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. (symbol: QZMRF) is a Canadian mineral exploration company focusing on high-value gold, silver, and copper projects. The company recently acquired 100% interest in the Lone Pine Claim and the North Claim, consolidating its Maestro Project in BC. With a successful history of diamond drilling and promising surface surveys, Quartz aims to uncover multiple precious and base metal systems. The company's recent discoveries show significant potential for future transactions and value creation. Backed by experienced management and strong industry partnerships, Quartz is dedicated to responsible mineral development and community engagement.
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.
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