Radius Gold options Guatemalan geothermal concessions to Molten Power Corp.
Radius Gold has optioned its portfolio of geothermal concessions in Guatemala to a private geothermal power company, Molten Power Corp. Molten will be the operator of the geothermal exploration project.
Simon Ridgway, the president of Radius, commented: "With the tremendous interest in carbon-neutral, renewable energy, I'm pleased that our exploration programs may be able to contribute to the development of clean energy sources in Central America."
Under the terms of the option, and subject to satisfactory technical and legal due diligence by Molten, Molten shall have the exclusive right to earn a 100 percent interest in the concessions from Radius.
Original source: PR Newswire (press release)