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Desert Mountain Energy Corp
(DME)
Desert Mountain Energy Corp (DME) vs. S&P 500 (SPY)
Desert Mountain Energy Corp Business Overview & Revenue Model
Desert Mountain Energy Corp Financial Statement Overview
| Breakdown | |||||
| TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 368.91K | 860.34K | 1.74M | 443.92K | 0.00 | 0.00 | Gross Profit |
| -971.39K | -409.67K | 276.60K | 244.42K | -5.06K | -1.60K | EBIT |
| -2.82M | 0.00 | -6.11M | -5.78M | -6.12M | -1.87M | EBITDA |
| -4.91M | -5.08M | -6.22M | -6.34M | -7.89M | -1.63M | Net Income Common Stockholders |
| -4.37M | -4.58M | -11.59M | -9.14M | -8.78M | -1.50M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 546.21K | 1.18M | 12.09M | 12.52M | 26.82M | 10.61M | Total Assets |
| 52.55M | 50.53M | 59.45M | 40.02M | 34.52M | 13.55M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -546.21K | -1.18M | -12.09M | -12.23M | -26.61M | -10.09M | Total Liabilities |
| 3.29M | 3.30M | 8.68M | 2.71M | 666.93K | 75.72K | Stockholders Equity |
| 49.25M | 47.23M | 50.77M | 37.31M | 33.85M | 13.47M |
| Cash Flow | Free Cash Flow | ||||
| -6.99M | -9.71M | -14.14M | -13.61M | -5.79M | -2.38M | Operating Cash Flow |
| -2.39M | -2.63M | -4.70M | -3.52M | -1.60M | -873.36K | Investing Cash Flow |
| -5.19M | -8.28M | -16.88M | -17.86M | -4.18M | -928.17K | Financing Cash Flow |
| 0.00 | 0.00 | 21.43M | 7.00M | 22.31M | 11.85M |
Desert Mountain Energy Corp Technical Analysis
Desert Mountain Energy Corp Peers Comparison
Desert Mountain Energy Corp Corporate Events
Desert Mountain Energy Corp. has announced significant progress on Arizona’s Senate Bill 1444, which seeks to establish responsible helium exploration and production regulations. The bill has advanced to the Arizona House of Representatives with bipartisan support and is pending further review. Additionally, the company has successfully closed the second tranche of its non-brokered private placement, raising a total of C$756,500. This financial move supports the company’s ongoing efforts in helium exploration and production, potentially strengthening its market position and operational capabilities.
Desert Mountain Energy Corp. announced a favorable ruling from the Arizona Court of Appeals, which declared the City of Flagstaff’s claims against the company null and void. This legal victory, following a four-year battle, is expected to positively impact the company’s operations and strengthen its position in the resource industry, particularly in helium extraction.
Desert Mountain Energy Corp. has entered into an exclusive licensing agreement with Hethos Ltd. for a helium extraction plant design in South West England. This agreement allows Desert Mountain Energy to receive a 5% royalty on helium gases extracted and participate as an operator in projects within the designated area. The plant is designed to be energy-efficient, utilizing alternative energy sources like solar and wind power, which aligns with the company’s focus on sustainable practices. This strategic move enhances Desert Mountain Energy’s operational flexibility and positions it favorably in the helium and hydrogen exploration and production sectors.
Desert Mountain Energy Corp. has successfully closed the first tranche of its non-brokered private placement, raising C$514,000 through the issuance of 2,056,000 units. Each unit includes a common share and a warrant, allowing further share purchases at a specified price. This financial move is expected to support the company’s ongoing operations and strategic goals in the helium and natural gas sectors, potentially enhancing its market position and offering value to stakeholders.
Desert Mountain Energy Corp. announced the successful passage of Arizona Senate Bill 1444 by the Senate Committee on Natural Resources, which facilitates responsible helium exploration and production. The bill, supported by major industry organizations, aims to establish clear regulations for helium extraction, balancing economic benefits with environmental protection. This legislation is set to advance to the Arizona House of Representatives, with potential positive implications for the company and the state’s economy, particularly in education funding.
Desert Mountain Energy Corp. has announced a non-brokered private placement offering aimed at raising up to CAD $2 million. The funds will support the development of the company’s natural gas and helium projects in New Mexico and Arizona, as well as general corporate purposes. The private placement involves selling up to 8 million units, each consisting of a common share and a share purchase warrant, with the proceeds enhancing the company’s project development and operational capabilities.
Desert Mountain Energy Corp. has provided an operational update regarding its activities in New Mexico and Arizona, highlighting the successful resolution of technical challenges at its helium processing facilities in New Mexico. The company is now poised to commence helium shipments and is exploring potential opportunities for data centers and cryptocurrency mining in the area. In Arizona, DME is working with regulatory bodies to establish guidelines for helium production and is collaborating on hydrogen projects with Beam Earth Ltd. and Hethos Ltd. The company reported a significant reduction in net loss for 2024 and remains optimistic about achieving profitability in 2025, despite ongoing legal disputes with the City of Flagstaff.