4th Resource Corp. announces they have been awarded a geothermal reconnaissance license by the Ministry of Mines of the Federal Democratic Republic of Ethiopia (FDRE). This is a major milestone for 4th Resource as it advances towards its goal of becoming an independent energy developer with a minimum environmental footprint. The license covers an area of 1948 km2 in the Somali National Regional State and the Dire Dawa Administration Council Regions of Ethiopia.
The license is the first to be awarded under the new geothermal regulations issued in 2019, which are designed to facilitate and provide incentive for geothermal development in the country. The license will allow the 4th Resource geoscience team to assess and qualify previously identified geothermal resources with the objective of proceeding to exploration and development phases.
“4th Resource is excited to pursue geothermal development in one of the highest potential and most underdeveloped geothermal regions in the world. We are confident that we can contribute to energy security and reduce energy poverty in a region currently undergoing tremendous growth while holding ourselves to the highest ethical and environmental standards.”
Phil Harms, President of 4th Resource
About 4th Resource
4th Resource is a next generation geothermal energy developer. Based in Canada, 4th Resource utilizes the skills and knowledge adapted from the hydrocarbon resource exploration sector and deploys leading edge technologies and experience to drive down the cost curve and timeline of geothermal resource development.
For further information please contact 4th Resource at: info@4thresource.ca