Azimut Announces Results of the Annual General Meeting

Core Points - Azimut Exploration Inc. held its Annual General Meeting on February 20, 2025, with 45,175,458 shares represented, accounting for 52.72% of the total issued shares [1] - All resolutions presented at the meeting were approved, including the election of directors and the appointment of auditors [1] - The Board of Directors reappointed key officers, including Jean-Marc Lulin as President and CEO, and granted 10,000 stock options to a new audit committee chair [2] Company Overview - Azimut is a leading mineral exploration company with a strong reputation for target generation and partnership development, holding the largest mineral exploration portfolio in Quebec [3] - The company's flagship project, the Elmer Gold Project, has a resource estimate of 311,200 ounces indicated and 513,900 ounces inferred, with significant exploration potential [4] - Azimut is advancing the Galinée lithium discovery in partnership with SOQUEM Inc. and has made progress on other projects, including Wabamisk, Kukamas, and Pilipas [4] Competitive Advantage - The company employs a proprietary big data analytics system, AZtechMine™, which enhances its exploration capabilities through systematic regional-scale data analysis [5] - Azimut maintains a strong financial position with 85.7 million shares issued and outstanding, reflecting its rigorous financial discipline [5]