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Desert Mountain Energy Corp V.DME

Alternate Symbol(s):  V.DME.WT | DMEHF

Desert Mountain Energy Corp. is a Canada-based resource company primarily focused on the exploration, development and production of helium, hydrogen, natural gas and condensate. The Company is focused on helium extraction from different raw gas sources in an environmental and economical manner by supplying elements deemed critical to the renewable energy and high technology industries. Its Holbrook Basin Helium Project comprises more than 1000,000 acres of key helium prospects under lease. Its West Pecos Slope Abo Gas Field and gas gathering system is located in Chaves County, New Mexico. The West Pecos Gas Field encompasses a vast infrastructure, including 188 wells, over 50 miles of gas collection lines, and 77,000 acres of oil and gas leases. Its secondary focus is developing hydrogen assets located within their helium fields.


TSXV:DME - Post by User

Post by Biloxibuzzon Apr 22, 2021 8:48am
241 Views
Post# 33043395

Warrants Could Bring in $16,400,000 by May 24th

Warrants Could Bring in $16,400,000 by May 24thI thought the most interesting information in the Press Release was that in addition to the potential of raising $16,4 million from the warrants, DME still has $12.8 million in the bank. That means that DME should have around $29,000,000 avaiable to advance this project to completion or to sale. Speculation on my part, but I am thinking that RR had been reluctant to spend to much of their cash until they knew if the warrants would be forced to exercise. It looks like now DME will have funds to move ahead with the full development of the project. The NAV is heading North.  Easy $10 stock by Fall. GTLA
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