joe_techi
7 years ago
seems like they lost their funding, what is the plan forward here?
The Company has been dependent on funding from Freeport Nevada and sale proceeds of its non-core assets in the last few years. With the option agreement with Freeport Nevada now terminated, the Company will have to raise funds by the issuance of its common shares or entering partnering or joint venture arrangements. As at November 9, 2017, the Company has cash on hand of approximately $1.9 million
On September 13, 2017, the Company announced that Freeport Nevada had terminated its option to acquire an interest in the Companyโs Yerington Copper Project. From June 2014 to September 2017, Freeport Nevada
had provided $14.54 million in funds to Quaterra subsidiary SPS in terms of the agreement. SPS used the funds for exploration including drilling, geophysical surveys, geologic mapping as well as land, water and minerals
rights maintenance, compliance with environmental law and general administrative expenditures.
and they have money due (selling stock to pay it seems)
Following the termination of the Freeport Nevada option agreement, the 0.5 million loan will be due by March 10, 2018, and with interest will amount to approximately $0.58 million.
Anybody know what the business plan is other than drilling a couple holes here and there?
https://www.quaterra.com/wp-content/uploads/2017_q3_mda.pdf
ComstockRoyalty
7 years ago
QTRRF Breakout Ahead as Copper Rallies ??Good Luck! 8.22.2017
Copper prices hit a fresh three-year high on the news, which together with other companies positive results, buoyed sentiment towards the sector. The industrial metal also found support from robust gains in steel material prices in China.
London copper rose to $6,642.50 a tonne in London, the highest since Nov 2014, before trading at $6,622 a tonne by 03:12AM ET, a 0.6% gain. Copper had already jumped 1.5% in the previous session, spurred partly by troubles at Freeport's copper mine in Indonesia and large-scale speculators positioning themselves for a continued run in prices.
http://www.mining.com/copper-price-rallies-grasberg-violence/
ComstockRoyalty
8 years ago
>>>> Copper Demand to Rise by 9X Times.... YES 9X
MELBOURNE, June 13 The growing number of
electric vehicles hitting roads is set to fuel a nine-fold
increase in copper demand from the sector over the coming
decade, according to an industry report on Tuesday.
Electric or hybrid cars and buses are expected to reach 27
million by 2027, up from 3 million this year, according to a
report by consultancy IDTechEx, commissioned by the
International Copper Association (ICA).
"Demand for electric vehicles is forecast to increase
significantly over the next ten years as technology improves,
the price gap with petrol cars is closed and more electric
chargers are deployed," IDTechEx Senior Technology Analyst
Franco Gonzalez said in the report.
"Our research predicts this increase will raise copper
demand for electric cars and buses from 185,000 tonnes in 2017
to 1.74 million tonnes in 2027," Gonzalez said.
Electric vehicles use a substantial amount of copper in
their batteries and in the windings and copper rotors used in
electric motors. A single car can have up to six kilometres of
copper wiring, according to the ICA.
The global market for copper is around 23.9 million tonnes,
according to the International Copper Study Group.
http://in.reuters.com/article/copper-demand-electric-vehicles-idINL3N1JA26Z
EOM
ComstockRoyalty
8 years ago
BLOOMBERG: 2.5.17 - Copper Hits $6000 Metric Ton. $6600 in Charts
โThe copper price does seem to be supported,โ he said. UBS forecasts the metal to average about $6,600 a ton this year.
Three-month copper -- which has risen about 32 percent over the past 12 months -- ended at $5,991 a ton on the London Metal Exchange on Tuesday, the highest close since June 2015 as the Escondida vote was under way. On Wednesday, the metal gained as much as 0.3 percent to $6,007, before retreating to $5,969 at 2:05 p.m. in London.
The potential stoppage at Escondida coincides with an interruption to supplies from Indonesiaโs Grasberg, the worldโs second-biggest mine, where exports of concentrate have been halted amid a dispute between Freeport-McMoRan Inc., the worldโs biggest publicly traded copper producer, and the government.
https://www.bloomberg.com/news/articles/2017-02-01/strike-looms-at-world-s-top-copper-mine-as-workers-reject-offer
ComstockRoyalty
8 years ago
OTC:DOLFF Deal with NYSE:FCX Freeport McMoran Deal Triggered $
Up to $40 Million
VANCOUVER, BC--(Marketwired - January 19, 2017) - Quaterra Resources Inc. ("Quaterra" or the "Company") and its subsidiary Singatse Peak Services LLC ("SPS") today announced a 2017 drill program of at least 15 drill holes to test targets throughout the Company's 51-square-mile land package located in the historic Yerington District of Nevada.
