Businessweek

Alternative Earth Resources Inc. engages in the acquisition, exploration, and development of geothermal resources principally in the western United States in Nevada, California, and Oregon. Properties The company holds 100% leasehold interests in 7 properties, including Blue Mountain, Pumpernickel North Valley, and Edna located in Nevada; and New Truckhaven, East Brawley, and South Brawley in California, as well as 50% joint venture partner with Ormat Nevada Inc. at Crump Geyser located in Oregon. Blue Mountain Project The Blue Mountain project is located in north-central Nevada, approximately 32 kilometers (22 miles) west of the town of Winnemucca in Humboldt County. The company has leased the geothermal mineral interest in 17 land sections covering 4,503 hectares (11,126 acres) from Blue Mountain Research and Development LLC, the Bureau of Land Management (BLM), Burlington Northern Santa Fe (BNSF), Nevada Land and Resource Company (NLRC), Crawford, and DeLong Ranch. The company holds a 100% geothermal mineral interest and is entitled to explore, develop, and produce any geothermal resources located on the properties. Pumpernickel Project The Pumpernickel project is located in north-central Nevada, east of Winnemucca, in Humboldt County. The company holds private and federal geothermal leases comprising a total holding of 11 square miles (6,942 acres). The leases include 1,275 hectares (3,151 acres) of land leased under an agreement with Newmont USA Ltd; 1,405 hectares (3,471 acres) leased from the Bureau of Land Management; 1,045 hectares (2,582 acres) acquired from Ormat Nevada Inc.; and 129 hectares (320 acres) under 4 private leases. North Valley The North Valley property is located in Washoe and Churchill counties, Nevada. The company has a total of 10 square miles (6,273 acres) of both private land and federal lands, including water and surface rights. This project is located within a prolific power producing region of Nevada encompassing the Steamboat Hills, Soda Lake, Stillwater, Desert Peak, Salt Wells, and Brady Hot springs geothermal power plants. Crump Geyser The company and Ormat Nevada Inc. formed a 50/50 joint venture company, Crump Geothermal Company LLC (CGC), for the development of the Crump Geyser project. The Crump Geyser property is a hot spring system located in Warner Valley, Lake County, north of Adel, Oregon, 53 kilometers (33 miles) east of Lakeview Oregon, and 287 kilometers (178 miles) north and west from Winnemucca, Nevada. It leases totaling 11 square miles (7,205 acres) of private land. Additional state land leases totaling 24 square miles (15,389 acres) were acquired by Crump Geothermal Company LLC in September 2011. The company’s two primary zones of interest include Crump Geyser and Fisher Hot Springs. Edna Mountain The company’s leases, at Edna Mountain, cover an 11 square mile (7,072 acre) parcel of land. The Edna Mountain property is located a few miles northeast of its Pumpernickel Valley project, 2 miles south of Interstate Highway 80, and 9 miles west of the Valmy coal-fired power plant. New Truckhaven In 2011, the company purchased the New Truckhaven in California’s Imperial Valley. The company owns federal and private leases covering a 9.3 square mile (5949 net mineral acres) parcel of land in the Imperial Valley, California. The property is located on the west side of the Salton Sea. East Brawley The company owns private geothermal leases covering 6 square miles (3843 net mineral acres) of land at East Brawley, California. South Brawley The company owns 50% leasehold on 3 square miles (1920 acres) of private land at the South Brawley geothermal area. History The company was founded in 1995. It was formerly known as Blue Desert Mining Inc. and changed its name to Canada Fluorspar Inc. in 2000 and to Continental Ridge Resources Inc. in 2001. Further, the company changed its name to Nevada Geothermal Power Inc. in 2003 and to Alternative Earth Resources Inc. in March 2013.