Q-Gold Taps Bay Street Heavyweight to Unlock Oregon Gold Project

TORONTO, ON – December 04, 2025 – In the high-stakes world of junior mining, a company's most valuable asset isn't always in the ground; sometimes, it's in the boardroom. Q-Gold Resources Ltd. (TSXV: QGR) made that clear this week with a strategic leadership overhaul that signals a decisive pivot from pure exploration toward aggressive development. The appointment of Jamsheed Mehta, the former Vice-Chair of BMO Capital Markets, to its Board of Directors is far more than a routine personnel change—it's a statement of intent.

Coupled with the addition of seasoned resource executive Scott Moore as VP of Corporate Development, Q-Gold is assembling the financial and operational firepower needed to advance its recently acquired flagship asset, the Quartz Mountain Gold Project in Oregon. This move isn't just about adding names to the letterhead; it's about building a bridge between promising geology and the capital required to turn it into a producing mine. For investors watching the junior space, Q-Gold's maneuvering provides a compelling case study in how a small-cap company can strategically position itself for significant value creation.

The Capital Markets Connection

The appointment of Jamsheed Mehta is the centerpiece of Q-Gold's new strategy. Bringing on a director with 35 years of capital markets experience, including a 31-year tenure at one of Canada's top investment banks, is a significant coup for a junior explorer. Mehta's career at BMO wasn't peripheral; he held senior roles including Head of Canadian Equities and served on the bank’s Equity Capital Commitments Committee, overseeing risk and cultivating institutional relationships. His final role as Vice-Chair, held from 2015 until his departure in 2023, placed him at the apex of Canadian mining finance.

This level of expertise is invaluable for a company like Q-Gold, which is now transitioning into a capital-intensive development phase. Advancing a project with a reported 1.54 million ounces of indicated gold resources requires sophisticated financing strategies that go well beyond simple equity raises. Mehta’s deep network and firsthand knowledge of how institutional investors, equity markets, and M&A financing operate will be critical. His presence on the board de-risks the financial path forward, providing credibility and strategic guidance that can attract the larger pools of capital necessary for mine development. As Q-Gold CEO Peter Tagliamonte noted, Mehta's “strategic insight into mining finance will be invaluable.” The market appears to agree, with QGR’s stock showing a nearly 17% gain over the past month, reflecting investor confidence in this fortified leadership team.

Operational Horsepower for a Flagship Asset

While Mehta brings the financial acumen, the appointment of Scott Moore as VP Corporate Development provides the necessary operational depth. Moore's resume includes CEO roles at Euro Sun Mining and Dacha Strategic Metals, giving him extensive experience in managing resource companies through various stages of growth. His role will be pivotal in executing the on-the-ground strategy for the Quartz Mountain project.

And the project itself is the reason for this strategic buildup. Acquired from major producer Alamos Gold earlier this year, Quartz Mountain is not a grassroots discovery. A technical report filed in October 2025 outlined a substantial resource: an indicated 1,543,000 ounces of gold and 2,049,000 ounces of silver, amenable to conventional open-pit mining. An additional inferred resource adds another 148,000 ounces of gold. These are not speculative numbers; they are the foundation upon which a mine can be built.

Recognizing this, Q-Gold has wasted no time. On November 21st, the company engaged the respected engineering firm Kappes, Cassiday & Associates (KCA) to initiate a Preliminary Economic Assessment (PEA). The PEA is a crucial step that will provide the first official economic picture of the project, outlining potential production rates, capital costs, and operating expenses. Moore’s experience will be key in overseeing this process and translating the technical report's resource numbers into a coherent and fundable mine plan.

A Strategic Acquisition Comes into Focus

Understanding the story behind Q-Gold's opportunity requires looking at why a major like Alamos Gold would divest such a promising asset. The transaction, which saw Alamos receive cash, milestone payments, and a 9.9% equity stake in Q-Gold, was a classic case of portfolio optimization. For Alamos, a multi-asset producer focused on its own large-scale growth projects, Quartz Mountain was a non-core asset. For Q-Gold, it's a company-making flagship.

This dynamic is common in the mining industry and often creates significant opportunities for well-managed junior companies. A project that may not be large enough to move the needle for a multi-billion-dollar producer can offer transformative potential for a smaller, more focused entity. Alamos Gold essentially monetized a dormant asset while retaining upside exposure through its equity position in Q-Gold. This vote of confidence from a major producer lends further credibility to the project's potential and Q-Gold's ability to advance it.

Q-Gold has stepped in to give Quartz Mountain the dedicated attention and capital it requires. The company is now fully focused on unlocking the value that was sitting on a larger company's shelf. This includes not just advancing the PEA, but also navigating the path to production. To that end, Q-Gold has also engaged SLR Environmental to manage baseline studies and formulate a permitting strategy. The project's location on federally administered land in a supportive county in southern Oregon is seen as a key advantage, potentially streamlining the path through the complex world of mine permitting and moving the project closer to reality.