top of page

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.

Want to read more?

Subscribe to akapenergy.com to keep reading this exclusive post.

Subscribe Now

Recent Posts

See All

Koloma Raises US$246mm to Pursue Natural Hydrogen

Koloma, a startup pioneering the extraction of carbon-free hydrogen from natural underground deposits, secured $245.7mm in a recent financing round. Backed by leading investors, including Bill Gates,

Proton Green Corrects CEO's Background and Role

Proton Green issued an amendment to correct a mistake in the educational background of Mr. Steven Looper, a newly appointed officer and director, previously misreported as having a BBA from West Texas

bottom of page