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Quaterra Resources Inc. is a mining exploration and development company focused on advancing its key copper assets in Yerington, Nevada, a jurisdiction attractive to mining with low political risk. The company's Yerington projects have good existing infrastructure, valuable water rights, community support and significant exploration upside. The properties have the potential to be transformed into a district-scale, long-life copper mining operation. In June 2014, Quaterra, and its wholly owned subsidiary Singatse Peak Services LLC (SPS), entered into an option agreement with Freeport Nevada LLC. SPS intends to use proceeds from the agreement to explore and develop its Yerington assets.