Quaterra Resources Announces Closing of Oversubscribed Private Placement and Option to Acquire B.C. Mining Properties
Vancouver, British Columbia--(Newsfile Corp. - October 21, 2021) - Quaterra Resources Inc. (TSXV: QTA) (OTCQB: QTRRF) the "Company") is pleased to announce that it has completed an oversubscribed third and final tranche of its previously announced non-brokered private placement (the "Private Placement"). Proceeds will be used to advance the Company's assets, primarily its MacArthur copper oxide project in Nevada, and general working capital. Pursuant to the closing of the third tranche, the...
2021-10-21 4:02 PM EDT
Quaterra Resources Announces Additional Increase to Private Placement
Vancouver, British Columbia--(Newsfile Corp. - October 18, 2021) - Quaterra Resources Inc. (TSXV: QTA) (OTCQB: QTRRF) (the "Company") is pleased to announce due to ongoing strong demand it has again increased the amount being offered pursuant to its previously announced private placement to up to 66,666,666 units ("Units") at a price of US$0.06 (C$0.075) per Unit for gross proceeds of up to US$4,000,000 (C$5,000,000) (the "Private Placement"). The Company has raised US$2,338,170 (C$2,922,713)...
2021-10-18 4:38 PM EDT
Quaterra Resources Announces Positive Assay Results at MacArthur Copper Project, Nevada and Potential for Resource Expansion
Vancouver, British Columbia--(Newsfile Corp. - October 6, 2021) - Quaterra Resources Inc. (TSXV: QTA) (OTCQB: QTRRF) (the "Company") today announced positive results from a ten-hole core drilling program totaling 5,147 feet (1,569 meters) that was recently completed. The ten-hole program was designed to assess the likelihood that further drilling would upgrade portions of the resource from Inferred to Indicated and expand the overall size of the current resource. Mr. Travis Naugle, CEO...
2021-10-06 9:00 AM EDT
Quaterra Resources Closes Second Tranche of Oversubscribed Private Placement, Increases Private Placement and Announces Grant of Options
Vancouver, British Columbia--(Newsfile Corp. - September 27, 2021) - Quaterra Resources Inc. (TSXV: QTA) (OTCQB: QTRRF) (the "Company") is pleased to announce that it has completed an oversubscribed second tranche of its previously announced non-brokered private placement (the "Private Placement"). Stephen Goodman, President states that, "The Company appreciates the support of existing shareholders and insiders, and welcomes our new investors." Proceeds will be used to advance the company's...
2021-09-27 5:42 PM EDT
Quaterra Resources Completes US$1.5 Million First Tranche of Private Placement and Appoints New Board Members
Vancouver, British Columbia--(Newsfile Corp. - September 13, 2021) - Quaterra Resources Inc. (TSXV: QTA) (OTCQB: QTRRF) (the "Company") is pleased to announce that it has completed the first tranche of its previously announced non-brokered private placement (the "Private Placement"). Pursuant to the first tranche, the Company has issued 26,105,833 units ("Units") at a price of US$0.06 (C$0.075) per Unit for gross proceeds of US$1,566,350 (C$1,957,937). Each Unit consists of one common share...
2021-09-13 3:29 PM EDT
Quaterra Announces the Advancement of the MacArthur Copper Oxide Project with Key Appointment and Metallurgical Progress
Vancouver, British Columbia--(Newsfile Corp. - August 24, 2021) - Quaterra Resources Inc. (TSXV: QTA) ("Quaterra" or the "Company") is pleased to announce the appointment of Mr. Nicholas Lewallen, P.E. as Director of Projects for the Company. Mr. Lewallen is a projects and construction professional with extensive experience advancing mining projects through to production in both domestic and international jurisdictions. Mr. Lewallen is a licensed Professional Engineer and holds a civil...
2021-08-24 9:00 AM EDT
Quaterra Provides Update on Water Rights
Vancouver, British Columbia--(Newsfile Corp. - July 26, 2021) - Quaterra Resources Inc. (TSXV: QTA) ("Quaterra" or the "Company") announces that on July 23, 2021 it received notice from the State of Nevada that the State has not approved extensions of three water rights permits purchased by its subsidiary, Singatse Peak Services, LLC ("SPS") in 2011. The State also advised that a fourth permit would not be extended after a period of an additional year. Prior to the notice, the Company...
