{"success":true,"data":{"pressRelease":{"id":"76318","rtpr_id":"nGNXkKtHC","ticker":"AZM","exchange":"","all_tickers":["AZM"],"title":"Azimut Provides 2026 Summer Exploration Update","author":"Globe Newswire","published_at":"2026-06-30T10:30:00.330Z","article_body":"LONGUEUIL, Quebec, June 30, 2026 (GLOBE NEWSWIRE) -- Azimut Exploration\nInc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is\npleased to provide an update on the Company’s comprehensive programs\ncurrently underway on four (4) key projects in the Eeyou Istchee James Bay\n(“James Bay”) region of Quebec, Canada (Figures 1 to 4, Photos 1 to 3\n(https://www.globenewswire.com/Tracker?data=8i7-OFGurpXW_iekzha8l0iWFFTVColGiGsUx2iA6DdmGlRHn89TA7kEQjz9MQZrV6On4MNX1Mp5-mWH1TT0X2U3Gi11mTPLwdgKZMhHnGbbuWGkZr5Nai_Y-XBin3iPGjCbve5FR7tMRUse4bxnYbjNt215I0vMPD2w0mCTqUp9yAdtiieMBzJcN1MzLeXpeG6LQYLq5ClqIGz9-9J6yBJSZ2NpS7uCPhPqdMAy3jo=)).\n\nAzimut believes the 2026 field programs are among the Company’s most\nsignificant to date. The objectives are to:\n\n1) Accelerate the delineation of the 30-kilometre-long gold exploration\ncorridor on the Wabamisk Property;\n2) Test the lateral extension of the Patwon gold deposit on the Elmer Property\nand assess extensive underexplored gold-copper targets located in close\nproximity; \n3) Expand the Perseus high-grade nickel discovery on the Kukamas Property; and\n4) Begin assessing regional nickel targets on the Northern Nickel Corridor\nproject.\n\nThe Company will hold a webinar today at 3pm ET (12pm PT) in French and at 4pm\nET (1pm PT) in English. A short presentation by President & CEO Jean-Marc\nLulin will be followed by a Q&A session for interested investors and\nshareholders. Questions can also be submitted in advance at\ninfo@azimut-exploration.com. Registration can be completed here: French\nWebinar\n(https://www.globenewswire.com/Tracker?data=ZGQqCo9Xot2qToy7sqUqVYv6IykBVj2trQoWAq25v-EDt06g46639jWLuk5s4MvZ5BMlqfKftHhONhjRZcHt6Z-Tf2zPOGw4sjnWX9JL6qzR7WBg38qpfWqZkqODpKQBPKzId2GoZd6yxQMuORnhnXnrs_dYg1Tm7Eo4UlVWv22HCWPHGN-X8OmFHqbU1-O2qU24gBwGu0AeSqNouSsyPg==)\n/ English Webinar\n(https://www.globenewswire.com/Tracker?data=4JR-nOtrbBwkfaF2nvq_z6y3iG67JlEtUMH_hCbdPWRJDupb7Fnrgbh7SJwk7iVLmal6PiLIjNxCzy3P7q1LIS8oyOWd3pEIw7HFCz4Ovh-9tv1zpVzGOQTTa3Ksgs02Uq0upZjuEcNm2pGKxVHbXeTJIIlEWVHEXyEzoaXKVAARni9GgNLt-WB_KlZb9szq89A8uYQ2wLDR8DlDRNR3Lw==).\n\nPROJECT UPDATES\n* WABAMISK is emerging as a 30-kilometre-long district-scale gold exploration\nplay following the discovery of the Fortin Zone (antimony-gold) in 2024 and\nthe discovery of the Rosa Zone (gold) in 2025. A major field program is\nunderway to accelerate the assessment of this prospective corridor through\nextensive mechanical stripping, prospecting, soil sampling and ground\ngeophysics (induced polarization: “IP”). Drilling has already outlined a\nminimum 1,400-metre east-west gold-bearing strike at Rosa. Mechanical\nstripping using two excavators is confirming the continuity of this zone,\nexposing the gold-bearing vein system over a minimum of 450 metres, with\nwidths up to 10 metres. The extensive sampling program will help with the\ndesign of the drill program planned for this fall.\n\nSince the discovery of the Fortin and Rosa zones, the Company has drilled 159\ncore holes totalling 24,045 metres, returning very encouraging results (see\npress releases of May 20\n(https://azimut-exploration.com/site/assets/files/7427/azm_wabamisk_fortin_drilling_results_may_en_wfig.pdf)(i)\nand May 26, 2026\n(https://azimut-exploration.com/site/assets/files/7428/azm_wabamisk_rosa_drilling_results_may_en_wfig.pdf)(ii)).