Friday's announced financings: March 3

Here’s your roundup of Friday's announced financings, courtesy of PrivatePlacements.com: the only database that tracks every financing, every day.

1. Desert Mountain Energy Corp. (TSX-V: DME)

• Gross Proceeds: $20 million
• Sector: Helium
• Units issued: 10.3 million
• Type: Special units
• Price: $1.95
• Warrants: Full; $2.70; Two years
• Agents: Beacon Securities Ltd.
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Explores and develops helium, hydrogen, and noble gas properties in Arizona
• Flagship is the Holbook project
• Also Developing the McCauley Helium processing facility and drilling other helium fields

2. Blackrock Silver Corp. (TSX-V: BRC)

• Gross Proceeds: $7.91 million
• Sector: Precious metals
• Units issued: 21.4 million
• Type: Special units
• Price: $0.37
• Warrants: Half; $0.50; Three years
• Agents: PI Financial; Red Cloud Securities
• Use of Proceeds: Financing option and lease payments

Company breakdown:

• Silver pure play exploring the Tonopah West project in Nevada
• Mineral resource estimate showed 2.98M tonnes grading 446 g/t AgEq for a total of 42.65m ounces
• Has completed 150,000 metres of drilling since 2020

3. ReGen III Corp. (TSX-V: GIII)

• Gross Proceeds: $2.5 million
• Sector: Oil recycling
• Units issued: 3.33 million
• Type: Special units
• Price: $0.75
• Warrants: Half; $1.25; Two years
• Agents: Non-brokered
• Use of Proceeds: Project advancement

Company breakdown:

• Working to commercialize technology to sustainably recycle used motor oil into group III base oils
• Its process avoids the burning of used motor oil, resulting in an 82 percent reduction of CO2 emissions
• Has a FEL2 complete for a 5,600 bpd motor oil recycling facility in Texas 

4. Usha Resources Ltd. (TSX-V: USHA)

• Gross Proceeds: $2 million
• Sector: Metals
• Units issued: 6.15 million
• Type: Special units
• Price: $0.325
• Warrants: Full; $0.50; Three year
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Multi-metal junior exploring early-stage projects with low startup costs
• Flagship is the Jackpot Lake lithium project northeast of Las Vegas
• Drilling is ongoing on the project, with 2,700 metres planned over six holes

5. E-Power Resources Inc. (CSE: EPR)

• Gross Proceeds: $2 million
• Sector: Graphite
• Units issued: 1.2 million; 3.26 million
• Type: Special units; Flow-through units
• Price: $0.40; $0.46
• Warrants: Full; $0.60; Two years
• Agents: Non-brokered
• Use of Proceeds: Working capital; Flow-through expenses

Company breakdown:

• Focused on graphite projects in Quebec
• Just began trading on the CSE in January