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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Qob8cyfKl0oYoqmUkj8CySXtJOM7dsLAx0mm9MhidiHm9aygdNcqxpc2NjRmFqOE
 Xls5LpPzA6WC5u9U+QD/iA==

<SEC-DOCUMENT>0000912282-09-001256.txt : 20090901
<SEC-HEADER>0000912282-09-001256.hdr.sgml : 20090901
<ACCEPTANCE-DATETIME>20090901172113
ACCESSION NUMBER:		0000912282-09-001256
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090901
DATE AS OF CHANGE:		20090901
EFFECTIVENESS DATE:		20090901

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			US GEOTHERMAL INC
		CENTRAL INDEX KEY:			0001172136
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				841472231
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-42538
		FILM NUMBER:		091049253

	BUSINESS ADDRESS:	
		STREET 1:		1505 TYRELL LANE
		CITY:			BOISE
		STATE:			ID
		ZIP:			83706
		BUSINESS PHONE:		208-424-1027

	MAIL ADDRESS:	
		STREET 1:		1505 TYRELL LANE
		CITY:			BOISE
		STATE:			ID
		ZIP:			83706
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0502</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001172136</cik>
        <entityName>US GEOTHERMAL INC</entityName>
        <issuerAddress>
            <street1>1505 TYRELL LANE</street1>
            <city>BOISE</city>
            <stateOrCountry>ID</stateOrCountry>
            <zipCode>83706</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>208-424-1027</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kerry</firstName>
                <middleName></middleName>
                <lastName>Hawkley</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1505 Tyrell Lane</street1>
                <city>Boise</city>
                <stateOrCountry>ID</stateOrCountry>
                <zipCode>83706</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <middleName></middleName>
                <lastName>Walker</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1505 Tyrell Lane</street1>
                <city>Boise</city>
                <stateOrCountry>ID</stateOrCountry>
                <zipCode>83706</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Daniel</firstName>
                <middleName></middleName>
                <lastName>Kunz</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1505 Tyrell Lane</street1>
                <city>Boise</city>
                <stateOrCountry>ID</stateOrCountry>
                <zipCode>83706</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Doug</firstName>
                <middleName></middleName>
                <lastName>Glaspey</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1505 Tyrell Lane</street1>
                <city>Boise</city>
                <stateOrCountry>ID</stateOrCountry>
                <zipCode>83706</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kevin</firstName>
                <middleName></middleName>
                <lastName>Kitz</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1505 Tyrell Lane</street1>
                <city>Boise</city>
                <stateOrCountry>ID</stateOrCountry>
                <zipCode>83706</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Bob</firstName>
                <middleName></middleName>
                <lastName>Cline</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1505 Tyrell Lane</street1>
                <city>Boise</city>
                <stateOrCountry>ID</stateOrCountry>
                <zipCode>83706</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Leland</firstName>
                <middleName>Roy</middleName>
                <lastName>Mink</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1505 Tyrell Lane</street1>
                <city>Boise</city>
                <stateOrCountry>ID</stateOrCountry>
                <zipCode>83706</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Paul</firstName>
                <middleName></middleName>
                <lastName>Larkin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1505 Tyrell Lane</street1>
                <city>Boise</city>
                <stateOrCountry>ID</stateOrCountry>
                <zipCode>83706</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other Energy</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$1,000,001 - $5,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-08-17</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isOptionToAcquireType>true</isOptionToAcquireType>
            <isSecurityToBeAcquiredType>true</isSecurityToBeAcquiredType>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Subscriptions receipts, convertible into common stock and 1/2 warrant; each whole warrant exercisable at $1.75 per share for 24 months following closing.</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Dundee Securities Corporation</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Dundee Securities Inc.</associatedBDName>
                <associatedBDCRDNumber>39759</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1 Adelaide Street East, Suite 2700</street1>
                    <city>Toronto</city>
                    <stateOrCountry>A6</stateOrCountry>
                    <zipCode>M5C2V9</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <state>CO</state>
                    <state>CT</state>
                    <state>DE</state>
                    <state>DC</state>
                    <state>FL</state>
                    <state>ID</state>
                    <state>IL</state>
                    <state>MD</state>
                    <state>MA</state>
                    <state>MN</state>
                    <state>NJ</state>
                    <state>NY</state>
                    <state>OH</state>
                    <state>OR</state>
                    <state>PA</state>
                    <state>TX</state>
                    <state>UT</state>
                    <state>WA</state>
                    <state>WI</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Toll Cross Securities Inc.</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Toll Cross Securities USA  Inc.</associatedBDName>
                <associatedBDCRDNumber>139412</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>77 King Street West, Suite 3120</street1>
                    <city>Toronto</city>
                    <stateOrCountry>A6</stateOrCountry>
                    <zipCode>M5K1H1</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <state>CO</state>
                    <state>CT</state>
                    <state>IL</state>
                    <state>MD</state>
                    <state>MA</state>
                    <state>NJ</state>
                    <state>NY</state>
                    <state>TX</state>
                    <state>WA</state>
                    <state>WI</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Clarus Securities Inc.</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>130 King Street West, Suite 3640</street1>
                    <city>Toronto</city>
                    <stateOrCountry>A6</stateOrCountry>
                    <zipCode>M5X1A9</zipCode>
                </recipientAddress>
                <statesOfSolicitationList></statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>16959306</totalOfferingAmount>
            <totalAmountSold>9871806</totalAmountSold>
            <totalRemaining>7087500</totalRemaining>
            <clarificationOfResponse>(c) represents maximum exercise price of warrants to be issued upon conversion of subscription receipts.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>20</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>592308</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>In addition to cash commission of $592,308, agents received 243,000 options to purchase common stock of the issuer at Cdn$1.35 for 24 months following closing date.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>US GEOTHERMAL INC</issuerName>
                <signatureName>/s/ Kerry Hawkley</signatureName>
                <nameOfSigner>Kerry Hawkley</nameOfSigner>
                <signatureTitle>Chief Financial Officer and Secretary</signatureTitle>
                <signatureDate>2009-09-01</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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