#Canada #Vancouver #Private Placement #Desert Mountain Energy #DME

Desert Mountain Energy Secures C$514,000 Funding

Desert Mountain Energy Corp. (DME), a resource company focused on helium and natural gas, has announced the successful closing of the first tranche of a non-brokered private placement. This initiative was initially disclosed on February 4, 2025, and has now generated a total of C$514,000. The company achieved this through the issuance of 2,056,000 units at a price of CAD $0.25 per unit.

Details of the Offering

Each unit issued consists of one common share and one share purchase warrant. The warrants provide the holder the right to buy an additional share of the company at CAD $0.35 per share, for a period ending on February 27, 2026. If the closing price of DME’s shares on the TSX Venture Exchange reaches or exceeds CAD $0.75 for a sustained period of at least ten consecutive trading days, the company has the option to accelerate the warrant's expiration date.

Furthermore, the closing of this offering includes finder’s fees that consist of 153,280 finder’s warrants and a cash amount of $38,230. The units will be subject to a hold period lasting four months plus one day, ending on June 28, 2025.

About Desert Mountain Energy Corp.

Desert Mountain Energy is focused on the exploration, development, and production of helium, hydrogen, and natural gas. The company implements environmentally sustainable practices while extracting helium from various gas sources to support industries that are crucial to renewable energy and high-tech applications.

In an official statement, Robert Rohlfing, Executive Chairman and CEO of DME, expressed the company’s satisfaction with the funding raised and its commitment to advancing exploration projects. The company aims to continue contributing positively to the energy sector while navigating the inherent risks associated with resource exploration and development.

A Look Ahead

As DME progresses with its initiatives, it is essential to consider the potential risks and uncertainties. Factors such as changes in governmental policies, financial fluctuations due to helium prices, and operational challenges could significantly impact the company’s performance.

DME’s strategic focus on expanding its operations and furthering exploration efforts will be key in overcoming potential setbacks and enhancing its market position. While the current raise is a positive development, stakeholders should remain cognizant of the company's forward-looking statements, anticipating both challenges and opportunities in the upcoming period.

This latest funding success positions Desert Mountain Energy to continue its role as a significant player in the renewable energy space, particularly as demand for helium and hydrogen grows in an increasingly eco-conscious market.