Freeport-McMoRan Nevada LLC ("Freeport Nevada") has agreed to make accelerated option payments of up to $1.5 million. SPS has determined that these will be used to fund the 2017 drill program. (All amounts are expressed in U.S. dollars). Freeport Nevada is a wholly owned subsidiary of Freeport Minerals Corporation, which in turn is a wholly owned subsidiary of Freeport-McMoRan Inc. (NYSE: FCX).
Freeport Nevada's accelerated $1.5 million option payments are in addition to an option payment last month of $1.25 million by Freeport Nevada to SPS that is being used for property maintenance, G&A and environmental compliance at Yerington. Last month's option payment was the second of a four-tranche agreement totaling $5.75 million over two years announced in June last year to extend Stage 2 of Freeport Nevada's option to acquire an interest in the Company's Yerington Copper Project. Freeport Nevada has the right to terminate the agreement at any time with 60 days' notice. (Please see news release dated June 13, 2016).
In June 2014, Quaterra and its subsidiary SPS entered into an agreement which gives Freeport Nevada an option to earn an initial 55% interest in SPS by providing $40.7 million in option payments to SPS. In June 2016, Stage 2 of the agreement was potentially extended by another two years. The Stage 2 extension option payments and any accelerated option payments will reduce the payments required for Freeport Nevada to earn its initial 55% interest in SPS. Freeport Nevada can earn a further 20% in SPS (increasing its holding to 75%) by spending $99.5 million or by funding a feasibility study, whichever comes first. Before then, Freeport Nevada can terminate the agreement at its discretion.
Quaterra's Yerington Copper Project is located in the historic Yerington Copper District, about 70 miles southeast of Reno, Nevada.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/989-tsx-venture/qta/28468-quaterra-resources-announces-2017-drill-program-at-yerington-copper-project-nevada.html
ComstockRoyalty
8 years ago
Go QTRRF - Drill Baby Drill & Cash from NYSE:FCX
From Corporate Website: https://quaterra.com/2017/01/quaterra-announces-2017-drill-program-at-yerington-copper-project-nevada/
VANCOUVER, B.C. โ Quaterra Resources Inc. (โQuaterraโ or the โCompanyโ) and its subsidiary Singatse Peak Services LLC (โSPSโ) today announced a 2017 drill program of at least 15 drill holes to test targets throughout the Companyโs 51-square-mile land package located in the historic Yerington District of Nevada.
Freeport-McMoRan Nevada LLC (โFreeport Nevadaโ) has agreed to make accelerated option payments of up to $1.5 million. SPS has determined that these will be used to fund the 2017 drill program. (All amounts are expressed in U.S. dollars). Freeport Nevada is a wholly owned subsidiary of Freeport Minerals Corporation, which in turn is a wholly owned subsidiary of Freeport-McMoRan Inc. (NYSE:FCX).
Says Quaterra President and COO Gerald Prosalendis: โThis yearโs drill program is focused on locating and drilling both potential open-pitable and higher-grade porphyry and skarn mineralization in a number of prospective areas that we have identified across our district-scale property.
โWork will begin in the first quarter of the year and will include both reverse circulation and core drilling of a minimum of 15 holes in and around the Yerington pit, at the MacArthur deposit five miles north of the Yerington pit, and on other prospective targets identified on the Companyโs large land position,โ he says.
โFor example,โ he says โMacArthur contains significant sulfide mineralization beneath the oxide zone as discovered by a relatively few previously drilled holes that continued beyond the base of the oxide. We want to better understand the porphyry system that underlies the oxide cap.โ
Geophysical surveys, geologic mapping and data from the previous drilling programs have been used to select drill targets. An induced polarization (IP) geophysical survey is currently in progress to assist in final drill site selection.
