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Putz.... Warrants.... you mentioned people having to redeem shares of NioCorp to pay for the warrants to convert into shares. Here is a section from
https://www.sec.gov/Archives/edgar/data/1512228/000153949722001757/n2574-x57_s4.htm#b_005
page 193. I think the goal IF they call the warrants is to do so on a cashless basis which would avoid sales and dilutions, just retain newly issued warrant shares sufficent to pay for cost to exercise the warrants. (The retained shares would become Treasury shares of the company.) I think you are already aware of cashless exercise since they do the same thing with option shares for managment.
----------------------------------------------------------------------------------------------------------------------------------------------------------------
"The NioCorp Assumed Warrants, and the underlying NioCorp Common Shares issuable upon the exercise thereof, are being registered under the Securities Act pursuant to the registration statement of which this joint proxy statement/prospectus forms a part.
The Combined Company will have the right to call the NioCorp Assumed Warrants for redemption:
? in whole and not in part;
? at a price of $0.01 per warrant;
? upon not less than 30 days’ prior written notice of redemption (the “30-day redemption period”) to each warrant holder;
? if, and only if, the reported last sale price of the NioCorp Common Shares equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period commencing once the warrants become exercisable and ending three business days before the Combined Company sends the notice of redemption to the warrant holders; and
? if there is an effective registration statement covering the NioCorp Common Shares issuable upon exercise of the NioCorp Assumed Warrants, and a current prospectus relating thereto, available throughout the 30-day redemption period.
The Combined Company may not exercise its redemption right if the issuance of NioCorp Common Shares upon exercise of the warrants is not exempt from registration or qualification under applicable state blue sky laws or the Combined Company is unable to effect such registration or qualification.
If the Combined Company calls the warrants for redemption as described above, the Combined Company will have the option to require any holder that wishes to exercise its warrant to do so on a “cashless basis.” In determining whether to require all holders to exercise their warrants on a “cashless basis,” the Combined Company will consider, among other factors, its cash position, the number of warrants that are outstanding and the dilutive effect on the Combined Company’s shareholders of issuing the maximum number of NioCorp Common Shares issuable upon the exercise of the warrants. If the Combined Company takes advantage of this option, all holders of warrants would pay the exercise price by surrendering their warrants for that number of NioCorp Common Shares equal to the quotient obtained by dividing (x) the product of the number of NioCorp Common Shares underlying the warrants, multiplied by the difference between the exercise price of the warrants and the “fair market value” (defined below) by (y) the fair market value. The “fair market value” shall mean the average reported last sale price of the NioCorp Common Shares for the 10 trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of warrants. If the Combined Company takes advantage of this option, the notice of redemption will contain the information necessary to calculate the number of NioCorp Common Shares to be received upon exercise of the warrants, including the “fair market value” in such case. Requiring a cashless exercise in this manner will reduce the number of shares to be issued and thereby lessen the dilutive effect of a warrant redemption. If the Combined Company calls the warrants for redemption and does not take advantage of this option, the Sponsor and its permitted transferees would still be entitled to exercise their GX Founder Warrants for cash or on a cashless basis using the same formula described above that other warrant holders would have been required to use had all warrant holders been required to exercise their warrants on a cashless basis, as described in more detail below.
A holder of a warrant may notify the Combined Company in writing in the event it elects to be subject to a requirement that such holder will not have the right to exercise such warrant, to the extent that after giving effect to such exercise, such holder (together with such holder’s affiliates), to the warrant agent’s actual knowledge, would beneficially own in excess of 4.9% or 9.8% (or such other amount as a holder may specify) of the NioCorp Common Shares outstanding immediately after giving effect to such exercise.
The NioCorp Assumed Warrants will have certain anti-dilution and adjustments rights upon certain events.
The NioCorp Assumed Warrants are issued in registered form under the GX Warrant Agreement. You should review a copy of the GX Warrant Agreement for a complete description of the terms and conditions applicable to the warrants. The GX Warrant Agreement provides that the terms of the warrants may be amended without the consent of any holder to cure any ambiguity or correct any mistake or to correct any defective provision, but requires the approval by the holders of at least a majority of the then outstanding public warrants to make any change that adversely affects the interests of the registered holders of public warrants."
Good deal! It appears they got regulatory approval, probably one of the reasons they went to Washington DC!
