Quartz Mountain Announces Strong Warrant Exercise and Maestro Project Update

Quartz Mountain Resources Ltd. has declared that 96% of the warrants from its 2025 private placement have been exercised, with warrant holders opting to act prior to the March 2026 deadline. Bob Dickinson, Chairman, views this as an endorsement of the company's exploration approach, particularly at the Maestro Project in central British Columbia. The exercise adds C$2.88 million to the company's finances, supporting ongoing drilling operations.

The ongoing Phase 4 drilling at Maestro's Prodigy area is meeting expectations, with approximately 3,000 meters drilled. This drilling aims to identify new mineralization potential and will continue as long as conditions permit. Results will be disclosed following lab processing.

The company's financial stability now stands at C$3.8 million, set to bolster expansion efforts at the Maestro Project, which shows positive early results in gold and silver findings.