Quartz Closes $4.2 Million Equity Financing
3/19/2025
Delineation Drilling to Commence at Prodigy High Grade Gold-Silver Discovery
Latest News
Quartz to Raise $4.2 Million in Planned Equity Financing
2/14/2025
Delineation Drilling Set to Commence at Prodigy High Grade Gold-Silver Discovery
Quartz Retains Acuity Advisory Corp for Communications and Advisory Services
1/15/2025
Acuity is based in Vancouver and provides corporate communications to Canadian and U.S. listed companies, with a specific focus on the junior mining and mineral exploration sectors. Acuity's founders and principals, Jeffrey Wilson and Roger Blair, have a combined fifty years of public markets experience, and bring to Quartz extensive contacts within the global mining and finance industries. Acuity's network encompasses North American and international institutional and retail investors, investment advisors, investment bankers, mining analysts, high net worth individuals and strategic investors.
Quartz Discovers a New Copper-Gold-Silver Porphyry at Jake Project in British Columbia
1/14/2025
Company also acquires additional mineral claims surrounding Jake, hosting an entire new potential copper-gold porphyry district
Quartz Mountain Chairman’s Year End Message
12/18/2024
Quartz is pleased to provide the following 2024 year-end message from Chairman Bob Dickinson. Following a successful year for Quartz, the Company enters 2025 poised to accelerate two important projects towards transactions and shareholder wealth creation.
Quartz Mountain Completes 3,418 Metres Of Core Drilling At Jake Property In British Columbia
8/21/2024
Quartz Mountain Resources Ltd. announces that it has completed 3,418 metres of core drilling in seven holes at its 100% owned Jake project, located 160 kilometres north of Smithers, BC. Core samples have been delivered to ALS Global for analysis. The goal of Quartz’s initial drill program and exploration strategy at Jake is to discover a significant porphyry copper-gold-silver deposit. Porphyry deposits are the world’s most important sources of copper and gold, and their discovery presents the potential for outsized gains.
Quartz Commences Drilling at Jake Porphyry Copper-Gold Project
6/18/2024
Quartz Mountain Resources Ltd. is pleased to announce that core drilling has commenced at its Jake Porphyry Copper-Gold-Silver Project, located 160 km north of Smithers, BC. The Jake drill program aims to discover a new, significant scale porphyry deposit.
Quartz Closes $3.255 Million Private Placement and Accelerates Drill Program Planning
6/3/2024
Quartz is pleased to announce that it has closed the $3.255 million private placement, and is now funded to commence drilling in mid-June at its Jake Porphyry Copper-Gold-Silver Property, located 160 km north of Smithers, BC.
Quartz To Raise $3.26 Million Including New Key Investor
5/6/2024
Quartz proposes to raise aggregate proceeds of $3.255 million in new common share equity through the issuance of 9,300,000 treasury common shares at $0.35 each. A key new investor, The Sutton Group Inc. has committed to subscribe for 6,000,000 of the shares and will become an insider of Quartz.
Quartz Intersects 102m of 2.22 g/t Au and 104 g/t Ag - Announces New Discovery at Prodigy on its Maestro Project, British Columbia
4/9/2024
Quartz announces a new discovery at the company''s Maestro property located near Houston, British Columbia. Quartz has received assay results from its first two diamond drill holes (total 1,445m) completed in December 2023, at the Prodigy target at Maestro and the results support Quartz’s strategy of developing high value, high demand projects
Quartz Expands Maestro Project Area with Acquisitions of Lone Pine Porphyry Deposit Claim and North Claim
3/19/2024
Transactions Consolidate Multiple Overlapping Mineralized Systems Under Quartz Control
Quartz Mountain Completes 1,445 Metres of Core Drilling at Maestro, BC
12/12/2023
Quartz Mountain Resources Ltd. announces that it has completed 1,445 metres of core drilling in two holes at the Prodigy Au-Ag-Mo-Cu epithermal target on its Maestro Property, located 15 kilometres north of Houston, BC.
Quartz Mountain Resources Closes $277,000 Private Placement
10/30/2023
Quartz Mountain Resources Ltd. announces that further to its news release of October 20, 2023 and subject to TSX Venture Exchange final approval, the Company has completed a private placement for proceeds of $277,000.