\nAdditional robust gold targets, related to strong IP anomalies well correlated\nwith pathfinder soil anomalies (arsenic and antimony), have been identified\nalong a 12-kilometre-long segment between Rosa and Fortin, and these targets\nare now the subject of preliminary field assessment. Other attractive gold\ntargets exist east of Fortin.\n* ELMER encompasses two major underexplored gold-copper target areas: the K2\nclaim block, located 11 kilometres southwest and along strike from the Patwon\ngold deposit, and the Wolf-A21 trend, a 7-kilometre-long\ncopper-zinc-gold-silver target. Both areas contain numerous high-grade\nshowings but have seen only limited historical drilling. Fieldwork this summer\nwill include mechanical stripping, geological mapping, and extensive rock\nsampling to prepare for a drilling campaign.\n\nThe first phase of the planned 10,000-metre drilling program at the Patwon\ngold deposit (10 holes totalling 5,407 m) has been recently completed. It was\ndesigned to expand the mineralized body along strike (results pending). The\n2023 mineral resource estimate (Indicated Resource of 311,200 oz in 4.99 Mt\ngrading 1.93 g/t Au; Inferred Resource of 513,900 oz in 8.22 Mt grading 1.94\ng/t Au) used a gold price of US$1,800 per ounce. Current gold prices strongly\nsupport additional drilling to increase the resource base and, contingent on\npositive results, to advance the project toward an updated resource estimate\nand a preliminary economic assessment (see press release of January 22, 2026\n(https://azimut-exploration.com/site/assets/files/7385/azm_elmer_2026_program_en_wfig.pdf)(iii)).\n* KUKAMAS hosts the high-grade nickel-PGE Perseus Zone, discovered in 2024.\nKGHM International Ltd. has now earned a 50% interest in the project and has\nentered the second option phase (see press release of February 26, 2026\n(https://azimut-exploration.com/site/assets/files/7394/azm_kghm_kukamas_2025_drilling_results_en_wfig.pdf)(iv)).\nThe ongoing partner-funded program is primarily focused on expanding the\nPerseus Zone through drilling. The field program is underway, and a detailed\ndescription of the planned work will be provided shortly.\n\n* NORTHERN NICKEL CORRIDOR (“NNC”) represents the northern part of a large\nproject generated by Azimut using predictive mineral potential modelling to\nunlock the nickel potential of the James Bay region. SOQUEM recently entered a\nstrategic alliance with Azimut covering the NNC project. The project comprises\n27 claim blocks (1,635 claims covering 821.7 km²) distributed across a\nregion extending 360 kilometres east-west by 60 kilometres north-south (see\npress release of May 19, 2026\n(https://azimut-exploration.com/site/assets/files/7426/azm_soquem_nnc_project_agreement_en_wfig.pdf)(v)).\nPreparatory tests are currently underway for the upcoming 6,591 line-kilometre\nhigh-resolution heliborne magnetic and electromagnetic survey.\nQualified Person\n\nDr. Jean-Marc Lulin (P.Geo.), Azimut’s President and CEO, prepared this\npress release and approved the scientific and technical information disclosed\nherein, including the previously reported results presented by the Company. He\nis acting as Azimut’s qualified person within the meaning of National\nInstrument 43-101 – Standards of Disclosure for Mineral Projects.\n\nAbout Azimut\n\nAzimut is a leading mineral exploration company with a solid reputation for\ntarget generation and partnership development. The Company controls strategic\nland positions for gold, copper, nickel and lithium in Quebec. Azimut is\nfocused on several key high-impact projects:\n* Wabamisk and Wabamisk East (100% Azimut), which host the Fortin Zone\n(antimony-gold), Rosa Zone (gold) and Lithos Zone (lithium);\n\n* Elmer (100% Azimut), which hosts the resource-stage Patwon Deposit (gold)\n(311,200 oz Indicated and 513,900 oz Inferred(vi)); and\n\n* Kukamas (KGHM option), which hosts the Perseus Zone (nickel-PGE).