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D.M. All; Make certain you indicate CD$ or US$; (Or EU) At this point this NB board only shows the ND on TSX, C$.
Fidelity has the new symbol ND and the 1-10 R/Split in place. Did not enter a trade so I do not know if they have a hold on the shares today!
https://www.facebook.com/people/Desert-Mountain-Energy-Corp/100064587563325/
Jan Schmidt
When will be the first sales to the US Government?
“Our first client will be the US Government. We’ve got a supply number with them and a same day payment number"
Desert Mountain Energy Corp.
4d ·
Watch the recap of Desert Mountain Energy Corp. (OTCQX: DMEHF | TSXV: DME) presentation from the Oil & Gas Virtual Investor Conference.
Don Mosher, DME President & Director, provides an overview of DME, the McCauley Helium Processing Facility, and catalysts moving forward.
?? WATCH ? https://bit.ly/3mRhYJ4… See more
Youtube below!
Desert Mountain Energy Corp. (OTCQX: DMEHF | TSXV: DME): Virtual Investor Conferences
NE; Not a mod, but retaining this board and its comments makes sense to me. (Mods could also might ask if any NB comments can be merged or migrated over to this Board.)
When I first saw the NB board I assumed that Investor Hub had it set up and ready the new symbol. Better, I suppose, to have addressed this issue before tomorrow.
P.M. Well, good thing the Stock Symbol for NioCorp is all getting sorted out before they started trading as NB!
(Given the events of the last week I kept thinking we were becoming the "Lords of Chaos" but things appear to have calmed down considerably. No, did not see the movie and not fond of Norse heavy metal music. (I prefer the green sound of the NB metal portfolio.)
Walter; The NB board is up. Maybe you should do the first post.
Duke; I am glad for you and your family that you moved out before this down side. I am still ahead at this point and we will see what the next few days brings. (Sitting here in a hail storm along with the rest of this pack of jackrabbits! )
3/17/2023 NIOBF 3:00 CST Closed at US $.70. (Will the split be based on the OTC Close or the TSX Closing price?)
Landmark; R/S...Today's the day!
I spit in the wind and put in a sell Day trade for 100 shares at US $.89. (Its about$.71 right now.) I expect to still have those share at 3:00 CST.
Putz; Options expiration Friday and of course St Patrick's day. Individual stocks will probably be filled with a lot of weird ups and downs and amplify market level downdrafts on top of today's understandable NIOBF S/P decreases.
D.S. Odd. You have indicated that you do not have any shares so I am not sure why you would say "The SPAC played us!". You are apparently no longer one of us. You should be happy that you got out.
On a Day when the price needs to go up you appear to be saying things that may be so, but will only drive the price down. Of course that is good for future buyers and some of the arbitrage crowd.
bombero77; Thanks. I will check in from time to time and see what happens with managment.
https://searchminerals.ca/news-media/news/search-minerals-to-receive-5-million-in-funding-from-the-government-of-canada-under-the-critical-minerals-research-development/
Vancouver, B.C. March 7, 2023 – Search Minerals Inc. (“Search Minerals”) (TSXV: SMY | OTCQB: SHCMF) is pleased to announce that the Government of Canada has contributed $5 million in non-dilutive support to Search Minerals via a Contribution Agreement which will be used to fund the construction and operation of a demonstration plant for rare earth extraction and recovery. The total project cost is estimated at approximately $9.3 million with a further $1 million of funding under application from other sources. Search Minerals’ contribution to the construction costs is expected to be approximately $3.3 million.
The demonstration plant will process ~20 tonnes of rare earth concentrate prepared from 72 tonnes of Deep Fox and Foxtrot mineralization using Wet High Intensity Magnetic Separation (Search Minerals News Release dated September 16, 2022). The work will be completed by SGS Canada and completion of the program is expected in early 2024.
