Quartz Mountain Resources Secures $4.2 Million for Maestro Project Drilling

The latest update is out from Quartz Mountain Resources ( (TSE:QZM) ).

Quartz Mountain Resources has successfully closed a $4.2 million equity financing to fund its exploration activities, particularly the delineation drilling at the Prodigy high-grade gold-silver discovery on the Maestro project in British Columbia. The financing, which involved the issuance of 10 million units, will support the company’s strategy of developing high-value mineral discoveries, potentially leading to significant gains and attracting transaction partners. The funds will be used for drilling, exploration, and general working capital, with a focus on the Maestro project’s promising mineralizing events.

More about Quartz Mountain Resources

Quartz Mountain Resources, headquartered in Vancouver, Canada, is a public company focused on discovering and transacting significant gold, silver, and copper deposits in British Columbia. The company owns 100% of the Maestro high-grade gold-silver project and the Jake porphyry copper-gold-silver project, both of which are permitted for drilling. Quartz is associated with Hunter Dickinson Inc., a company with a history of successful mineral project developments in Canada and internationally.

YTD Price Performance: 47.73%

Average Trading Volume: 26,038

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$38.26M

For a thorough assessment of QZM stock, go to TipRanks’ Stock Analysis page.