Lion Copper Corp (LCGMF) 6-K, filed May 8, 2020

UNITED STATESSECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May, 2020

Commission File Number: 0-55139

QUATERRA RESOURCES INC. (Translation of registrant's name into English)

1100-1199 West Hastings StreetVancouver, BC V6E 3T5 Canada (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

[ x ] Form 20-F [ ] Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]

SUBMITTED HEREWITH

Exhibits

Exhibit	Description
99.1	Condensed Interim Consolidated Financial Statements for the three months ended March 31, 2020
99.2	Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2020
99.3	Certification of CEO
99.4	Certification of CFO

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	QUATERRA RESOURCES INC.
	(Registrant)
Date: May 7, 2020	By:	/s/ Lei Wang
		Lei Wang
	Title:	Chief Financial Officer

Quaterra Resources Inc.: Exhibit 99.1 - Filed by newsfilecorp.com

(An Exploration Stage Company)

Condensed Interim Consolidated Financial Statements

March 31, 2020

(Unaudited - in U.S. Dollars)

Notice to Reader:

The Company's independent auditor has not reviewed these condensed interim consolidated financial statements. These statements have been prepared by and are the responsibility of the Company's management. This notice is being provided under National Instrument 51-102 - Continuous Disclosure Obligations.

Quaterra Resources Inc.

Condensed Interim Consolidated Statements of Financial Position

(Unaudited-in thousands of U.S. Dollars)

	Note		March 31, 2020			December 31, 2019
Assets	****
Current assets:
Cash and cash equivalents		$	1,412		$	1,812
Other receivables			4			3
Marketable securities	3		233			165
Prepaid and deposit			4			4
			1,653			1,984
Non-current assets:
Mineral properties	4		28,805			28,679
Reclamation bonds			34			34
			28,839			28,713
Total Assets	****	$	30,492		$	30,697
Liabilities	****
Current liabilities:
Accounts payable and accrued liabilities		$	109		$	112
Convertible notes	5		434			402
Derivative liabilities	6		105			150
			648			664
Non-current liability
Derivative liabilities	6		19			26
			19			26
Total Liabilities			667			690
Shareholders' Equity	****
Share capital			101,459			101,424
Contributed surplus			19,200			19,212
Deficit			(90,834	)		(90,629	)
****			29,825			30,007
Total Liabilities and Shareholders' Equity	****	$	30,492		$	30,697

See the accompanying notes to the condensed interim consolidated financial statements.

Approved on behalf of the Board of Directors on May 7, 2020:

/s/ "Thomas Patton"	/s/"Terrence Eyton"
Director	Director

Page 2 | 10

Quaterra Resources Inc. Condensed Interim Consolidated Statements of Loss and Comprehensive Loss (Unaudited- In thousands of U.S. Dollars, except for shares and per share amounts)

				Three months ended March 31,
		Note		2020			2019
General administrative expenses		****
	Consulting		$	-		$	29
	General office			9			15
	Insurance			-			2
	Investor relations and corporate development			17			107
	Professional fees			10			22
	Rent			29			38
	Salaries and benefits			204			217
	Transfer agent and regulatory			21			23
	Travel			13			4
****				(303	)		(457	)
Fair value gain (loss) on derivative liabilities		6		52			(321	)
Foreign exchange loss		****		(2	)		(10	)
Unrealized gain (loss) on marketable securities		3		68			(40	)
Interest expense and other		****		(16	)		(80	)
Share-based compensation		****		(4	)		-
				98			(451	)
Loss and comprehensive loss for the period			$	(205	)	$	(908	)
Loss per share - basic and diluted		****	$	(0.00	)	$	(0.00	)
Weighted average number of common shares outstanding		****		217,618,907			203,771,536

See the accompanying notes to the condensed interim consolidated financial statements.