The funding of the demonstration plant helps Search Minerals to:
Confirm application of the Direct Extraction Process to the rare earth concentrate materials
Obtain engineering data for feasibility study completion, expected in 2024
Prepare ~1 tonne of high purity mixed rare earth carbonate precipitate to be used to validate separation of individual rare earth products
“These funds will help us to move toward a bankable feasibility study assessment of rare earth mining, extraction and separation in the province of Newfoundland and Labrador,” said Chairman and Interim President and CEO Leo Power. “The demand for “magnet” rare earth elements such as neodymium, praseodymium, dysprosium and terbium is increasingly rapidly driven by the demand for permanent magnets, for electric vehicle traction motors, wind turbines for power generation and for robots. This demonstration plant program will position Search as a reliable provider of rare earth materials to support a Canadian and North American supply chain for these critical materials.”
Mr. Power added, “We thank Natural Resources Canada, the Government of Canada and our other financial supporters for helping to fund this critical step in the transition of Search from explorer to developer.”
The Honourable Jonathan Wilkinson, Minister of Natural Resources Canada, said, “Canadian innovators are leading the way towards a cleaner future. Today’s investment of $5 million in Search Minerals will help to advance the development of a dynamic and competitive critical minerals sector through the development and demonstration of innovative processing technologies. This means good jobs for workers, more investment in Canadian innovation, and lower emissions across the country - all part of our plan to build a cleaner Canada and a prosperous, sustainable economy that works for everyone.”
Search Minerals is also working on establishing an important collaboration agreement with Memorial University and the College of the North Atlantic to support the Demonstration Plant project and to build capacity and knowledge in rare earth processing in Newfoundland and Labrador and Canada.
About Search Minerals Inc.
Search Minerals is focused on finding and developing Critical Rare Earths Elements (CREE), Zirconium (Zr) and Hafnium (Hf) resources within the emerging Port Hope Simpson – St. Lewis CREE District of South East Labrador. Search controls two deposits (Foxtrot and Deep Fox), two drill ready prospects (Fox Meadow and Silver Fox) and numerous other REE prospects, including Fox Valley, Foxy Lady and Awesome Fox, along a 64 km long belt forming a REE District in Labrador. Search has completed a preliminary economic assessment report for DEEPFOX and FOXTROT. Search is also working on three exploration prospects along the belt which include: FOX MEADOW, SILVER FOX and AWESOME FOX.
Search Minerals has continued to optimize our patented Hydrometallurgy Direct Extraction Process technology with the support from the Department of Industry, Energy and Technology, Government of Newfoundland and Labrador, and from the Atlantic Canada Opportunity Agency. We have completed two pilot plant operations and produced highly purified mixed rare earth carbonate concentrate and mixed REO concentrate for separation and refining. We also recognize the continued support by the Government of Newfoundland and Labrador for its Junior Exploration Program.
Search Minerals was selected to participate in the Government of Canada Accelerated Growth Service (“AGS”) initiative, which supports high growth companies. AGS, as a ‘one-stop shop’ model, provides Search with coordinated access to Government of Canada resources as Search continues to move quickly to production and contribute to the establishment of a stable and secure rare earth element North American and European supply chain.
For further information, please contact:
Leo Power
Chairman of the Board
709-682-3543
E-mail: leopower@searchminerals.ca
Dr. David Dreisinger
Director and Vice President of Metallurgy
604-613-4434
E-mail: david.dreisinger@searchminerals.ca
G.M. GXII had about 90 investment companies holding GXII shares and it would probably have involved violating a number of Securities laws to try to manipulate a negative result. (As well as something similar to herding Jackrabbits.)
D.S. NIO is a car company.
He is our new board member so you will continue to hear from him. (And pay him...) May he be correct. (Note my use of the Subjunctive mood.)
PM. Dilution. Feel any better? Irritatiedly Bearish? (Me too.)
P.C. The fact that this fell Post SVBC and Signature takeovers and in a liquidity crisis did not help the situation.
I wonder if the Net proceeds would be $50-$60 million higher had the GXII meeting happened on March 5 instead of March 15. Uncertainty led to companies securing their cash reserves rather than taking on the risk of an undeveloped mining project.
