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Quartz Mountain Resources ( (TSE:QZM) ) has provided an update.
Quartz Mountain Resources has expanded its 100%-owned Maestro Project in central British Columbia by acquiring a 113-hectare mineral claim from Wild West Gold Corp., increasing the project’s total land package to 2,422 hectares. The newly acquired claim, located immediately east of existing Maestro claims, secures ground adjacent to a recently identified multi-element soil geochemical anomaly, strengthening the company’s control over prospective mineral host rocks in an area with geological characteristics and mineralization age similar to Artemis Gold’s nearby Blackwater Mine. The low-cost, share-based transaction, subject to TSX Venture Exchange approval, supports Quartz’s strategy of consolidating high-potential gold-silver-copper assets, bolsters protection around its emerging Prodigy Au-Ag-Mo-Cu discovery where over 8,300 metres of drilling have been completed, and underpins a fully funded Phase 4 drill program set to begin in early February 2026, potentially enhancing the project’s resource upside and future transaction appeal for major operators.
The most recent analyst rating on (TSE:QZM) stock is a Hold with a C$0.93 price target. To see the full list of analyst forecasts on Quartz Mountain Resources stock, see the TSE:QZM Stock Forecast page.
Spark’s Take on TSE:QZM Stock
According to Spark, TipRanks’ AI Analyst, TSE:QZM is a Neutral.
The score is held down primarily by weak financial performance (no revenue, widening losses, and ongoing cash burn). This is partially offset by strong technical momentum (price above key moving averages with positive MACD) and supportive recent corporate updates (OTCQX uplist and encouraging exploration progress), though overbought signals and loss-driven negative P/E limit the rating.
To see Spark’s full report on TSE:QZM stock, click here.
More about Quartz Mountain Resources
Quartz Mountain Resources is a Vancouver-based, well-funded mineral exploration company focused on discovering and transacting large-scale gold, silver and copper projects in British Columbia. The company owns 100% of the Maestro gold-silver project and the Jake porphyry copper-gold-silver project, both drill-permitted with access to key infrastructure, and is associated with Hunter Dickinson Inc., a group with a long track record in discovering and advancing major mining projects in Canada and abroad. Quartz emphasizes responsible mineral development, community engagement and rigorous environmental standards in advancing its portfolio of critical and essential mining assets.
Average Trading Volume: 36,115
Technical Sentiment Signal: Buy
Current Market Cap: C$62.01M
See more insights into QZM stock on TipRanks’ Stock Analysis page.