Page 3 | 10

Quaterra Resources Inc. Condensed Interim Consolidated Statements of Cash Flow (Unaudited- In thousands of U.S. Dollars)

		Three months ended March 31,
		2020			2019
Operating activities
Net loss for the period	$	(205	)	$	(908	)
Items not involving cash:
Fair value (gain) loss on derivative liabilities		(52	)		321
Foreign exchange loss		‐			10
Interest and convertible accretion		32			77
Unrealized (gain) loss on marketable securities		(68	)		40
Share‐based compensation		4			‐
		(289	)		(460	)
Changes in non‐cash working capital
Other receivable		(1	)		(1	)
Accounts payable and accrued liabilities		(17	)		(208	)
		(307	)		(669	)
Financing activities
Shares issued for cash		19			132
Loan repayment		‐			(311	)
Related party loan payable		‐			(218	)
		19			(397	)
Investing activities
Expenditures on mineral properties		(112	)		(183	)
Net proceeds from water rights sale		‐			5,703
		(112	)		5,520
Effect of foreign exchange on cash		‐			4
Increase (decrease) in cash and cash equivalents		(400	)		4,458
Cash and cash equivalents, beginning of period		1,812			47
Cash and cash equivalents, end of period	$	1,412		$	4,505
Supplemental cash flow information
Exploration expenditures included in accounts payable	$	41		$	15

See the accompanying notes to the condensed interim consolidated financial statements.

Page 4 | 10

Quaterra Resources Inc. Condensed Consolidated Interim Statements of Changes in Equity (Unaudited - In thousands of U.S. Dollars, except for shares)

	Number of shares		Share capital		Contributed surplus			Deficit			Total Equity
Balance, December 31, 2018	200,969,314	$	100,729	$	18,820		$	(88,918	)	$	30,631
Shares issued for cash	3,000,000		113		-			-			113
Shares issued for stock options exercised	400,000		35		(16	)		-			19
Net loss for the period	-		-		-			(908	)		(908	)
Balance, March 31, 2019	204,369,314	$	100,877	$	18,804		$	(89,826	)	$	29,855
Balance, December 31, 2019	217,215,610	$	101,424	$	19,212		$	(90,629	)	$	30,007
Shares issued for stock options exercised	500,000		35		(16	)		-			19
Share-based compensation	-		-		4			-			4
Net loss for the period	-		-		-			(205	)		(205	)
Balance, March 31, 2020	217,715,610	$	101,459	$	19,200		$	(90,834	)	$	29,825

See the accompanying notes to the condensed interim consolidated financial statements.

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Quaterra Resources Inc. Notes to Condensed Interim Consolidated Financial StatementsFor the three months ended March 31, 2020(Unaudited - In U.S. Dollars; tabular amounts in thousands except for shares)

1. NATURE OF OPERATIONS AND LIQUIDITY RISK

Quaterra Resources Inc. (together with its subsidiaries, "Quaterra" or the "Company") is a copper exploration company working on its mineral properties located in Nevada and Alaska, United States. The Company is incorporated in British Columbia, Canada. Its head office is located at 1100 - 1199 West Hastings Street, Vancouver, British Columbia, Canada, V6E 3T5.

The Company acquires mineral properties by way of option or lease agreements and defers all acquisition, exploration and evaluation costs related to the properties. The underlying value of the amounts recorded as mineral properties does not reflect current or future values. The Company's continued existence is dependent upon the existence of economically recoverable mineral reserves and the ability of the Company to acquire new properties and obtain funding to complete the exploration activities.

These condensed consolidated financial statements are prepared on a going concern basis, which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business. As of March 31, 2020, the Company had working capital of $1,005,000, and along with the proceeds from its ongoing water rights sale, the Company believes that it has sufficient funds to sustain its operations for at least the next 12 months. However, as the impact of the COVID-19 outbreak is yet to be fully determined, it may have a material effect on the Company's financial position, results of operations and cash flow in future periods.

2. BASIS OF PRESENTATION AND ACCOUNTING POLICY CHANGE

a. Statement of compliance

These condensed interim consolidated financial statements have been prepared under International Accounting Standard 34, Interim Financial Reporting, using accounting policies consistent with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board. The Company's significant accounting policies and critical accounting estimates applied in these financial statements are consistent with those described in Note 2 of the Company's audited consolidated financial statements for the year ended December 31, 2019.

b. Accounting estimates and judgments

The preparation of the financial statements in conformity with IFRS requires management to make judgments, estimates, and assumptions that affect the application of policies, reported amounts and disclosures. Actual results could differ from those estimates. Differences may be material.

Judgment is required in assessing whether certain factors would be considered an indicator of impairment. Both internal and external information is considered to determine whether there is an indicator of impairment present and, accordingly, whether impairment testing is required.

