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Desert Mountain Energy Corp V.DME

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

Chemicals Chemicals
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

Desert Mountain Energy Corp > Fundraise
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Comment by GoldenArmon Sep 06, 2022 12:00pm
335 Views
Post# 34944112

RE:Fundraise

RE:FundraiseIt's funny how just before this announcement Yahoo posts that DME cash burn rate is high and they would need to sell shares or acquire debt to see them through unitl the plant is up and running

https://finance.yahoo.com/news/desert-mountain-energy-cve-dme-125436868.html

My feeling is that things are going slower than anticipated and they saw the burn rate and the capital they had. Now that it is done they better deliver in Q4 or I'm out.
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