Tillkännagivande • Apr 10
Desert Mountain Energy Corp. announced that it has received CAD 3 million in funding On 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. Tillkännagivande • Mar 31
Desert Mountain Energy Corp., Annual General Meeting, May 27, 2026 Desert Mountain Energy Corp., Annual General Meeting, May 27, 2026. Location: british columbia, vancouver Canada New Risk • Mar 12
New major risk - Share price stability The 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 02
First 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. Tillkännagivande • Feb 05
Desert Mountain Energy Corp. Appoints Timothy S. Orr, Esq. as Chief Operating Officer DESERT 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 29
Full 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. Tillkännagivande • Jan 21
Desert Mountain Energy Corp. announced that it has received CAD 0.3375 million in funding On 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. Tillkännagivande • Jan 15
Desert Mountain Energy Corp. announced that it expects to receive CAD 0.275 million in funding Desert 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 10
New major risk - Revenue and earnings growth Earnings 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 14
New minor risk - Share price stability The 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). Tillkännagivande • Sep 11
Desert Mountain Energy Corp. Announces Arizona Supreme Court Denial of City of Flagstaff Petition Desert 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 28
Third quarter 2025 earnings released Third 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 28
New major risk - Revenue and earnings growth Earnings 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 30
Insufficient new directors There 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. Tillkännagivande • May 21
Desert Mountain Energy Corp. announced that it has received CAD 0.9815 million in funding On 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 04
Consensus 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 10
New minor risk - Share price stability The 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). Tillkännagivande • Apr 01
Desert Mountain Energy Corp., Annual General Meeting, May 30, 2025 Desert Mountain Energy Corp., Annual General Meeting, May 30, 2025. Location: british columbia, vancouver Canada Tillkännagivande • Mar 05
Arizona Court of Appeals Rules in Favour of Desert Mountain Energy Desert 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. Tillkännagivande • Mar 01
Desert Mountain Energy Corp. announced that it has received CAD 0.514 million in funding On 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 28
First 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. Tillkännagivande • Feb 05
Desert Mountain Energy Corp. announced that it expects to receive CAD 2 million in funding Desert 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 30
Forecast breakeven date pushed back to 2026 The 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 27
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full 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 01
Insufficient new directors There 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 01
Price target decreased by 7.7% to CA$0.60 Down 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. Tillkännagivande • Oct 25
Desert Mountain Energy Corp. Continues to Grow Supply for Helium Industry in Arizona Desert 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 29
Third 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. Tillkännagivande • Aug 27
Desert Mountain Energy Corp Advances Helium Extraction in Arizona Desert 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 05
Second 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. Tillkännagivande • Apr 09
Desert Mountain Energy Corp., Annual General Meeting, May 31, 2024 Desert Mountain Energy Corp., Annual General Meeting, May 31, 2024. Reported Earnings • Mar 24
Full 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 12
New minor risk - Financial data availability The 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). Tillkännagivande • Jan 23
Desert Mountain Energy Completes Reassembly of West Pecos Field Plant Desert 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 17
Price target decreased by 82% to CA$0.68 Down 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 17
Less than half of directors are independent Following 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. Tillkännagivande • Aug 18
Desert Mountain Energy Completes Helium Processing Facility Move to New Mexico Gas Field DESERT 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. Tillkännagivande • Aug 10
Desert Mountain Energy Corp. Appoints Michael O'shea to the Board of Directors Desert 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. Price Target Changed • Jul 07
Price target decreased by 81% to CA$0.75 Down 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. Tillkännagivande • Jul 01
Desert Mountain Energy Corp. Announces Resignation of Jessica Davey from Board of Directors Desert 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 01
New minor risk - Share price stability The 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). Tillkännagivande • Jun 20
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. 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. Tillkännagivande • Dec 15