Freeport Nevadaโs accelerated $1.5 million option payments are in addition to an option payment last month of $1.25 million by Freeport Nevada to SPS that is being used for property maintenance, G&A and environmental compliance at Yerington. Last monthโs option payment was the second of a four-tranche agreement totaling $5.75 million over two years announced in June last year to extend Stage 2 of Freeport Nevadaโs option to acquire an interest in the Companyโs Yerington Copper Project. Freeport Nevada has the right to terminate the agreement at any time with 60 daysโ notice. (Please see news release dated June 13, 2016).
In June 2014, Quaterra and its subsidiary SPS entered into an agreement which gives Freeport Nevada an option to earn an initial 55% interest in SPS by providing $40.7 million in option payments to SPS. In June 2016, Stage 2 of the agreement was potentially extended by another two years.
https://www.barchart.com/stocks/quotes/QTRRF/performance
GLTA
ComstockRoyalty
8 years ago
Thanks StockTraderMan - I like your proxy strategy in Copper, You have support on that.
Marquarie on Copper -
Hedge funds have divulged their strongest sentiment on copper for several years, with the sharp turnaround in views enough for Macquarie Wealth Management to back recent gains as sustainable.
In the wake of feedback collected through an annual gathering of industry participants at the Asia CESCO event in Shanghai last week, Macquarie said there was every reason to believe prices around $US5,500 a tonne could hold up.
In January, the price of the red metal slumped below $US4,500 and even last month was trading around $US4,600. However, a stunning rally that saw 14 consecutive positive sessions across October and November lifted it to an 18-month high of around $US5,800 before a pullback to recent levels of $US5,450.
Officially, Macquarie recently upgraded its forecast 13 per cent to $US5,350 a tonne, but the views gathered at CESCO has it tipping that risks are โskewed to the upsideโ.
โRecent wild price moves were naturally a hot topic, but having settled down, expectations were that the new range can be held and dips will be bought,โ the note read.
โFrom here, the outlook from the hedge funds we spoke to ranged from neutral to cautiously bullish (with one currency-inspired exception), and we were struck by the fact that in several cases a multi-year bear strategy towards copper has ended this year and may be turning long. What a difference a year makes.โ
http://www.theaustralian.com.au/business/markets/copper-can-hold-on-to-recent-gains-says-macquarie-wealth-management/news-story/989172d55becb368709ccc1c4cf99071
ComstockRoyalty
8 years ago
ICYMI
VANCOUVER, BC--(Marketwired - June 13, 2016) - Quaterra Resources Inc. ("Quaterra" or the "Company") and its subsidiary Singatse Peak Services LLC ("SPS") today announced they have reached an agreement with Freeport-McMoRan Nevada LLC ("Freeport Nevada") to extend the current Stage 2 of Freeport Nevada's option to acquire an interest in the Company's Yerington Copper Project in Nevada for up to two years by Freeport Nevada making option payments totalling $5.75 million. Freeport Nevada is a wholly owned subsidiary of Freeport Minerals Corporation, which in turn is a wholly owned subsidiary of Freeport-McMoRan Inc. (NYSE:FCX).
In terms of today's agreement, Stage 2 of Freeport Nevada's earn-in option, which commenced in June last year, can be extended for up to four additional periods of six months each by Freeport Nevada making the following payments to SPS: $1.8 million on June 13, 2016; $1.25 million on December 13, 2016; $1.35 million on June 13, 2017; and $1.35 on December 13, 2017. (All amounts are expressed in U.S. dollars).
SPS intends to use the Freeport Nevada's option payments for property maintenance, G&A and environmental compliance at its Yerington Copper Project. Freeport Nevada will have the right to terminate the agreement at any time with 60 days' notice.
https://quaterra.com/2016/06/quaterra-announces-agreement-with-freeport-mcmoran-nevada-llc-to-extend-funding-of-yerington-copper-project-nevada/
stocktrademan
9 years ago
$QTRRF recent news/filings
bullish
good steady higher highs higher lows uptrend
backing of a large NYSE mining corporation with deep pockets, funding for project exceeds the current market value of all Quaterra stock, yet it isn't a buyout so the chart can continue to uptrend
http://quaterra.com/projects/quaterras-yerington-copper-projects/option-agreement-with-freeport-nevada/
## source: finance.yahoo.com
Thu, 25 Jun 2015 19:19:03 GMT ~ Quaterra Announces AGM Results
[Marketwired] - 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 25, 2015....