Quartz Mountain Resources Announces a $277,000 Private Placement
10/20/2023
Quartz Mountain Resources Ltd. announces that it has arranged a private placement of 1,538,889 Flow-through units at a price of $0.18 per Unit for proceeds of $277,000.
Quartz Mountain Resources Completes Acquisition of 100% Interest in Jake Property and Begins Drill Program Planning
8/1/2023
Quartz Mountain Resources Ltd. is pleased to announce that it has completed the acquisition of 100% of the Jake Porphyry Copper-Gold-Silver Property.
Quartz Mountain Announces Appointment of Myke Clark to Board of Directors
7/18/2023
Quartz Mountain Resources Ltd. is pleased to announce the appointment of Myke Clark to the Company''s Board of Directors.
Quartz Mountain Announces Board and Management Changes
5/30/2023
Quartz Mountain Resources announces that Robert Dickinson has resigned as Chief Executive Officer of the Company and will remain Chairman, and that Trevor Thomas, Secretary of the Company, has been appointed as Chief Executive Officer of the Company pending recruitment of a permanent replacement.
Quartz Mountain Announces Grant of Stock Options
10/31/2022
Quartz Mountain Resources Ltd. announces that the Company''s Board of Directors has approved the grant of stock options exercisable for a total of 3,204,300 common shares to two directors.
Quartz Mountain Closes $550,000 Private Placement
10/27/2022
Quartz Mountain Resources Ltd. announces that further to its news release of October 24, 2022 and subject to TSX Venture Exchange final approval, the Company has completed a private placement for proceeds of $550,000.
Quartz Mountain Resources Announces New Director and a $550,000 Private Placement
10/24/2022
Quartz Mountain Resources Ltd. announces that Mr. Albert (Al) Basile, of Vancouver, British Columbia, has been appointed to the Board of Directors of the Company.
Quartz Mountain Resources Clarifies Technical Report Status and Information Availability
10/24/2022
Quartz Mountain Resources Ltd. wishes to clarify that two recently commissioned technical reports as announced in our news releases of June 14, 2022 and September 8, 2022 on the Maestro and Jake projects were not prepared as a consequence of any triggering event contemplated by National Instrument 43-101 (Disclosure Standards for Mineral Projects). While the two reports were intended to comply with the substantive content requirements of the instrument, there was no triggering event and accordingly they are not NI 43-101 reports. They should not have been referred to as such and will not be filed on SEDAR.com but rather be kept available only on the Company''s website.
Quartz Mountain Releases Technical Report for Jake Porphyry Copper-Gold Project, BC
9/7/2022
Quartz Mountain has received a National Instrument 43-101 Technical Report on its Jake Porphyry Copper-Gold Property located in central British Columbia. The Technical Report , authored by C.J. Greig & Associates Ltd. outlines the exploration history and exploration merit of the property.
Matthew Dickinson and Robert A. Dickinson Announce Increase in Control Position
8/23/2022
Matthew Dickinson, a director of Quartz Mountain Resources Ltd. Inc. ("Quartz Mountain") TSXV: QZM, announces that he has acquired control and direction over 1,000,000 Common Shares of Quartz Mountain (the "Acquired Shares") on August 16, 2022 through partial exercise of a previously granted incentive stock option, at $0.20 per share. Matthew Dickinson, and his father Robert A. Dickinson, with whom he acts in concert, is required to file an early warning report under applicable securities laws as their combined ownership of Quartz Mountain voting securities has increased.
Quartz Mountain Releases Technical Report for Maestro Gold-Silver Project, BC
6/14/2022
Quartz Mountain has received from C.J. Greig & Associates Ltd. a National Instrument 43-101 Technical Report on its Maestro Gold-Silver-Molybdenum-Copper Property located in central British Columbia. The Technical Report outlines key exploration targets including the Prodigy Zone, a priority exploration target for bulk tonnage gold and silver mineralization.
Quartz Mountain Announces Appointment of Robert Dickinson as Chairman and CEO
5/31/2022
Quartz Mountain has appointed Robert Dickinson as Chairman and CEO. Robert Dickinson is an economic geologist, Canadian Mining Hall of Fame Inductee, and co-founder and Chairman of the Hunter Dickinson group. He has played a central role in the discovery, advancement and funding of many important porphyry deposits. He is currently active with Quartz Mountain, Amarc Resources (IKE, JOY, DUKE), Northern Dynasty Minerals (Pebble), Taseko Mines (Gibraltar, Florence), and Northcliff Resources (Sisson).
