![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Monday, January 22, 2018 11:01:17 PM
The Company has been dependent on funding from Freeport Nevada and sale proceeds of its non-core assets in the last few years. With the option agreement with Freeport Nevada now terminated, the Company will have to raise funds by the issuance of its common shares or entering partnering or joint venture arrangements. As at November 9, 2017, the Company has cash on hand of approximately $1.9 million
On September 13, 2017, the Company announced that Freeport Nevada had terminated its option to acquire an interest in the Company’s Yerington Copper Project. From June 2014 to September 2017, Freeport Nevada
had provided $14.54 million in funds to Quaterra subsidiary SPS in terms of the agreement. SPS used the funds for exploration including drilling, geophysical surveys, geologic mapping as well as land, water and minerals
rights maintenance, compliance with environmental law and general administrative expenditures.
and they have money due (selling stock to pay it seems)
Following the termination of the Freeport Nevada option agreement, the 0.5 million loan will be due by March 10, 2018, and with interest will amount to approximately $0.58 million.
Anybody know what the business plan is other than drilling a couple holes here and there?
https://www.quaterra.com/wp-content/uploads/2017_q3_mda.pdf
Recent LCGMF News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 10:34:06 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 06/07/2024 09:09:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 09:07:59 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/07/2024 01:04:50 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 12:42:11 AM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 05/30/2024 10:42:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/30/2024 12:55:15 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 06:43:08 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM