Desert Mountain Energy Secures C$514,000 in Private Placement

An update from Desert Mountain Energy Corp ( (TSE:DME) ) is now available.

Desert Mountain Energy Corp. has successfully closed the first tranche of its non-brokered private placement, raising C$514,000 through the issuance of 2,056,000 units. Each unit includes a common share and a warrant, allowing further share purchases at a specified price. This financial move is expected to support the company’s ongoing operations and strategic goals in the helium and natural gas sectors, potentially enhancing its market position and offering value to stakeholders.

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 emphasizes environmentally and economically efficient helium extraction from various raw gas sources, catering to the renewable energy and high technology industries.

YTD Price Performance: -26.67%

Average Trading Volume: 68,126

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$19.86M

For an in-depth examination of DME stock, go to TipRanks’ Stock Analysis page.