Of course (as previously pointed out) the reason the redeeming companies approved the merger is because their real interest at this point is to prevent their warrants from expiring worthless, that and possibility of obtaining future shares cheaply at some future point in time. (And perhaps getting a quick buy and sell profit with little additional risk exposure.)
Omaha I. A very mixed bag. There will be about $96 million US that will be initially available to NioCorp. Shareholders will not have the massive share dilution that everyone feared. We will have the uplisting to NASDAQ that MS Wanted so move coverage and exposure.
Per Fidelity there are 37,500,000 GXII A shares: Each share of GXII carried with it 1/3 of a warrant and I think all of those warrants survive the shares that were redeemed, so there should be about 12,487,500 post merge/post RS warrants that will convert into 13,964,673 warrants.
If exercised at (IIRC) US$11.05 they would bring in $154.3 Million more cash for NioCorp, but they can not control when exercised unless the share price is > $18 for 10days IIRC. (They might accelerate it somehow??)
The Import Export bank loan is still out there at about $800,000. 6-8 months possibly.
Buy the remaining land and start the infrastructure and maybe sink the shafts. Update the REE info and the FS and see what happens on that loan.
Good night!
Putz; Pretty sure it was a phone in meeting so Ski did not need to be there. 1 share GXII is probably enough to get in. (Disclosure I have GXIIW!)
(My drive by)
Putz. "Which one is dumb...." (To be determined...)
Which ever side is the smart one in the trade, the NASDAQ seems to be doing pretty well! (Fees Schedule)
https://tinyurl.com/yc6dw7em
Unable to get into the trading fees schedule...membership required and I do not have any spare change....
I Shared with KCMOE that we are all looking forward to the results of this GXII "Ides of March" meeting ! Umhum.
Hetfield; Once Niocorp Managment has approval no delay, they act.
While GXII S/Os can probably change their votes until 10:30 EST Tomorrow, I suspect GXII Managment already knows if they have a majority of votes and has informally shared this information with M.S.
For reference:
<Center>SUPPLEMENT TO DEFINITIVE PROXY STATEMENT, DATED FEBRUARY 8, 2023, FOR THE SPECIAL MEETING OF STOCKHOLDERS 3/ 15, 2023
(Happy PI Day!)
Stark; Surgical metals, a minor, but important usage of niobium and titanium!
https://pubmed.ncbi.nlm.nih.gov/26318754/
"Titanium niobium nitride knee implants are not inferior to chrome cobalt components for primary total knee arthroplasty "
Snip....
"Background: Metal allergy in total knee arthroplasty (TKA) is still a controversial topic. Oxinium, ceramic or titanium niobium nitride (TiNbN) coated implants are available for some knee systems. The hypothesis of this study was that the use of TiNbN-coated components would not lead to inferior results compared to conventional implants and that none of the allergic patients receiving TiNbN-coated implants would require revision for metal allergy.
Results: No differences in clinical, radiological, or patient-reported outcome measurements were observed between the two groups. No patients have been revised at this short- to medium-term outcome evaluation.
Discussion: Metal allergy leading to contact or systemic dermatitis is especially linked to chrome and cobalt allergy. Nickel allergy because of knee implants rarely gives cutaneous symptoms, but could potentially lead to peri-prosthetic osteolysis and loosening. The use of titanium niobium nitride implants in case of a positive history of metal allergy could avoid this devastating complication.
Conclusion: The use of titanium niobium nitride-coated implants for primary knee osteoarthritis shows similar clinical and radiological outcomes as conventional TKA without revision for loosening at short- to medium-term follow-up. Level of evidence Level IV study. "
VANCOUVER, British Columbia, March 13, 2023 (GLOBE NEWSWIRE) -- Desert Mountain Energy Corp. (DMEHF) , based in Vancouver, focused on helium, today announced that Don Mosher, President and Board Director, will present live at the Oil & Gas Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on March 16th, 2023.
DATE: March 16th, 2023
TIME: 11:00 am ET
LINK: https://bit.ly/3I8vLSO
Available for 1x1 meetings: March 16, 2023
This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.
