DESERT MOUNTAIN ENERGY: ARIZONA SENATE COMMITTEE PASSES RESPONSIBLE HELIUM EXPLORATION AND PRODUCTION BILL
Rhea-AI Summary
Desert Mountain Energy (DMEHF) announced significant progress on Senate Bill 1444, which aims to regulate helium exploration in Arizona. The bill passed the Senate Committee on Natural Resources with a 5-2 vote on February 11, 2025, and has advanced to the Rules Committee. The legislation requires helium operations to be designed and operated without discharging contaminants into aquifers.
The bill has received strong support from key organizations including the Arizona Chamber of Commerce, Arizona Technology Council, and Americans for Prosperity. It aims to provide a new revenue source for education in economically challenged Arizona counties while establishing clear regulations for helium extraction.
The company, primarily focused on helium, hydrogen, and natural gas exploration and production, remains committed to working with legislators and regulators to ensure safe development of Arizona's helium resources.
Positive
- Senate Bill 1444 advancing with strong industry support (5-2 vote)
- Potential new revenue stream from helium operations for Arizona education
- Progress toward clearer regulatory framework for helium operations
Negative
- None.
TSXV: DME
The proposed legislation has garnered strong support from key industry organizations, including the
"We are pleased with the progress of Senate Bill 1444 and the support it has received from key industry organizations," comments Robert Rohlfing, CEO and Executive Chairman of DME. "This legislation represents an important step towards establishing clear and concise regulations for helium extraction in
Additionally, this bill helps to provide a viable new source of revenue for the state to support education in some of the most economically challenged counties in
DME expresses its gratitude for the backing received from industry partners and advocacy groups who have actively participated in this legislative process. The Company remains committed to engaging in meaningful dialogue with both House and Senate members, addressing their insightful questions, and continuing discussions with
This collaborative effort aims to balance economic opportunities with environmental stewardship, ensuring
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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
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.
FAQ
What is the significance of Senate Bill 1444 for DMEHF's helium operations in Arizona?
How did the Arizona Senate Committee vote on Bill 1444 in February 2025?
Which organizations have endorsed DMEHF's helium bill in Arizona?
What environmental protection measures does Senate Bill 1444 require for DMEHF?
How will Senate Bill 1444 benefit Arizona's education system?
