VANCOUVER, BC, May 20, 2025 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01) From the President of the Company. Desert Mountain Energy Corp. proudly joined leaders from across Arizona last week as U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin formally approved the State of Arizona's application for primacy to oversee permitting and regulatory responsibilities for all underground injection wells under the Safe Drinking Water Act (SDWA).
Desert Mountain Energy Corp. Logo (CNW Group/Desert Mountain Energy Corp.)
This landmark decision marks a major milestone for Arizona's energy sector, empowering the state to directly regulate underground injection wells used in oil, gas, and helium production. Desert Mountain Energy was honored to be invited to Washington, D.C., to witness this significant moment for Arizona's energy and environmental future.
Desert Mountain Energy was present at the signing ceremony and commends Administrator Zeldin for his leadership in advancing regulatory efficiency and supporting energy innovation in the western United States.
"We are incredibly grateful to Administrator Zeldin for his thoughtful work and steadfast partnership with Arizona," said Robert Rohlfing, CEO and of Desert Mountain Energy. "The approval of primacy is not only a victory for our state's sovereignty, but a key step in promoting responsible development of Arizona's vast natural resources."
Desert Mountain Energy also extends its sincere thanks to Congressman Juan Ciscomani, Congressman Andy Biggs, and Congressman Paul Gosar for their tireless advocacy on behalf of Arizona. Their commitment to advancing common-sense regulatory reforms has played a vital role in securing this achievement.
With the state now in control of the permitting and oversight process for the UIC program, Desert Mountain Energy is optimistic about the future of domestic energy and helium production in Arizona, where the company continues to lead in sustainable resource development.
DME ANNOUNCES FINAL CLOSING OF PRIVATE PLACEMENT
DME is pleased to announce that it has closed on the fourth and final tranche of its non-brokered private placement offering originally announced on February 4, 2025. The Company raised an additional C$10,000 through the issuance of 40,000 Units at a price of C$0.25 per Unit. The Company has now raised a total of C$981,500 through the issuance of 3,926,000 Units.
The Units issued in the fourth tranche are subject to a 4-month plus one-day hold period expiring September 17, 2025, and the $0.35 warrants expire May 16, 2026, subject to acceleration. The Issuer has the right to accelerate the expiry date of the warrants if the closing price of the Issuer's shares on the TSX Venture Exchange is at least $0.75 for a minimum of 10 consecutive trading days. Total finder's fees on the final placement consisted of 296,480 finders warrants (but with no forced conversion) and $74,120 cash.
ABOUT DESERT MOUNTAIN ENERGY
Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on the exploration, development and production of helium, hydrogen, natural gas and condensate. The Company is focused on helium extraction from different raw gas sources in an environmental and economic manner supplying 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.
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.