D.S. Thank you. It will happen I think, but probably not at the subscription level it would have 2 weeks ago.
Your:
"There are a lot of unknowns as the company moves forward in a crucial period. Moving to the Nas (NASDQ) and getting much needed funding is a very positive development. On the downside, you will know shortly how much cash is coming over. Nio (NIOBF) shareholders have their holding scalped by 90% in shares. Who will support the stock when it moves to the higher board. This merger has come at a dark period with Silicon Valley giving shareholders a wake up call. "
Cash coming in is not a downside. Share Dilution is not "Scalping". Grunt's earlier post explains why it should not be taken that way.
https://www.niocorp.com/niocorp-shareholders-vote-overwhelmingly-to-support-business-combination-with-gxii/
"NioCorp Developments Ltd. Shareholders Vote Overwhelmingly to Support Business Combination with GXII and to Approve Up to $81 Million in Separate Financing Deals for NioCorp"
Obviously the additional cash will not re-inflate the SP but it does allow NioCorp to start addressing their business objective and is not a Lind style share dilution that provides cash so that NioCorp can just continue to pay salary and exist.
The Merger will happen even at reduced subscription and will allow a move off of a (mostly) paper proposal to actual physical operations which will result in saleable products and profitability in 3-4 years. (And yes, I am of the minority opinion that the SP will probably still look ugly during that time and even after an uplisting. Will my GXIIW warrants expire worthless before 2028? I hope not. )
Note that in the event we do not reach full subscription level GXII will pursue additional finanacing to make up the shortfall.
I do not hold LWLG and do not know much about it but I do not think that they are comparable. (New Lower cost Polymer based optical transmission server circuitry VS Critical mineral mining with apparent Government support.)
Now If you do not hold shares and think the price will continue to go down... Altruism? Seeking a Lower re-entry point?
(I am off to do other things now!)
Reetala; "but am now out of dry powder."
I think this applies to a lot of us!
Grunt. "So, of course the cost of capital is never zero. We hope all GXII shareholders decide to stay put and become part of NB. IT will be nice not having to wait for another "large investor" and having to wait another round of negatively impacting our share price."
Thanks. The whole post, a good summation. The merger needs to be approved. Yes, existing shareholders will take a hit but considerably less than if we have to wait another 2-3 years for another round of financing and financing approval.
I suspect that a few larger banks like Morgan Stanley will want their cash, or some of it, returned. (Would it cover their unexpected FDIC membership assessment? Dunnoh. )
My Roth IRA is not happy today but I am watching and holding on.
Putz; Humm. Looking for your <Sarc> tag.
(Nice share price move today after the overwhelming vote)
SOs here agree financing would have been better pre Covid and pre Biden, but it really needed to be wrapped up two weeks ago before SVBank. A lot of corporate GXII subscribers now have to consider their company's liquidity and have to decide if they will be better off invested in an undeveloped mine and extraction facility 3-4 years out from final product and dividends or have their cash returned. ( Phff! I think about that too.)
On a good note, GXIIW warrants are up $.17. (My limited holdings are up 256%. )
I think the merger will happen,but not at the 80-90% subscription hoped for 2 weeks ago. (GXII corporate SOs analysis completed by now....is their enough inertia behind their final decisions for them to vote yes in the face of a Banking crisis? Will GXII managers delay a meeting to next month?? )
Chico; Doug; Thanks for this information! I am in agreement and I am out as well.
https://www.desertmountainenergy.com
DESERT MOUNTAIN ENERGY POWERS UP THE McCAULEY HELIUM PROCESSING FACILITY
Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) From the President of the Company. The Company is pleased to announce that it has completed high-pressure testing of all the processing facility components and has powered up the facility through the compressed natural gas (CNG) generators. The McCauley Helium Processing Facility will transition to solar energy upon the arrival of the battery storage units.
DME has identified a few items which could possibly affect processing during elevated summer temperatures. GENERON is resolving this by fabricating the appropriate pieces and installing them within 10-14 days to resolve any issues.
