DEEP Earth Energy Production Corp

DEEP is launching, for the first time, the Canadian geothermal power industry through a binding 25 year off-take agreement with SaskPower Corp.

  • Stage Full Product Ready
  • Industry Industrial/Energy
  • Location Saskatoon, SK, Canada
  • Currency CAD
  • Founded March 2010
  • Employees 4
  • Incorporation Type Other
  • Website deepcorp.ca

Company Summary

A strong dependence on coal-fired power plants and a commitment by SaskPower to generate 50% of its power from renewables by 2030 makes geothermal power a very attractive investment. DEEP is currently completing an $8M Feasibility Study, funded by a SK construction Co. The total budget requirement for 2017 is $9M. With the $8M already secured, $1M remains to finance.

Team

  • Kirsten Marcia
    President and CEO

    Kirsten Marcia is the co-founder of DEEP and its President and CEO. Ms. Marcia is a geology graduate from the University of Saskatchewan and a Professional Geoscientist, who has worked in the exploration industry for 20 years for commodities including diamonds, gold and base metals, coal, uranium, and oil and gas. Ms. Marcia is a resource entrepreneur who has participated in the formation and development of Saskatchewan resource companies.

  • Wade MacBain
    Director and Corporate Development to DEEP

    Director of Corporate Development for Versa Bank, 10th largest Canadian chartered bank, former Director of Corporate Development of Shore Gold and Discovery Air, and former owner of a Securities dealer in Saskatchewan

  • 8.1.2 John Povhe, CPA, CA
    CFO to DEEP

    Current CFO of Western Canadian kitchen cabinet manufacturer Superior Cabinets, former CFO of Titan Uranium Inc. a TSX-listed junior exploration company and financial leadership experience with Mosaic Potash, Cargill and TSX listed gold miner Claude Resources.

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