3. MARKETABLE SECURITIES

The Company holds 1,942,795 common shares of Grande Portage Resources Ltd. with a market value of $232,801 (December 31, 2019 - $164,542). During the three months ended March 31, 2020, a $68,259 gain was recognized in the statement of loss and comprehensive loss.

Page 6 | 10

4. MINERAL PROPERTIES

The Company owns a 100% interest in the MacArthur and Yerington properties, has an option to earn a 100% interest in the Bear, Wassuk, and Butte Valley properties in Nevada, and a 90% interest in Groundhog property in Alaska.

On December 19, 2019, the Company announced two separate purchase and sale agreements to sell certain primary ground water rights to Desert Pearl and Desert Hills Dairy, LLC for $1,880,000, subject to relevant governmental approval.

As of March 31, 2020, total mineral property maintenance and exploration costs are listed in the table below:

(In thousands of U.S. Dollars)	****					****	Total
	MacArthur	Yerington	Bear	Wassuk	Groundhog	Butte Valley
Balance, December 31, 2019	18,504	5,187	1,267	1,215	2,320	186	28,679
Property maintenance	-	3	1	-	-	1	5
Geological & mapping	4	-	-	-	-	-	4
Environmental	-	50	-	-	-	-	50
Field support & overhead	-	3	-	-	6	-	9
Technical study	53	-	-	-	5	-	58
	57	56	1	-	11	1	126
Balance, March 31, 2020	18,561	5,243	1,268	1,215	2,331	187	28,805

a) Bear Deposit, Nevada

The Bear Deposit consists of five option agreements covering private land in Yerington, Nevada. Under the terms of these option agreements, as amended, the Company is required to make approximately $5,423,290 in cash payments over 11 years ($4,644,290 paid) to maintain the exclusive right to purchase the land, mineral rights, and certain water rights and to conduct mineral exploration on these properties.

Outstanding payments due under the five option agreements by year are as follows:

$193,000 due in 2020 ($1,000 paid);
$193,000 each due in 2021 and 2022 respectively, and
$201,000 due in 2023.

b) Wassuk, Nevada

The Company has an option, as amended, to earn a 100% interest in certain unpatented mining claims in Lyon County, Nevada, over ten years and is required to make $1,515,000 in cash payments ($955,000 paid) and incur a work commitment of $300,000 ($92,112 incurred) by August 1, 2021. The remaining option balance is due on each anniversary August 1, 2020, and 2021 in the amounts of $60,000 and $500,000, respectively.

The property is subject to a 3% NSR royalty upon commencing commercial production, which can be reduced to a 2% NSR royalty in consideration of $1,500,000.

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c) Groundhog, Alaska

On April 25, 2017, the Company announced it signed a five-year lease agreement, amended to six years, with Chuchuna Minerals Company ("Chuchuna") to earn a 90% interest in the Groundhog copper prospect, located 200 miles southwest of Anchorage, Alaska. To earn the 90% interest, the Company is required to fund a total of $5,000,000 ($2,331,000 funded) of exploration expenditure and to make a lump sum payment to Chuchuna of $3,000,000 by the end of the sixth year.

The Company is required to fund a minimum of $500,000 each year with excessive funding in any one year carried forward to the following year. The Company had met the annual work commitments up to year-end 2019 and will do so in 2020. The Company can terminate the agreement at its discretion.

d) Butte Valley, Nevada

On August 22, 2019, the Company entered into an option agreement with North Exploration, LLC, to earn a 100% interest in 600 unpatented mining claims in White Pine County, Nevada, for $600,000 over five years. North Exploration will retain a 2.5% NSR, of which 1% can be purchased for $1,000,000. A further 0.5% NSR can be purchased within the first ten years for $5,000,000.

On December 3, 2019, the Company entered another option agreement with Nevada Select Royalty, Inc., to purchase a 100% interest in 78 unpatented claims associated with the Butte Valley project, for $250,000 over five years. Nevada Select Royalty will retain a 2% NSR, of which 1% can be purchased by Quaterra for $10,000,000.

Aggregate payments to maintaining the two option agreements by year are as follows:

$20,000 due 2019 (paid);
$80,000 due in 2020;
$100,000 due in 2021;
$150,000 due in 2022; and
$250,000 each due in 2023 and 2024.

