Azimut Exploration's Annual General Meeting Results
Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV:AZM) (OTCQX:AZMTF) is excited to share the results from its Annual General Meeting (AGM) of shareholders. The meeting was held on February 20, 2025, where shareholders actively participated in shaping the Company’s future.
Shareholder Engagement
During the AGM, a total of 45,175,458 shares were represented, showing a strong participation of 52.72% of the issued and outstanding shares. This engagement reflects the shareholders’ commitment to the Company and their interest in the decisions being made.
Voting Outcomes
Shareholders approved all resolutions presented at the meeting. These included the election of directors and the appointment of auditors. The results illustrated unanimous support for the leadership team, fostering confidence in the Company’s direction.
Directors Elected
The following directors were elected, with votes indicating significant backing:
- Glenn J. Mullan: 43,224,896 votes (99.35% in favor)
- Jean-Marc Lulin: 43,393,048 votes (99.73% in favor)
- Jean-Charles Potvin: 43,363,648 votes (99.67% in favor)
- Jacques Simoneau: 43,386,548 votes (99.72% in favor)
- Michel Brunet: 43,395,148 votes (99.74% in favor)
- Christiane Bergevin: 43,395,368 votes (99.74% in favor)
- Vanessa Laplante: 43,394,868 votes (99.74% in favor)
Appointment of Auditors
In addition, the appointment of auditors was approved with 44,291,333 votes, reflecting a 99.48% approval rate. This demonstrates strong trust in the Company's financial oversight and governance.
Leadership Updates
After the AGM, the Board of Directors reaffirmed its leadership structure, reappointing key executives: Jean-Marc Lulin continues as President and CEO, Moniroth Lim remains as CFO and Corporate Secretary, and Jonathan Rosset serves as VP Corporate Development while Rock Lefrancois is the VP Exploration.
Stock Options Granted
The Board also decided to grant 10,000 stock options to a director for their role as chair of the audit committee, set at an exercise price of $0.57 per share, valid for a 10-year term. This aligns the incentives of leadership with the long-term interests of shareholders.
About Azimut Exploration
Azimut stands out as a leading mineral exploration company known for its innovative target generation and robust partnership strategies. Holding the largest mineral exploration portfolio in Quebec, the Company controls key land positions for essential minerals including gold, copper, nickel, and lithium.
The flagship project, the Elmer Gold Project, is already at the resource stage, boasting impressive estimates of 311,200 oz indicated and 513,900 oz inferred. There is substantial potential for exploration expansion as the Company continues to advance its interests in the Galinée lithium discovery, alongside its partner, SOQUEM Inc.
Exploration Achievements
Azimut is making noteworthy progress across several projects. In the past year, significant exploration advancements were recorded on various projects including:
- Wabamisk: Focusing on antimony-gold and lithium.
- Kukamas: Exploring nickel-copper-PGE.
- Pilipas: Further developing lithium resources.
The Company implements a unique approach involving AZtechMine™, a proprietary big data analytics system, augmenting their exploration capabilities with extensive analytical expertise. Azimut's commitment to disciplined financial management and a strong balance sheet is evident with 85.7 million shares issued and outstanding.
Contact Information
Jean-Marc Lulin, President and CEO
Tel.: (450) 646-3015 – Fax: (450) 646-3045
Jonathan Rosset, Vice President Corporate Development
Tel.: (604) 202-7531
Email: info@azimut-exploration.com
Website: www.azimut-exploration.com
Frequently Asked Questions
What were the main outcomes of the AGM?
The AGM resulted in the election of directors, the appointment of auditors, and the granting of stock options to a director.
How many shares were represented at the AGM?
A total of 45,175,458 shares were represented, which is 52.72% of the Company’s issued shares.
Who were the reappointed executives?
The reappointed executives are Jean-Marc Lulin (President and CEO), Moniroth Lim (CFO and Corporate Secretary), Jonathan Rosset (VP Corporate Development), and Rock Lefrancois (VP Exploration).
What is the significance of the Elmer Gold Project?
The Elmer Gold Project is Azimut's flagship project, currently at the resource stage with substantial gold estimates, reflecting its exploration potential.
How does Azimut approach exploration?
Azimut employs a pioneering method using the AZtechMine™ expert system, combining extensive data analysis with exploration know-how to identify promising targets.
