Q-Gold Resources Executes Strategic Milestone with Quartz Mountain Acquisition, $11.5M Financing Round, and Expanded Board Leadership to Accelerate 2026 Development

The Transformational Deal: Building Oregon’s Next Gold Champion

Q-Gold Resources Ltd. (TSXV: QGR; OTCQB: QGLDF; Börse Frankfurt: QX9G) has fundamentally reshaped its portfolio through a series of decisive actions in late 2025. The company’s flagship asset—the Quartz Mountain Gold Project spanning approximately 4,823 acres in south-central Oregon—emerged as the centerpiece of an ambitious development roadmap that positions the firm to transition from explorer to developer.

The acquisition of this advanced-stage property from Alamos Gold Inc. in October 2025 represented far more than a standard project transaction. The deal unlocked access to over 90,000 meters of historical drilling data, established infrastructure including paved road access and electrical connectivity, and situated QGold in one of North America’s most prolific gold belts.

Capital Mobilization: The $11.5M Financing Framework

In tandem with the project acquisition, QGold secured $11.5 million in fully subscribed private placement financing, with BMO Capital Markets functioning as lead agent. This capital raise, which included a 15% overallotment, provided the financial runway necessary to execute multiple workstreams across the company’s portfolio.

The financing deployment strategy targets three primary channels: advancing the preliminary economic assessment, accelerating permitting processes, and funding exploration programs at both the Quartz Mountain and Mine Centre properties. This structured capital allocation reflects a disciplined approach to de-risking the development pathway.

Mineral Resource Blueprint: The Technical Foundation

QGold’s October 2025 NI 43-101 technical report established a robust mineral resource baseline for Quartz Mountain. The indicated mineral resource category contains an estimated 1,543,000 ounces of gold at 0.96 g/t, coupled with 2,049,000 ounces of silver at 1.27 g/t within 50,002,000 tonnes. The inferred category adds 148,000 ounces of gold at 0.77 g/t and 135,000 ounces of silver at 0.70 g/t within 5,992,000 tonnes.

Critically, these resources are amenable to conventional open-pit mining methods, a technical characteristic that significantly de-risks the project’s path to production. The sheer scale and grade profile provide shareholders with tangible exposure to a material gold-silver deposit in a mining-friendly jurisdiction.

Engineering & Permitting: Accelerating the Development Timeline

To translate the mineral resource estimate into bankable studies, QGold engaged Kappes, Cassiday & Associates—a Reno-based engineering powerhouse with extensive gold project and heap leach operation credentials. Kappes Cassiday is executing the preliminary economic assessment (PEA), expected to conclude in Q2 2026. This study will evaluate mining methodologies, processing alternatives, capital intensity, operating cost profiles, and financial return scenarios.

Simultaneously, SLR International Corporation—an environmental consulting leader with Portland-based operations and two decades of Oregon experience—commenced baseline environmental investigations and permitting groundwork. This parallel-track approach compresses timelines by enabling regulatory discussions to progress alongside technical studies, positioning QGold to streamline approvals once economic feasibility is demonstrated.

Oregon’s well-established mining regulatory framework provides regulatory clarity, a condition that enhances predictability for development companies willing to engage transparently with agencies and host communities.

Enhanced Leadership for Development-Stage Execution

QGold strengthened its board with two industry figures bringing deep sector credibility. Scott Parsons, current VP Exploration at Alamos Gold, joins as Director, bringing decades of exploration and resource development experience plus advanced degrees in geology and business administration. His professional registration as a geoscientist and fellowship standing position him to guide technical advancement.

Jamsheed Mehta, former Vice Chair of BMO Capital Markets, adds institutional capital markets sophistication. During his BMO tenure through 2023, Mr. Mehta oversaw Canadian equities, derivatives, and ETFs divisions, culminating in Vice Chair responsibilities. His career trajectory includes advising mining companies across exploration, production, and M&A finance phases, with direct involvement in shaping institutional equity capital strategies.

Dual-Project Momentum: Mine Centre and Quartz Mountain

Beyond the flagship Quartz Mountain initiative, QGold advanced exploration at its Mine Centre Gold Project in Ontario’s Quetico region. The company executed two drill campaigns during 2025, targeting high-priority structures in an area documented to host over 50 gold-bearing veins. This campaign represents early-stage expansion of the historic Foley Mine area mineralization.

Strategic proximity to producing infrastructure—including the Rainy River Mine (operated by New Gold) and the Hammond Reef Development Project (Agnico Eagle)—provides logistical context for Mine Centre’s longer-term potential.

Market Access Expansion

To enhance trading accessibility for U.S. shareholders, QGold initiated OTCQB® Venture Market quotation under the symbol “QGLDF” in 2025, complementing its primary TSXV listing (QGR) and Börse Frankfurt presence (QX9G). This multi-exchange strategy broadens liquidity pathways and institutional access.

2026 Value Creation Catalysts

The company’s 2026 roadmap targets specific milestones designed to systematically de-risk Quartz Mountain’s development pathway:

Economic & Technical Studies: Completion of the robust PEA establishing mining methodology, processing flowsheet, and financial return profile. Parallel metallurgical drilling programs and column leach testing will optimize recovery assumptions and support feasibility study progression.

Permitting Advancement: Securing initial exploration permits enabling expanded surface and drilling activities, facilitating mineral resource estimate growth and technical field studies.

Exploration Expansion: Initiating targeted fieldwork and drilling at the underexplored Angel’s Camp portion of the Quartz Mountain land package, while conducting infill drilling on the core project to support resource estimate upgrades and metallurgical program requirements.

Industry Engagement: Active participation in major mining conferences and investor forums to showcase progress, expand shareholder awareness, and cultivate institutional and retail investor relationships.

Strategic Portfolio Assessment: Continued evaluation of complementary North American gold and silver acquisition opportunities aligned with the disciplined value-accretion thesis focused on mining-friendly jurisdictions with established infrastructure.

The Thesis Forward

Peter Tagliamonte, President and CEO, summarized the strategic positioning: “The execution in 2025—acquisition of a significant advanced-stage asset, substantial capital mobilization, and engagement of world-class technical and permitting partners—establishes the platform for 2026 to be defined by execution and shareholder value creation. By systematically progressing Quartz Mountain through economic studies, permitting, and exploration programs, we intend to deliver multiple catalysts demonstrating the project’s compelling economic potential and establishing QGold as an emerging North American gold developer committed to responsible practices, transparent stakeholder engagement, and long-term value generation for equity holders, host communities, and regional stakeholders.”