QGold Resources Delivers Transformational Year With Quartz Mountain Gold Project Acquisition, $11.5m Financing, and Updated Mineral Resource Estimate; Advances 2026 Development Strategy

Core Insights - Q-Gold Resources Ltd. has made significant progress in 2025, including the acquisition of the Quartz Mountain Gold Project and securing $11.5 million in financing, positioning the company for growth in 2026 [2][3][4]. Financial Overview - The company successfully closed a private placement financing for gross proceeds of $11.5 million, which will be used for advancing work on both the Quartz Mountain and Mine Centre gold projects [3]. - The financing included a 15% overallotment and was facilitated by BMO Capital Markets [3]. Project Acquisition and Development - Q-Gold acquired the Quartz Mountain Gold Project from Alamos Gold Inc., which includes two properties totaling approximately 4,823 acres in Oregon's gold belt [4][5]. - The project benefits from over 90,000 meters of historical drilling and extensive geological data, enhancing its potential for resource development [5]. Mineral Resource Estimate - An updated mineral resource estimate for the Quartz Mountain Gold Project was disclosed, indicating 1.543 million ounces of gold at a grade of 0.96 g/t and 2.049 million ounces of silver at a grade of 1.27 g/t within the indicated category [15][29]. - An additional 148,000 ounces of gold at 0.77 g/t and 135,000 ounces of silver at 0.70 g/t were reported in the inferred category [15][29]. Economic Assessment and Technical Studies - The company has engaged Kappes, Cassiday & Associates to conduct a Preliminary Economic Assessment (PEA) for the Quartz Mountain Gold Project, expected to be completed in Q2 2026 [9][10]. - The PEA will evaluate mining methods, processing options, capital and operating costs, and overall project economics [9][10]. Permitting and Environmental Studies - Q-Gold has engaged SLR International Corporation to advance environmental studies and permitting applications for the Quartz Mountain Gold Project, ensuring efficient project development timelines [16][17]. - Early-stage permitting work is progressing alongside technical studies to streamline the approval process [16][17]. Exploration Activities - The company completed two drill campaigns at the Mine Centre Gold Project in Ontario, focusing on high-priority targets to expand its understanding of the project's gold potential [12][14]. - A robust exploration program is planned for 2026, including targeted fieldwork and drilling at both the Quartz Mountain and Angel's Camp portions of the project [23][24]. Strategic Board Enhancements - Q-Gold strengthened its board by adding industry leaders Scott Parsons and Jamsheed Mehta, enhancing the company's strategic guidance and capital markets relationships [18][20][22]. Future Catalysts - Key priorities for 2026 include completing the PEA, advancing initial exploration permits, and initiating exploration activities at both Quartz Mountain and Angel's Camp [23][24]. - The company aims to deliver multiple catalysts that highlight the project's potential and position Q-Gold as an emerging North American gold developer [24].