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April 14, 2014
08:03 EDTHTMU.S. Geothermal acquires development rights to Vale, OR geothermal resource area
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October 16, 2014
08:13 EDTHTMU.S. Geothermal acquires Earth Power Resources for 692,769 shares of stock
U.S. Geothermal announced that it has signed an Agreement and Plan of Merger to acquire Earth Power Resources, or EPR. Under the terms of the Agreement, EPR will be merged with and into U.S. Geothermal. EPR shareholders will receive a total of 692,769 shares of U.S. Geothermal stock in exchange for all outstanding shares of EPR stock. EPR will have no outstanding debts or unpaid obligations at the time the transaction closes. The transaction is expected to close by the end November following shareholder approval by EPR Shareholders. The assets acquired from EPR include geothermal leases covering 26,017 acres in Nevada representing three projects, as well as EPR's complete geothermal resource database of new project opportunities located throughout the western United States. EPR's management evaluated and compiled the database over its nearly 40 years of geothermal exploration experience. Resource reports prepared for EPR over the past several years by GeothermEx, a consulting geothermal engineering firm, provide estimates that the energy potential contained within the three projects is in the range of 158 to 359 megawatts.

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