read full: http://finance.yahoo.com/news/quaterra-announces-agm-results-191903484.html
*********************************************************
Fri, 19 Jun 2015 22:08:19 GMT ~ Quaterra Extends Share Purchase Warrants
[Marketwired] - Quaterra Resources Inc. proposes to extend the expiry date of 29,810,000 share purchase warrants with an exercise price per share of US$0.15 from September 13, 2016, to September 13, 2018. The warrants......
read full: http://finance.yahoo.com/news/quaterra-extends-share-purchase-warrants-220819725.html
*********************************************************
Mon, 15 Jun 2015 11:00:00 GMT ~ Quaterra Announces Freeport-McMoRan Nevada LLC to Commit to $7.1 Million in Option Payments
[Marketwired] - Quaterra Resources Inc. and its subsidiary Singatse Peak Services LLC today announced that Freeport-McMoRan Nevada LLC has committed US$7.1 million toward...
read full: http://finance.yahoo.com/news/quaterra-announces-freeport-mcmoran-nevada-110000562.html
*********************************************************
Tue, 07 Apr 2015 17:04:11 GMT ~ QUATERRA RESOURCES INC Financials
read full: http://finance.yahoo.com/q/is?s=qtrrf&annual
*********************************************************
Tue, 31 Mar 2015 22:06:04 GMT ~ Quaterra Reports 2014 Year-End Financial Results
[Marketwired] - Quaterra Resources Inc. continues to focus its attention on its 100%-owned Yerington copper district assets. Non-Yerington assets of the Company have been sold with the proceeds to be used in support of ...
read full: http://finance.yahoo.com/news/quaterra-reports-2014-end-financial-220604063.html
*********************************************************
$QTRRF charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$QTRRF company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/QTRRF/company-info
Ticker: $QTRRF
OTC Market Place: OTCQX International
CIK code: 0001339688
Company name: Quaterra Resources Inc.
Company website: http://www.quaterra.com
Incorporated In: British Columbia, Canada
Business Description: Quaterra Resources is a junior exploration and development company with a focus on its copper projects in Nevada including McArthur, Yerington, Bear and Wassuk properties.
$QTRRF share structure
## source: otcmarkets.com
Market Value: $17,413,147 a/o Jul 02, 2015
Shares Outstanding: 193,479,416 a/o Mar 31, 2015
Float: 180,000,000 a/o Jan 24, 2014
Authorized Shares: Unlimited a/o Jun 10, 2015
Par Value: No Par Value
$QTRRF extra dd links
Company name: Quaterra Resources Inc.
Company website: http://www.quaterra.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/QTRRF/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/QTRRF/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=QTRRF+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=QTRRF+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=QTRRF+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/QTRRF/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/QTRRF/news - http://finance.yahoo.com/q/h?s=QTRRF+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/QTRRF/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/QTRRF/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/QTRRF/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/QTRRF/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/QTRRF/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/QTRRF/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/QTRRF/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/QTRRF/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=QTRRF+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/QTRRF
DTCC (dtcc.com): http://search2.dtcc.com/?q=Quaterra+Resources+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Quaterra+Resources+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Quaterra+Resources+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.quaterra.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.quaterra.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.quaterra.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/QTRRF/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/QTRRF
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/QTRRF/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/QTRRF/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/QTRRF/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001339688&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/QTRRF/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/QTRRF/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/QTRRF/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/QTRRF/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=QTRRF&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=QTRRF
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/QTRRF/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=QTRRF+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=QTRRF+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=QTRRF
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=QTRRF
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=QTRRF+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/QTRRF/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=QTRRF+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/QTRRF.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=QTRRF
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/QTRRF/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/QTRRF/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/QTRRF/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/QTRRF/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/QTRRF
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/QTRRF
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/QTRRF:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=QTRRF
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=QTRRF
$QTRRF DD Notes ~ http://www.ddnotesmaker.com/QTRRF
RickKayne
11 years ago
Quaterra Resources Inc. Announces that Freeport-McMoran Nevada LLC Signs Agreement With Quaterra to Earn Interest in Singatse...
