DESERT MOUNTAIN ENERGY ANNOUNCES PROGRESS ON ARIZONA HELIUM EXPLORATION BILL
Desert Mountain Energy Corp. (DMEHF) reports significant progress on Senate Bill 1444 for helium exploration regulations in Arizona. The bill has advanced from the Senate to the House with bipartisan support as of March 13, 2025, and awaits committee assignment for further review.
Additionally, the company has completed its second tranche of a non-brokered private placement, raising C$514,000 through the issuance of 970,000 Units at C$0.25 per Unit. The total raised now stands at C$756,500 from 3,026,000 Units. Each Unit includes one common share and one warrant exercisable at CAD $0.35 until March 17, 2026. The private placement closing has been extended to April 16, 2025.
Desert Mountain Energy Corp. (DMEHF) riporta progressi significativi sul Senate Bill 1444 riguardante le regolamentazioni per l'esplorazione dell'elio in Arizona. Il disegno di legge è passato dal Senato alla Camera con il supporto bipartisan a partire dal 13 marzo 2025 e attende l'assegnazione a una commissione per ulteriori revisioni.
Inoltre, l'azienda ha completato la sua seconda tranche di un collocamento privato non intermediato, raccogliendo C$514,000 attraverso l'emissione di 970,000 Unit a C$0.25 per Unit. L'importo totale raccolto ora ammonta a C$756,500 da 3,026,000 Unit. Ogni Unit include un'azione comune e un warrant esercitabile a CAD $0.35 fino al 17 marzo 2026. La chiusura del collocamento privato è stata prorogata al 16 aprile 2025.
Desert Mountain Energy Corp. (DMEHF) informa sobre avances significativos en el Senate Bill 1444 para las regulaciones de exploración de helio en Arizona. El proyecto de ley ha avanzado del Senado a la Cámara con apoyo bipartidista a partir del 13 de marzo de 2025 y está a la espera de la asignación a un comité para su revisión adicional.
Además, la compañía ha completado su segunda tranche de una colocación privada no intermediada, recaudando C$514,000 a través de la emisión de 970,000 Unidades a C$0.25 por Unidad. El total recaudado ahora asciende a C$756,500 de 3,026,000 Unidades. Cada Unidad incluye una acción común y un warrant ejercitable a CAD $0.35 hasta el 17 de marzo de 2026. El cierre de la colocación privada se ha extendido hasta el 16 de abril de 2025.
Desert Mountain Energy Corp. (DMEHF)는 애리조나에서 헬륨 탐사를 위한 상원 법안 1444에 대한 중요한 진전을 보고했습니다. 이 법안은 2025년 3월 13일 현재 상원에서 하원으로 넘어갔으며, 초당적 지지를 받으며 추가 검토를 위한 위원회 배정을 기다리고 있습니다.
또한, 회사는 비중개 방식의 사모펀드 두 번째 트랜치를 완료하여 C$514,000을 모집하였으며, 이는 C$0.25에 970,000 유닛을 발행한 결과입니다. 현재 총 모집 금액은 3,026,000 유닛에서 C$756,500에 달합니다. 각 유닛에는 하나의 보통주와 2026년 3월 17일까지 CAD $0.35에 행사 가능한 워런트가 포함되어 있습니다. 사모펀드 마감일은 2025년 4월 16일로 연장되었습니다.
Desert Mountain Energy Corp. (DMEHF) fait état de progrès significatifs concernant le projet de loi 1444 du Sénat relatif aux réglementations sur l'exploration de l'hélium en Arizona. Le projet de loi a avancé du Sénat à la Chambre avec un soutien bipartisan depuis le 13 mars 2025 et attend l'attribution à un comité pour un examen plus approfondi.
De plus, l'entreprise a complété sa deuxième tranche d'un placement privé non intermédiaire, levant C$514,000 grâce à l'émission de 970,000 unités à C$0.25 par unité. Le montant total levé s'élève désormais à C$756,500 provenant de 3,026,000 unités. Chaque unité comprend une action ordinaire et un bon de souscription exerçable à CAD $0.35 jusqu'au 17 mars 2026. La clôture du placement privé a été prolongée jusqu'au 16 avril 2025.
Desert Mountain Energy Corp. (DMEHF) berichtet über bedeutende Fortschritte beim Senatsgesetz 1444 für Heliumexplorationsvorschriften in Arizona. Das Gesetz hat sich seit dem 13. März 2025 vom Senat ins Repräsentantenhaus mit parteiübergreifender Unterstützung bewegt und wartet auf die Zuweisung an einen Ausschuss zur weiteren Prüfung.
Darüber hinaus hat das Unternehmen seine zweite Tranche einer nicht vermittelten Privatplatzierung abgeschlossen und C$514,000 durch die Ausgabe von 970,000 Einheiten zu je C$0.25 pro Einheit gesammelt. Der insgesamt gesammelte Betrag beläuft sich nun auf C$756,500 aus 3,026,000 Einheiten. Jede Einheit umfasst eine Stammaktie und einen Warrant, der bis zum 17. März 2026 zu CAD $0.35 ausgeübt werden kann. Der Abschluss der Privatplatzierung wurde bis zum 16. April 2025 verlängert.
- Progress on helium regulation bill SB1444 with bipartisan support
- Successful second tranche financing raising C$514,000
- Total private placement raised C$756,500 to date
- Dilution of existing shareholders through new unit issuance
- Extended private placement suggests possible challenges in raising targeted amount
TSX.V: DME
On Thursday, March 13, 2025, the
Once assigned to a committee, the bill will undergo a review before proceeding to a full House vote. If any amendments are proposed and accepted during this process, the bill will return to the Senate for another vote before being sent to the Governor's office for final approval.
Robert Rohlfing, CEO of Desert Mountain Energy Corp., expressed his appreciation for the legislative process, stating, "We appreciate the thoughtful questions, careful consideration, and meaningful suggestions from the legislators. We look forward to returning to
Private Placement
DME has closed on the second tranche of its non-brokered private placement offering originally announced on February 4, 2025. The Company has raised an additional
Each Unit consists of one common share of the Company and one share purchase warrant (the "Warrants"), with each whole Warrant allowing the subscriber to purchase one additional share of the Company for a period of one year ending March 17, 2026, at a price of CAD
The Units will be subject to a 4-month plus one-day hold period expiring July 18, 2025.
ABOUT DESERT MOUNTAIN ENERGY
Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on the exploration, development and production of helium, hydrogen and natural gas. The Company is focused on helium extraction from different raw gas sources in an environmental and economic manner, supplying elements deemed critical to the renewable energy and high technology industries.
We seek safe harbor
"Robert Rohlfing"
Robert Rohlfing
Exec Chairman & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward looking statements and information herein include but are not limited to statements regarding the Company's anticipated performance in the future the planned exploration activities, receipt of positive results from drilling, the completion of further drilling and exploration work, and the timing and results of various activities.
Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the continued operation of the Company's exploration operations, no material adverse change in the market price of commodities, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to, and nor does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.
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SOURCE Desert Mountain Energy Corp.
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