Raser Technologies (RZ) Signs Geothermal Lease Agreement With Copper King Mining

Posted by Tate Dwinnell | # |
09:02:22 am on March 26, 2009

Raser Technologies just announced that it has signed a geothermal lease agreement with Copper King Mining. The lease includes a total of 75,000 acres scattered in various locations across Utah. Most of the acreage is located near Razer’s No 1 geothermal project in Beaver County, Utah.

Richard Clayton, Raser’s Executive Vice President, commented on the lease:

"With this lease, Raser continues to expand its holdings in this geothermally active part of the State. We are pleased to be working with Copper King, and obtaining access to their extensive land portfolio and geological data on their large land holdings. We look forward to working closely with Copper King to develop the full geothermal potential of their land holdings."

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