\nAzimut uses a pioneering approach to big data analytics (the proprietary\nAZtechMine™ expert system), enhanced by extensive exploration know-how. The\nCompany’s competitive edge is based on systematic regional-scale data\nanalysis. Azimut maintains rigorous financial discipline and a strong balance\nsheet.\n\nAzimut has two strategic investors among its shareholders, Agnico Eagle Mines\nLimited and Centerra Gold Inc., which hold approximately 11% and 9.9%,\nrespectively, of the Company’s issued and outstanding shares.\n\nContact and Information\n\nJean-Marc Lulin, President and CEO\nTel.: (450) 646-3015 – Fax: (450) 646-3045\n\nJonathan Rosset, Vice President Corporate Development\nTel.: (604) 202-7531\ninfo@azimut-exploration.com        www.azimut-exploration.com\n\nCautionary note regarding forward-looking statements\n\nThis press release contains forward-looking statements, which reflect the\nCompany’s current expectations regarding future events related to the\nWabamisk, Elmer, Kukamas and Northern Nickel Corridor projects. To the extent\nthat any statements in this press release contain information that is not\nhistorical, the statements are essentially forward-looking and are often\nidentified by words such as “consider”, “anticipate”, “expect”,\n“estimate”, “intend”, “project”, “plan”, “potential”,\n“suggest” and “believe”. The forward-looking statements involve risks,\nuncertainties, and other factors that could cause actual results to differ\nmaterially from those expressed or implied by such forward-looking statements.\nMany factors could cause such differences, particularly volatility and\nsensitivity to market metal prices, the impact of changes in foreign currency\nexchange rates and interest rates, imprecision in reserve estimates,\nrecoveries of gold and other metals, environmental risks including increased\nregulatory burdens, unexpected geological conditions, adverse mining\nconditions, community and non-governmental organization actions, changes in\ngovernment regulations and policies, including laws and policies, global\noutbreaks of infectious diseases and failure to obtain necessary permits and\napprovals from government authorities, as well as other development and\noperating risks. Although the Company believes that the assumptions inherent\nin the forward-looking statements are reasonable, undue reliance should not be\nplaced on these statements, which only apply as of the date of this document.\nThe Company disclaims any intention or obligation to update or revise any\nforward-looking statement, whether as a result of new information, future\nevents or otherwise, other than as required to do so by applicable securities\nlaws. The reader is directed to carefully review the detailed risk discussion\nin our most recent Annual Report filed on SEDAR+ for a fuller understanding of\nthe risks and uncertainties that affect the Company’s business.\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n______________________\n\n(i) Azimut Continues to Expand the Fortin Antimony-Gold Zone, Wabamisk\nProperty, James Bay Region, Québec\nii Azimut Drills 46.41 g/t Au over 3.50 m, incl. 155 g/t Au over 1.0 m on Rosa\nZone, Wabamisk Property, James Bay, Québec\niii Azimut to Conduct 10,000-metre Drill Program to Expand the Patwon Gold\nDeposit on the Elmer Property, James Bay region, Québec\niv Azimut and KGHM Expand the High-Grade Nickel-PGE Perseus Zone, Kukamas\nProperty, James Bay Region, Quebec\nv Azimut and SOQUEM Sign Definitive Agreement for the Northern Nickel Corridor\nProject\nvi Technical Report and Initial Mineral Resource Estimate for the Patwon\nDeposit, Elmer