Quarterra Resources Inc. , is pleased to release the following corporate update in the form of an open letter from CEO Gerald Prosalendis to all stakeholders: Dear Fellow Shareholders It has been just over a year since my previous letter to you all. Since then we have been active and have made considerable progress on a number of fronts. As things stand today, I am happy to report that we are in a fortunate position [...]
Quaterra Resources Inc. and Chuchuna Minerals Company today announced the results of the 2019 geophysical and geologic exploration program conducted at the Groundhog copper-gold prospect, a 54,880-acre property situated on an established copper-gold porphyry belt 300 kilometers southwest of Anchorage, Alaska. During August and September 2019, Geotech of Ontario, Canada, completed a 1,664 line kilometer ZTEM and magnetic [...]
Quaterra Resources Inc. today announced its wholly-owned subsidiary Singatse Peak Services LLC has entered into two separate purchase and sale agreements to sell certain primary ground water rights associated with its copper property in Yerington, Nevada, to Desert Pearl Farms, LLC and Desert Hills Dairy, LLC, two unrelated limited liability companies based in Yerington, for US$1.88 million. Both companies will deposit [...]
Quaterra Resources Inc. today announced that its wholly-owned subsidiary, Six Mile Mining Company, has signed two option agreements providing it with the right to purchase a 100% interest in 678 unpatented mining claims associated with the Butte Valley prospect, a large, partially explored porphyry copper-gold system located in eastern Nevada about 40 miles north of Ely in north-central White Pine County. "With these [...]
Quaterra Resources Inc. today announced that it has agreed to extend the maturity date of a convertible debenture having a principal amount of C$500,000 issued pursuant to the Company's private placement which completed on September 20, 2018. The Company seeks to extend the maturity date of the Convertible Debenture for six months until August 28, 2020, with an option to further extend until February 28, 2021 . The [...]
Quaterra Resources Inc. today announced the results of sequential copper analysis at its MacArthur open-pit, oxide-leach copper project located in the northern part of the Company's 51-square-mile property in the historic Yerington Copper District, Nevada, that also includes the Yerington and Bear copper deposits. Sequential copper analysis is a semi-quantitative technique to determine the total amount of soluble copper [...]
Quaterra Resources Inc. today announced that it has issued 11,769,230 units pursuant to conversions of its secured 10% convertible debentures having an aggregate principal amount of US$550,000 and C$50,000. Each unit consists of a share and a share purchase warrant. Each share purchase warrant entitles the holder to acquire an additional common share at a price of US$0.05 and expires four years from the date the [...]
Quaterra Resources Inc. and Chuchuna Minerals Company today announced that Geotech of Ontario, Canada, has commenced a 1,500 line kilometer ZTEM geophysical survey over their Groundhog copper-gold prospect, a 40,000-acre property situated on an established copper-gold porphyry belt 300 kilometers southwest of Anchorage, Alaska. Chuchuna has also mobilized a ground crew that is conducting fieldwork consisting of geologic [...]
Quaterra Resources Inc. today announced that Gerald Prosalendis, current President and COO of the Company, has been named President and Chief Executive Officer, effective July 1, 2019. To accommodate this appointment, Thomas Patton will resign as CEO while retaining the position of Chairman of the Board of Directors. Mr. Prosalendis has been involved in decision-making at a senior level for 30 years across a variety of [...]
Critical milestone in de-risking the Yerington Copper Project with ARC committing to funding and work plan Quaterra Resources Inc. today announced its wholly-owned subsidiary Singatse Peak Services LLC has entered into a master agreement with Atlantic Richfield Company as part of a state-regulated, privately-funded solution to long-standing environmental issues associated with previous mining activity at the Anaconda [...]
Consolidating a key strategic position in Nevada's emerging Yerington Copper District Quaterra Resources Inc. is pleased to announce the following letter to its shareholders: Dear Fellow Shareholders: Interest in Nevada's mining-friendly Yerington Copper District is gaining momentum. Three publicly traded companies, including Quaterra, have been consolidating their position in this emerging copper camp, about 70 miles [...]
Provides Insight into Corporate Strategy and Outlook Quaterra Resources Inc. today says it has recently shifted focus to look for more innovative methods of financing exploration that do not dilute shareholders' interests in the Company. This approach, and other aspects of the Company's corporate strategy and outlook, are outlined in the Management's Discussion and Analysis released today together with the financial [...]
