Azimut Exploration Inc

Description

Azimut Exploration Inc. is a TSXV-listed project generator focused on the James Bay region and Nunavik of Quebec, Canada, applying its proprietary AZtechMine predictive targeting methodology across a diversified portfolio spanning gold, antimony, copper, nickel, and lithium. The company's two 100%-owned flagship assets are the Elmer gold-copper-zinc-silver project, hosting the Patwon deposit (311,200 oz indicated at 1.93 g/t Au plus 513,900 oz inferred at 1.94 g/t Au, 2023 estimate), and the Wabamisk gold-antimony-lithium project, featuring a 30-kilometre-long district-scale gold corridor with the antimony-gold Fortin Zone, gold-bearing Rosa Zone, and lithium-bearing Lithos Zone.

Beyond its flagship projects, Azimut maintains a substantial partnered and generative portfolio, including the KGHM-optioned Kukamas nickel-platinum group elements project (50% earned interest, anchored by the high-grade Perseus Zone nickel-PGE discovery made in 2024) and a strategic alliance with SOQUEM covering the Northern Nickel Corridor, a 360-kilometre by 60-kilometre regional land package comprising 27 claim blocks and 821.7 km² currently undergoing a large-scale heliborne geophysical survey. As of February 28, 2026, the company held a strong treasury of approximately C$4.1 million in cash plus C$15.6 million in investments, supporting continued exploration across its multi-commodity, multi-partner portfolio.

Weakness

List of projects

Project 1: Elmer Project — 100% interest, James Bay region, Quebec, Canada; metals: Gold, Copper, Zinc, Silver.
Project 2: Wabamisk Project — 100% interest, James Bay region, Quebec, Canada; metals: Gold, Antimony, Lithium.
Project 3: Kukamas Project — 50% earned interest (KGHM option), James Bay region, Quebec, Canada; metals: Nickel, Platinum Group Elements.
Project 4: Northern Nickel Corridor — Strategic alliance with SOQUEM, James Bay region, Quebec, Canada; metals: Nickel.
Project 5: Other properties (Corvet, Doran, JB Lithium, JB Nickel, Kaanaayaa, Rex-Duquet, Rex South, Wabamisk East, Wapatik) — various interests, Quebec, Canada; metals: Gold, Lithium, Nickel.

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