US OTC: DMEHF
VANCOUVER, BC, June 1, 2022 / PRNewswire / – DESERT MOUNTAIN ENERGY CORP. (“Company”) (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01) From the president of the company
The company is pleased to announce that it has added Marta Hodan Vasko as Vice President of Geology. Martha is an oil geologist with a focus on sedimentology and stratigraphy with years of experience in exploration, development, reservoir characteristics and wastewater injection. It has several degrees from Colorado Mining School, combined with her experience in both the private sector and government regulation. Martha also has experience planning, permitting and drilling wells for oil, gas, helium and wastewater, working in both the private sector and government regulation. Her most recent position was as a program administrator at the Arizona Oil and Gas Conservation Commission. She has worked on state regulations for oil, gas and helium development, gaining knowledge of historical and modern helium exploration and development, and gaining experience working with federal, state, local and indigenous jurisdictions.
“We are very pleased that Martha has joined our campaign,” he says Robert RolfingCEO of Desert Mountain Energy Corp. “She has excellent experience in the industry, and her general knowledge in both geology and regulatory aspects is excellent for our further growth.”
- Construction of the McCauley Helium Processing Plant is ongoing, and DME will add selected assembly photos to the website as it is completed. The company expects to conduct the next drilling in early July after the rig is released from the project it is currently working on. DMEs will notify permits when they are obtained.
- Desert Mountain Energy, a freight company, has enough work to provide equipment employment for an average of six days a week for the next 24+ months. This business segment will immediately add cash flow and these figures will be reflected in the financial data. Forecasts suggest that the company will receive a full return on investment by the end of June.
- The company’s expansion to prepay a 16,000-foot drilling rig is beginning to bear fruit. DME receives a predetermined amount daily for each day of use. A long-term contract has been signed for the installation, except when the company will use it.
- Management decided to sell helium at a spot price and not sign any long-term contracts. The recent shortage in the global helium market has led to strong demand and unprecedented helium prices. Desert Mountain Energy Corp. does not anticipate any short-term solutions for the helium market, and prices are expected to be historically high in the foreseeable future.
ON THE ENERGY OF MOUNTAIN DESERTS
Desert Mountain Energy Corp. is a public resource company focused primarily on the exploration, development and production of helium, hydrogen and noble gases. The company is primarily looking for items that are considered important for renewable energy and high technology.
We are looking for a safe harbor
Executive Chairman and CEO
Neither TSX Venture Exchange nor its regulatory service provider (as this term is defined in TSX Venture Exchange policies) assumes responsibility for the adequacy or accuracy of this issue. The statements made in this press release may contain certain forward-looking statements that include a number of risks and uncertainties. Actual events or results may differ from company expectations.
A warning regarding statements about the future
This news release contains “statements about the future” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of current Canadian securities law. Such forward-looking statements and information in this document include, but are not limited to, statements about the company’s projected future performance, planned exploration activities, positive drilling results, completion of further drilling and exploration, and timing and results of various activities.
Prospective statements or information include known and unknown risks, uncertainties and other factors that may cause the actual results, performance, performance or achievements of the company and its operations to differ materially from those identified or implied in such statements. Such factors include, but are not limited to, changes in national and local governments, legislation, taxation, controls, regulations, and political or economic developments in Canada and USA; financial risks due to helium prices, operational or technical difficulties in exploration and development; risks and threats, as well as the speculative nature of resource exploration and related development; risks in obtaining the necessary licenses and permits, as well as challenging property ownership.
The forward-looking statements are based on assumptions that management believes are reasonable, including, but not limited to, the continued work of the intelligence company, the absence of significant adverse changes in commodity market prices and other assumptions and factors set out in this document. Although the Company has attempted to identify important factors that may lead to material differences between actual results and those contained in forward-looking statements or information, there may be other factors that cause results to differ materially from those expected, described, evaluated, evaluated or intended. There can be no assurance that any forward-looking statements or information will be accurate, as actual results and future events may differ materially from those expected in such statements or information. Accordingly, readers should not rely excessively on forward-looking statements or information. The Company does not intend and undertakes no obligation to update such forward-looking statements or information, except as required by applicable law.
SOURCE Desert Mountain Energy Corp.