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VANCOUVER, BC, Oct. 24, 2024 /CNW/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) From the President of the Company. As interest in the helium industry in Arizona continues to grow, DME, along with a coalition of interested parties, is coming together to push for legislative change that will support the economic extraction of helium and hydrogen gases while also protecting vital aquifers.
Desert Mountain Energy Corp. Logo (CNW Group/Desert Mountain Energy Corp.)
The coalition is working closely with the Arizona State Government to implement regulations that will strike a balance between industry needs and environmental protection. By clearly defining regulations that safeguard aquifers while allowing for the economic extraction of these valuable gases, the coalition aims to promote sustainable growth in the industry.
"We greatly appreciate Desert Mountain Energy Corp. for bringing this critical issue to light and collaborating with the Chamber and the State to bolster vital components of the semiconductor supply chain," comments Dan Seiden, President and CEO of the Arizona Chamber of Commerce and Industry. "A safe and reliable supply of helium is essential to supporting Arizona's rapidly growing semiconductor industry and our state's continued leadership in the sector."
To read the letter supporting the advancement, stability, and economic prosperity of the helium industry in Arizona, visit www.desertmountain.com.
In addition to the environmental benefits, the coalition is also highlighting the potential tax revenue that could be generated from the high-tech industry and the development of naturally occurring resources in Arizona. By promoting the economic benefits of the helium and hydrogen industry, the coalition hopes to garner support for their efforts to implement responsible regulations.
"We believe that it is possible to harness the economic potential of the helium industry in Arizona while also safeguarding our natural resources," said Robert Rohlfing, CEO and Executive Chairman of DME. "By working collaboratively with all stakeholders, including industry leaders and government officials, we can ensure that practices are effective and fair."
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 and natural gas. The Company is focused on helium extraction from different raw gas sources in an environmental and economical 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.
