TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
VANCOUVER,
BC, March 3, 2025 /CNW/ - DESERT
MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (U.S. OTC:
DMEHF) (Frankfurt: QM01) from the President of the Company.
Desert Mountain Energy Corp. has entered into an exclusive
licensing agreement with Hethos Ltd. for its proprietary helium
extraction plant design, targeting operations in South West England.
Hethos Ltd. is focused on a cost-effective
proprietary process to extract hydrogen and then process it
into a form suitable for safe bulk transportation. Desert Mountain
Energy's autonomously operating plant is designed to be highly
energy-efficient, allowing it to operate using alternative energy
sources like solar and wind power. This design significantly
reduces energy consumption compared to other processing plants. The
first plant built by DME was initially powered by solar energy in
Arizona. However, due to
regulatory delays, it was relocated to New Mexico's West Pecos Abo Gas Field.
Currently, it now operates using natural gas from the field. The
strategic reduced energy consumption design of the modular plant
demonstrates its flexibility and adaptability.
This agreement is between Desert Mountain Energy
Corp. (DME), a Canadian publicly traded company currently producing
processed natural gas and helium, and Hethos Ltd, a United Kingdom-registered company. Under the
terms of the agreement, DME will receive a 5% royalty on
helium gases extracted by the plant, and DME retains the
rights to participate in and be named as the operator for any or
all projects within the designated area of exclusivity. The
licensed area covers Cornwall,
Devon, Bristol, and
Gloucestershire, including any
offshore prospects that may be drilled from onshore locations. Both
companies are exploring opportunities for the exploration,
development, and production of hydrogen and helium.
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 economic 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.
