Cahuilla is a fragmented gold-silver property in Imperial County. Teras lost its right to explore a significant sovereign-land portion when a key lease expired in August 2021 and fully impaired the asset in fiscal 2022. It subsequently sold all subsurface mineral rights to wholly owned Parcels 45 and 46 to NatBridge and entered preliminary arrangements covering additional deeded parcels. A lender also held an 8.75% non-working project interest in the latest audited filing, so no single current Teras ownership percentage is stated.
- Country
- United States
- Commodity
- Au
- Stage
- Exploration