Azimut Exploration (OTCQX: AZMTF, TSXV: AZM) highlights two 100%-owned flagship gold projects in Quebec's James Bay region. The company is advancing its resource-stage Elmer project and Wabamisk project, targeting gold and critical minerals.
According to Azimut Exploration, more than 20,000 m of drilling is planned this year, complemented by partner-funded initiatives that provide additional optionality at no cost in one of Canada's most active mining districts.
PMET Resources (OTCQX: PMETF; TSX: PMET) agreed to acquire a 100% interest in the Pikwa Property from Azimut (OTCQX: AZMTF) and SOQUEM, expanding its James Bay land position west of Shaakichiuwaanaan.
The Pikwa package comprises 509 claims (~10 km) along a greenstone belt, bringing PMET's contiguous control to over 70 km across Shaakichiuwaanaan, Pikwa and Pontois. Targets include LCT pegmatites (Li-Cs-Ta), spodumene occurrences, orogenic gold and porphyry-style Cu-Au-Ag prospects.
Consideration: 841,916 PMET shares at a deemed $3.68/share plus two separate 1% NSR royalties. Closing is subject to TSX approval and customary conditions.
Patriot Battery Metals Inc. expands its land position at the Corvette Property through the acquisition of a proximal claim block from Azimut Exploration Inc. The acquisition includes 39 claims located in Quebec, enhancing the company's exploration potential for lithium, cesium, and tantalum. The deal involves a cash payment of $500,000, issuance of 150,000 common shares to Azimut, and a 2% net smelter returns royalty interest. The completion is pending TSX approval.
Summary not available.