Azimut Exploration Inc.
TSXV:AZMTo discover economic deposits of metals that are essential to human activities. Azimut is a Canadian leader in mineral exploration. The Company aims to create value by discovering major deposits while supporting economic and social development. Azimut is guided by technical excellence, innovation, and an ethical approach in all its operations.
Projects
Active mining projects and exploration sites
Corvet
The Corvet property lies immediately south of the emerging Corvette (PMET) lithium district, near the Trans-Taiga Road, a nearly 600-km-long gravel highway running east-west through the James Bay region. It is 55 km southwest of the La Grande-4 airstrip and 225 km east-southeast of Radisson. The property straddles a major tectonic boundary and displays a strong multi-element (Ag-As-Bi-Cu-Sb) spatial association in lake-bottom sediments. The property also covers an outstanding lithium exploration target represented by a prominent 26-km-long Li anomaly in lake-bottom sediment coupled with strong Rb, Cs, Ga and Sn footprints.
Dalmas
The Dalmas gold property is a 50/50 JV project with SOQUEM, located 25 km south of the Trans-Taiga Road, a nearly 600-km-long gravel highway running east-west through the James Bay region. The property covers a sheared greenstone belt characterized by a strong As-Bi-Cu footprint in lake-bottom sediments. The target deposit type is shear zone-hosted gold deposits.
Elmer
The Elmer property is Azimut’s most advanced project. During the maiden 2019 diamond drilling program, the company made a significant gold discovery at thePatwon Gold Zone. The main highlight was a drill hole returning102.5 m grading 3.15 g/t Au, including 10.1 g/t Au over 20.5 m. Subsequent drilling programs have expanded the zone and confirmed the potential for other significant mineralization on the property.
JB Lithium
Gold exploration and development project
JB Nickel
Gold exploration and development project
Kukamas
The Kukamas property covers a 41-kilometre cumulative strike length along a highly prospective greenstone belt. It displays one of the strongest geochemical footprints for copper-gold systems in the James Bay region, marked by strong values in copper, silver, arsenic and antimony in lake-bottom sediments.
Pilipas
The Pilipas property is a project adjacent to the north of the Munischiwan project (Azimut - SOQUEM JV) and the west of the Elmer East project (Quebec Precious Metals Corporation). Pilipas displays significant exploration potential for lithium-cesium-tantalum (LCT) pegmatites as well as for intrusion-related and volcanogenic massive sulphides gold-copper systems. The Billy-Diamond Highway passes through the centre of the property.
Wabamisk
The Wabamisk property is a ~40 km by 10 km gold project located about 70 km south of the Eleonore gold mine (Newmont Corporation) and has a comparable geological context and geochemical signature. It is also 13 km east of the Clearwater property (Fury Gold Mines Ltd) and 42 km northeast of the Whabouchi property (Nemaska Lithium Inc.). Major powerlines pass through or close to the property's eastern end, and the North Road highway passes 37 km to the south. The nearest town is Nemaska, a Cree community, 55 km to the southeast.
Wabamisk East
Gold exploration and development project
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About Azimut Exploration Inc.
Azimut Exploration Inc. (TSXV: AZM) is a mineral exploration company with projects spanning gold, lithium, nickel with ground in Canada.
The company holds 9 projects on file, at the early exploration stage.
1 financing is on record, totalling approximately $7.0M, most recently in August 2026.
20 press releases are tracked here, 2 of them financing-related, with the most recent dated Aug 18, 2026.
To discover economic deposits of metals that are essential to human activities. Azimut is a Canadian leader in mineral exploration. The Company aims to create value by discovering major deposits while supporting economic and social development. Azimut is guided by technical excellence, innovation, and an ethical approach in all its operations.
Key facts
| Listing | TSXV: AZM |
|---|---|
| Market capitalisation | $48.5M |
| Projects on file | 9 |
| Commodities | Gold, Lithium, Nickel |
| Jurisdictions | Canada |
| Financings on record | 1 |
Projects
| Project | Commodity | Location | Stage |
|---|---|---|---|
| Corvet | Gold | Canada | Early exploration |
| Dalmas | Gold | Canada | Early exploration |
| Elmer | Gold | Canada | Early exploration |
| JB Lithium | Lithium | — | Exploration |
| JB Nickel | Nickel | — | Exploration |
| Kukamas | Gold | Canada | Early exploration |
| Pilipas | Gold | Canada | Early exploration |
| Wabamisk | Gold | Canada | Early exploration |
| Wabamisk East | — | — | Exploration |
Financing history
| Announced | Type | Amount | Warrants |
|---|---|---|---|
| Aug 18, 2026 | Private placement | $7.0M | — |
Warrants attached to past raises are future dilution at a fixed price. The Warrant Overhang Radar tracks the resulting overhang, and the Dilution Tracker shows how the share count has grown.
Recent news releases
- Aug 18, 2026Azimut Closes $7 Million Private Placement Financing with Participation of Key Existing Shareholders
- Jul 20, 2026Azimut Announces $7 Million Private Placement Financing
- Jul 16, 2026Azimut and KGHM Launch 2026 Campaign at Kukamas
- Jul 14, 2026Azimut Drills High-Grade Lithium Pegmatites at Wabamisk East
- Jun 30, 2026Azimut Provides 2026 Summer Exploration Update
- May 29, 2026Azimut Adopts Semi-Annual Financial Reporting
- May 26, 2026Azimut Drills 46.41 g/t Au over 3.50 m, incl. 155 g/t Au over 1.0 m on Rosa Zone, Wabamisk Property, James Bay, Québec
- May 20, 2026Azimut Continues to Expand the Fortin Antimony-Gold Zone, Wabamisk Property, James Bay Region, Québec
- May 19, 2026Azimut and SOQUEM Sign Definitive Agreement for the Northern Nickel Corridor Project
- Apr 14, 2026Azimut and SOQUEM Sign a Letter of Intent for the Northern Nickel Corridor Project