Desert Mountain Energy Announces Issuance of Options

Rhea-AI Summary

Desert Mountain Energy Corp. has issued options to its Directors, Officers, and employees priced at $1.72 CDN, above the market close. The options have a three-year expiration period and are backed by sufficient unissued shares in treasury for exercise. The company focuses on discovering and developing rare earth gas fields in the U.S., targeting elements critical for green energy and high-tech industries. The release includes cautionary notes regarding forward-looking statements, emphasizing the risks associated with exploration and market conditions.

Positive

• None.

Negative

• Potential risks and uncertainties regarding forward-looking statements about the Company's future performance and exploration activities.
• Financial risks linked to helium prices which could affect the Company's operating performance.

VANCOUVER, BC, March 2, 2021 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP.  (the "Company") (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) From the President of the Company.

The Company is pleased to announce that it has issued options to Directors, Officers, and consultants or employees.  The Company issued options priced above market close today at a price of $1.72 CDN with an expiration period of three (3) years.  The Company has maintained a sufficient number of allotted and unissued shares in its treasury to permit the exercise of the Options until the expiry, exercise or termination thereof.

About Desert Mountain Energy

Desert Mountain Energy Corp. is a publicly traded exploration and resource company focused on the discovery and development of rare earth gas fields in the US.  The Company is primarily looking for elements deemed critical to the green energy and high technology industries.

We seek safe harbor

"Robert Rohlfing" 
Robert Rohlfing
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 forwardlooking 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 does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

View original content:http://www.prnewswire.com/news-releases/desert-mountain-energy-announces-issuance-of-options-301238852.html

SOURCE Desert Mountain Energy Corp.

FAQ

What options were issued by Desert Mountain Energy Corp. on March 2, 2021?

Desert Mountain Energy Corp. issued options to Directors, Officers, and employees priced at $1.72 CDN.

How long is the expiration period for the options issued by DMEHF?

The options issued by Desert Mountain Energy Corp. have a three-year expiration period.

What is the market focus of Desert Mountain Energy Corp.?

Desert Mountain Energy Corp. focuses on the discovery and development of rare earth gas fields in the U.S.

What risks are associated with the forward-looking statements in the DMEHF PR?

The forward-looking statements include risks related to exploration activities, financial risks from helium prices, and regulatory challenges.