5. CONVERTIBLE NOTES

On August 28, 2018, and September 20, 2018, the Company completed non-brokered private placements in tranches by way of convertible debentures for gross proceeds of $550,000 and Canadian dollars ("CAD") CAD 550,000 each. The convertible debentures bear simple interest at a rate of 10% per annum, payable in arrears, and mature 18 months from the closing date. Interest may be paid in cash or shares at the option of the noteholders, subject to regulatory approvals in the case of share payments.

The principal amount is convertible at $0.05 or CAD 0.065 per unit in the first 12 months, and $0.075 or CAD 0.10 thereafter until the maturity date. Each unit is to consist of one common share and one warrant of the Company. Each warrant is to entitle the holder to purchase one common share of the Company at $0.05 or CAD 0.065 per share, expiring August 28, 2022, and September 20, 2022. The convertible notes are secured against the assets of the Company.

In August 2019, $550,000 and CAD 50,000 notes were converted into units at $0.05 and CAD 0.065, comprising 11,769,230 shares and 11,769,230 warrants.

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The remaining principal balance of CAD 500,000 is convertible into units at CAD 0.1 per unit, amended to expire on August 28, 2020. In the event that the Company's water rights sale has not completed by August 28, 2020, the maturity date will be further extended to February 28, 2021. There are no other changes to the term of the convertible notes.

The Company evaluated the convertible debentures and determined the conversion feature is a derivative liability based on the fact the conversion into units could result in a variable number of shares to be issued.

Interest and accretion expense on the convertible notes for the three months ended March 31, 2020 was $31,707 (March 31, 2019 - $77,265).

6. DERIVATIVE LIABILITIES

The conversion of the remaining convertible notes into units could result in a variable number of shares to be issued; the Company also has certain warrants exercisable in a different currency from the Company's functional currency. The conversion feature and the warrants are classified as derivative liabilities carried at fair value and revalued at each reporting date.

As of March 31, 2020, the derivative liabilities were related to the remaining CAD 500,000 convertible notes and 769,230 warrants with CAD exercise prices and were revalued using the weighted average assumptions: volatility of 105%, the expected term of 2.5 years, a discount rate of 1.69% and a dividend yield of 0%.

7. WARRANTS AND STOCK OPTIONS

a) Share purchase warrants

The Company had the following warrants outstanding:

Expiry date	Exercise price		March 31, 2020	December 31, 2019
August 28, 2022	$	0.05	11,000,000	11,000,000
September 20, 2022	CAD	0.065	769,230	769,230
			11,769,230	11,769,230

b) Stock options

The Company has a stock option plan under which it is authorized to grant stock options of up to 10% of the number of common shares issued and outstanding of the Company at any given time.

During the three months ended March 31, 2020, 500,000 stock options exercised at CAD 0.05, including 400,000 exercised on December 31, 2019, which shares were issued on January 3, 2020, due to holiday season.

The following table summarizes information about stock options outstanding by expiry dates with an exercise price in Canadian dollars:

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	Exercise Price <br>(CAD$)	Number of Options Outstanding
Expiry Date		March 31, 2020	December 31, 2019
March 26, 2020	0.05	-	200,000
July 16, 2020	0.13	2,380,000	2,380,000
April 14, 2021	0.065	2,795,000	2,795,000
June 23, 2022	0.095	2,900,000	2,900,000
September 20, 2023	0.06	2,370,000	2,370,000
June 21, 2024	0.065	2,950,000	2,950,000
August 8, 2024	0.06	500,000	500,000
		13,895,000	14,095,000

$3,671 share-based compensation represented the 20% vesting of the 500,000 stock options granted on August 8, 2019.

8. RELATED PARTY TRANSACTIONS

a) Key management comprises directors and executive officers. In the event of a change of control, certain executive officers are entitled to termination benefits equal to the amount that would have been paid during the unexpired term of their employment agreement, and others to the equivalent of either one or two years' salary. The Company has no post-employment benefits and other long-term employee benefits. Compensation awarded to key management was as follows:

(In thousands of U.S. Dollars)		Three months ended March 31,
		2020		2019
Salaries	$	98	$	106
Directors' fees		9		9
	$	107	$	115

b) Manex Resource Group ("Manex") is a private company owned by the Company's Corporate Secretary Mr. Lawrence Page. Under a service agreement dated April 1, 2019, Manex provides the Company's Vancouver office space at CAD 7,500 per month. Either party can terminate the service agreement at any time with 60 days written notice.

