DESERT MOUNTAIN ENERGY ACQUIRES ADDITIONAL LAND ALONG WITH AN UPDATE ON THE McCAULEY HELIUM PROCESSING FACILITY
On November 29, 2022, Desert Mountain Energy Corp. (DMEHF) announced the acquisition of 40 acres for its South Winslow prospect, enhancing access to state properties for development. The company is set to receive the McCauley Helium Processing Facility between December 13-16, 2022, with site assembly to begin thereafter. CEO Robert Rohlfing attended the NYSE opening bell on the same day, signaling corporate visibility.
- Acquisition of 40 acres improves access to land-locked state properties.
- Anticipated arrival of the McCauley Helium Processing Facility could enhance operational capability.
- None.
TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
VANCOUVER, BC, Nov. 29, 2022 /PRNewswire/ - 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 acquired 40 acres of land for its South Winslow prospect. This land not only provides property to place initial processing equipment but more importantly, provides surface and Right of Way access to multiple, land-locked, state properties that the company wishes to develop.
In preparation for the McCauley Helium Processing Facility delivery to Arizona, GENERON, the Company's plant build contractor, is completing final testing and they will begin the breakdown of the modular building interconnects. Currently, it is anticipated to have all components on site between December 13-16, 2022. The Company will be using cranes to lift off and set all modular and accumulation tanks. Site assembly will begin upon arrival of the McCauley Helium Processing Facility.
In addition, Robert Rohlfing, CEO and Executive Chairman of DME was invited by the New York Stock Exchange (NYSE) and Freedom Capital Markets to attend the ringing of the opening bell on November 29, 2022. For more information or to watch the event live, visit www.nyse.com/bell.
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.
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.
View original content:https://www.prnewswire.com/news-releases/desert-mountain-energy-acquires-additional-land-along-with-an-update-on-the-mccauley-helium-processing-facility-301688937.html
SOURCE Desert Mountain Energy Corp.
FAQ
What is the significance of Desert Mountain Energy's land acquisition on November 29, 2022?
When is the McCauley Helium Processing Facility expected to arrive?
How does the acquisition impact Desert Mountain Energy's operations?
What event did CEO Robert Rohlfing attend on November 29, 2022?
