qtrrf stock

Quaterra Announces AGM Results, Appointment of Travis Naugle to the Board of Directors, and Drilling Update on MacArthur Copper Project in Nevada

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, shareholders approved the appointment of PricewaterhouseCoopers LLP as auditors of the Company for the ensuing year. In addition, shareholders ratified the Company's 10% rolling stock option plan, and the Company's Shareholder Rights Plan. A copy of the Shareholder Rights Plan is available under the Company's profile on SEDAR at www.sedar.com. The Shareholder Right's Plan has been approved by the TSX Venture Exchange and requires ratification by shareholder resolution every three years.

At the meeting, shareholders also re-elected the following four directors: Thomas Patton, John Kerr, LeRoy Wilkes and Terry Eyton. Following the shareholder meeting, the board of directors appointed Travis Naugle as an additional director, and reappointed the following officers: Thomas Patton as Chairman, Travis Naugle as CEO, Stephen Goodman as President, Lei Wang as CFO and Lawrence Page, Q.C. as Corporate Secretary.

The Company also announces that it has granted 4,950,000 incentive stock options to directors, officers, employees and consultants pursuant to the Company's stock option plan. The options are exercisable at a price of $0.245 per share for a period of five years.

Drilling Update at MacArthur

On May 4, 2021 Quaterra began a 7,000 ft to 10,000 ft core drilling program at the MacArthur copper project (see News Release of May 7, 2021 for details). As of June 15, 2021 a total of 4,618 ft has been drilled with initial assay results from Skyline Assayers & Laboratories expected in July. The focus of the drill program is to provide additional data required to complete a prefeasibility study on the project including representative metallurgical samples.

About Quaterra Resources Inc.

Quaterra Resources Inc. is a copper-gold exploration company focused on projects with the potential to host large-scale mineral deposits attractive to major mining companies. It is advancing its Yerington copper project in the historic Yerington Copper District, Nevada. It continues to investigate opportunities to acquire prospects in North America on reasonable terms and the partnerships with which to advance them.

On behalf of the Board of Directors,
Stephen Goodman
President

For more information please contact:

Karen Robertson
Corporate Communications
778-898-0057

Jay Oness
Investor Relations
604-808-9479

Email: info@quaterra.com
Website: www.quaterra.com

Some statements in this news release are forward-looking statements under applicable United States and Canadian laws. These statements are subject to risks and uncertainties which may cause results to differ materially from those expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. The Company does not undertake to update any forward-looking statement that may be made from time to time except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88004

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Australian flag and money.

Pan Asia Metals Secures AU$35 Million, Plans Rebrand as Flagship Minerals

Singapore battery and critical metals explorer and developer Pan Asia Metals (PAM) (ASX:PAM) has entered a binding capital commitment agreement with New York based Global Emerging Markets (GEM) Group to secure up to AU$35 million in funding.

GEM is a US$3.4 billion alternative investment group focused on emerging markets. It has completed over 570 transactions in 70 countries.

In a press release, PAM said the agreement, on which it had been working with GEM for several months, "provides (the company) a pathway to Resource definition and pre-feasibility at both the Rosario Copper and Tama Atacama Lithium projects."

Keep reading...Show less
Impact Minerals

Burrendong Minerals Limited IPO

Impact Minerals Limited (ASX:IPT) is pleased to announce that the Prospectus for an Initial Public Offering of Burrendong Minerals Limited (proposed ASX code: BIG) is now available at the following page on Impact’s InvestorHub:

https://impactminerals.com.au/burrendong-priority-offer and at https://www.burrendongminerals.com.au/

Keep reading...Show less
Vancouver with a push pin on map.

British Columbia Creates New Ministries for Energy and Mining

British Columbia (BC) has introduced two new ministries designed to focus on advancing its goals for clean energy and critical mineral development.

Premier David Eby announced on November 18 the restructuring of the former Ministry of Energy, Mines, and Low Carbon Innovation, which will now be split into the Ministry of Energy and Climate Solutions and the Ministry of Mining and Critical Minerals.

The changes reflect the province's commitment to addressing climate change and seizing opportunities in critical mineral production to support the global energy transition.

Keep reading...Show less
Many small beige wooden figures stand surrounding one red figure laying on its side.

Rio Tinto's Ongoing Fight Against Workplace Harassment

Rio Tinto's (ASX:RIO,NYSE:RIO,LSE:RIO) latest review on workplace culture has revealed an increase in reports of harassment and bullying across its global operations, highlighting challenges in the company’s ongoing efforts to implement cultural reforms.

The findings of the 2024 Everyday Respect report, part of a two-year external Progress Review led by former Australian Sex Discrimination Commissioner Elizabeth Broderick following the first Everyday Respect Report, draw attention to the broader complexities of achieving cultural change in a diverse and global organization.

The review incorporated extensive feedback, with over 11,600 contributions from employees and contractors globally. Broderick's team conducted surveys, listening sessions and site visits across Rio Tinto’s operations in countries such as Mongolia, Canada, the United States, New Zealand and Australia.

Keep reading...Show less
Impact Minerals

Impact Receives $512,000 from Research and Development Rebate

Impact Minerals Limited (ASX:IPT) is pleased to announce that it has received a rebate of $512,000 before costs from the Research and Development Tax Incentive scheme for the financial year ending June 2024.

Keep reading...Show less

Latest Press Releases

Related News

×