Canada markets closed
  • S&P/TSX

    20,725.00
    +96.08 (+0.47%)
     
  • S&P 500

    4,164.00
    +52.92 (+1.29%)
     
  • DOW

    34,156.69
    +265.67 (+0.78%)
     
  • CAD/USD

    0.7462
    +0.0025 (+0.34%)
     
  • CRUDE OIL

    77.32
    +3.21 (+4.33%)
     
  • BTC-CAD

    31,142.10
    +170.48 (+0.55%)
     
  • CMC Crypto 200

    535.25
    +9.29 (+1.77%)
     
  • GOLD FUTURES

    1,883.90
    +4.40 (+0.23%)
     
  • RUSSELL 2000

    1,972.61
    +14.89 (+0.76%)
     
  • 10-Yr Bond

    3.6740
    +0.0400 (+1.10%)
     
  • NASDAQ

    12,113.79
    +226.34 (+1.90%)
     
  • VOLATILITY

    18.66
    -0.77 (-3.96%)
     
  • FTSE

    7,864.71
    +28.00 (+0.36%)
     
  • NIKKEI 225

    27,685.47
    -8.18 (-0.03%)
     
  • CAD/EUR

    0.6954
    +0.0023 (+0.33%)
     

DESERT MOUNTAIN ENERGY COMPLETES TESTING OF THE McCAULEY HELIUM PROCESSING FACILITY

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

VANCOUVER, BC, Dec. 7, 2022 /CNW/ -  DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01) From the President of the Company. The company is pleased to announce that testing of the McCauley Helium Processing Facility has been completed. The temporary interconnect lines are being removed and modular units are ready for transport. DME currently expects to have all of the units on-site by December 16, 2022. All necessary equipment, such as cranes, has been scheduled to be on-site to lift the modular housing onto the prepared foundations. Commissioning of the facility is planned for January 2023.

Testing is complete on the McCauley Processing Facility (CNW Group/Desert Mountain Energy Corp.)
Testing is complete on the McCauley Processing Facility (CNW Group/Desert Mountain Energy Corp.)

"We are very proud of what our team has accomplished over the last 2 years," says Robert Rohlfing, CEO of Desert Mountain Energy Corp. "Like most companies, we faced delays but made strategic management decisions, like purchasing our own trucking fleet, in order to reduce the impact. We look forward to producing helium and providing domestic end-users throughout the helium shortage."

The team will continue to work on the site fabrication and welding of the high-pressure inter-module lines.

ABOUT DESERT MOUNTAIN ENERGY

Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on exploration, development and production of helium, hydrogen and noble gases. The Company is primarily looking for 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.

Cision
Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/desert-mountain-energy-completes-testing-of-the-mccauley-helium-processing-facility-301696625.html

SOURCE Desert Mountain Energy Corp.

Cision
Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2022/07/c3342.html