Desert Mountain Energy Announces Setting of Options for New Officers

Rhea-AI Summary

Desert Mountain Energy Corp. announced the granting of incentive stock options for 275,000 shares of its Common Stock on September 22, 2021. These options are available to directors, officers, and consultants, exercisable for three years at a price of CAD $2.83 per share, pending necessary regulatory approvals. The Company focuses on exploring and developing rare noble gas fields in the U.S., targeting elements crucial for renewable energy and high-tech industries.

Positive

• Granting of 275,000 stock options could attract and retain key personnel.
• Exercise price of CAD $2.83 per share may encourage investment interest.
• Focus on critical elements for renewable energy aligns with industry trends.

Negative

• Dependence on regulatory approvals could delay stock option exercise.
• Exploration and development are inherently risky and speculative.

TSX.V:DME
U.S.OTC:DMEHF
Frankfurt:QM01

VANCOUVER, BC, Sept. 24, 2021 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP.  (the "Company") (TSX.V: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) From the President of the Company.

Desert Mountain Energy Corp. announces that it granted on September 22^nd, 2021, subject to any necessary regulatory approvals, incentive stock options to purchase in aggregate 275,000 shares of its Common Stock.  The options have been granted to directors, officers and consultants of the Company.  Said options were granted under the Company's Stock Option Plan and are exercisable for a period of 3 years at a price of CAD $2.83 per Share.  They are subject to the Company's customary vesting policy.

ABOUT DESERT MOUNTAIN ENERGY

Desert Mountain Energy Corp. is a publicly traded exploration and resource company focused on the discovery and development of rare noble gas fields in the U.S.  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
Executive 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.

FAQ

What stock options did Desert Mountain Energy grant recently?

On September 22, 2021, Desert Mountain Energy granted 275,000 incentive stock options to directors, officers, and consultants.

What is the exercise price for the stock options granted by DMEHF?

The stock options have an exercise price of CAD $2.83 per share.

What is Desert Mountain Energy's focus as a company?

Desert Mountain Energy is focused on the exploration and development of rare noble gas fields in the U.S.

How long are the stock options valid for DMEHF?

The granted stock options are exercisable for a period of three years.

What are the potential risks associated with Desert Mountain Energy's operations?

The company faces risks including regulatory approvals, fluctuating helium prices, and the speculative nature of resource exploration.