Desert Mountain Energy Corp. Successfully Completes Gunnar Dome Well DESERT 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. Tillkännagivande • Dec 08
Desert Mountain Energy Corp. Completes Testing of the McCauley Helium Processing Facility DESERT 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 16
Less than half of directors are independent There 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. Tillkännagivande • Oct 04
Desert Mountain Energy Corp. Provides Update on Gunnar Dome Well Update Desert 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. Tillkännagivande • Sep 02
Desert Mountain Energy Corp. announced that it expects to receive CAD 5.98 million in funding Desert 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. Tillkännagivande • Aug 05
Desert Mountain Energy Corp. Announces Desert Mountain Energy Has Significant Shows of Helium on Gunnar Dome Wildcat Well Desert 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. Tillkännagivande • Jul 14
Desert Mountain Energy Corp. Spuds Gunnar Dome Wildcat Well Desert 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. Tillkännagivande • Jun 09
Desert Mountain Energy Corp. announced that it expects to receive CAD 5.001 million in funding Desert 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. Tillkännagivande • Jun 08
Desert Mountain Energy Receives Permits for Two New Helium Wells in Arizona Desert 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. Tillkännagivande • May 12
Desert Mountain Energy Corp. Reports Helium Grades Averaging over 3.5% in Mccauley Helium Field Offset's Desert 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. Tillkännagivande • May 05
Desert Mountain Energy Corp. Completes Cased Hole Completion Work on Well 5 and 6 Desert 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 27
Less than half of directors are independent There 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. Tillkännagivande • Apr 20
Desert Mountain Energy Corp. Secures the Completion Rig and Begins Work in the McCauley Helium Field Desert 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. Tillkännagivande • Apr 12
Desert Mountain Energy Corp. Starts Cased Hole Completion Work on Well #5, #6 and #7 Desert 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. Tillkännagivande • Mar 04
Desert Mountain Energy Completes Drilling of Well #6 for Helium in Mccauley Helium Field, Arizona Desert 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. Tillkännagivande • Mar 01
Desert Mountain Energy Corp. Discovers Hydrogen Field in Arizona Desert 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. Tillkännagivande • Feb 17
Desert Mountain Energy Corp. Successfully Completes Drilling of Well #5 in McCauley Field Desert 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 17
CEO & 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. Tillkännagivande • Sep 15
Desert Mountain Energy Corp. Reports on Gas in Place for Discovery Well #4 Desert 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. Tillkännagivande • Aug 26
Desert Mountain Energy Corp. Announces Completion and Testing of Well #4 Desert 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 18
Independent Director exercised options and sold CA$79k worth of stock On 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. Tillkännagivande • May 21
Desert Mountain Energy Begins Operations on Well #4 Desert 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 09
New 90-day high: CA$2.05 The 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. Tillkännagivande • Feb 24
Desert 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. Tillkännagivande • Feb 17
Desert Mountain Energy Corp. Announces Guidance on Helium Reserves on Its First Well Completed in 2020 Desert 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. Tillkännagivande • Jan 31
Desert Mountain Energy Announces Review of Future Properties for Hydrogen Desert 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 19
New 90-day low: CA$1.49 The 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. Tillkännagivande • Dec 16
Desert Mountain Energy Corp. Successfully Completes Drilling of Third Helium Test Welll in AZ Desert 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. Tillkännagivande • Dec 10
Desert Mountain Energy Corp. Commences Drilling the Third Well of Its Helium Program in Arizona's Holbrook Basin Desert 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. Tillkännagivande • Nov 10
Desert Mountain Energy Corp., Annual General Meeting, Jan 15, 2021 Desert Mountain Energy Corp., Annual General Meeting, Jan 15, 2021. Is New 90 Day High Low • Oct 28
New 90-day high: CA$1.93 The 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. Tillkännagivande • Oct 15
Desert Mountain Energy Corp. announced that it has received CAD 4 million in funding On October 14, 2020, Desert Mountain Energy Corp. (TSXV:DME) closed the transaction. Recent Insider Transactions • Oct 09
VP of Capital Market & Director recently bought CA$56k worth of stock On 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. Tillkännagivande • Oct 06
Desert Mountain Energy Corp. announced that it has received CAD 9.124899 million in funding On 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. Tillkännagivande • Sep 12
Desert Mountain Energy Corp. announced that it expects to receive CAD 9 million in funding Desert 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. Tillkännagivande • Jun 16
Desert Mountain Energy Corp. announced that it has received CAD 0.65135 million in funding On 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. 
