TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
PHOENIX, Aug. 26,
2024 /CNW/ - DESERT MOUNTAIN ENERGY CORP. (the
"Company") (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01)
From the President of the Company. Desert Mountain
Energy Corp. ("DME" or the "Company") is pleased to announce its
ongoing collaboration with key stakeholders across Arizona, including members of Congress, relevant state agencies, trade
associations, and the private sector, to advance the responsible
extraction of helium.
"While there is still work to be done, we are encouraged by the
progress we've made and the meaningful conversations we are having.
The importance of helium to Arizona's key industries is becoming
increasingly recognized, and we are optimistic about the road
ahead," said Desert Mountain Energy CEO, Robert Rohlfing.
DME is also actively engaging at the federal level, positioning
helium as a vital resource for national defense, healthcare and a
critical component of our supply chain. By working with our
congressional delegation and various stakeholders who understand
the significance of helium not just for Arizona, but for the nation. DME is building
the necessary support to seek the inclusion of helium to the United
States Geological Survey (USGS) critical mineral list. Materials
included on this list are afforded several benefits such as
eligibility for additional clean energy tax credits, research
grants and a streamlined permitting process.
Senator Janae Shamp, a dedicated
supporter of the initiative, stated, "I am proud to support the
efforts to streamline the helium extraction process for our
operators. Arizona is open for
business, and we want operators to know that they are welcome here.
We are focused on ensuring this can be done in a safe and
sustainable way that will protect our aquifers while bolstering the
supply chain that supports Arizona's thriving semiconductor
manufacturing, cutting-edge healthcare, and defense industries. By
doing so, we further solidify Arizona's position as a national leader in the
advanced manufacturing sectors."
Desert Mountain Energy remains committed to working closely with
all stakeholders to achieve a balanced approach that benefits
Arizona's economy and
environment.
ABOUT DESERT MOUNTAIN ENERGY
Desert Mountain Energy Corp. is a publicly traded resource
company primarily focused on the exploration, development and
production of helium, hydrogen, natural gas and condensate. The
Company is focused on helium extraction from different raw gas
sources in an environmental and economic manner supplying
elements deemed critical to the renewable energy and high
technology industries.
We seek safe harbor
"Robert Rohlfing"
Robert
Rohlfing
Exec Chairman & CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in polices of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release. The statements made in this press release may contain
certain forward-looking statements that involve a number of risks
and uncertainties. Actual events or results may differ from
the Company's expectations.
Cautionary Note Regarding Forward-Looking
Statements
This news release contains
"forward-looking statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and
"forward-looking information" within the meaning of applicable
Canadian securities legislation. Such forward looking statements
and information herein include but are not limited to statements
regarding the Company's anticipated performance in the future the
planned exploration activities, receipt of positive results from
drilling, the completion of further drilling and exploration work,
and the timing and results of various activities.
Forward-looking statements or information involve known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company and its operations to be materially different from
those expressed or implied by such statements. Such factors
include, among others, changes in national and local governments,
legislation, taxation, controls, regulations and political or
economic developments in Canada
and the United States; financial
risks due to helium prices, operating or technical difficulties in
exploration and development activities; risks and hazards and the
speculative nature of resource exploration and related development;
risks in obtaining necessary licenses and permits, and challenges
to the Company's title to properties.
Forward-looking statements are based on assumptions
management believes to be reasonable, including but not limited to
the continued operation of the Company's exploration operations, no
material adverse change in the market price of commodities, and
such other assumptions and factors as set out herein. Although the
Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements or information, there may be other
factors that cause results to be materially different from those
anticipated, described, estimated, assessed or intended. There can
be no assurance that any forward-looking statements or information
will prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements or
information. Accordingly, readers should not place undue reliance
on forward-looking statements or information. The Company does not
intend to, and nor does not assume any obligation to update such
forward-looking statements or information, other than as required
by applicable law.
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SOURCE Desert Mountain Energy Corp.