Quartz Mountain Announces Approval For Purchase Of Second BC Mineral Property
5/24/2022
Quartz Mountain Resources Ltd. is pleased to announce that further to its December 8, 2021 news release, the Company has received approval from the TSX Venture Exchange for its acquisition of the Jake Property.
Quartz Mountain Announces Grant of Stock Options
1/12/2022
Quartz Mountain Resources Ltd. (TSXV:QZM)(OTC PINK:QZMRF), announces that the Company''s Board of Directors has approved the grant of stock options.
Quartz Mountain Purchases Second BC Mineral Property
12/8/2021
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.
Quartz Mountain Completes Purchase Of BC Mineral Project
7/7/2021
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.
Quartz Mountain Purchases BC Mineral Claims
6/10/2021
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.
Quartz Mountain Sells Royalty
2/4/2021
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.
Quartz Mountain Resources Ltd. to Split Shares
5/25/2020
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.
Quartz Mountain Closes $500,000 Private Placement
3/27/2020
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.
Quartz Mountain Announces $500,000 Private Placement
12/30/2019
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.
Quartz Mountain Announces Share Consolidation Effective Date
12/29/2017
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.
Quartz Mountain Closes Private Placement
12/27/2017
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.
Quartz Mountain Announces Management Changes, Private Placement and Share Consolidation
12/15/2017
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.
Quartz Mountain Issues Shares to Settle Debt
3/18/2016
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.
Quartz Mountain Announces Cash Payments and Share Issuances to Settle Debt
1/20/2016
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.
Quartz Mountain & Bear Claw Amend Convertible Debenture
10/10/2014
October 10, 2014, Vancouver, BC - Quartz Mountain Resources Ltd. announces that Bear Claw Capital Corp. has agreed to further amend the terms of a convertible debenture note that formed part of the payment obligations under a 2012 mineral property purchase agreement to acquire the Gnat Pass Property, which is a portion of the Quartz Mountain''s Galaxie Project located in northwestern British Columbia.
Quartz Mountain Update
4/4/2014
April 4, 2014 Vancouver, BC - Quartz Mountain Resources Ltd. ("Quartz Mountain" or the "Company") (TSX-V: QZM; OTC: QZMRF) announces that, further to its release of November 15 2013, Amarc Resources Ltd. has terminated joint ventures with the Company and returned earned interests in the Galaxie and ZNT Projects in British Columbia. As a result, Quartz Mountain owns 100% of the Galaxie and ZNT Projects.
Quartz Mountain Exploration Update
11/15/2013
November 15, 2013 Vancouver, BC - Quartz Mountain Resources Ltd. ("Quartz Mountain" or the "Company") (TSX-V: QZM; OTC: QZMRF) announces an exploration update. Drilling has been undertaken at the ZNT silver property located in central British Columbia ("BC"). The ZNT property is being explored under a joint venture agreement with Amarc Resources Ltd. ("Amarc"). Amarc has acquired a 60% interest and is operator of the ZNT Project, and Quartz Mountain holds a 40% interest.
Quartz Mountain Exploration Update
9/19/2013
September 19, 2013, Vancouver, BC Quartz Mountain Resources Ltd. ("Quartz Mountain" or the "Company") (TSX-V: QZM; OTCBB: QZMRF) reports results from the summer exploration programs carried out by its joint venture partner Amarc Resources Ltd. ("Amarc") at the ZNT and Galaxie Projects in central and northern British Columbia ("BC"). In particular, surface exploration at the ZNT joint venture property has delineated a compelling silver and zinc anomaly that is ready for drill testing. A permit has been received from government and drilling is expected to commence shortly.
Amarc and Quartz Mountain Amend ZNT and Galaxie Joint Venture Agreement
7/5/2013
July 5, 2013, Vancouver, BC - Amarc Resources Ltd ("Amarc") (TSX-V: AHR; OTCBB: AXREF) and Quartz Mountain Resources Ltd. ("Quartz Mountain") (TSX-V: QZM; OTCBB: QZMRF) announce they have entered into an amendment agreement (the "Amendment") with respect to their previously executed joint venture agreement (the "JV Agreement") on the ZNT and Galaxie properties (the "Properties") located in central and northern British Columbia ("BC").
