Desert Mountain Energy Corp. (V:DME)
Business Focus: Industrial Gases
| Sector: Basic Materials | Industry: Commodity Chemicals |
| Company Contact | |
| Address: | Suite 250, 750 West Pender Street VANCOUVER BC V6C 2T7 |
| Tel: | 1-604-6175448 |
| Website: | https://www.desertmountainenergy.com |
| IR: | See website |
| Key People | ||
| Robert Rohlfing Executive Chairman of the Board, Chief Executive Officer | Donald Aubrey Mosher President, Director | Scott Davis Chief Financial Officer |
| James Cronoble Director, Vice President - Exploration | Marta Hodan Wasko Vice President - Geology | |
| Business Overview |
| 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). |
| Financial Overview |
| For the three months ended 31 December 2023, Desert Mountain Energy Corp revenues increased 64% to C$624K. Net loss decreased 57% to C$862K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Share-based payments decrease of 96% to C$51K (expense), Marketing decrease of 64% to C$81K (expense), Interest income and accretion increase from C$41K to C$89K (income). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $9.18M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1.99M as of Dec 31, 2023 |
| EBITDA (TTM): | -$5.14M as of Dec 31, 2023 |
| Net annual income (TTM): | -$10.43M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$15.39M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 90,258,109 as of Jan 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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