Quaterra Resources Inc. today announced that a 7,000 -10,000-foot core drilling program began on May 4th at its MacArthur copper oxide project in the Yerington District, Nevada. Costs associated with the program will be internally funded through utilization of funds on hand and funds derived through the exercise of Warrants prior to their maturity date. The drill program, with an estimated time frame of 2-3 months, is [...]
Quaterra Resources Inc. today announced that a 7,000 -10,000-foot core drilling program will begin during the first week of May at its MacArthur copper oxide project in the Yerington District, Nevada. Costs associated with the program will be internally funded through utilization of funds on hand and funds derived through the recent exercise of Warrants prior to their maturity date. The drill program, with an estimated [...]
Quaterra Resources Inc. today announced its wholly-owned subsidiary Singatse Peak Services LLC has entered into a purchase and sale agreement to sell certain primary ground water rights associated with its copper property in Yerington, Nevada, to Desert Pearl Farms LLC , a Yerington-based company involved in agriculture in the district, for US$2.91 million. Desert Pearl has paid an initial $1 million on signing into [...]
Quaterra Resources Inc. today announced that Gerald Prosalendis has, for personal reasons, resigned as President and CEO and as a director of the Company. Dr. Thomas Patton, Chairman and Founder of the Company, will assume the role of interim President and CEO of the Company. "We would like to thank Gerald for his leadership during difficult market conditions and the progress the Company has made with its projects in a [...]
Quaterra Resources Inc. today announced that due to COVID-19 and general market conditions, the company has withdrawn its previously reported Private Placement. All subscriptions to the offering will be returned. About Quaterra Resources Inc. Quaterra Resources Inc. is a copper-gold exploration company focused on projects with the potential to host large-scale mineral deposits attractive to major mining companies. It is [...]
Quaterra Resources Inc. today reported that the Company is extending the closing date of the previously announced non-brokered private placement by 30 days from the date of this news release. As well, the Company has amended the current private placement, which was initially announced on September 23, 2020, so that it now consists of up to 30,000,000 units at a price of $0.08 per unit for a total of $2,400,000. Each unit [...]
Quaterra Resources Inc. today announced it plans for a non-brokered private placement offering of up to 30,000,000 units at a price of C$0.10 per unit for gross proceeds of up to C$3 million. Each unit will consist of one common share of the Company and one-half warrant with each full warrant exercisable into one common share at a price of C$0.15 for a period of three years from the date of closing. The Company will make [...]
Quaterra Resources Inc. today announced that it has repaid a principal amount of C$400,000, plus C$99,233 in interest in terms of a secured 10% convertible debenture of the Company issued on August 28, 2018. The Company has also issued 1,000,00 units pursuant to conversions of an aggregate principal amount of C$100,000 at C$0.10 per unit, with each unit consisting of a share and a warrant. Each warrant can be exercised to [...]
Quaterra Resources Inc. today announced its wholly-owned subsidiary Singatse Peak Services LLC has closed the second of two sales of certain primary ground water rights associated with its copper property in Yerington, Nevada, for $673,128. Together with an earlier announced sale total proceeds from the two sales amount to a total of $1.87 million. On December 19, 2019, SPS announced it had entered into two separate [...]
Quaterra Resources Inc. today announced its wholly-owned subsidiary Singatse Peak Services LLC has closed the first of two sales of certain primary ground water rights associated with its copper property in Yerington, Nevada, for $1.19 million. On December 19, 2019, SPS announced it had entered into two separate purchase and sale agreements to sell certain primary ground water rights to Desert Pearl Farms, LLC and Desert [...]
Quaterra Resources Inc. today announced that all resolutions were passed by the requisite majority at its annual general meeting held in Vancouver, British Columbia on June 30, 2020. PricewaterhouseCoopers LLP, Chartered Professional Accountants were re-appointed as auditors of the Company for the ensuing year and shareholders approved the Company's 2020 10% rolling stock option plan. A total of 149,866,139 common shares [...]
Quaterra Resources Inc. today announced it has filed an independent technical report on the exploration and prospects of the Groundhog copper-gold prospect, a 54,880-acre property situated on an established copper-gold porphyry belt 300 kilometers southwest of Anchorage, Alaska. The report was prepared by Nicholas Van Wyck, Ph.D., of Sisyphus Consulting, Anchorage, Alaska in accordance with National Instrument 43-101 [...]