Quartz Mountain Announces New Chief Financial Officer & Executive Vice President
2/22/2013
February 22, 2013, Vancouver, BC -- Quartz Mountain Resources Ltd. ("Quartz Mountain") (TSX-V: QZM; OTC: QZMRF) announces that Michael Lee has been appointed as Chief Financial Officer ("CFO") and Lena Brommeland as Executive Vice President of the Company, effectively immediately. Mr. Lee replaces Simon Beller who has resigned from his role with the Company.
Quartz Mountain Reports Drill Results From Gnat Copper Deposit & Surface Exploration Delineates New Porphyry Copper Deposit Targets At The Galaxie Joint Venture Property, British Columbia
2/21/2013
February 21, 2013, Vancouver, BC - Quartz Mountain Resources Ltd. ("Quartz Mountain") (TSX-V: QZM; OTC: QZMRF) is pleased to provide an update on results from exploration work conducted at the Galaxie property, located on Highway 37, 42 kilometres north of the Red Chris copper-gold mine construction site and 25 kilometres south of the Village of Dease Lake, British Columbia ("BC").
Quartz Mountain Outlines New Copper and Silver Systems at Galaxie and ZNT Projects, British Columbia
1/29/2013
January 29, 2013 Vancouver, BC - Quartz Mountain Resources Ltd. ("Quartz Mountain") (TSX-V: QZM; OTC: QZMRF) announces results from exploration programs completed in 2012 at the Galaxie and ZNT projects in British Columbia (BC). Induced polarization (IP) geophysical, prospecting and geochemical sampling surveys were undertaken at the Company''s Galaxie porphyry copper property, located near Dease Lake and the ZNT silver-zinc project, located near Houston. These surveys delineated extensive soil and coincident IP anomalies indicating high potential for the discovery of new bulk tonnage-style copper and silver deposits. Targets on each property are ready for drill testing, with permits received from government for both projects.
Quartz Mountain Arranges $641,000 Non-Brokered Financing
12/28/2012
December 28, 2012, Vancouver, BC -- Quartz Mountain Resources Ltd. ("Quartz Mountain" or the "Company") (TSX-V: QZM; OTC: QZMRF) announces that it has arranged a non-brokered private placement (the "Offering"), comprised of 1,752,409 flow-through common shares at a price of $0.30 per share, and 461,914 non flow-through common shares at a price of $0.25 per share, for gross proceeds of $641,201. A finder''s fee is payable on a portion of the Offering.
Quartz Mountain Successfully Closes Letter Agreement On The Galaxie And ZNT Projects In BC Galaxie Drilling Underway
12/11/2012
December 11, 2012, Vancouver, BC - Quartz Mountain Resources Ltd. ("Quartz Mountain" or the "Company") (TSX-V: QZM; OTC: QZMRF) is pleased to announce that the letter agreement with Amarc Resources Ltd. ("Amarc") described in the Company''s November 7, 2012 News Release has become unconditional, binding and effective. Under the agreement, Amarc can acquire up to a 50% ownership interest in Quartz Mountain''s 100% owned Galaxie and ZNT Projects (the "Projects") in British Columbia ("BC") upon making a cash payment to Quartz Mountain and funding exploration expenditures in relation to the Projects.
Quartz Mountain Announces New Director And Chairman
11/22/2012
November 22, 2012, Vancouver, BC -- Quartz Mountain Resources Ltd. ("Quartz Mountain" or the "Company") (TSX-V: QZM; OTC: QZMRF) announces that Scott Cousens has been appointed to the Company''s Board of Directors, effective immediately. Mr. Cousens has also been appointed as Chairman of the Board, replacing Robert Dickinson who is stepping down as Chairman but who will remain on the Board as a director.
Quartz Mountain Enters Option And Joint Venture Agreement With Amarc To Advance Galaxie And ZNT Projects
11/7/2012
November 7, 2012, Vancouver, BC -- Quartz Mountain Resources Ltd. ("Quartz Mountain") (TSX-V: QZM; OTC: QZMRF) announces that it has entered into a binding letter agreement ("Letter Agreement") with Amarc Resources Ltd. ("Amarc") to advance the Galaxie and ZNT Projects located in northern and central British Columbia ("BC").
