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Desert Mountain Energy Corp V.DME

Alternate Symbol(s):  V.DME.W | DMEHF

Desert Mountain Energy Corp. is a Canada-based resource company. The Company primarily focused on exploration, development and production of helium, hydrogen and noble gases. The Company holds properties under lease for helium, oil and natural gas in the Holbrook Basin of Northern Arizona. The Holbrook Basin Helium Project comprises +1000,000 acres of key Helium prospects under lease. Located in the prolific Holbrook Basin in Northeast Arizona. Its secondary focus is developing hydrogen assets in the McCauley Helium Field. Noble gases or inert gases are six gaseous elements found in small amounts in the Earth’s atmosphere. They include helium (He), neon (Ne), argon (Ar), krypton (Kr), xenon (Xe), and radon (Rn).


TSXV:DME - Post by User

Post by HeliumHighon Jan 11, 2023 10:32am
316 Views
Post# 35215659

Indicator?

Indicator?

Maybe I'm going out on a limb here, but I see the exercise of these land options potentially as a sign that things much be going relatively well in getting the plant online so far. If DME was experiencing issues that would cause major delays, let alone fundamental problems, then DME's cash situation would likely suddenly be an issue and I would be surprised that they would actually expend cash right now to exercise these options. 


On the other hand, until the plant is actually producing high-grade helium from its wells, DME itself still really doesn't know what it doesn't know. And perhaps the land options exercise issue is being forced right now because those options are up against an expiration date. Hard to say...


Really just some speculative reading of the tea leaves, but that's all anyone has right now while we patiently await news on the upcoming expected milestones. 

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