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$6,259,200. Desert Pearl will deposit an initial $625,920 "earnest money" into [...]
Quaterra Resources Inc. today announced the closing of the Company's previously announced private placement of secured 10% convertible debentures of the Company for gross proceeds of US$550,000 and C$500,000. The convertible debentures have a maturity date of February 28, 2020 and bear interest at a rate of 10% per annum. Repayment of outstanding principal and interest are secured by a general security interest over the [...]
Quaterra Resources Inc. today announced a proposed private placement of secured 10% convertible debentures of the Company for gross proceeds of up to US$1 million . The Convertible Debentures will have a maturity date of 18 months from the closing date and bear interest at a rate of 10% per annum. Repayment of outstanding principal and interest will be secured by a general security interest over all assets of the Company [...]
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 21, 2018. PricewaterhouseCoopers LLP, Chartered Professional Accountants were re-appointed as auditors of the Company for the ensuing year and shareholders approved the Company's 2018 10% rolling stock option plan. The meeting approved a new [...]
Quaterra Resources today announced that it is offering 30,000,000 units on a private placement basis at a price of C$0.10 per unit. Each unit will consist of one common share of the Company and one non-transferable common share purchase warrant. Each warrant will be exercisable into one common share at a price of C$0.15 for a period of two years from the date of closing of the offering. Funds from the private placement [...]
Quaterra Resources today announced that it has initiated preparation of a comprehensive prefeasibility study on its MacArthur open-pit, oxide-leach copper project. MacArthur is 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. MacArthur Prefeasibility Study In November 2017, Quaterra engaged M3 [...]
Quaterra Resources Inc. today announced that recently completed summer drilling at the Groundhog copper prospect, Alaska, has intersected intrusive rocks and sulfide mineralization commonly associated with porphyry copper mineralization. The Groundhog property is located in an established copper porphyry belt 200 miles southwest of Anchorage, and three miles north of the large Pebble porphyry copper, gold and molybdenum [...]
Quaterra Resources and its subsidiary Singatse Peak Services LLC today announced results from the last three holes of a 13-hole, 26,056-foot drill program at its Yerington Copper Project. Drilling, which began in March 2017, tested targets across the Company's 51-square-mile land package located in the historic Yerington Copper District of Nevada. The three holes reported today tested the depth extension of mineralization [...]
Quaterra Resources and its subsidiary Singatse Peak Services today announced that Freeport-McMoRan Nevada LLC has terminated an option to acquire an interest in the Company’s Yerington Copper Project in Nevada. As a result Quaterra now has regained full control over its 100% interest in these assets, allowing an evaluation of emerging opportunities especially in light of the recent increase in the price of copper [...]
VANCOUVER, BC--(Marketwired - August 02, 2017) - Quaterra Resources Inc. ("Quaterra" or the "Company") (TSX VENTURE: QTA) (OTCQB: QTRRF) and its subsidiary Singatse Peak Services LLC ("SPS") today announced the first results from its ongoing 2017 drill program at its Yerington Copper Project including one hole, YM-041A-17, that extends mineralization at least 800 feet below the existing sulfide resource in the Yerington [...]
VANCOUVER, BC--(Marketwired - July 20, 2017) - Quaterra Resources Inc. ("Quaterra" or the "Company") (TSX VENTURE: QTA) (OTCQB: QTRRF) today announced that Chuchuna Minerals Company ("Chuchuna") has commenced a core drilling program of between two and four holes at the Groundhog copper prospect, a 40,000-acre property situated on an established copper porphyry belt 200 miles southwest of Anchorage, Alaska. Quaterra has an [...]
Quaterra Resources today announced that all resolutions were passed by the requisite majority at its annual general meeting held in Vancouver, British Columbia on June 22, 2017. PricewaterhouseCoopers LLP, Chartered Professional Accountants were re-appointed as auditors of the Company for the ensuing year and shareholders approved the Company's 2017 10% rolling stock option plan. A total of 112,733,131 common shares were [...]
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