Quartz Mountain Completes Acquisition Of Galaxie Project In Northern BC
8/21/2012
August 21, 2012, Vancouver, BC -- Quartz Mountain Resources Ltd. ("Quartz Mountain") (TSX-V: QZM; OTCBB: QZMRF) is pleased to announce that it has closed the transactions previously announced on July 30, 2012. Quartz Mountain has acquired a 100% interest in the Galaxie Project.
Quartz Mountain Assembles Bulk Tonnage Copper-Gold Project Acquires Galaxie Project & Hotailah Slope Property In Northern BC
7/30/2012
July 30, 2012, Vancouver, BC -- Quartz Mountain Resources Ltd. ("Quartz Mountain") (TSX-V: QZM; OTCBB: QZMRF) announces that it has acquired a 100% interest in the Galaxie Project from Finsbury Exploration Ltd ("Finsbury") through a sale agreement (the "Sale Agreement") dated as of July 27, 2012. In a separate agreement, Quartz Mountain has also acquired a 100% interest in the Hotailah Slope Mineral Claims that lie immediately adjacent and to the south of the Galaxie Project.
Quartz Mountain Acquires Prospective New Ground In Central BC
5/1/2012
May 1, 2012 - Vancouver, BC Quartz Mountain Resources Ltd. ("Quartz Mountain" or the "Company") (TSXV: QZM; OTCBB: QZMRF) announces that it has staked 93 new claims in an area located 133 kilometres northwest of the Blackwater gold deposit and 41 kilometres south of Houston, BC.
Quartz Mountain Announces Grant of Options
1/19/2012
January 19, 2012 Vancouver, BC - Quartz Mountain Resources Ltd. ("Quartz" or the "Company") (TSX-V: QZM; OTCBB: QZMRF) announces the grant of 408,000 options to officers and directors of the Company.
Quartz Completes Buck Property Acquisition As Well As Private Placement And Graduates To TSX Venture Exchange
12/30/2011
December 30, 2011, Vancouver, BC - Quartz Mountain Resources Ltd. ("Quartz" or the "Corporation") (TSX-V: QZM; OTCBB: QZMRF) announces that it has completed its previously reported acquisition of an option (the "Option") to acquire a 100% interest in the Buck gold-silver property (the "Buck Property") located in central British Columbia from Hunter Dickinson Resources Ltd. ("HDRL"). In connection with the completion of the acquisition, Quartz is paying $100,000 in cash and has issued 1,200,000 common shares to HDRL, with up to six million additional common shares to be issued to HDRL upon achievement of certain milestones. In connection with the exercise of the Option on the date hereof, Quartz is paying $20,000 in cash and has issued 100,000 common shares to the owners of the Buck Property (the "Option Grantors"). Under the terms of the Option, the Corporation will pay up to $85,000 in cash and issue up to 550,000 common shares to the Option Grantors within the next three years.
Quartz Announces $5 Million Flow-Through And Non-Flow Through Financing
12/9/2011
December 9, 2011, Vancouver, BC - Quartz Mountain Resources Ltd. ("Quartz" or the "Corporation") (NEX: QZM.H; OTCBB: QZMRF) announces that it is in the process of arranging a private placement financing of at least $5 million, of which approximately $4 million will be flow-through shares at a price of $0.60 per share and the remainder will be non-flow through shares at a price of $0.50 per share. Insiders of the Company will participate in the financing. The shares issued will be subject to a four month hold period. Finder''s fees may be payable on a portion of the financing. The financing is subject to regulatory approval.
Quartz Announces Acquisition of Buck Property & Graduation to TSX Venture Exchange
11/23/2011
November 23, 2011, Vancouver, BC - Quartz Mountain Resources Ltd. ("Quartz" or the "Corporation") (NEX: QZM.H; OTCBB: QZMRF) announces the acquisition of an option (the "Option") to acquire a 100% interest in the Buck gold-silver property located in central British Columbia (the "Buck Property") from Hunter Dickinson Resources Ltd. ("HDRL"). Quartz has also made an application to graduate from the NEX Exchange to Tier 2 of the TSX Venture Exchange (the "TSX-V").