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In a letter from its president, Quaterra Resources (TSXV:QTA,OTCMKTS:QTRRF,FWB:QR2) today provided an update on its progress in terms of its financial efforts and its sharpened focus on its Yerington assets in Nevada.
As quoted in the press release:
After a year of restructuring, Quaterra is now positioned as a junior copper explorer/developer focused on advancing our key asset at Yerington. We have secured additional working capital through the sale of assets and we have a significant U.S.-based copper asset at Yerington, Nevada, with potential to be transformed into a large-scale, long life copper mining operation.
Quatera president and CEO, Steven Dischler, also said in the letter:
We believe the Yerington, Nevada, copper camp is located in one of the world’s most attractive mining jurisdictions. Our Yerington assets include 100% ownership in the Yerington, Bear and MacArthur porphyry copper deposits as well as numerous prospective and untested exploration targets. The value of these assets is enhanced by substantial existing infrastructure, owned water rights that are permitted for mining and broad-based community support.
Click here to read the Quaterra Resources (TSXV:QTA,OTCMKTS:QTRRF,FWB:QR2) press release
Click here to see the Quaterra Resources (TSXV:QTA,OTCMKTS:QTRRF,FWB:QR2) profile.