DESERT MOUNTAIN ENERGY SECURES ADDITIONAL ACREAGE
Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) announced the acquisition of 80 acres in the McCauley Helium Field for $125 per acre. This property could enhance the Company’s operations in hydrogen and noble gases. Additionally, the Company secured 50% of the mineral rights in the South Winslow prospect, reducing royalties from 12.5% to 6.25%. The goal is to maximize shareholder returns. A rig will be operational in the McCauley Helium Field by mid-week, with new trucks and trailers acquired for operations.
The Company focuses on exploring and developing helium, hydrogen, and noble gases, critical for renewable energy and high-tech industries.
- Acquisition of 80 acres enhances operational capacity in helium and hydrogen sectors.
- Reduced royalty rate from 12.5% to 6.25% boosts profit margins.
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TSX.V: DME
The Company has secured
The Company will have a rig to swab the wells in the McCauley Helium Field by the middle of the week and has acquired additional trucks and trailers as outlined under the use of proceeds in the Short Form Prospectus.
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"Robert Rohlfing"
Robert Rohlfing
Exec Chairman & CEO
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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
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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