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DESERT MOUNTAIN ENERGY ANNOUNCES PROGRESS ON ARIZONA HELIUM EXPLORATION BILL
DESERT MOUNTAIN ENERGY ANNOUNCES PROGRESS ON ARIZONA HELIUM EXPLORATION BILL Canada New...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"\n\n\n\n DESERT MOUNTAIN ENERGY ANNOUNCES PROGRESS ON ARIZONA HELIUM EXPLORATION BILL\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n TSX.V: DME\n \n U.S. OTC: DMEHF\n \n\n Frankfurt\n \n : QM01\n \n\n\n\n\n\n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n March 17, 2025\n \n\n /CNW/ -\n \n DESERT MOUNTAIN ENERGY CORP. (the \"Company\")\n \n (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01)\n \n From the President of the Company.\n \n Desert Mountain Energy Corp. is pleased to announce significant progress on Senate Bill 1444, which aims to establish responsible helium exploration and production regulations in\n \n Arizona\n \n .\n \n\n On\n \n Thursday, March 13, 2025\n \n , the\n \n Arizona\n \n Senate voted to advance SB1444 to the House, where it received bipartisan support from stakeholders. The bill has now been transferred to the\n \n Arizona\n \n House of Representatives, where it will be assigned to the appropriate committee for further review and consideration.\n \n\n 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.\n \n\n\n Robert Rohlfing\n \n , 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\n \n Arizona\n \n upon final approval.\"\n \n\n\n Private Placement\n \n\n\n DME has closed on the second tranche of its non-brokered private placement offering originally announced on\n \n February 4, 2025\n \n . The Company has raised an additional\n \n C$514,000\n \n through the issuance of 970,000 Units at a price of C\n \n $0.25\n \n per Unit. The Company has now raised a total of\n \n C$756,500\n \n through the issuance of 3,026,000 Units. The Company is also ex...