Azimut Expands Elmer Project with K2 Acquisition

Deal News | Jul 03, 2025 | Globenewswire

Azimut Expands Elmer Project with K2 Acquisition

Azimut Exploration Inc., a leading mineral exploration company based in Longueuil, Quebec, has announced the acquisition of the K2 Property from Dios Exploration Inc. for a cash payment of C$120,000 and 200,000 shares. This strategic purchase expands Azimut's flagship Elmer Project in the Eeyou Istchee James Bay region, consolidating its influence over the Lower Eastmain Archean greenstone belt. The expansion offers notable mineral prospects such as gold-copper-silver veins, enhancing future exploration activities. The acquisition reinforces Azimut's extensive portfolio in Quebec and its robust strategic approach in mineral exploration, aided by its proprietary data analytics system. Current and prospective explorations aim to unlock additional resources, contributing to the company's growth and positioning within the mineral sector.

Sectors

  • Mineral Exploration
  • Mining

Geography

  • Quebec, Canada – The Elmer Project and K2 Property are located in the Eeyou Istchee James Bay region in Quebec, reflecting the geographical focus of Azimut's mining activities.

Industry

  • Mineral Exploration – The article discusses Azimut's acquisition of the K2 Property adjacent to its Elmer Project, involving exploration and expansion of mineral claims in Quebec.
  • Mining – Azimut engages in mining activities, exploring gold and copper deposits as part of its strategic expansion of their mineral claim holdings.

Financials

  • C$120,000 – Cash payment made by Azimut for the acquisition of the K2 Property.
  • 200,000 common shares – Shares issued by Azimut to Dios in part for the acquisition of the K2 Property.

Participants

NameRoleTypeDescription
Azimut Exploration Inc.Acquiring CompanyCompanyA leading mineral exploration company with strategic land positions in Quebec.
Dios Exploration Inc.Selling CompanyCompanyA mineral exploration company involved in the sale of the K2 Property to Azimut.
Dr. Jean-Marc LulinCEO of AzimutPersonPresident and CEO of Azimut, and the qualified person approving the scientific and technical information for the press release.