DESERT MOUNTAIN ENERGY CORP: ADVANCING HELIUM EXTRACTION IN ARIZONA

Rhea-AI Summary

Desert Mountain Energy Corp. (DMEHF) is advancing helium extraction in Arizona through collaborations with key stakeholders, including Congress members, state agencies, and trade associations. The company is working to position helium as a vital resource for national defense, healthcare, and supply chains. DME is seeking to include helium in the USGS critical mineral list, which could provide benefits such as clean energy tax credits and streamlined permitting.

Senator Janae Shamp supports the initiative, emphasizing Arizona's openness to business and the importance of safe, sustainable helium extraction for supporting semiconductor manufacturing, healthcare, and defense industries. DME remains committed to a balanced approach benefiting Arizona's economy and environment.

Positive

• Collaborating with key stakeholders to advance helium extraction in Arizona
• Positioning helium as a vital resource for national defense, healthcare, and supply chains
• Seeking inclusion of helium in the USGS critical mineral list for potential benefits
• Support from Senator Janae Shamp for streamlining helium extraction process

Negative

• None.

TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01

PHOENIX, Aug. 26, 2024 /PRNewswire/ - 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.

FAQ

What is Desert Mountain Energy Corp's (DMEHF) main focus in Arizona?

Desert Mountain Energy Corp (DMEHF) is focusing on advancing responsible helium extraction in Arizona through collaborations with key stakeholders, including Congress members, state agencies, and trade associations.

What benefits could DMEHF gain if helium is added to the USGS critical mineral list?

If helium is added to the USGS critical mineral list, DMEHF could potentially benefit from clean energy tax credits, research grants, and a streamlined permitting process for helium extraction.

How is Senator Janae Shamp supporting DMEHF's helium extraction efforts in Arizona?

Senator Janae Shamp is supporting efforts to streamline the helium extraction process for operators in Arizona, emphasizing the state's openness to business and the importance of safe, sustainable extraction to support key industries.

What industries in Arizona could benefit from DMEHF's helium extraction efforts?

DMEHF's helium extraction efforts could benefit Arizona's semiconductor manufacturing, healthcare, and defense industries, which rely on helium as a critical resource.