Quartz Mountain Resources Ltd. (QZM) Financings
TSXV: QZM · Gold, Silver, Copper · Exploration stage
- Market cap$28.3M
- Share price$0.380
- 52-week range$0.315 – $0.990
- Shares outstanding74,563,883
- ExchangeTSXV
- Websitewww.quartzmountainresources.com
Headquartered in Vancouver, Canada, Quartz Mountain Resources Ltd. (TSXV:QZM, OTCQX: QZMRF) is a well-funded public company whose successful mine-finding management team is focused on discovering and advancing important-scale gold, silver and copper projects in BC. The Company owns 100% of the Maestro gold-silver project and 100% of the Jake porphyry copper-gold-silver project. Both projects are permitted by the BC government for drilling activities with access to infrastructure and high potential for the development of substantial resources for significant future transactions. Quartz is associated with Hunter Dickinson Inc. (HDI), a company with over 35 years of successfully discovering, developing and transacting mineral projects in Canada and internationally. Former HDI projects in British Columbia included Mount Milligan, Kemess South and Gibraltar all of which are porphyry copper±gold deposits that are currently producing or formerly producing mines.
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Quartz Mountain Resources Ltd. financial statements
Key figures read from 39 of 39 financial statement filings, Oct 3, 2016 to Mar 25, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$3,076,972 | C$1,906,327 | C$97,469 | C$321,791 | C$206,443 |
| Total current assets | C$3,163,211* | C$2,009,669* | C$121,390* | C$340,447* | C$211,555* |
| Total current liabilities | C$281,443 | C$322,872 | C$50,518 | C$299,535 | C$93,708 |
| Working capital | C$2,881,768 | C$1,686,797 | C$70,872 | C$40,912 | C$117,847 |
| Exploration and evaluation assets | C$1,021,350 | C$987,050 | C$715,000 | C$465,000 | C$340,000 |
| Total assets | C$4,191,982 | C$3,014,035 | C$863,601 | C$842,553 | C$598,556 |
| Total liabilities | C$281,443 | C$333,041 | C$72,903 | — | C$135,041 |
| Shareholders' equity | C$3,910,539 | C$2,680,994 | C$790,698 | C$510,265 | C$463,515 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jul 2025 | FY Jul 2024 | FY Jul 2023 | FY Jul 2022 | FY Jul 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$179,184 | C$86,623 | C$65,903 | C$112,028 | C$47,225 |
| Share-based compensation | C$416,742 | C$0 | C$640,860 | C$399,140 | C$0 |
| Net income (loss) | (C$3,473,539) | (C$2,436,802) | (C$910,464) | (C$997,845) | (C$79,967) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jul 2024 | FY Jul 2023 | FY Jul 2022 | FY Jul 2021 | FY Jul 2020 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$2,336,445) | (C$523,776) | (C$445,680) | (C$277,112) | (C$242,877) |
| Investing cash flow | (C$7,911) | (C$237,590) | (C$71,635) | C$47,775 | C$1,091 |
| Financing cash flow | C$4,153,214 | C$537,044 | C$632,663 | C$229,251 | C$375,942 |
| Exploration spending (capitalized) | (C$33,000) | (C$250,000) | (C$75,000) | (C$130,000) | — |
| Proceeds from share issues | C$3,514,826 | C$550,000 | C$0 | (C$4,981) | C$483,442 |
| Change in cash | C$1,808,858 | — | C$115,348 | (C$86) | C$134,156 |
| Cash at end of period | C$1,906,327 | — | C$321,791 | C$206,443 | C$206,529 |
Quartz Mountain Resources Ltd. financings
5 financings announced or closed by Quartz Mountain Resources Ltd., read by Mining News Terminal, newest first.
Quartz Mountain Resources Ltd. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Quartz Mountain Resources Ltd. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2016-01-20 | Convertible debenture, repaid / settled | Bearclaw Capital Corp | C$1,438 | — |
| 2014-10-10 | Convertible debenture, repaid / settled | — | C$50,000 | — |
| 2014-10-10 | Convertible debenture, amended | — | C$550,000 | 7.5% |