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Desert Mountain Energy Corp V.DME

Alternate Symbol(s):  V.DME.WT | DMEHF

Desert Mountain Energy Corp. is a Canada-based resource company. The Company primarily focused on exploration, development and production of helium, hydrogen and noble gases. The Company holds properties under lease for helium, oil and natural gas in the Holbrook Basin of Northern Arizona. The Holbrook Basin Helium Project comprises +1000,000 acres of key Helium prospects under lease. Located in the prolific Holbrook Basin in Northeast Arizona. Its secondary focus is developing hydrogen assets in the McCauley Helium Field. Noble gases or inert gases are six gaseous elements found in small amounts in the Earth’s atmosphere. They include helium (He), neon (Ne), argon (Ar), krypton (Kr), xenon (Xe), and radon (Rn).


TSXV:DME - Post by User

Post by Biloxibuzzon Apr 22, 2021 8:48am
234 Views
Post# 33043395

Warrants Could Bring in $16,400,000 by May 24th

Warrants Could Bring in $16,400,000 by May 24thI thought the most interesting information in the Press Release was that in addition to the potential of raising $16,4 million from the warrants, DME still has $12.8 million in the bank. That means that DME should have around $29,000,000 avaiable to advance this project to completion or to sale. Speculation on my part, but I am thinking that RR had been reluctant to spend to much of their cash until they knew if the warrants would be forced to exercise. It looks like now DME will have funds to move ahead with the full development of the project. The NAV is heading North.  Easy $10 stock by Fall. GTLA
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