News and announcements from our team.
Subscribe for email updates and announcements.
Quartz Mountain Resources has acquired its second BC mineral property, the Jake Property, located near Smithers, British Columbia. The project was acquired for its copper-gold porphyry potential.
July 7, 2021 Vancouver, BC - Quartz Mountain Resources Ltd. has completed the acquisition transaction announced on June 10, 2021. Under a mineral claims purchase agreement dated June 8, 2021 between the Company and Impala Capital Corp, the Company will acquire a 100% interest in nine mineral claims located near Houston, British Columbia. Under the terms of the Agreement, the Company acquired a 100% interest in the Property by making $105,000 in cash payments and issuing 1,000,000 shares to the Vendor, which are subject to a 4 month resale restricted period. The Property is subject to a pre-existing 2.5% net smelter returns royalty held by an unrelated arm’s length third party, of which 1.5% can be purchased for $1.5 million.
June 10, 2021 Vancouver, BC - Quartz Mountain Resources Ltd. announces that it has entered into a mineral claims purchase agreement to purchase nine mineral claims located near Houston, British Columbia for CAD$105,000 in cash and 1,000,000 shares in the capital of the Company, subject to TSX Venture Exchange approval.
February 04, 2021 Vancouver, BC - Quartz Mountain Resources Ltd. announces that it has sold 100% of its 1% Net Smelter Return Royalty on the Quartz Mountain Gold Property, located in Oregon for US$150,000. The Purchaser is an arms length third party. The Company acquired the Royalty when it sold the Quartz Mountain Gold Property to Seabridge Resources Inc. in 2001.
May 25, 2020 Vancouver, BC - Quartz Mountain Resources Ltd. announces that it will undertake a forward share split on the basis of two additional common shares for every one common share currently outstanding.
March 27, 2020 Vancouver, BC - Quartz Mountain Resources Ltd. announces that the Company has completed the $500,000 private placement announced on December 30, 2019.
December 30, 2019, Vancouver, BC - Quartz Mountain Resources Ltd. announces that it has arranged a private placement of 4,545,455 units at a price of $0.11 per Unit with insiders of the Company for proceeds of approximately $500,000. Each Unit consists of one common share and one warrant of the Company. Each Warrant allows the holder to purchase one flow-through common share at a price of $0.15 for a period five years.
December 29, 2017, Vancouver, BC - Quartz Mountain Resources Ltd. is pleased to report that the previously announced consolidation of its common shares on the basis of one post-Consolidation common share for every ten pre-Consolidation common shares will be effective on January 2, 2018 and trading of the Company's common shares will commence on a consolidated basis on the TSX Venture Exchange at the opening on such date.
December 27, 2017, Vancouver, BC - Quartz Mountain Resources Ltd. announces that further to its news release of December 15, 2017 and subject to TSX Venture Exchange final approval, the Company has completed a private placement for proceeds of $458,863.
December 15, 2017, Vancouver, BC - Quartz Mountain Resources Ltd. announces that Robert Dickinson has been appointed Quartz Mountain's Executive Chairman and CEO. Rene Carrier and Leonie Tomlinson ICD.D, have been appointed Directors of the Company. Scott Cousens has resigned as Chairman and Director, Ronald Thiessen has resigned as President, CEO and Director and David Mordant has resigned as Director of the Company. Over the months ahead Quartz Mountain plans to assess mineral exploration projects for potential acquisition.
March 18, 2016, Vancouver, BC - Quartz Mountain Resources Ltd. announces, further to a news release of January 18, 2016, that it has issued 2,000,000 shares to Bear Claw Capital Corp. in final settlement of debt owing to Bear Claw. The Company has also made a cash payment and returned the Gnat Property to Bear Claw.
January 20, 2016, Vancouver, BC -- Quartz Mountain Resources Ltd. announces that it has reached agreements with Bearclaw Capital Corp., the holder of its convertible debenture, and Hunter Dickinson Services Inc. to which it owes payment for services.