Quaterra Resources Inc. is a mining exploration and development company focused on advancing its key copper assets in Yerington, Nevada. Quaterra’s Yerington projects have good existing infrastructure, valuable water rights, community support and significant exploration upside. They have the potential to be transformed into a district-scale, long-life copper mining operation.
Learn more about our company and view a complete flyover of our Yerington assets.
Quaterra has the opportunity to bring the large, historic Yerington copper mining district back into production.
The Company has 100%-ownership in three partially defined porphyry copper deposits in one of the world's most attractive mining jurisdictions.
Potentially significant copper resources, valuable water rights, a favorable mining jurisdiction and attractive, untested exploration upside all contribute to enhancing project value.
Quaterra has an experienced exploration and development team with established relationships with major mining companies.
Quaterra has an earn-in agreement with Freeport Nevada giving Freeport the option to spend US$138 million for a 75% interest in the Yerington assets. The company has secured additional working capital from the sale of non-core assets.
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That’s the motto of Yerington, Nevada, and it is a fitting one at that.
We have an option agreement that allows Freeport-McMoRan Nevada LLC to earn a 55% to 80% interest by spending between $38 million and $388 million on exploration, depending on various options available to both parties.