DESERT MOUNTAIN ENERGY COMPLETES WORK ON McCAULEY HELIUM PROCESSING FACILITY

Rhea-AI Summary

Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) announced the completion of the McCauley Helium Processing Facility on March 14, 2023. The first sale of helium will be made to an Arizona industrial gas supplier, involving mixtures with purity levels between 99.995% and 99.99995%. CEO Robert Rohlfing expressed pride in achieving this long-term goal of initiating helium sales. The company has proven the facility's effectiveness, which is crucial for future designs and operations. This development positions Desert Mountain Energy as a vertically integrated helium producer, targeting critical elements for renewable energy and technology sectors.

Positive

• Completion of the McCauley Helium Processing Facility, signifying a key milestone.
• Initial sales to a credible Arizona-based industrial gas supplier.
• Helium purity levels ranging from 99.995% to 99.99995% demonstrate product quality.
• Successful performance in plant configurations enhances future operational potential.

Negative

• None.

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

VANCOUVER, BC, March 14, 2023 /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 GENERON has completed its work on the McCauley Helium Processing Facility. The initial sale will be going to an Arizona-based industrial gas supplier, which is supplying its own trailer. The Company expects to work through various combinations of gas mixtures, concentrations and final product purity levels over a 90-day period. The industrial gas purchaser understands that the first deliveries will be a mixture of different final grades of helium ranging from a low of 99.995% to a high of 99.99995%. 

"Our team understands that our shareholders have waited a long time for the completion of the McCauley Helium Processing Facility," said Robert Rohlfing, CEO of DME. "Initiating helium sales as a vertically integrated primary producer of helium has been our long-term goal and we are proud to have accomplished it."

The Company is pleased with the performance characteristics thus far. Initial runs for plant configurations are extremely important with respect to future final design and sizing. DME has proven its design works in assorted applications and gas fields.

ABOUT DESERT MOUNTAIN ENERGY

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.

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 is the significance of the McCauley Helium Processing Facility completion for DMEHF?

The completion signifies Desert Mountain Energy's advancement towards becoming a vertically integrated helium producer, enabling initial sales and establishing market presence.

Who will be DMEHF's first helium customer?

The first customer will be an Arizona-based industrial gas supplier, which will use its own trailer for helium deliveries.

What purity levels will be offered for helium by DMEHF?

Helium deliveries will range from purity levels of 99.995% to 99.99995%.

When did Desert Mountain Energy announce the completion of the McCauley Helium Processing Facility?

The announcement was made on March 14, 2023.

How does the McCauley Helium Processing Facility impact DMEHF's market position?

It strengthens DMEHF's market position by initiating helium sales, establishing them as a producer in the critical helium sector.