QX Metals Corp. (previously known as Black Sea Copper & Gold Corp. and previously Alternative Earth Resources Inc.) is a Canadian

multinational corporation A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, i ...

that is active exploring a porphyry copper-gold deposit in the Bulgarian Rhodope Mountains. The company was first incorporated on April 13, 1995, and most recently changed its name from Black Sea Copper & Gold Corp. to QX Metals Corp. in February 2019. The Black Sea Copper & Gold Corp. was created following the merger of the Alternative Earth Resources Inc. with Black Sea Copper & Gold Corp. in 2016. Alternative Earth Resources Inc. itself was created on April 2, 2013 from Nevada Geothermal Power Inc. The company had focused on producing geothermal electric power from high temperature geothermal resources in the United States. Based in

Vancouver Vancouver ( ) is a major city in western Canada, located in the Lower Mainland region of British Columbia. As the List of cities in British Columbia, most populous city in the province, the 2021 Canadian census recorded 662,248 people in the ...

, British Columbia, the company had up to six geothermal projects in the Western

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...

. Despite federal government loan guarantees, the company faced financial trouble and there was "significant doubt about the company's ability to continue as a

going concern A going concern is a business that is assumed will meet its financial obligations when they become due. It functions without the threat of liquidation for the foreseeable future, which is usually regarded as at least the next 12 months or the spec ...

Projects

The company owns a 100% leasehold interest in six properties: Blue Mountain, Pumpernickel, Edna Mountain, and Black Warrior (located in Nevada), New Truckhaven (in California), and Crump Geyser in Oregon. The projects have a production potential of over 200 MW, enough green energy to power approximately 200,000 homes. The company's Blue Mountain 'Faulkner 1' 49.5 MW gross geothermal power project started producing commercially in November 2009. But its actual production was only 35 MW.

References

{{Vancouver Corporations, state=collapsed Renewable energy companies of Canada Geothermal energy in the United States Companies based in Vancouver Companies listed on the TSX Venture Exchange