“We are pleased with the excellent job performance and on-site fabrication services that our installation crews did for us since taking delivery of the plant,” said Robert Rohlfing, CEO of Desert Mountain Energy Corp. “Working through the final details on a project that is this complex is time-consuming but necessary.”
Extreme winter conditions required extra diligence during welding and other operations performed in the open desert. Pass ratings required X-raying all welds to detect any defects like porosities, cracks and inclusions. The Company made the decision to go above the normally accepted practices in order to ensure years of uninterrupted operation and minimum maintenance. DME anticipates it will continue to work through various throughput, gaseous chemical mixtures and final product purity levels over the 90-day optimization program.
Well thank you Ned! I will go over and take a look!
One of the things mentioned in one of the talks is that they are bringing their own wells on line slowly to avoid rapidly depleting them and ending up with a well filled with gassy water. (IIRC)
It is very positive that they will utilize any excess extraction processing capacity by purchasing H/He which will allow them to realize additional revenue while they bring their wells fully online.
"purchase raw or crude helium gas from PetroSun, subject to approval by the Company and available processing capacity at the anticipated date of delivery. The agreement calls for pricing to be set based on market pricing conditions at the time of purchase and the gaseous chemical composition of the raw or partially processed gas. This agreement does not call for nor shall it be interpreted as a dedication of helium percentages or volumes from any PetroSun well(s) to any specific current or future Desert Mountain Energy processing facility. The Company has agreed to consider opportunities to explore for hydrogen on PetroSun leaseholds."
It looks like they will also be providing exploration and engineering services including their drilling rigs, to PetroSun. Very positive!
(Made another small purchase of DMEHF this morning!)
DESERT MOUNTAIN ENERGY SIGNS LETTER OF AGREEMENT TO PURCHASE AND PROCESS RAW CRUDE HELIUM GAS 2/22/2023
DMEHF Signs Letter of agreement to Process Raw Helium/ Hydrogen Gas...
Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) From the President of the Company. The Company is pleased to announce that it has signed a letter of agreement to purchase raw or crude helium gas from PetroSun, subject to approval by the Company and available processing capacity at the anticipated date of delivery. The agreement calls for pricing to be set based on market pricing conditions at the time of purchase and the gaseous chemical composition of the raw or partially processed gas. This agreement does not call for nor shall it be interpreted as a dedication of helium percentages or volumes from any PetroSun well(s) to any specific current or future Desert Mountain Energy processing facility. The Company has agreed to consider opportunities to explore for hydrogen on PetroSun leaseholds.
The Company has further agreed to cooperate and assist PetroSun with future exploration for both helium and hydrogen, where feasible for seismic testing and other geophysics, in order to lower overall costs. The Company feels that when applicable, it will assist in securing rig availabilities, and trucking, coupled with other testing and operational aspects.
“We look forward to working with PetroSun in their areas along with maximizing, when possible, our existing trucking, personal, and processing facilities,” says Robert Rohlfing, CEO of DME. “In our discussions with the CFO & President, they were desirous of looking for ways to adapt some of our drilling and completion procedures to ensure the protection of the environment going forward. Our Company is committed to conducting our business activities in an environmentally sound manner.”
DME will continue to actively pursue gas purchase agreements with other operators to purchase raw gas or crude helium that conforms to the Company’s stated operational guidelines. The company plans to build and operate additional plants, based on our primary McCauley Helium Processing Facility, with features to handle a wide variety of noble gas mixtures. This strategy permits the Company to maximize throughputs by adding additional wells not owned and operated by DME for the benefit of our shareholders.
PetroSun is an Arizona-based company with over 250,000 acres of land in Arizona. It trades on the OTC pink sheets and is in the process of completing its newest well.
Kasey...There are different grades of Helium, and that would probably be one of the lowest. (Also for weather balloons, of which a large number are launched in the US every day!) This is probably what was in the Birthday balloons that someone had the Air Force shoot down over Alaska and Lake Huron.
