Azimut Completes Galinée Property Transaction with LiFT Power, James Bay Region, Quebec

Core Viewpoint - Azimut Exploration Inc. has completed the sale of its 50% interest in the Galinée Property to LiFT Power Ltd., receiving a total consideration of approximately $13.4 million, which includes common shares and a deferred payment [2][3]. Group 1: Acquisition Details - LiFT Power acquired Azimut's interest by issuing 2,000,000 common shares and granting Azimut a 1.4% NSR royalty on the Galinée Property [2]. - Azimut is entitled to a deferred payment of $1,500,000, which can be paid in cash or common shares of LiFT, contingent on specific terms [2]. Group 2: Azimut's Current Holdings - Azimut now holds equity interests valued at approximately $15 million in various companies and has generated royalty interests on three lithium properties [3]. - The royalty interests include a 2% NSR on the JBN-57 claim block and a 1% NSR on the Pikwa Property, both associated with PMET Resources' Shaakichiuwaanaan project [3]. Group 3: Strategic Focus - The transactions align with Azimut's strategy to concentrate on its flagship properties, Elmer and Wabamisk, with significant drill programs planned for early 2026 [4]. - The company has announced a total of at least 17,000 meters of drilling, including ongoing and upcoming programs at various zones within its properties [4]. Group 4: Company Overview - Azimut is recognized for its extensive mineral project portfolio in Quebec, focusing on gold, copper, nickel, and lithium [6]. - The company employs a pioneering approach using big data analytics through its proprietary AZtechMine™ expert system, enhancing its exploration capabilities [6].