Desert Mountain Energy Corp. (TSX:DME)

Mining

Desert Mountain Energy Corp is a junior exploration company focused on helium and rare earth gas projects in the United States.

It was incorporated on April 30, 2018, as African Queen Mines Ltd under the laws of British Columbia.

It is listed on the TSX Venture Exchange under the stock quote of ‘DME’. Recently on April 26, 2021, the company was qualified to trade its shares on the OTCQX® Best Market with ‘DMEHF’ ticker.

The Vancouver-based energy company holds two types of resource properties: Helium and Rare Earth Gases

Helium properties

The properties are located in the Holdbrook Basin in East Central Arizona. The Holdbrook Basin project covers a total area of more than 85,000 acres with crucial helium assets under a lease agreement. The helium project includes two past-producing helium gas fields- the Pinta Dome Field and Navajo Springs Field. The gas field in the past have reportedly produced 9.23 billion cubic feet of helium gas.

Rare Gas Projects

The Rare Earth Gases are also referred to as noble or inert gases that are present in small quantity on the atmosphere of the earth. The rare gases comprises of six chemical elements having diversified high-tech applications, namely:
• Helium (He)
• Neon (Ne) used for neon signs
• Radon (Rn)
• Argon (Ar)
• Xenon (Xe)
• Krypton (Kr)

Argon is used to maintain an inert atmosphere in high-temperature metallurgical processes and welding. In addition, Xenon and Krypton are used for commercial lighting applications.

Recently on May 3, 2021, Desert Mountains Energy Corp filed documents and registered itself with th United States Federal Contractor Registration (USCFR). Under the contract, the company claims to supply Helium and Rare Earth Gases to the United States Government.

In May 2021, the resource company commenced the operations on the Well 4 situated in the Holbrook Basin region. The Well 4 has depth of approximately 3,900 feet, it claims. The company aims to augment the discovery of Helium and Rare Earth Gases at the basin by leveraging its cutting-edge testing equipment, including drones and airborne sensor.