Raser Adds 32,700 Acres of Geothermal Resources in Utah

Raser Technologies Inc. announced that it has obtained seventeen new lease agreements covering approximately 32,700 acres of geothermal, surface and other rights in Central Utah.

The signing of these long-term leases increases Raser’s total number of holdings in Utah to more than 150,000 acres. The specific terms of the various leases were not disclosed but under the lease agreements, Raser has rights to the geothermal resources and certain surface rights for the construction of geothermal wells, piping, power plants and transmission lines.

“These leases are very important to our future development plans,” said Brent Cook, Raser’s CEO. “We continue to capitalize on the excellent geothermal resource opportunities that currently exist in the Utah market. We believe these new leases will provide some valuable projects and add to our vast geothermal portfolio.”

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