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BOREALIS GEOPOWER INC. ANNOUNCES ADDITIONAL BC GEOTHERMAL PERMIT AND SEARCH FOR A STRATEGIC OPERATING PARTNER

11/27/2017

 
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Borealis GeoPower Inc. (“Borealis”) is pleased to announce that the BC Ministry of Energy, Mines and Petroleum Resources has been authorized to enter into an agreement to issue an additional geothermal permit to Borealis under the Geothermal Resources Act. This permit is adjacent, and in addition, to a permit granted to Borealis in 2010. Borealis confirms that as of today it has satisfied all conditions of the agreement and extends thanks to the BC Government for this opportunity.

This new permit gives Borealis the exclusive right to apply to drill wells for geothermal purposes at a location near the Village of Valemount. These wells will initially energize the “Sustainaville” project, a geothermal micro-electricity and renewable heat development. A commercial sized geothermal power plant will follow.
 
A strategic partner is now sought to assist with the development and operation of the geothermal field as well as the planned power and heat plants. Ms. Thompson, President and CEO of Borealis, stated, “British Columbia has world class, high temperature geothermal resources and an enviable legal and regulatory framework. We invite interest from global geothermal companies to help usher in a new industry in Canada, a country with a long history in the natural resources sector and a commitment to renewable energy.”
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For further information, please contact:

​Alison Thompson, CEO & President, Borealis Geopower Inc. 
​Email: alison@borealisgeopower.com 

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Borealis GeoPower is headquartered in Moh’kins’tsis, the Niitsitapi (Blackfoot) name for the place we now call Calgary, located in the Treaty 7 region and the traditional territories of the Blackfoot Confederacy (including the Siksika, Piikani and Kainai First Nations), the Tsuut’ina First Nation, and the Stoney Nakoda (including the Chiniki, Bearspaw and Wesley First Nations). The City of Calgary is also home to Métis Nation of Alberta, Region III.

BOREALIS GEOPOWER has operations on the traditional, unceded territory of the people of the kitselas First Nation. the kitselas people are part of the larger tsimshian nation whose traditional language is sm'algyax. kitselas means "people of the canyon" in sm'algyax. the kitselas First Nation has been archaeologically documented to occupy the kitselas canyon, east of terrace (british columbia) on the skeena river, for at least 5000 years.

​We are grateful to the past, present and future stewards of this land.

Contact

info@BOREALISGEOPOWER.COM
PO Box 668, Station M
Calgary, Alberta T2P 2J3
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  • Home
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    • Invest in Borealis
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  • News
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