Desert Mountain C$5mm Equity Raise Given Higher Costs

Desert Mountain Energy has announced a private placement to raise up to C$5mm, issuing 1.667mm Units at C$3.00/Unit. DME has also made a provision to increase this by 5% to 1.75mm Units. Proceeds from the private placement will be utilized for exploration and development of the company's helium projects, as well as working capital and general corporate purposes. The company is citing higher costs given market inflation.

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