Kasey! The Chiefs are going to Glendale AZ! Timely!
D.M. E. C. They have their facility and are starting up production slowly to avoid losing the helium "draw" from the well.
I think that its a big point that they own their own drilling rig and will not have the scheduling issues that come with hiring someone to do the drilling. They have an off take agreement for the hydrogen and have a number of potential customers in the nearby area. I think that as they confirm its working and begin to sell product s/p will rise.
There is a good article on Seeking Alpha that you might like! I may have posted it earlier. (I am not sure about the overseas expansion tho..)
Desert Mountain Energy: Closer To Revenue And Overseas Expansion
Hey Chico! Searchminerals tends to go a long time between their news releases.
According to this his chart from https://searchminerals.ca/, we are in the "ongoing activities" phase. I think they are probably working on definitive feasibility study . (And probably looking for additional funding!)
I think we're both focusing on NioCorp and what we expect will be funding and a completed merger.
IF they continue to find funding can follow to this outline they might be starting up mining operations at about the same time as NioCorp. At this point investment in SearchMinerals requires a tolerance of risk and ability to hold, and probably an acceptance that there will be more dilution of share value. I am holding my shares and can wait.
Some points from the Don Moser video. (last post) 78,000,000 shares outstanding currently. (Not exaustive.)
Dilution....2 financed. 2 finances done. Cnd $29.3 million raised.
30% owned in Europe, 28% family owned in Canada, looking to promote to US Shareowners. They prefer thousands of Shareholders to small number of retail investors. Results in price stability. Want to earn way into a uplist. Except for 1 Canadian individual, remaining managment are U.S.
Price of helium has climbed, shortages are expected. $500 per thousand ft2, was $300 a year ago.
They expect to get 15-20 years out of each well. Once running they expect a 90% margin on future sales.
https://www.desertmountainenergy.com/the-wall-street-analyzer-interview-with-president-and-board-director-don-mosher/
With the recent news of the commissioning of The McCauley Helium Processing Facility, Juan Costello, host of The Wall Street Analyzer introduced Desert Mountain Energy Corp. to the world of helium. In this 15-minute interview, they discussed:
What it means to be a vertically integrated company
Things you should be aware of if you are thinking about investing in helium
DME and their key goals for 2023
An update on Well #3
Partnership with Beam Earth Ltd. and what they plan to do with their hydrogen finds
https://www.desertmountainenergy.com/desert-mountain-energy-adds-helium-acreage-in-arizona/
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 leased an additional 15,600 acres situated on indicated structural traps for helium. With this acreage combined with the previously announced 8023 acres, Desert Mountain Energy Corp has increased its Arizona holdings by more than 18% and over 100,000 acres. The Company continues to remain focused on its Arizona properties whilst evaluating long-term expansion opportunities. The Company has either acquired or made agreements for surface property to support future required possible production facilities.
M.M. Not going to look at in depth tonight, but I wonder if this was something they needed to clarify for regulators in order to get approval.
Doug; Thanks! I think any poster here has a pretty good understanding of the risk of investing in Jr. Miner penny stocks. Buy lots of shares at a low price and wait for years (Years) and hope that a mine begins production. ( NIOBF)
Since this is a surface mine Search has an easier path to start up, but they have the same problems with financing in, I think, a contracting world economy. I would not be surprised to see them start production around same time as NioCorp (IF Search gets financing and NioCorp gets their merger with their SPAC).
Starting up production. You might look at DMEHF for a start up Helium extraction company that has a number of wells in place in AZ, has its facility manufactured and sited and is tuning it up to start production. ( Did not leave SearchMinerals or NioCorp, but got tired of companies with long waits till production start up and took a position in DMEHF.) Good cash position and off-take in place for for any hydrogen by product they extract or recover. In production 2nd quarter it sounds like.
DESERT MOUNTAIN ENERGY NAMED TO 2023 OTCQX BEST 50
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 it has been named to the 2023 OTCQX® Best 50, a ranking of top-performing companies traded on the OTCQX Best Market last year.
The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2023 OTCQX Best 50 were ranked based on their performance in 2022.
“We are very honored to accept this award and to be included in this group of accomplished companies,” said Robert Rohlfing, CEO of DME. “This demonstrates the high quality and dedication of our team as we establish ourselves as a leader in the helium industry. As the only publicly traded helium exploration and production company on the list, we will continue to set the standard through hard work and innovative practices.”
