• Quartz Mountain Resources closed a private placement of 4,247,500 Units on October 16, 2026, raising $1.7 million.
• Current working capital now totals $4 million.
• Chairman Robert Dickinson and associates received 1,500,000 FT Units; insider The Sutton Group received 1,500,000 Units.
• Net FT Unit proceeds will exclusively fund exploration of the company's British Columbia gold-silver-copper projects.
• Non-FT Unit proceeds will fund exploration of those projects and general working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Quartz Mountain Resources Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202610160745ACCESSWRNAPR_____1237510) on October 16, 2026, and is solely responsible for the information contained therein.