Chico; Perhaps one reason for the selection of a closed aluminum plant in Ravenswood W.V. and proximity to another Aluminum is this is the production of something like this:
"The titanium aluminide intermetallic compounds Ti3Al and TiAl have attractive engineering properties that make them potential replacements for nickel-based superalloys in aircraft engines at temperatures from 600 to 870 °C (1,100 to 1,600 °F). A major impediment to wider use is their low ductility."
This would not put Ravenswood them in direct competition with IBC Advanced Alloys Corp, but they would be selling to the same government groups. (Also Supply chain grants or guarantees as well?)
I am an investor not a chemist or process engineer so just some general speculation.
One of the by products of the Elk Creek development extraction refining process is reported to be Magnesium, which at some point, in its metallic form, is used in production of Titanium metal. (A lot of steps between Magnesium oxide and metal presumably.) Currently they are talking about using the residue of the extraction process as back fill for closed mine corridors. (Magnesium recovery is, at this point with the merger, probably not a major priority.)
https://www.britannica.com/technology/titanium-processing
snip...."In 1932 William J. Kroll of Luxembourg produced significant quantities of ductile titanium by combining TiCl4 with calcium. By 1938 Kroll had produced 20 kilograms (50 pounds) of titanium and was convinced that it possessed excellent corrosion and strength properties. At the start of World War II he fled Europe and continued his work in the United States at the Union Carbide Company and later at the U.S. Bureau of Mines. By this time, he had changed the reducing agent from calcium to magnesium metal. Kroll is now recognized as the father of the modern titanium industry, and the Kroll process is the basis for most current titanium production."
Until Scott or Mark say something about a recoverable/saleable magnesium product just something to be aware of.
https://www.desertmountainenergy.com/desert-mountain-energy-receives-spacing-exemption-order-for-the-mccauley-helium-field/
DESERT MOUNTAIN ENERGY RECEIVES SPACING EXEMPTION ORDER FOR THE McCAULEY HELIUM FIELD
Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) From the President of the Company. The Company is pleased to announce that it has been granted an exemption to the 640-acre spacing requirements allowed by the State of Arizona. This exemption will allow the Company to drill wells on 40 acres of spacings as opposed to the usual 1 well per section that is the normal practice allowed by the Arizona Oil and Gas Commission. Flow lines for the 3 proposed hydrogen wells have been trenched and buried to transport the raw gaseous mixture for separation at the McCauley Processing Facility. The plant design allows for the hydrogen to be separated from the other elements while at the same time allowing the capture of both helium and hydrogen for purification. The 640-acre spacing exemption allows DME and Beam Earth Ltd. to explore and better optimize hydrogen and helium discoveries in upper possible formations.
“Beam Earth’s expertise in commercializing hydrogen allows us to look at the potential of using the hydrogen and nitrogen found in our fields to investigate the manufacture of ammonia,” says Robert Rohlfing, CEO of DME. “The J.O.A. signed between us reduces our costs and supplies the expertise to exploit this discovery.”
A geophysics program will be launched in April 2023, and drilling is planned for early June 2023 with results expected in early July 2023. Furthermore, the Company will be looking to maximize potential development through all available manners including Federal IRA and business development opportunities.
TSX Venture 50
The Company is honoured to be included on the TSX Venture 50 list of top-performing companies. The TSX Venture 50 is a ranking of the top performers among 1649 companies on the TSX Venture Exchange. The companies on this year’s list have demonstrated their ability to access capital for growth and scale up their business for success.
ABOUT DESERT MOUNTAIN ENERGY
Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on exploration, development and production of helium, hydrogen and noble gases. The Company is primarily looking for elements deemed critical to the renewable energy and high technology industries.
We seek safe harbor
Alright Putz; got your $1.00 US open....
As of 9:31 AM CST Quote on Fidelity
Bid 1.00
Ask 1.02
Volume 43, 831
Should move up as more news percolates out!
I hope we get an announcement once they reach a quorum of votes and vote proxies.
