STOCK TITAN

DESERT MOUNTAIN ENERGY HAS BEEN AWARDED BEST HELIUM EXPLORATION AND DEVELOPMENT COMPANY - NORTH AMERICA

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Desert Mountain Energy Corp. (TSX.V: DME, OTC: DMEHF) has been honored with the title of Best Helium Exploration and Development Company – North America by the Canadian Business Awards 2022. This recognition highlights the company's commitment to innovation in the helium industry amidst a critical gas shortage. Additionally, the company has commenced drilling Well #7 in the McCauley Helium Field, with forthcoming updates on total depth. The firm remains focused on the exploration and development of helium and other critical gases essential for high-tech industries.

Positive
  • Awarded 'Best Helium Exploration and Development Company – North America' by Canadian Business Awards 2022.
  • Commenced drilling Well #7 in the McCauley Helium Field, indicating ongoing operational activities.
Negative
  • None.

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

VANCOUVER, BC, March 8, 2022 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP.  (the "Company") (TSX.V: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) From the President of the Company.

The Company is pleased to announce that they have been chosen as the recipient of "Best Helium Exploration and Development Company – North America" by the Canadian Business Awards 2022. For the past six years, the Canadian Business Awards honours pioneering industries and businesses that have contributed to the Canadian economy while celebrating those who have pushed the envelope in innovation and have evolved with new technology.

"Desert Mountain Energy Corp. is honoured to be recognized for our hard work and innovation in the helium industry. Our team of extremely talented and hard-working experts has helped move this company forward to become a leader," says Robert Rohlfing, CEO of Desert Mountain Energy Corp. "With our continued efforts, DME will continue to work hard so we can provide helium, a critical gas in the medical and high-tech industries, to those who need it during a perilous shortage." 

Desert Mountain Energy Corp. is also pleased to announce that they have spudded Well #7 (3-1) in the McCauley Helium Field this morning and will announce total depth when achieved.

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.

Cision View original content:https://www.prnewswire.com/news-releases/desert-mountain-energy-has-been-awarded-best-helium-exploration-and-development-company--north-america-301498174.html

SOURCE Desert Mountain Energy Corp.

FAQ

What award did Desert Mountain Energy receive in 2022?

Desert Mountain Energy was awarded 'Best Helium Exploration and Development Company – North America' by the Canadian Business Awards 2022.

What is the significance of Well #7 for Desert Mountain Energy?

The drilling of Well #7 in the McCauley Helium Field signifies ongoing exploration efforts and potential growth in helium production.

What is the focus of Desert Mountain Energy's operations?

Desert Mountain Energy primarily focuses on the exploration, development, and production of helium, hydrogen, and other noble gases.

What is the stock symbol for Desert Mountain Energy?

The stock symbols for Desert Mountain Energy are TSX.V: DME and U.S. OTC: DMEHF.

DESERT MTN ENERGY CORP

OTC:DMEHF

DMEHF Rankings

DMEHF Latest News

DMEHF Stock Data

17.42M
66.52M
6.16%
Oil & Gas E&P
Energy
Link
United States of America
Surprise