Quaterra (QTA) has strengthened its management team with the addition of a new President and a new CEO.
Travis Naugle, Quaterra's new CEO, is a seasoned executive and officer in gold, copper and strategic & critical metals mining companies. He has led in the design, construction and operation of mining projects in the U.S., Eurasia, Russia and Asia.
His track record includes a focus on environmental and sustainability initiatives in collaboration with local and indigenous peoples, numerous asset- and company-level transactions, negotiating international joint ventures and securing a bilateral mining treaty between two sovereign nations.
Stephen Goodman, Quaterra's new President, has been involved as a senior executive, director and investment banker in several hundred million dollars worth of acquisition, exploration and production financings for mining companies listed on the CSE and TSXV.
Tom Patton, Quaterra's Chairman, commented,
"These appointments underscore Quaterra's resolve to move the MacArthur oxide copper deposit toward production as quickly as possible. Travis and Stephen will work collaboratively to complete a prefeasibility study, and with favorable results, to advance the financing and development of a mine."
Quaterra began a 7,000-10,000-foot core drilling program at MacArthur on May 4, 2021.
The company estimates that the prefeasibility study will require 12-15 months and US$3.5-$4 million in expenditures.
Quaterra Resources is a copper-gold exploration company focused on projects with the potential to host large-scale mineral deposits attractive to major mining companies.
Quaterra (QTA) is up by 13.79 per cent and is currently trading at $0.165 per share as of 2:16 pm ET.