Desert Mountain Energy Advances Arizona Helium Bill and Secures Additional Funding

The latest update is out from Desert Mountain Energy Corp ( (TSE:DME) ).

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.

More about Desert Mountain Energy Corp

Desert Mountain Energy Corp. is a publicly traded resource company focused on the exploration, development, and production of helium, hydrogen, and natural gas. The company aims to extract helium from various raw gas sources in an environmentally and economically sustainable manner, supplying critical elements to the renewable energy and high technology industries.

YTD Price Performance: -23.33%

Average Trading Volume: 66,187

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$20.76M

For detailed information about DME stock, go to TipRanks’ Stock Analysis page.