Quaterra Resources Inc. operates as a junior exploration company in North America. It uses in-house expertise, as well as its network of consultants, prospectors, and industry contacts to identify, acquire, and evaluate prospects in mining-friendly jurisdictions with the potential to host base metal, precious metal, or uranium deposits. The company focuses on precious metals and base metals in Mexico and the western United States. Its principal properties in Mexico include Nieves silver property located in northern Zacatecas; the Mirasol and Americas projects located in the municipality of Simon Bolivar, Durango; and the Yerington Porphyry Copper Mine in Neveda. The company was formerly known as Aquaterre Mineral Development Ltd. and changed its name to Quaterra Resources Inc. in October 1997. Quaterra Resources Inc. was incorporated in 1993 and is headquartered in Vancouver, Canada.