Click here for the complete 2023 OTCQX Best 50 ranking.
The OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S. and global companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws."
R & E; Thanks for looking! I have a couple of good ideas where your investment money is right now because I am probably also invested in at least one of them! I invested here because I wanted at least one investment in a company that was actually about to go or actually going into production, and this is it.
R&H Update on Commissioning DMEHF facility. In production by 2nd quarter if not sooner.
DESERT MOUNTAIN ENERGY HOLDS COMMISSIONING CEREMONY FOR THE McCAULEY HELIUM PROCESSING FACILITY
BY Canada NewsWire
— 2:35 PM ET 01/19/2023
TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
VANCOUVER, BC, Jan. 19, 2023 /CNW/ - DESERT MOUNTAIN ENERGY CORP. (DMEHF) (the "Company") , (U.S. OTC: DMEHF), From the President of the Company. The Company is pleased to announce that on January 17, 2023, the Company held a commissioning ceremony for the McCauley Helium Processing Facility. A ribbon-cutting ceremony was performed by Robert Rohlfing, CEO and Executive Director of DME. The Company's management, directors, legal and accounting along with the McCauley Family and members of the investment community were in attendance.
All attendees at the commissioning of the McCauley Helium Processing Facility. (CNW Group/Desert Mountain Energy Corp.)
"Over twenty years of hard work and planning came to fruition as we opened the doors for attendees to walk through the first-of-its-kind helium processing facility," said Robert Rohlfing, CEO of DME. "We look forward to the start of testing this month prior to initiating the 90-day optimization program that will lead into full commercial production."
The 8 acres of solar panels have now been rolled out in addition to the onsite necessary infrastructure being near completion and the interconnects linking the modular units are being completed. All road work and over a mile of fencing are complete.
ABOUT DESERT MOUNTAIN ENERGY (DMEHF)
Desert Mountain Energy Corp. (DMEHF) 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
"Robert Rohlfing"
Robert Rohlfing
Exec Chairman & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.
GM. I hope things go well for you and your family. I think everyone expected financing and a much higher share price by this time. I hope that you were able to realize at least some of your investment objectives while here!
Chico...the news is pretty thin lately! Maybe RS, maybe a private placement or additional warrents.
Small junior miner, sleepy winter in Labrador so they should be working on Financials and moving up from bench to Larger scale demo plant! Probably not much until March?
Anyway not the main investment for either of us I think! NioCorp and the GXII SPAC Merger is the immediate focus!
https://www.theblaze.com/news/pillen-taps-ricketts-replace-sasse
"Nebraska Gov. Jim Pillen, a Republican, has tapped former Gov. Pete Ricketts to fill the seat recently vacated by Ben Sasse, who resigned well before the end of his term as a U.S. senator.
Sasse, a Republican who would not have come up for reelection until 2026, stepped down earlier this month with plans to become president of the University of Florida. He had served as a senator since early 2015, and had won another term in the 2020 election. He tweeted in November that he was "thrilled to join Gator Nation in February."
Article from 2017; Gov. Ricketts is well aware of the Elk Creek Development having previously nominated it as an important infrastructure project. (He is probably getting tired of promoting it and would like to see it finally built!)
https://www.globenewswire.com/news-release/2017/07/31/1064827/0/en/Nebraska-Governor-Pete-Ricketts-Nominates-the-Elk-Creek-Project-to-the-White-House-as-a-High-Priority-National-Infrastructure-Project.html
"CENTENNIAL, Colo., July 31, 2017 (GLOBE NEWSWIRE) -- Governor Pete Ricketts (R-NE) has nominated the Elk Creek Superalloy Project as a “High Priority Infrastructure Project” in response to the White House’s January 24, 2017 Executive Order entitled “Expediting Environmental Reviews and Approvals For High Priority Infrastructure Projects.” In this letter to the Administration, Governor Ricketts made these points:"
More at link. Everyone here already knows these points. This is positive. Even after merger (That I anticipate will happen) there will be a need to continue promoting a valuable product from Nebraska!
DESERT MOUNTAIN ENERGY EXERCISES OPTIONS ON ADDITIONAL ACREAGE OF HELIUM PROSPECT IN ARIZONA
BY PR Newswire
— 6:30 AM ET 01/11/2023
TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
VANCOUVER, BC, Jan. 11, 2023 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. (DMEHF) (the "Company") (TSXV: DME), (U.S. OTC: DMEHF), From the President of the Company. The Company is pleased to announce that it has elected to exercise its option to lease an additional 8,023 acres in Arizona. The Company's geologic team identified the structural highs on the additional acreage based on geophysical data. Along with intact helium traps, structural highs are essential to drilling a successful helium well. "Desert Mountain Energy (DMEHF) will continue to acquire additional land based on desired geological modelling," said Robert Rohlfing, CEO. "We expect to have more land acquisitions to announce in 2023."
Initial production garnered from any wells on this acreage would be handled by the McCauley Helium Processing Facility. The Company has acquired surface property to support all future production facilities.
ABOUT DESERT MOUNTAIN ENERGY
Desert Mountain Energy Corp. (DMEHF) 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
"Robert Rohlfing"
Robert Rohlfing
Exec Chairman & CEO
Chico, Gymnast; Thanks for posting! Always glad to have another good reason to continue to be invested!
P.Pr. Seems to me at this point (post 2022 Annual Meeting ) there is not much anyone can do about management or the SPAC. I think that at this point the bull is in the chute and the choice is to ride it or dismount. Everything else is pretty much yelling and crowd noise.
Up or down? I think merge approval and R.S., SP will go up some this year, and gradually over the next several years. They will get their additional debt financing to complete the project. Then price increase. I do not think that the SPAC institutions will vote yes just to watch this company lose value. (See Chico's posts for the numbers.)
l expect a solid 8 second ride out of the chute and that they will not need to bring in the clowns.
(Then there are bonds, the safer investment in my portfolio! :)
Desert Mountain Energy Corp.
December 20 at 11:43 AM ·
All four modular housing units are on site and will house the components that process the raw gas into purified helium. DME has begun the installation of over 3,600 solar panels which are adjacent to the McCauley Processing Facility. Commissioning, start-up and optimization programs will begin in January 2023.
AlI; I want to wish everyone on this thread a good Christmas and a prosperous New Year!
Lets hope for a quick resolution of the merger and an early start on the processing facility and shaft!
Chico, no it can't! Conjecture, but I suspect at some point they will need to issue more shares if they want to get processing by 2025! We will see.
CM3. They do not have approval of the merger yet so cannot set a date for the vote. They will provide it once the approval is recieved.
I think this is a preliminary filing of the eventual vote solicitation that will be mailed to Shareholders. Seems like they are providing answers to questions in a fairly understandable form, and getting shareholders ready for the eventual vote for the merger.
Examples:
Q: If I sell my GX Class A Shares shortly before the completion of the Transactions, will I still be entitled to receive NioCorp Common Shares?
A: No. In order to receive the NioCorp Common Shares upon completion of the Transactions, you must hold your GX Class A Shares through the effective time of the Transactions.
Q: Do any of the directors or officers of NioCorp or GX have interests in the Transactions that may differ from or be in addition to my interests as a shareholder?
A: Except as disclosed in this joint proxy statement/prospectus, none of NioCorp’s directors or executive officers, nor any person who has held such a position since the beginning of NioCorp’s last completed financial year, nor any associate or affiliate of the foregoing persons, has any substantial or material interest, direct or indirect, by way of beneficial ownership of securities or otherwise, in the Transactions.
They list what they will be asked to vote on. (Page 15)
Q: What am I being asked to vote on and what vote is required to approve each proposal?
A: NioCorp Proposal No. 1?— To approve the issuance of NioCorp Common Shares to GX Stockholders in connection with the Transactions and the possible creation of Sponsor as a control person (the “Share Issuance Proposal”).
Q: What do NioCorp Shareholders need to do now?
A: NioCorp urges you to read this joint proxy statement/prospectus carefully, including the attached annexes, as well as the documents that have been incorporated by reference into this joint proxy statement/prospectus. We encourage you to submit a proxy to have your NioCorp Common Shares voted as soon as possible.
It provides a lot of information to GXII shareholders. People with a lot of questions might want to have a look.
https://ih.advfn.com/stock-market/USOTC/niocorp-developments-qx-NIOBF/stock-news/89844382/registration-statement-for-securities-to-be-issued
Chico; I tend to agree with NCT (and IIRC others) that if they can they would prefer to release this information closer to the Merger IF they can legitimately delay material news because testing is incomplete or they are holding this information because of a patent application. I can wait, but I hope that we get the reason for the delay at some point.
