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. reports mineral exploration developments for its British Columbia project portfolio, led by the Maestro Project near Houston and the Prodigy gold-silver discovery. Company updates commonly cover diamond drilling, assay results, delineation work, and geological studies across epithermal gold-silver, porphyry gold, and copper-molybdenum mineralization.
News about QZMRF also includes capital-markets and project-positioning items, such as warrant exercises tied to private placements, U.S. OTC market status, and updates on the Jake Project north of Smithers. The company’s common shares trade on the OTCQX under QZMRF and on the TSX Venture Exchange under QZM.
Quartz Mountain Resources Ltd. (TSXV:QZM)(OTC PINK:QZMRF) completed the acquisition of nine mineral claims near Houston, BC, for $105,000 in cash and 1,000,000 shares. This purchase is part of a deal with Impala Capital Corp., and the claims, previously drilled over 4000 meters, showed promising grades. The acquired property is subject to a 2.5% net smelter returns royalty, from which 1.5% can be bought for $1.5 million. The Company plans to compile existing data for a 2022 exploration program and technical report.
Quartz Mountain Resources Ltd. has entered a mineral claims purchase agreement for nine claims near Houston, BC, for CAD$105,000 in cash and 1,000,000 shares, pending TSX Venture Exchange approval. The claims come with a 2.5% NSR, which can be reduced to 1% for $1.5 million. No work commitments are required, but exploration awaits future financing. Forward-looking statements include expectations for completing a private placement and potential regulatory acceptance. Investors are advised to review filings on www.sedar.com.
Quartz Mountain Resources Ltd. has announced the sale of its 1% Net Smelter Return Royalty on the Quartz Mountain Gold Property in Oregon for US$150,000. The transaction involves an arms-length third party. This Royalty was acquired when Quartz Mountain sold the Gold Property to Seabridge Resources Inc. in 2001. The company believes the sale will provide financial flexibility for future projects. For further information, investors are encouraged to consult Quartz Mountain's filings on www.sedar.com.