Quaterra Resources Inc. Announces that Freeport-McMoran Nevada LLC Signs Agreement With Quaterra to Earn Interest in Singatse Peak Services LLC, Holder of Yerington Project
Freeport has option to earn up to a 75% interest in Singatse Peak Services for US$138.6 million in spending
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 16, 2014) - Quaterra Resources Inc. ("Quaterra" or the "Company")(TSX-VENTURE:QTA)(OTCQX:QTRRF) and its subsidiaries Quaterra Alaska Inc. ("Quaterra Alaska") and Singatse Peak Services LLC ("SPS") have signed a membership interest option agreement with Freeport-McMoRan Nevada LLC which sets out terms for due diligence and for SPS's exploration of its Yerington Copper Project in Nevada (the "Yerington Project"). Freeport-McMoRan Nevada LLC ("Freeport") is a wholly owned subsidiary of Freeport Minerals Corporation, which in turn is a wholly owned subsidiary of Freeport-McMoRan Copper & Gold Inc. ("FCX").
Under the agreement, after conducting additional due diligence about SPS over the next year, Freeport has the right to earn an initial 55% interest in SPS by providing funds to SPS to complete three staged investigation and work programs totaling US$38,600,000 in project funding. During these stages, Freeport provides funding to SPS for property maintenance, G&A, environmental compliance and, in later stages, exploration. Freeport can earn a further 20% interest in SPS (increasing its holding to 75%) should it elect to fund SPS with a further US$100,000,000 of spending, or complete a feasibility study, whichever comes first.
Quaterra President and CEO Steven Dischler says, "The agreement with Freeport provides Quaterra with the ability of retaining, at no cost to it, a 25% interest in what is potentially a large and attractive district-scale copper asset."
Agreement Details
Within the first 12-month stage of the agreement, Freeport must provide SPS US$2,500,000 for land, water and mineral rights title acquisitions and maintenance costs; G&A; and compliance with environmental laws. Freeport can terminate the agreement within the first stage of the agreement at its discretion, with the US$2,500,000 being a firm commitment. Freeport can extend stage one of the agreement for up to a further 12 months upon payment of US$1,250,000 for each six month extension.
In order for the second stage of the agreement to commence, Freeport must commit to fund US$6,100,000 over the ensuing post-stage one 12 month period for property maintenance costs; G&A; environmental compliance; and exploration of the property. During the 24 month third stage of the agreement Freeport may fund up to US$30,000,000 for exploration of the property; property maintenance costs; G&A; and environmental compliance. If Freeport completes the stage three funding it will have invested approximately US$40,000,000 in the Yerington Project and will have earned the right to own a 55% interest in SPS.
If Freeport chooses to proceed beyond Stage 3, it can elect to fund a further US$100,000,000, or fund the costs of completion of a feasibility study, to earn an additional 20% interest for a total 75% interest in SPS. Alternatively, Freeport can choose to fund with Quaterra, proportional to their 55% and 45% working interests.
At any time when the parties are proportionally funding their share of costs, and before an affirmative decision to begin production, a non-funding party will suffer ordinary dilution. Should either party's interest fall below 10%, it will be converted into a 1% NSR royalty. After a production decision, a non-funding party will dilute to a 1% NSR royalty.
"We believe this is a very significant opportunity for Quaterra," says Dr. Thomas Patton, Chairman of Quaterra. "The agreement provides Quaterra's shareholders with the funding to advance a major copper district."
The Yerington Project consists of the Yerington pit and surrounding areas, MacArthur oxide and sulfide deposits, water rights and other district prospects, all of which have the potential to be transformed into a large-scale, long-life copper mining operation. It is situated in a mining-friendly district with excellent infrastructure and valuable water rights.
Conference Call
Quaterra will host a conference call on Tuesday, June 17, 2014 at 1:30 pm Pacific Time (4:30 pm Eastern Time) to discuss today's release of the membership interest option agreement between Freeport and the Company, Quaterra Alaska and SPS for exploration and development of the Yerington Project.
The Company will also answer questions at the end of the formal portion of the call. For toll free dial-in from Canada and U.S. please call 1-800-319-4610, from Vancouver call 604-638-5340 and from outside of Canada and the U.S. call 1-604-638-5340. Callers should dial in five to 10 minutes prior to the scheduled start time and simply ask to join the call.
About Quaterra Resources Inc.
Quaterra Resources Inc. (TSX-VENTURE:QTA)(OTCQX:QTRRF) is a junior exploration and development company with a successful track record of making significant mineral discoveries in North America. The Company's primary objective is the advancement of its flagship projects in the Yerington copper district, Nevada.