Desert Mountain Energy

Desert Mountain Energy names Timothy S. Orr chief operating officer and positions itself with Project Helios as a utility for digital infrastructure and AI. The company plans to use natural gas to generate power for data centers, expand helium isotope supply for cooling solutions, and develop a 14.5-mile pipeline and salt caverns. Desert Mountain has a market valuation of around $31 million, reports talks with defense organizations, and is rated by InvestingPro as potentially undervalued with a "FAIRE" financial rating. » Więcej na de.investing.com

Desert Mountain Energy plans a non‑brokered private placement to raise up to CAD 275,000 by issuing up to 1.1 million units at CAD 0.25 each. Each unit consists of a common share and a warrant that allows the purchase of an additional share within one year at CAD 0.35. Finder’s fees of up to 8% in cash and 8% in the form of finder’s warrants (exercise price CAD 0.25) may be payable; issued units will be subject to a four‑month hold period. The placement requires approval from the TSX Venture Exchange, and the company made no disclosure on use of proceeds; the stock is currently trading at USD 0.14 (52‑week range USD 0.10–0.37). » Więcej na de.investing.com