04:10 PM EDT, 05/20/2025 (MT Newswires) -- Desert Mountain Energy ( DMEHF ) lost more than 7% on Tuesday, and with that lost most of Friday's gains, as it closed on the fourth and final tranche of its non-brokered private placement offering originally announced on February 4, 2025.

According to a statement, the company raised an additional C$10,000 through the issuance of 40,000 units at a price of C$0.25 per unit. The company has now raised a total of C$981,500 through the issuance of 3,926,000 units.

Tuesday's losses came as the enthusiasm of last week around U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin formally approving the State of Arizona's application for primacy to oversee permitting and regulatory responsibilities for all underground injection wells under the Safe Drinking Water Act (SDWA) appeared to be dying down.

Price: 0.19, Change: -0.02, Percent Change: -7.32