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Last C$0.09 CAD
Change Today +0.01 / 12.50%
Volume 55.5K
As of 3:44 PM 10/5/15 All times are local (Market data is delayed by at least 15 minutes).

quaterra resources inc (QTA) Snapshot

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07/15/15 - C$0.14
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quaterra resources inc (QTA) Details

Quaterra Resources Inc., a junior exploration and development company, explores for and develops mineral properties in Mexico and the United States. The company primarily explores for copper, gold, and silver. It principally holds interests in the MacArthur property covering an area of approximately 18,533 acres; the Yerington copper project totaling an area of 4,153 acres; the Bear deposit comprising an area of 1,305 acres; and the Wassuk copper project located in Nevada. The company was formerly known as Aquaterre Mineral Development Ltd. and changed its name to Quaterra Resources Inc. in October 1997. Quaterra Resources Inc. was incorporated in 1993 and is headquartered in Vancouver, Canada.

8 Employees
Last Reported Date: 03/31/15
Founded in 1993

quaterra resources inc (QTA) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: C$165.7K
Chief Financial Officer
Total Annual Compensation: C$150.0K
Compensation as of Fiscal Year 2014.

quaterra resources inc (QTA) Key Developments

Quaterra Resources Inc. Announces Management Changes

Quaterra Resources Inc. announced that Steven Dischler has resigned as President and CEO and as a director of the company for personal reasons. Thomas Patton, Chairman of the Board of Directors, will assume the role of President and CEO of the Company. Mr. Dischler will assist in a smooth transition and will have an ongoing relationship with the Company advising on issues of government and community relations, environmental management and permitting.

Quaterra Resources Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015

Quaterra Resources Inc. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net loss was $2,209,787 or $0.01 per basic and diluted share against $1,508,301 or $0.01 per basic and diluted share a year ago. Cash used in operating activities was $564,515 against $833,030 a year ago. Expenditures on mineral properties were $619,508 against $13,862 a year ago. For the six months, the company reported net loss for the period was $2,262,138 or $0.01 per basic and diluted share against $1,911,190 or $0.01 per basic diluted share a year ago. Cash used in operating activities was $1,104,599 against $1,354,863 a year ago. Expenditures on mineral properties were $1,046,429 against $320,934 a year ago.

Quaterra Resources and Singatse Peak Services LLC Announce Commencement of Drilling at Bear Copper Deposit, Yerington, Nevada

Quaterra Resources Inc. and its subsidiary Singatse Peak Services LLC announced that exploration drilling has commenced at the Bear deposit, a large porphyry copper system located on the Company’s 51-square-mile property in the historic Yerington Copper District of Nevada. The 22,500-foot, five- to seven-hole drill campaign follows an announcement on June 15, 2015, that SPS intends using $7.1 million in option payments by Freeport-McMoRan Nevada LLC (Freeport Nevada) to explore and define the Bear deposit. Freeport Nevada is a wholly owned subsidiary of Freeport Minerals Corporation, which in turn is a wholly owned subsidiary of Freeport-McMoRan Inc. Boart Longyear has been selected as the drill contractor. Each hole will include Rotosonic drilling to bedrock followed by coring to total depth. Drill results will be released starting before the end of the year. Drilling is expected to be completed by the end of the first quarter of 2016. Quaterra has also performed a magneto telluric (MT) geophysical survey over the Bear target area, consisting of 108 stations at 250 meter spacing. Data processing is in progress. It is anticipated that the MT survey may assist in the detection of major fault structures, intrusive rock types and alteration patterns, all of which may be used to gain a better understanding of the Bear deposit, and to assist in drill site selection. The Bear deposit was explored forty to fifty years ago by two major companies. Quaterra has consolidated key acreage covering the area of the Bear deposit and has compiled data from 125,000 feet of historic drilling in 49 drill holes that indicate the deposit is still underexplored and open in several directions.


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