TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
VANCOUVER, BC, June 1, 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 it has added
Marta Hodan Wasko as VP of Geology.
Marta is a petroleum geologist with a focus on sedimentology and
stratigraphy with multiple years of experience in exploration,
development, reservoir characterization, and wastewater injection.
She has multiple degrees from the Colorado
School of Mines, coupled with her experiences, in both the
private sector and state regulation. Marta also has experience in
well planning, permitting and drilling for oil, gas, helium and
wastewater while working in both the private sector and state
regulation. Her most recent position was as the Program
Administrator for the Arizona Oil and Gas Conservation Commission.
She worked on state regulations for oil, gas, and helium
development while gaining knowledge of the historic and current
helium exploration and development, in addition to gaining
experience working with federal, state, local and Indigenous
jurisdictions.
"We are extremely pleased we were able to have Marta join our
company," says Robert Rohlfing, CEO
of Desert Mountain Energy Corp. "She has an outstanding track
record within the industry and her overall knowledge of both
geology and regulatory compliance aspects are a great fit for our
continued growth."
GENERAL UPDATE
- Construction on the McCauley Helium Processing Facility
continues and DME will be adding selected pictures of the assembly
to the website as it approaches completion. The Company expects to
drill the next wildcat in the early part of July after the rig is
released from the project it is currently on. DME will announce the
permits when they have been received.
- Desert Mountain Energy's trucking company has sufficient work
committed to keeping the equipment busy on average six days per
week for the next 24+ months. This business segment will be adding
cash flow immediately and those numbers will be reflected in the
financials. Forecasts suggest the Company will get a full return on
investment by the end of June.
- The Company's extension into the pre-payment of a drill rig
with 16,000' capabilities is starting to bear fruit. DME receives a
predetermined amount on a daily basis for every day it is utilized.
The rig has been contracted on an extended basis for all times
other than when the Company will be utilizing it.
- Management has decided to sell helium at spot price and not
sign any long-term contracts. The recent deficit in the global
helium market has resulted in strong demand and unprecedented
helium prices. Desert Mountain Energy Corp. does not project any
short-term solutions for the helium market and prices are expected
to be at historically high levels for the foreseeable future.
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.
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content:https://www.prnewswire.com/news-releases/desert-mountain-energy-appoints-marta-hodan-wasko-as-vice-president-of-geology-301558546.html
SOURCE Desert Mountain Energy Corp.