TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
VANCOUVER, BC, March 17, 2025 /PRNewswire/ – DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01) From the President of the Corporate. Wilderness Mountain Power Corp. is happy to announce important proceed on Senate Invoice 1444, which goals to determine accountable helium exploration and manufacturing laws in Arizona.
On Thursday, March 13, 2025, the Arizona Senate voted to progress SB1444 to the Space, the place it won bipartisan backup from stakeholders. The invoice has now been transferred to the Arizona Space of Representatives, the place it’ll be assigned to the precise committee for additional overview and attention.
As soon as assigned to a committee, the invoice will go through a overview earlier than continuing to a complete Space vote. If any amendments are proposed and permitted right through this procedure, the invoice will go back to the Senate for every other vote earlier than being despatched to the Governor’s place of business for ultimate approbation.
Robert Rohlfing, CEO of Wilderness Mountain Power Corp., expressed his idolize for the legislative procedure, pointing out, “We appreciate the thoughtful questions, careful consideration, and meaningful suggestions from the legislators. We look forward to returning to Arizona upon final approval.”
Personal Placement
DME has closed on the second one tranche of its non-brokered non-public placement providing firstly introduced on February 4, 2025. The Corporate has raised an alternative C$514,000 in the course of the issuance of 970,000 Gadgets at a worth of C $0.25 consistent with Unit. The Corporate has now raised a complete of C$756,500 in the course of the issuance of three,026,000 Gadgets. The Corporate could also be extending the terminating of the personal placement an additional 30 days to April 16, 2025.
Every Unit is composed of 1 familiar percentage of the Corporate and one percentage acquire warrant (the “Warrants”), with each and every complete Warrant permitting the subscriber to buy one alternative percentage of the Corporate for a length of 1 hour finishing March 17, 2026, at a worth of CAD $0.35 consistent with percentage. The expiry of the Warrants is also speeded up on the election of the Corporate by way of written realize if the terminating worth for the familiar stocks at the TSX Undertaking Change will likely be equivalent to or more than CAD $0.75 consistent with percentage for no less than ten consecutive buying and selling days. Finder’s charges on the second one tranche consisted of 71,200 finders warrants (however and not using a pressured conversion) and $17,800 money.
The Gadgets shall be matter to a 4-month plus one-day reserve length expiring July 18, 2025.
ABOUT DESERT MOUNTAIN ENERGY
Wilderness Mountain Power Corp. is a publicly traded useful resource corporate basically centered at the exploration, construction and manufacturing of helium, hydrogen and herbal gasoline. The Corporate is fascinated by helium extraction from other uncooked gasoline assets in an environmental and financial way, supplying components deemed important to the renewable power and prime generation industries.
We search secure harbor
“Robert Rohlfing”
Robert Rohlfing
Exec Chairman & CEO
Neither the TSX Undertaking Change nor its Law Services and products Supplier (as that time period is outlined in polices of the TSX Undertaking Change) accepts accountability for the adequacy or accuracy of this loose. The statements made on this press loose might comprise sure forward-looking statements that contain quite a few dangers and uncertainties. Untouched occasions or effects might vary from the Corporate’s expectancies.
Cautionary Word Relating to Ahead-Having a look Statements
This information loose incorporates “forward-looking statements” inside the that means of america Personal Securities Litigation Reform Operate of 1995 and “forward-looking information” inside the that means of acceptable Canadian securities regulation. Such ahead browsing statements and knowledge herein come with however don’t seem to be restricted to statements in regards to the Corporate’s expected efficiency going forward the deliberate exploration actions, receipt of sure effects from drilling, the finishing touch of additional drilling and exploration paintings, and the timing and result of numerous actions.
Ahead-looking statements or knowledge contain recognized and unknown dangers, uncertainties and alternative elements that can motive the latest effects, degree of process, efficiency or achievements of the Corporate and its operations to be materially other from the ones expressed or implied by way of such statements. Such elements come with, amongst others, adjustments in nationwide and native governments, regulation, taxation, controls, laws and political or financial trends in Canada and america; monetary dangers because of helium costs, running or technical difficulties in exploration and construction actions; dangers and hazards and the speculative nature of useful resource exploration and similar construction; dangers in acquiring essential licenses and lets in, and demanding situations to the Corporate’s name to houses.
Ahead-looking statements are in response to guesses control believes to be affordable, together with however now not restricted to the ongoing operation of the Corporate’s exploration operations, refuse subject material hostile alternate available in the market worth of commodities, and such alternative guesses and elements as put forth herein. Even if the Corporate has tried to spot remarkable elements that might motive latest effects to vary materially from the ones contained in forward-looking statements or knowledge, there is also alternative elements that motive effects to be materially other from the ones expected, described, estimated, assessed or meant. There may also be refuse commitment that any forward-looking statements or knowledge will end up to be correct as latest effects and life occasions may vary materially from the ones expected in such statements or knowledge. Accordingly, readers will have to now not park undue reliance on forward-looking statements or knowledge. The Corporate does now not intend to, and nor does now not think any legal responsibility to replace such forward-looking statements or knowledge, alternative than as required by way of acceptable legislation.
SOURCE Wilderness Mountain Power Corp.
