TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
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.
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.
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SOURCE Desert Mountain Energy Corp.