RE:Lion Copper and Gold, next property to NCU Interesting that this company was Quaterra . I wonder if this new tech to extract copper from tailings requires any amount of water. They lost the water rights according to this news release. NCU has water to pump over to them :) Perfect marriage maybe?
https://quaterra.com/2021/07/quaterra-provides-update-on-water-rights/
Quaterra Resources Inc. (“Quaterra” or the “Company”) announces that on July 23, 2021 it received notice from the State of Nevada that the State has not approved extensions of three water rights permits purchased by its subsidiary, Singatse Peak Services, LLC (“SPS”) in 2011. The State also advised that a fourth permit would not be extended after a period of an additional year. Prior to the notice, the Company believed it held a total of seven water rights permits providing for usage of approximately 6,014 acre-feet of water annually for mining and milling purposes in Yerington, Nevada.
The four permits in question were extended regularly by the State during the period 2011 through 2020. The notice from the State was in response to the Company’s extension application filed in November of 2020. The basis for not granting a renewal of the permits included increased demand on the available water from other users, and non-use of the water by the Company for mining and milling purposes since 2011.
During this same period, the company invested into exploration of the Yerington copper properties to better assess their potential for development. The Company reiterates its commitment to the development of the MacArthur oxide copper project, noting that the pre-feasibility drilling program (see News Release of May 7, 2021 for details) is ongoing, with drilling to date of 9,633 feet.
The Company has the right to appeal the State’s decision within 30 days from the date of the notice and has retained legal counsel to initiate and vigorously undertake the appeal process.
The Company is considering the implications of the State notice on its ongoing advancement of the MacArthur copper oxide project, and on the prior sales of a portion of the permitted water rights.
westcoast1000 wrote: This information is from Simply Wall St.
Lion Copper and Gold changed its name in September of 2021 after selling 25 million units (share and a warrant) in August 2021. The founder, Thomas Patton, is the founder and former CEO, and was formerly with Rio Tinto and Kennekott.
Here are the two major owners:
Director and Owner of 35 million shares or 11.75 percent of the company
Mr. Tony L. Alford is Chairman of the Board of Directors at Amazing Energy Oil and Gas, Co since September 2018. Mr. Alford serves as a Director at Lion Copper and Gold Corp. (formerly known as Quaterra Resources Inc.), since September 2021. He founded PBA Consultants Inc. in April 1996 and has been its President since its inception. Mr. Alford founded Alford & Associates Inc. in 1993 and has been its Chief Executive Officer since inception. He has over thirty years of executive leadership. He was Director of Amazing Energy Oil and Gas, Co. since May 14, 2015 until September 2018. He serves as a Director of Wachovia Bank of NC, a Wells Fargo Bank of NC and several non profit organizations. He served as a Director of Revett Mining Company, Inc. from June 16, 2009 to June 16, 2010. He served as a Director of Revett Minerals Inc. from June 16, 2009 to 2010. Mr. Alford attended Elon College in North Carolina and Liberty University, in Virginia where he studied Business Management and Marketing.
Founder and Board Chair, Owner of 8 million shares or 2.67 percent of the company
Dr. Thomas C. Patton, also known as Tom, B.Sc., M.Sc., Ph.D., P. Geo., has been the Chairman and Director of Lion Copper and Gold Corp. (formerly known as Quaterra Resources Inc.) since July 31, 2013 and since November 6, 1998 respectively. Dr. Patton served as Interim President & Chief Executive Officer of Lion Copper and Gold Corp. (formerly known as Quaterra Resources Inc.) since February 1, 2021 until May 2021. Dr. Patton is Founder of Lion Copper and Gold Corp. (formerly known as Quaterra Resources Inc.) He previously served as the Chief Executive Officer of Lion Copper and Gold Corp. (formerly known as Quaterra Resources Inc.) since September 02, 2015 and served as its and President since September 02, 2015 until April 14, 2016. Dr. Patton serves as the Chief Executive officer and President of Singatse Peak Services, LLC. Dr. Patton previously served as the Chief Executive Officer and President of Lion Copper and Gold Corp. (formerly known as Quaterra Resources Inc.) until July 31, 2013. He served as a Consultant of Fortune River Resource Corp. since January 7, 2009. He served as President and Chief Operating Officer of Western Silver Corp. from 1998 to May 2006. He held senior positions at Rio Tinto Mining and Exploration and Kennecott Corporation, where he served as Senior Vice President of Exploration and Business Development. He serves as a Director at Manex Resource Group Inc. He served as a Director of Fortune River Resource Corp. from February 2000 to January 7, 2009. He served as a Director of Southern Silver Exploration Corp. from February 2000 to January 7, 2009. Dr. Patton served as a Director of Western Silver Corp. since January 1, 1998 and Calais Resources Inc. from June 2000 to November 11, 2003. He served as a Director of Universal Wing Technologies Inc. (Formerly Austin Developments Corp.) since December 9, 2002. He serves as Member of the Society of Economic Geologists and the American Institute of Mining & Metallurgical Engineers. Dr. Patton holds Ph.D. from the University of Washington in 1971.