DMEHF RECEIVES DELIVERY OF MAJOR COMPONENTS OF McCAULEY HELIUM PROCESSING FACILITY DEC 15
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 three of the four components which house the McCauley Helium Processing Facility arrived on-site on December 13, 2022, and were set into place on December 14, 2022. The fourth component is in transit and will be set upon arrival.
“The McCauley Helium Processing Facility has been designed with a great deal of flexibility allowing for a wide range of pressures, flow rates and helium percentages,” said Robert Rohlfing, CEO of DME. “Powered primarily by solar power, this is the first plant of its kind in the world. The Company plans to duplicate this design to expand into other areas with large diversions of helium grades. Adding additional components will enable future facilities to handle more complex raw gas mixtures that may be encountered. The Rohlfing Helium Field gas would be an example of this.”
The solar farm continues to make progress. Most of the underground wiring has been buried and almost all panels should be in place before Christmas 2022. Final hookups and wiring are scheduled to be completed in early January 2023.
more pictures here:
https://www.desertmountainenergy.com/helium/
Chico; Thanks! Patents for the extraction process would be part of the reason for the explain the delay. I considered that they were been using limited supply of phase 1 processed target material to determine the best final extraction path.
***I do admit it is taking a darn long time to announce results now!!! Yep C'mon... team Niocorp! Perhaps they are applying for PATENTS before disclosure??? as Mark, Jim mentioned??)
I remember all the back and forth for the NE Air Permit. Since the GXII Merger into Niocorp has a Drop Dead date in March 23 I suspect that Regulatory approval for the merger is their primary focus.
(I always wondered why they did not patent the scandium Alloy that they developed in conjunction with Ames research lab, even if they were trying to develop the scandium market. Offer the alloy formula and process free to any manufacturer who purchases your scandium. )
VANCOUVER, BC, Dec. 13, 2022 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. (DMEHF) (the "Company") (TSXV: DME) (U.S. OTC: DMEHF) From the President of the Company. The Company is pleased to announce that it has successfully completed its wildcat well on the Gunnar Dome prospect. As previously announced, the Company made the decision to test multiple zones in the well to have a better understanding of the localized geology with regard to future drill locations. A total of seven zones were perforated, tested, then squeezed off and bridge plugs were set to ensure complete closure. Many of the zones had gaseous mixtures which the McCauley processing plant is not currently set up to extract. The two sections which were perforated for production are within the same geologic formation and are separated by an impermeable layer with similar pressure. Both zones were perforated in a manner to stay within an area of only connate formation water values. Water-free or near-water-free Helium production is a continuing Company goal.
The upper zone contained 96.5422% Nitrogen, 0.0063% CO2, and 2.8232% Helium with the balance being constituted by fractional percentages of Methane, Ethane, Propane and Hexanes++. The lower perforated zone contained 98.5523% Nitrogen, 0.0075% CO2, and 0.7183% Helium with the balance containing the same types of the aforementioned fractional molecules. Most of the seven zones tested contained a similar range of high Nitrogen and varied Helium percentages, providing additional support to the Company's ability to find Helium in a primary Nitrogen environment, staying away from areas with elevated levels of CO2. The Company plans on initial Gunnar Dome production being metered and then transported approximately 24 miles to the McCauley Helium Processing Facility. Throughput numbers will not be announced until production has been established.
"Gas composition is extremely important when coupled with water-free or near-water-free production and it can be just as important as the Helium grade in the raw gas," said Robert Rohlfing, CEO of Desert Mountain Energy Corp. (DMEHF) "We are pleased that this well's specific gas composition, when combined with the wells in the McCauley field, provides for a relatively quick path to production. This well contains high levels of Nitrogen combined with Helium, minimally fractional CO2 and other noble gases. This makes the first plant much easier to operate."
DMEHF Tuesday....Gunnar Dome intersected helium deposits in multiple zones.
02:14 PM EST, 12/13/2022 (MT Newswires) -- Desert Mountain Energy (DMEHF) on Tuesday said its Gunnar Dome well reached depth, intersecting helium deposits in multiple zones.