9. CAPITAL MANAGEMENT AND FINANCIAL INSTRUMENT RISKS

There has been no change in the Company's approach to capital management, the financial instrument risks or management's approach to those risks during the period ended March 31, 2020.

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Quaterra Resources Inc.: Exhibit 99.2 - Filed by newsfilecorp.com

Management's Discussion and Analysis ("MD&A")

Quarterly Highlights

For the three months ended March 31, 2020

Dated: May 7, 2020

(In U.S. dollars)

Quaterra Resources Inc. MD&A – Quarterly Highlights For the three months ended March 31, 2020

This Management's Discussion and Analysis of Quaterra Resources Inc. and its wholly-owned subsidiaries (collectively, "Quaterra" or the "Company"), dated May 7, 2020, should be read in conjunction with the condensed interim consolidated financial statements for the three months ended March 31, 2020 and the audited consolidated financial statements for the year ended December 31, 2019 and related notes thereto. These financial statements have been prepared following International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board. All $ amounts in this MD&A are United States dollars unless otherwise noted.

The Company's common shares are listed on the TSX Venture Exchange ("TSXV") under the symbol "QTA" and trade on the OTCQB Market under the symbol "QTRRF". Information about mineral resources and risks associated with investing in the Company's securities is contained in the Company's most recently filed 20-F. Further information on the Company is available on the Company's website at www.quaterra.com, on SEDAR at www.sedar.com or the United States Securities and Exchange Commission ("SEC") website at www.sec.gov.

Review of Operations and Financial Results

COVID-19 quickly evolved into a worldwide health crisis that caused significant turmoil and heightened uncertainty in the global financial markets. The extent COVID-19 impacts copper demand is highly uncertain and unpredictable. Moreover, the actual and threatened spread of the coronavirus globally could continue to restrict people's movement, adversely affect the financing availability to the Company, may cause impairment indicators to rise in 2020.

The scale and nature of the Company's corporate and administrative activity have remained relatively consistent over the periods presented. Quarterly fluctuation in losses has mainly been caused by interest expenses on convertible notes, non-cash fair value changes in the derivative liabilities, unrealized gain or loss on the marketable securities, and share-based compensation.

Interest expenses were primarily related to the interest accretion on the convertible notes.

The following table sets out the quarterly financial information for each of the last eight quarters:

(In thousands of U.S. dollars except for per share amount)
	Q1'20	Q4'19	Q3'19	Q2'19	Q1'19	Q4'18	Q3'18	Q2'18

General administration	(303	(302	(364	(379	(457	(612	(208	(259
Fair value (loss) gain on derivative liabilities	52	(50	135	341	(321	37	74	74
Foreign exchange (loss) gain	(2	(20	(9	(4	(10	23	(14	8
Other expenses	(16	(12	(14	(44	(80	(74	(54	(6
Settlement of convertible notes	-	(15	2	-	-	-	-	-
Share-based compensation	(4	-	(7	(110	-	-	(91	-
Gain (loss) on marketable securities	68	(77	64	62	(40	(219	36	23
Net loss	(205	(476	(193	(134	(908	(845	(257	(160
Basic loss per share	(0.00	(0.00	(0.00	(0.00	(0.00	(0.00	(0.00	(0.00

All values are in US Dollars.

Liquidity and Capital Resources

The Company is an exploration stage company that has not earned any production revenue. Its operation has been dependent on funding proceeds from sales of some of its assets and the limited issuance of certain financial instruments.

During the three months ended March 31, 2020, the Company spent $307,000 in operating activities and $112,000 in mineral property maintenance and technical work.

Page 2 of 3

Quaterra Resources Inc. MD&A – Quarterly Highlights For the three months ended March 31, 2020

Under several mineral property option agreements, the Company is obliged, at its discretion, to maintain good standing of these mineral properties and meet required work commitments for a combined $1,000,000 in 2020.

CAD 500,000 convertible debt can be further extended to February 28, 2021, at Quaterra's discretion if the sale of certain primary ground water rights is not completed by August 28, 2020.

As of May 7, 2020, the Company has cash and cash equivalents of $1,131,000. With the expected proceeds from the pending water rights sale, the Company believes it can sustain its operations for the next 12 months.

Related Party Information

Manex Resources Group ("Manex") is a private company controlled by the Corporate Secretary of the Company, which provides office premises and general corporate services to a group of public listed companies one of which is the Company. During the period ended March 31, 2020, the Company paid Manex CAD 22,500 for its Vanouver office space.