***Niobf is also one of the most active formums on this board.
Feb 7, 2023 news story
https://www.nbcnews.com/science/science-news/fate-americas-largest-supply-helium-air-rcna69309?utm_source=facebook&utm_medium=social&utm_campaign=DME:+Other&utm_content=ap_uib9bq7csk
"The fate of America’s largest supply of helium is up in the air
The Federal Helium Reserve was supposed to be sold off in 2021. Scientists hope it will remain in government hands...."
-------------------------------------------------------------------------------
YouTube video part 4 from Market Minute from 5 days ago.
2,599 views Feb 13, 2023
Andrew O’Donnell catches up with Robert Rohlfing, CEO and Executive Chairman of Desert Mountain Energy. DESERT MOUNTAIN ENERGY HOLDS COMMISSIONING CEREMONY FOR THE McCAULEY HELIUM PROCESSING FACILITY
Desert Mountain Energy CEO & Executive Chairman, Robert Rohlfing, has wealth of hands-on exploration experience in the U.S Southwest and worldwide.
Listen to Don Mosher, DME President, explain how Robert first discovered helium in the Holbrook Basin and how he has taken the project to where it is today.
https://www.facebook.com/people/Desert-Mountain-Energy-Corp/100064587563325/
CritM3; Humm....Or they could try to blend in and just plant sunflowers, corn and soybeans at the entrance :)
Stark12. It is a landscaper's edging spade used to cut turf around borders and flower beds. A hopeful symbol for landscaping at the entryway of the Elk Creek project office.
https://homeguides.sfgate.com/use-spade-landscape-edging-39555.html
Florid Landscaping with a nice sharply cut edge. (Probably Butchard Gardens in Victoria B.C.)
E.C.P. Status: On site grubbing is done. Men with white hats and yellow vests and Stakes with orange flags next. Some grading,**, then some boring done for the engineers to determine final placement of Shafts and Plant. A trailer for engineers with blueprints appears. Ground Freeze people show up with their refrigeration equipment and Cementation starts to move stuff onsite. Hopefully all this done by end of 2-3rd Quarter 2023.
(**Groundbreaking ceremony about when this happens.)
Definitely Butchard gardens! Canada eh?
Chico; I do not know! The COO also left! (2nd article.) One person might leave for personal reasons, illness or retirement; 2 probably at the same time means the board was involved in some way. (European investors/board members.) Lets see if they find someone located a bit closer to Labrador and the mining site!
--------------------------------------------------------------------------------------------------------------------
Search Minerals Names Interim President/CEO
BY MT Newswires
— 6:13 AM ET 02/13/2023
06:13 AM EST, 02/13/2023 (MT Newswires) -- Search Minerals Inc. (SHCMF) on Friday said it has appointed Leo Power as interim President and CEO following the termination on a without cause basis of the employment agreement with former President and CEO Greg Andrews.
Andrews and the company are in discussions to effect the termination and ensure a smooth transition, according to the statement.
The company said it will launch a search process to identify a new President and CEO immediately.
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
-----------------------------------------------------------------------------------------------------------------------
https://searchminerals.ca/news-media/news/resignation-of-chief-operating-officer/
Vancouver, B.C. February 7, 2023 – Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”), announces that Todd Burlingame has resigned from the position of Chief Operating Officer and has provided the Company with notice of termination of his Independent Contractor’s Agreement effective February 4, 2023. Mr. Burlingame joined the Company in February 2022 in the role of COO.
Mr. Burlingame says: “I would like to thank the Board for the opportunity to work on the development of the Deep Fox and Foxtrot project. I am confident that, as Search advances the project, the Province of Newfoundland and Labrador will secure its place in the global rare earth elements supply chain”. Mr. Burlingame will continue to assist the Company for an additional three months to provide a period of transition.
Leo Power, the Company’s Chairman of the Board says: “Over the past year Todd has assisted the Company in advancing its Deep Fox and Foxtrot deposits for the transition into a development project. The Board looks forward to continuing to work with Todd through the transition period and would like to thank him for his service”.
For further information, please contact:
Leo Power
Chairman of the Board
709-682-3543
E-mail: info@searchminerals.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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