Azimut grants 845,000 stock options to directors, officers, employees, and consultants.

From GlobeNewswire: 2024-12-18 14:32:27

Exploration Azimut Inc. has granted a total of 845,000 stock options to directors, officers, employees, and consultants, with 730,000 going to directors and officers, and 115,000 to employees and consultants. These options have an exercise price of $0.61 per share and can be exercised over a period of 10 years. Azimut is a leading mineral exploration company with a strong reputation for target generation and partnership development, holding the largest portfolio of mineral exploration projects in Quebec. Their flagship Elmer project, located in the James Bay region, is in the resource stage with 311,200 indicated ounces and 513,900 inferred ounces of gold. They are also making progress on the Galinee lithium discovery in partnership with SOQUEM Inc., as well as on other projects like Wabamisk, Kukamas, and Pilipas. Azimut uses a pioneering methodology in geoscientific data analysis, supported by expertise in exploration. With a strong balance sheet and 85.6 million shares issued and outstanding, the company maintains rigorous financial discipline.



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