Outstanding Share Data

As of May 7, 2020, 217,715,610 common shares were issued and outstanding; 11,000,000 and 769,230 warrants were outstanding exercisable at $0.05 and CAD 0.065 until August 20, 2022, and September 20, 2022, respectively; and 13,895,000 stock options were outstanding with exercise prices ranging from CAD 0.06 to CAD 0.13.

Risks and Uncertainties

The Company is subject to many risks and uncertainties, each of which could have an adverse effect on the results, business prospects or financial position.

The Company's securities should be considered a highly speculative investment and investors should carefully consider all of the information disclosed in the Company's regulatory filings before investing in the Company. For a comprehensive list of the risks and uncertainties applicable to the Company, please refer to the section entitled "Risk Factors" in the Company's most recent Form 20-F, which is available on SEC website at www.sec.gov.

Forward-Looking Statements

Certain statements made and information contain "forward-looking statements" within the meaning of the United States Private Securities Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation (collectively, "Forward-Looking Statements").

All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will, may, could or might occur in the futures are Forward-Looking Statements. The words such as "believe", "anticipate", "expect", "estimate", "strategy", "plan", "intend", "may", "could", "would", "should", or similar expressions are intended to identify Forward-Looking Statements.

The forward-looking statements contained in this MD&A are based on the beliefs, expectations, and opinions of management on the date the statements are made. The Company undertakes no obligation to update any forward-looking statement should circumstances or estimates or opinions change, except by applicable securities laws.

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Quaterra Resources Inc.: Exhibit 99.3 - Filed by newsfilecorp.com

Form 52-109FV2

Certification of Interim Filings

Venture Issuer Basic Certificate

I, Gerald Prosalendis, Chief Executive Officer of Quaterra Resources Inc. certify the following:

Review**:** I have reviewed the interim financial report and interim MD&A (together, the "interim filings") of Quaterra Resources Inc. (the "issuer") for the interim period ended March 31, 2020.
No misrepresentations**:** Based on my knowledge, having exercised reasonable diligence, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the interim filings.

*3. ***** Fair presentation: Based on my knowledge, having exercised reasonable diligence, the interim financial report together with the other financial information included in the interim filings fairly present in all material respects the financial condition, financial performance and cash flows of the issuer, as of the date of and for the periods presented in the interim filings.

Date: May 8, 2020

"Gerald Prosalendis"

_______________________

Gerald Prosalendis

Chief Executive Officer

NOTE TO READER

In contrast to the certificate required for non-venture issuers under National Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings (NI 52-109), this Venture Issuer Basic Certificate does not include representations relating to the establishment and maintenance of disclosure controls and procedures (DC&P) and internal control over financial reporting (ICFR), as defined in NI 52-109. In particular, the certifying officers filing this certificate are not making any representations relating to the establishment and maintenance of

i) controls and other procedures designed to provide reasonable assurance that information required to be disclosed by the issuer in its annual filings, interim filings or other reports filed or submitted under securities legislation is recorded, processed, summarized and reported within the time periods specified in securities legislation; and

ii) a process to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer's GAAP.

The issuer's certifying officers are responsible for ensuring that processes are in place to provide them with sufficient knowledge to support the representations they are making in this certificate. Investors should be aware that inherent limitations on the ability of certifying officers of a venture issuer to design and implement on a cost effective basis DC&P and ICFR as defined in NI 52-109 may result in additional risks to the quality, reliability, transparency and timeliness of interim and annual filings and other reports provided under securities legislation.

Quaterra Resources Inc.: Exhibit 99.4 - Filed by newsfilecorp.com

Form 52-109FV2

Certification of Interim Filings

Venture Issuer Basic Certificate

I, Lei Wang, Chief Financial Officer of Quaterra Resources Inc. certify the following:

Review**:** I have reviewed the interim financial report and interim MD&A (together, the "interim filings") of Quaterra Resources Inc. (the "issuer") for the interim period ended March 31, 2020.
No misrepresentations**:** Based on my knowledge, having exercised reasonable diligence, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the interim filings.

Date: May 8, 2020

"Lei Wang"

_______________________

Lei Wang

Chief Financial Officer

NOTE TO READER

ii) a process to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer's GAAP.

Lion Copper Corp 6-K, filed May 8, 2020

About this 6-K