Texas Drilling Permit Clears Path for Deep Isolation's Full-Scale Pilot
DBHL sits 23% above its 52-week low of $2.85.
Summary
Deep Isolation secured a Texas Railroad Commission drilling permit for its full-scale, non-radioactive commercialization pilot near Cameron, TX. This moves the project from engineering into construction and field work, a concrete step toward proving its deep borehole disposal technology. The permit reduces execution risk and enables on-the-ground operations, with Halliburton as a partner adding credibility. The company has been burning cash—$8.45M net loss in H1 2026—so this milestone is critical to validating the technology and attracting future customers. Watch for drilling results and any regulatory progress on radioactive use.
At the time of this announcement, DBHL was trading at $3.50 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $201.8M. The 52-week trading range was $2.85 to $9.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.