Desert Mountain Energy Launches $2 Million Private Placement to Fund Helium Projects

Desert Mountain Energy Corp ( (TSE:DME) ) has issued an announcement.

Desert Mountain Energy Corp. has announced a non-brokered private placement offering aimed at raising up to CAD $2 million. The funds will support the development of the company’s natural gas and helium projects in New Mexico and Arizona, as well as general corporate purposes. The private placement involves selling up to 8 million units, each consisting of a common share and a share purchase warrant, with the proceeds enhancing the company’s project development and operational capabilities.

More about Desert Mountain Energy Corp

Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on the exploration, development, and production of helium, hydrogen, natural gas, and condensate. The company emphasizes environmentally and economically efficient helium extraction from various raw gas sources, catering to the renewable energy and high technology industries.

YTD Price Performance: -23.33%

Average Trading Volume: 46,353

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: C$20.76M

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