The company, which explores for helium and other industrial gases, said the upper zone tested at 96.5422% nitrogen, 0.0063% CO2, and 2.8232% helium, with a lower zone testing at 98.5523% nitrogen, 0.0075% CO2, and 0.7183% helium, with seven tested zones in total showing high nitrogen content with varying levels of helium.
"Gas composition is extremely important when coupled with water-free or near-water-free production and it can be just as important as the Helium grade in the raw gas. We are pleased that this well's specific gas composition, when combined with the wells in the McCauley field, provides for a relatively quick path to production. This well contains high levels of Nitrogen combined with Helium, minimally fractional CO2 and other noble gases. This makes the first plant much easier to operate," chief executive Robert Rohlfing said in a release.
Desert Mountain shares were last seen down C$0.02 to C$2.99 on the TSX Venture Exchange
Price: 2.99, Change: -0.02, Percent Change: -0.66
P.M. At this point management has made the Financing decision and I am certain the merger will happen and I am pretty certain it will have a positive result.
I hope the shareholders who have had their tongues stuck to pole for 5-10 years get a good return on their patient investing post merge. (I am profitable at 3-4 years in, at least, better than equivalent $ amnt of 4.5% bonds)
While waiting for the outcome: ways to swear/grumble/complain that won't get you kicked off of InvestorsHub. (Goshdarnit!) :) How to swear like an old prospector!
And for when this stock finally wakes up something like....
Chico; Thanks, easy to get lost in all the articles at those links! Additional need for the products NioCorp intends to produce!
Chico, thanks! I am also monitoring. They need to get that funding, get permitted, and start production.
I had sold some shares at about US $.09 and purchased DMEHF, but at US $.05 I became a buyer again. Unless I see a lot of progress in a company, I need to move out of speculative stocks to stocks and bonds that produce a product or income.
NTC; I think you are right: "I believe they are holding off on any big news until the merger is complete and we have the advantage of the institutional attention on NSDQ, which makes sense...'
Public communications. I think that they do not want to say much more than they have because they do not want to present any possible target to the Securities regulators that need to review and approve any proposed merger. I suspect they have a bunch of other things to address in the three jurisdictions where NioCorp stock is listed.
Ralphie and the stuck tongue.. there we go! An image of a forest of poles with a bunch of shareholders standing around with their tongues stuck to poles; "Iss taste ef money yet? Anywon?" :)
Yep. I feel like part of the crowd. Thaw coming? We'll find out soon.
th6565
https://sedar.com/GetFile.do?lang=EN&docClass=14&issuerNo=00005127&issuerType=03&projectNo=03442011&docId=5287011
"Shares subject to each NioCorp Warrant shall be equal to the number of shares of GXII common stock subject to the applicable GX Warrant multiplied by 11.1829212, with the applicable exercise price adjusted accordingly.
Following the effective time of the Second Merger, NioCorp will effectuate a reverse stock split of the issuedNioCorp Common Shares, and GXII will effectuate a proportionate reverse stock split of the Second Merger Class A Shares and the Second Merger Class B Shares at a to-be-determined ratio."
------------------------------------------------------------------------
TH6565:
I did not see anything that specifically addressed the Exercise price of the warrants after the reverse split, but I assume that that will adjusted by the amount of the reverse split as well. As it stands the current US $11.50 warrant exercise price adjusted by the post merge conversion factor will be US $1.028353844. Post split, the adjusted warrant exercise price would depend on ratio of the eventual reverse split and probably that or the previous day's closing price so I am not going to speculate as to what that will be.
If you find something different please post it!
Dec 6, 2022; Search Minerals Completes Initial 2,000m Fox Meadow Phase 1 Drill Program
Vancouver, B.C. December 6, 2022 – Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”) is pleased to announce that the planned 2,000 m of the FOX MEADOW Phase 1 drill program have been completed. FOX MEADOW, our third major REE mineralized zone, is located in the Port Hope Simpson – St. Lewis Critical Rare Earth Elements (CREE) District in SE Labrador. The drill program consisted of a total of 14 drill holes and 2000 m drilled. All drill holes have intersected visual REE mineralization similar to that observed on the surface. Our geology team will have all holes logged and sampled, with all samples sent for assay, in the next 10 days.
FOX MEADOW DRILL PROGRAM
The drilling commenced on November 11, 2022 and was completed on December 2, 2022.
