Quartz Mountain Resources Ltd.

Climate Impact & Sustainability Data (2022, 2023, 2024)

Highly speculative nature of the resources industry requiring large capital investments with a small probability of finding economic mineral deposits.
General risks of mining, including country-specific risks (currency, political, social, permitting, and legal).
Negative working capital position and incurred losses since inception.
Depressed equity prices in financial markets for junior exploration companies.
Potential for delays or interference from groups opposed to mining.
Reliance on key personnel.
Competition from larger mining companies with greater resources.
Uninsurable risks (geological operating conditions).
Risks related to COVID-19 impacting operations, financing, and market conditions.

Actively managing cash reserves and curtailing activities to meet obligations.
Implementing cash management strategies.
Intending to comply with environmental laws and maintain good relations with local communities.
Actively monitoring the effects of economic and financing conditions on the business.
Reviewing discretionary spending, capital projects, and operating expenditures.

Highly speculative nature of the resources industry with large capital investments and low probability of finding economic mineral deposits.
General risks of mining, including country-specific risks (currency, political, social, permitting, and legal).
Negative working capital position and incurred losses since inception.
Depressed equity prices in financial markets for junior exploration companies.
Potential for delays or interference from groups opposed to mining.
Competition from other mining companies with greater resources.
Uninsurable risks (geological operating conditions).
Reliance on key personnel.
Potential adverse effects from COVID-19 on operations and financing.

Actively managing cash reserves and curtailing activities to meet obligations.
Implementing cash management strategies and reviewing discretionary spending.
Seeking additional debt or equity financing (though no assurance of success).
Intending to comply with environmental laws and maintain good relations with local communities.
Monitoring the effects of economic and financing conditions.

Frameworks Used: IFRS

Highly speculative nature of the resources industry with large capital investments and low probability of finding economic mineral deposits.
Country-specific risks (currency, political, social, permitting, legal).
Negative working capital position and incurred losses since inception.
Potential inability to obtain additional funding.
Highly competitive resources industry.
Reliance on key personnel.
Risks associated with information technology systems and cybersecurity.
Potential conflicts of interest.
General economic conditions and market volatility.
Potential interference from groups opposed to mining.
Uninsurable risks (geological operating conditions).

Actively managing cash reserves and curtailing activities.
Implementing cash management strategies.
Monitoring the effects of economic and financing conditions.
Reviewing discretionary spending, capital projects, and operating expenditures.
Complying with all environmental laws and maintaining good relations with local communities.

Frameworks Used: IFRS