Welcome to our dedicated page for Quartz Mtn Res news (Ticker: QZMRF), a resource for investors and traders seeking the latest updates and insights on Quartz Mtn Res stock.
Quartz Mountain Resources Ltd (QZMRF) is a mineral exploration company focused on advancing high-potential gold, silver, and copper projects in British Columbia. This page serves as the definitive source for all official company news, including exploration results, financial updates, and strategic developments.
Investors and stakeholders will find timely, accurate updates on QZMRF's Maestro and Jake properties, drilling programs, and corporate milestones. Our curated news collection ensures access to verified press releases and regulatory filings, providing clarity on the company's progress in developing its mineral claims.
Content spans project advancements, resource estimates, partnership announcements, and financial disclosures. Each update is sourced directly from the company to maintain technical accuracy and compliance with disclosure standards.
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Quartz Mountain Resources Ltd. has announced the grant of stock options for a total of 3,204,300 common shares to two directors. These options, exercisable at an exercise price of $0.20, were approved by the Board of Directors and are in line with the Company's stock option plan and TSX Venture Exchange requirements. The options vest fully on the grant date, expiring on October 28, 2027.
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Quartz Mountain Resources Ltd. (TSXV:QZM, OTC PINK:QZMRF) announced a private placement raising $550,000 subject to TSX Venture Exchange approval. The funds are allocated for permitting, exploration project costs, and general working capital. Securities issued will have a hold period ending on February 27, 2023. The company emphasizes that future performance is uncertain and outcomes may vary.
Quartz Mountain Resources Ltd. has clarified that two technical reports on the Maestro and Jake projects, previously announced, do not comply with National Instrument 43-101 requirements and will not be filed on SEDAR. Instead, these reports will remain available on the Company’s website. Additionally, their website has been updated to enhance information accessibility without the need for external links. The Company emphasizes that its forward-looking statements are based on reasonable assumptions but are not guarantees of future performance, as actual results may differ due to various risks and uncertainties.
Quartz Mountain Resources Ltd. has appointed Mr. Albert Basile to its Board of Directors. Basile, a graduate of the University of British Columbia and experienced in corporate law, is expected to enhance the Company’s strategic development in gold, silver, and copper projects in British Columbia. Additionally, the Company has arranged a private placement of 2,750,000 units at $0.20 each, raising approximately $550,000. This placement increases Robert and Matthew Dickinson's control to about 68% of voting shares. The funds will support exploration and working capital.
Quartz Mountain has received a National Instrument 43-101 Technical Report on its Jake Porphyry Copper-Gold-Silver Property in northwest BC. The report indicates potential for significant mineralization in two areas, Jake North and Jake South. Historical drilling has shown promising results, including copper and gold intersections. The property covers 2,374 ha and is accessible by helicopter. A Phase 1 program is proposed, estimating $238,000 for further exploration. The Technical Report supports continued investment in the property for its mineral exploration potential.
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