Mount Augustine Project selected by DOE

Our Mount Augustine project in Alaska has been selected by the U.S. Department of Energy to drill a geothermal confirmation well.
One of 21 projects chosen nationally under a $99 million federal program, and the only one in Alaska.
We have been working on Augustine since 2023, and DOE has backed an approach already under way. We are an exploration-first developer. We drill to learn before we drill to commit.