Friday, October 10, 2025

Latest

Desert Mountain Acquires Further Land At McCauley

Desert Mountain Energy (TSXV: DME) issued an update to shareholders this morning, indicating a number of developments have occurred as of late as it relates to their planned development of certain fields and drilling. The firm also indicated it is inching closer to entering supply arrangements for its helium once operations are online.

As it relates to the development of their McCauley Field, the company has reportedly acquired an additional 40 acres of land which is to be used for the drilling of developmental wells. Further details on the purchase, including financial details, however were not provided by the company.

The firm has also indicated it has begun permitting for the next planned well at McCauley, with governmental approvals still pending.

In terms of drilling, an arrangement was reportedly made with Drake Well Service, whereby the firm will receive priority use for a top drive drill rig. The priority services are to be provided on the basis that Desert Mountain provides pre-payment for the services. Again, further details were not provided.

Finally, the company has reportedly enter NDA’s with certain end-users for the sale of its helium, while also having completed the necessary filings to sell processed helium to the United States Government. Unsurprisingly, further details were again not provided.

Desert Mountain Energy last traded at $2.09 on the TSX Venture.


Information for this briefing was found via Sedar and Desert Mountain Energy. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

First Majestic Posts Record Quarterly Silver Production In Q3

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

Related News

Avanti Helium Expects Sweetgrass Helium Recovery To Be Online In Q4

Avanti Helium (TSXV: AVN) is moving forward with its plan to produce helium from its...

Wednesday, May 17, 2023, 09:19:02 AM

Alberta Implements Royalty Rate on Helium to Address Increasing Global Demand

As technology around the world continues to advance, the demand for helium has been steadily...

Monday, May 18, 2020, 05:14:00 PM

Desert Mountain Energy Accelerates Expiry On Warrants

Desert Mountain Energy Corp. (TSXV: DME) announced this morning that it is accelerating the expiry...

Thursday, April 22, 2021, 07:50:47 AM

Royal Helium Reports Initial Testing Results At Climax

Royal Helium (TSXV: RHC) this morning reported initial gas sample results from three formations following...

Tuesday, April 6, 2021, 08:28:03 AM

Imperial Helium Begins Production Testing First Well At Steveville Project

Production testing has begun for Imperial Helium (TSXV: IHC). This news was announced this morning...

Thursday, August 19, 2021, 09:16:50 AM