by written notice if the closing price for the common shares on the TSX Venture Exchange shall be equal to or greater than CAD 3.5 for a minimum of ten consecutive trading days. The company may pay a finder's fee of up to 5% of the total gross proceeds in the transaction. The units issued in the transaction will be subject to a 4-month hold period. The transaction is expected to close in September 30, 2020. The transaction is subject to the approval of the TSX Venture Exchange.
공고 • Jun 16Desert Mountain Energy Corp. announced that it has received CAD 0.65135 million in fundingOn June 15, 2020, Desert Mountain Energy Corp. (TSXV:DME) closed the transaction. The company issued 1,861,000 units for gross proceeds of CAD 651,350. The company paid aggregate finder's fees of CAD 27,513.50 in cash and issued 78,610 non-transferable finder's warrants, each of which is exercisable into one common share for a period of two years at a price of CAD 0.52 per common share.