U.S. OTC: DMEHF
VANCOUVER, BC, July 18,
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 they have entered into an
agreement with Beam Earth Ltd. to cooperate and define the
commercial possibilities of the Company's sulphur-free hydrogen
discoveries. Beam Earth Ltd. has expertise in cost-effective and
innovative methods to produce hydrogen-related products which meld
together with the Company's innovative helium processing
facilities. This agreement not only encompasses current Company
holdings in Arizona but will also
be expanded into other jurisdictions.
"We look forward to working with a like-minded company that, by
design, is also seeking to follow innovative design and ESG
policies," says Robert Rohlfing, CEO
of Desert Mountain Energy Corp. "Beam Earth Ltd. has extensive
expertise in the hydrogen sector and teaming up with them allows
DME to stay focused on the production of helium while at the same
time monetizing the potential of our sulphur-free hydrogen
The Company has proven its ability to find both helium, hydrogen
and other noble gases and anticipates that formal separate joint
operating agreements will be put into place to cover the specifics
for each jurisdiction as they arise. Those specifics will include,
geophysical, the scope of the individual project, timing, drilling,
testing, participation level based on results, near term and
ongoing operational attributes. The Company's helium processing
facility was designed to reduce power consumption by 55% and DME
looks forward to the application of the same innovative design
input into their hydrogen processing.
ABOUT DESERT MOUNTAIN
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
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
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.
SOURCE Desert Mountain Energy Corp.