Exploration:
One drill rig at FOX MEADOW drilled 45° holes from 100-208 m depth;
All drill holes were collared in or on the edge of mineralization;
All core is being lithologically, structurally, and geotechnically logged;
All logged intervals are being sampled for assay, tested for specific gravity and magnetic susceptibility.
Drilling Program Results:
We anticipate receiving all assay results by late spring 2023;
Visual REE mineralization has been observed in all drill holes
Drill Targets:
Extensive channel programs from 2013 to 2021 (see Search Minerals News Release May 5, 2022) have outlined numerous medium- to high-grade REE mineralized zones;
The current program targets high-grade REE zones identified at surface in order to trace them at depth;
The drill program is also designed to obtain preliminary information on the thickness of the Fox Meadow REE mineralization;
On surface the mineralization is presently open to the NW and SE along strike and to the SW, perpendicular to strike, in some sections.
Dr. Randy Miller, Vice-President, Exploration comments; “We are using the drill logging in combination with the surface channel mapping, outcrop mapping and magnetic data to develop a three-dimensional map of this extensive mineralized zone. We look forward to utilizing our information to develop an exploration program for FOX MEADOW for 2023.”
Greg Andrews, President/CEO states: “I would like to thank our team and our drilling operator, Springdale Forest Resources, for their dedication to complete the 2000m drill program before the end of the year. The drill program targeted high-grade zones in the core of the known surface extent of the mineralization. We wanted to trace the high-grade zone at depth and evaluate the overall thickness of the mineralized zone. The pending assays results should provide Search with the preliminary down hole data and the additional information to model our next steps in the development of this property.”
Andrews added:” Search Minerals will continue to seek strategic partners to advance our prospects in our extensive rare earth element land position. We believe a secure and sustainable rare earth element supply chain can be built in Newfoundland and Labrador, a very mining friendly and innovative technology-based jurisdiction.”
NE; In addition to the $18 (or higher) share price, whether they call the Warrants probably depends on how much they recieve from the SPAC subscription, how long they can operate on those reserves and whether additional financing presents itself. Lets hope that after the merger firms will start to call NioCorp with financing and they can put off the warrants as long as possible.
Desert Mountain Energy Completes Testing of McCauley Helium Processing Facility
BY MT Newswires
— 8:42 AM ET 12/07/2022
08:42 AM EST, 12/07/2022 (MT Newswires) -- Desert Mountain Energy Corp. (DMEHF) , which rose 2.5% here yesterday, on Wednesday said that it has completed testing of the McCauley Helium Processing Facility.
The company's stock edged up 0.7% in early Frankfurt trading on Wednesday.
The temporary interconnect lines are being removed and modular units are ready for transport. Desert Mountain Energy (DMEHF) currently expects to have all of the units on-site by Dec. 16.
All necessary equipment, such as cranes, has been scheduled to be on-site to lift the modular housing onto the prepared foundations. Commissioning of the facility is planned for January 2023.
Gasworld Article on new Helium Storage facility.
https://www.gasworld.com/story/us-helium-storage-cavern-plans-progress-total-helium-secures-water-rights/2118697.article/
By Molly Burgess on Nov 15, 2022
"Total Helium has advanced its plans to build a salt cavern helium storage facility to bring long-term storage and supply security to the industry."
Snip...
"Upon completion, Total Helium’s storage facility is expected to serve as a regional, national and international helium storage hub for industrial gas companies.
Historically, the world’s only existing viable long-term storage facility for helium has been the Federal Helium Reserve in Amarillo, Texas. The facility is managed by the US government, but uncertainty over its future is continuing."
Read the entire story at the link.
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Link to Desert Mountain Energy Corp Investor presentation;
https://www.desertmountainenergy.com/investors/#stock_quote
Shares issued & outstanding: 77,588,255
Options: 7,490,000
Warrants: 2,314,218
Fully diluted: 87,511,950
Desert Mountain Energy Corp.
2.28
D USD
+0.92 +67.22% Past year
Stark (Chico) I was thinking about the man made compound rather than the naturally occurring mineral.
"The perovskites that hold such promising photovoltaic (PV), or solar energy-generating, properties are a group of human-made versions discovered in 2009 by Japanese scientist Tsutomu Miyasaka and colleagues."
I think that there are other compounds that have a similar structure to perovskite.