Raser Secures Eight Geothermal Leases in Utah

Provo, Utah [] Raser Technologies, Inc. has secured additional geothermal rights in Utah with eight lease agreements that mark Raser’s strategy to establish a diversified geothermal resource portfolio. The 9,889 acres, located in Central Utah, bring the total land Raser has under lease in Utah to 28,091 acres. The leases carry ten-year terms and are renewable for additional periods based on development activity or upon the payment of minimum rental payments.