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Quaterra Announces the Advancement of the MacArthur Copper Oxide Project with Key Appointment and Metallurgical Progress

Quaterra Announces the Advancement of the MacArthur Copper Oxide Project with Key Appointment and Metallurgical Progress
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Quaterra Provides Update on Water Rights

Quaterra Provides Update on Water Rights
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Nevada deferral of Anaconda Superfund site speeds cleanup progress

Nevada deferral of Anaconda Superfund site speeds cleanup progress
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Quaterra Resources Inc.: Quaterra Enters into Agreement to Sell Certain Yerington Water Rights for US$2.91 Million

(1)
Vancouver, British Columbia (Newsfile Corp. - February 24, 2021) - Quaterra Resources Inc. (TSXV: QTA) (OTCQB: QTRRF) today announced its wholly-owned subsidiary Singatse Peak Services LLC ( SPS ) has entered into a purchase and sale agreement to sell certain primary ground water rights associated with its copper property in Yerington, Nevada, to Desert Pearl Farms LLC ( Desert Pearl ), a Yerington-based company involved in agriculture in the district, for US$2.91 million.
Desert Pearl has paid an initial $1 million on signing into escrow which will be released to Quaterra once the application for change is submitted to the State of Nevada Division of Water Resources (NDWR). These funds will be available to Quaterra for corporate use. The balance of funds of $1.91 million will be paid when the deal closes and the NDWR approves an application to change the manner of use of the water rights from mining to agriculture, their place of use and when title is transferred to D ....

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