Raser Secures More Geothermal Leases in Utah

Raser Technologies, Inc. secured additional geothermal rights in Utah under the terms of five lease agreements to the geothermal resources on 3,972 acres in three counties in central and Southern Utah. The lease terms are up to ten years and are renewable for additional periods based on development activity or upon the payment of minimum rental payments. The financial terms of the leases are undisclosed. These leases bring the total land Raser has under lease in Utah alone for geothermal development to more than 40,000 acres. Raser also has geothermal holdings in Nevada and California and plans to expand its operations and holdings into other states.
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