2021-07-26 9:00 AM EDT
Quaterra Announces AGM Results, Appointment of Travis Naugle to the Board of Directors, and Drilling Update on MacArthur Copper Project in Nevada
Vancouver, British Columbia--(Newsfile Corp. - June 18, 2021) - Quaterra Resources Inc. (OTCQB: QTRRF) (TSXV: QTA) ("Quaterra" or the "Company") is pleased to announce that all resolutions set out in the Company's notice of meeting and information circular were passed by shareholders at the Company's Annual General Meeting held on June 17, 2021. A total of 80,209,430 common shares were represented at the meeting representing 35.94% of the Company's outstanding common shares. At the meeting,...
2021-06-18 9:30 AM EDT
Quaterra Strengthens Management Team with Additions of CEO and President
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2021) - Quaterra Resources Inc. (OTCQB: QTRRF) (TSXV: QTA) ("Quaterra" or the "Company") has announced the appointment, effective immediately, of Mr. Travis Naugle as CEO and Mr. Stephen Goodman as President. Mr. Naugle is a seasoned executive and officer in gold, copper and strategic & critical metals mining companies. He has led in the design, construction, and operation of mining projects in the U.S., Eurasia, Russia, and Asia. His...
2021-05-13 9:30 AM EDT
Quaterra's Previously Announced Drill Program Now Underway at MacArthur Copper Oxide Property
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2021) - Quaterra Resources Inc. (OTCQB: QTRRF) (TSXV: QTA) ("Quaterra" or the "Company") 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,...
2021-05-07 9:30 AM EDT
Quaterra Announces Drill Program at MacArthur Copper Oxide Property: Core Drilling to Begin in Early May
Vancouver, British Columbia--(Newsfile Corp. - April 20, 2021) - Quaterra Resources Inc. (OTCQB: QTRRF) (TSXV: QTA) ("Quaterra" or the "Company") 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...
2021-04-20 9:30 AM EDT
Quaterra Enters into Agreement to Sell Certain Yerington Water Rights for US$2.91 Million
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2021) - Quaterra Resources Inc. (TSXV: QTA) (OTCQB: QTRRF) today announced its wholly-owned subsidiary Singatse Peak Services LLC ("SPS") 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 ("Desert Pearl"), a Yerington-based company involved in agriculture in the district, for US$2.91 million. Desert Pearl has...
2021-02-24 9:30 AM EST
Quaterra Announces Resignation of President and CEO
Vancouver, British Columbia--(Newsfile Corp. - February 2, 2021) - Quaterra Resources Inc. (OTCQB: QTRRF) (TSXV: QTA) ("Quaterra" or the "Company") 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...
2021-02-02 9:30 AM EST
Quaterra Private Placement Withdrawn, Subscriptions Returned
Vancouver, British Columbia--(Newsfile Corp. - December 23, 2020) - Quaterra Resources Inc. (TSXV: QTA) (OTCQB: QTRRF) ("Quaterra" or the "Company") 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...
2020-12-23 9:30 AM EST
Quaterra to Extend and Amend Previously Announced Private Placement
Vancouver, British Columbia--(Newsfile Corp. - November 9, 2020) - Quaterra Resources Inc. (TSXV: QTA) (OTCQB: QTRRF) ("Quaterra" or the "Company") 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...
2020-11-09 9:30 AM EST
Quaterra Announces C$3 Million Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - September 23, 2020) - Quaterra Resources Inc. (TSXV: QTA) ("Quaterra" or the "Company") 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...
2020-09-23 9:30 AM EDT
Quaterra Announces Conversion of Convertible Debentures and Repayment of Principal
Vancouver, British Columbia--(Newsfile Corp. - August 31, 2020) - Quaterra Resources Inc. (TSXV: QTA) (OTCQX: QTRRF) (the "Company") 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...
2020-08-31 8:30 AM EDT
Quaterra Closes Last of Two Sales of Water Rights in Yerington, Nevada, for $673,128
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2020) - Quaterra Resources Inc. (TSXV: QTA) (OTCQB: QTRRF) today announced its wholly-owned subsidiary Singatse Peak Services LLC ("SPS") 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...
2020-07-28 8:00 AM EDT
Quaterra Closes First of Two Sales of Water Rights in Yerington, Nevada, for $1.19 Million
Vancouver, British Columbia--(Newsfile Corp. - July 9, 2020) - Quaterra Resources Inc. (TSXV: QTA) (OTCQB: QTRRF) today announced its wholly-owned subsidiary Singatse Peak Services LLC ("SPS") 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...
2020-07-09 12:33 PM EDT
Quaterra Announces AGM Results
Vancouver, British Columbia--(Newsfile Corp. - June 30, 2020) - Quaterra Resources Inc. (TSXV: QTA) (OTCQB: QTRRF) ("Quaterra" or "the Company") 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...
2020-06-30 5:17 PM EDT