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Quarterra Resources Inc. President's Year-End Letter to Shareholders
Vancouver, British Columbia--(Newsfile Corp. - May 19, 2020) - Quarterra Resources Inc. (TSXV:...
About this update from Lion Copper And Gold Corp
[{"type":"text","content":"Quarterra Resources Inc. President's Year-End Letter to ShareholdersVancouver, British Columbia--(Newsfile Corp. - May 19, 2020) - Quarterra Resources Inc. (TSXV: QTA) (OTCQB: QTRRF), is pleased to release the following corporate update in the form of an open letter from CEO Gerald Prosalendis to all stakeholders:Dear Fellow ShareholdersIt has been just over a year since my previous letter to you all. Since then we have been active and have made considerable progress on a number of fronts. As things stand today, I am happy to report that we are in a fortunate position, especially when compared with some of our peers. Quaterra's projects can be advanced in ways that are simultaneously significant and cost effective, and we have the funds to do so. This is an important competitive advantage given the uncertainty surrounding the exploration sector and financial markets. And for the moment we should be well placed to move forward despite disruptions of lower commodity prices and the current COVID-19 pandemic. Unfortunately, our share price performance has not matched our progress over the past year. While this reflects a general malaise common to many exploration companies, we intend stepping up efforts to communicate our advantages relative to our peer group in order to close any gap between what we are actually achieving and what the market perceives to be our progress. Yerington, NevadaFirstly, I would like to update you on the situation in Yerington, Nevada. We are closely following developments that have the potential to create a new copper mining camp and the possible consolidation of the Yerington district. Our 52-square-mile land position encompasses a portfolio of assets situated in one of the world's best jurisdictions for mining. By being proactive we aim to secure a place at the table in the event of district-wide development. With prospects for near-term production at the MacArthur oxide deposit, substantial mineral resources at the Yerington pit, valuable water rights already permitted for mining, additional water rights associated with options on private land, the unexplored potential of the property (particularly the large Bear porphyry system), a central location, and access to well-developed infrastructure we believe Quaterra will necessarily form a key component of any moves to district consolidation.Meanwhil...