Azimut Exploration Offers Stock Options to Team Members

Azimut Exploration Announces Stock Options Granted

LONGUEUIL, Quebec — Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) (OTCQX: AZMTF) has announced the granting of 845,000 stock options to its directors, officers, employees, and consultants as part of its commitment to reward its team members. This significant allocation includes 730,000 options for directors and officers while 115,000 are earmarked for employees and consultants. The options come with an exercise price of $0.61 per share and have a long exercise period of 10 years, providing substantial motivation for those involved.

Overview of Azimut Exploration

Renowned for its innovative approach to mineral exploration, Azimut holds the largest exploration portfolio in Quebec. This expansive collection includes strategically positioned land for copper-gold, nickel, and lithium resources. The Company is dedicated to advancing its exploration initiatives and fostering solid partnerships that drive development.

Key Project: Elmer Gold Project

Among its notable properties, the Elmer Gold Project stands out. It is currently at the resource evaluation stage with an impressive resource estimate of 311,200 oz Indicated and 513,900 oz Inferred. This project not only highlights Azimut's exploration capabilities but also offers significant potential for future development.

Recent Developments in Lithium Exploration

Furthermore, Azimut is making strides in its Galinée lithium discovery, collaborating with SOQUEM Inc. This partnership aims to enhance exploration outcomes, promising exciting developments ahead. In addition to the Galinée project, Azimut is actively pursuing exploration in several other areas such as Wabamisk (targeting antimony-gold and lithium), Kukamas (nickel-copper-PGE), and Pilipas (lithium), reflecting the Company's dedication to diversifying its mineral portfolio.

Innovative Approach with Big Data

Azimut employs a pioneering strategy for data analysis through its proprietary system, AZtechMine™. This advanced system integrates extensive exploration expertise with big data analytics, granting Azimut a competitive advantage in identifying and exploiting mineral resource opportunities. By leveraging systematic regional-scale data analysis, the Company enhances its ability to make informed decisions in the rapidly evolving mining sector.

Financial Discipline and Market Position

Maintaining a robust financial infrastructure is paramount for Azimut. The Company prides itself on having a strong balance sheet with 85.6 million shares issued and outstanding, which positions it well for future endeavors. Their strategic financial discipline plays a crucial role in supporting ongoing exploration activities and project development initiatives.

Connect with Azimut Exploration

Interactions with the Company are essential for stakeholders interested in their ongoing activities and developments. For further inquiries, contact Jean-Marc Lulin, President and CEO, or Jonathan Rosset, Vice President of Corporate Development. Here are their contact details: Jean-Marc Lulin
Tel: (450) 646-3015
Fax: (450) 646-3045
Jonathan Rosset
Tel: (604) 202-7531
Email: info@azimut-exploration.com | Website: www.azimut-exploration.com

Frequently Asked Questions

What are the stock options granted by Azimut?

Azimut has granted a total of 845,000 stock options to its team, aimed at incentivizing and rewarding their contributions.

What is the exercise price of the stock options?

The stock options come with an exercise price of $0.61 per share, providing an exciting opportunity for team members.

Where is Azimut Exploration's largest portfolio located?

Azimut holds the largest mineral exploration portfolio in Quebec, focusing on copper-gold, nickel, and lithium.

What is significant about the Elmer Gold Project?

The Elmer Gold Project is notable for its strong resource estimates and substantial exploration potential, with over 800,000 ounces of gold indicated and inferred.

How does Azimut leverage technology in exploration?

Azimut utilizes the AZtechMine™ system for data analysis, combining big data with exploration expertise to enhance mineral resource identification.

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