Opportunity to acquire equity interest in established German geothermal operating company with permitted asset in southeast Bavaria: Geothermie Rupertiwinkel GmbH.

Green Therma ApS and Geothermie Rupertiwinkel GmbH (GTR) have signed a Letter of Intent to explore the feasibility of deploying a closed-loop geothermal heat solution in the Rupertiwinkel geothermal area in Bavaria, Germany.

As Geothermie Rupertiwinkel GmbH move forward with delivering a Green Energy Hub for Kirchanschöring and the Rupertiwinkel region in Bavaria, we are pleased to announce the appointment of Gabriele Schallegger as Chief Financial Officer.

Establishment of Green Energy Hub at Kirchanschöring, Bavaria.