Property, Québec, Canada\n(https://www.globenewswire.com/Tracker?data=KN9H0-RsQ_zYKTY8uc756Kp8nBpC8Beenv-nu9UW2vxxNJmMzQk-79QGHVPfWRNN0bRaapUDnWHs1VFhl8uC3ovB8SjWuC0pFlWczgBa-Hsmc8di76t_Q4XFl9bOmd5g01tZ-s0KLWy0oOLJVV9TZT7ZJMEfM9AriTtqnBN40s8JbZuo819iliB8SJy-TKhN_6X3ZcRMjDGwHHQLllrSj6jqcjRh1VCB4seY3KDLZ-FC3BZMGH_Adq2rPrxYbJS4DFHJDx9ThhKU7uVK6I7HOfuBPLfEQr3IH0xOOEAPFrj6Y3AJjYEv_ZDm9QO_zcfH),\nprepared by Martin Perron, P.Eng., Chafana Hamed Sako, P.Geo., Vincent\nNadeau-Benoit, P.Geo. and Simon Boudreau, P.Eng. of InnovExplo Inc., dated\nJanuary 4, 2024. The initial MRE comprises Indicated resources of 311,200\nounces in 4.99 million tonnes grading 1.93 g/t Au and Inferred resources of\n513,900 ounces in 8.22 million tonnes grading 1.94 g/t Au.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/7eb6779b-94a6-4f0a-8a3c-5801e50c428a)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXkKtHC","title":"Azimut Provides 2026 Summer Exploration Update","author":"Globe Newswire","ticker":"AZM","created":"2026-06-30T10:30:00.330Z","tickers":["AZM"],"exchange":"","article_body":"LONGUEUIL, Quebec, June 30, 2026 (GLOBE NEWSWIRE) -- Azimut Exploration\nInc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is\npleased to provide an update on the Company’s comprehensive programs\ncurrently underway on four (4) key projects in the Eeyou Istchee James Bay\n(“James Bay”) region of Quebec, Canada (Figures 1 to 4, Photos 1 to 3\n(https://www.globenewswire.com/Tracker?data=8i7-OFGurpXW_iekzha8l0iWFFTVColGiGsUx2iA6DdmGlRHn89TA7kEQjz9MQZrV6On4MNX1Mp5-mWH1TT0X2U3Gi11mTPLwdgKZMhHnGbbuWGkZr5Nai_Y-XBin3iPGjCbve5FR7tMRUse4bxnYbjNt215I0vMPD2w0mCTqUp9yAdtiieMBzJcN1MzLeXpeG6LQYLq5ClqIGz9-9J6yBJSZ2NpS7uCPhPqdMAy3jo=)).\n\nAzimut believes the 2026 field programs are among the Company’s most\nsignificant to date. The objectives are to:\n\n1) Accelerate the delineation of the 30-kilometre-long gold exploration\ncorridor on the Wabamisk Property;\n2) Test the lateral extension of the Patwon gold deposit on the Elmer Property\nand assess extensive underexplored gold-copper targets located in close\nproximity; \n3) Expand the Perseus high-grade nickel discovery on the Kukamas Property; and\n4) Begin assessing regional nickel targets on the Northern Nickel Corridor\nproject.\n\nThe Company will hold a webinar today at 3pm ET (12pm PT) in French and at 4pm\nET (1pm PT) in English. A short presentation by President & CEO Jean-Marc\nLulin will be followed by a Q&A session for interested investors and\nshareholders. Questions can also be submitted in advance at\ninfo@azimut-exploration.com. Registration can be completed here: French\nWebinar\n(https://www.globenewswire.com/Tracker?data=ZGQqCo9Xot2qToy7sqUqVYv6IykBVj2trQoWAq25v-EDt06g46639jWLuk5s4MvZ5BMlqfKftHhONhjRZcHt6Z-Tf2zPOGw4sjnWX9JL6qzR7WBg38qpfWqZkqODpKQBPKzId2GoZd6yxQMuORnhnXnrs_dYg1Tm7Eo4UlVWv22HCWPHGN-X8OmFHqbU1-O2qU24gBwGu0AeSqNouSsyPg==)\n/ English Webinar\n(https://www.globenewswire.com/Tracker?data=4JR-nOtrbBwkfaF2nvq_z6y3iG67JlEtUMH_hCbdPWRJDupb7Fnrgbh7SJwk7iVLmal6PiLIjNxCzy3P7q1LIS8oyOWd3pEIw7HFCz4Ovh-9tv1zpVzGOQTTa3Ksgs02Uq0upZjuEcNm2pGKxVHbXeTJIIlEWVHEXyEzoaXKVAARni9GgNLt-WB_KlZb9szq89A8uYQ2wLDR8DlDRNR3Lw==).\n\nPROJECT UPDATES\n* WABAMISK is emerging as a 30-kilometre-long district-scale gold exploration\nplay following the discovery of the Fortin Zone (antimony-gold) in 2024 and\nthe discovery of the Rosa Zone (gold) in 2025. A major field program is\nunderway to accelerate the assessment of this prospective corridor through\nextensive mechanical stripping, prospecting, soil sampling and ground\ngeophysics (induced polarization: “IP”). Drilling has already outlined a\nminimum 1,400-metre east-west gold-bearing strike at Rosa. Mechanical\nstripping using two excavators is confirming the continuity of this zone,\nexposing the gold-bearing vein system over a minimum of 450 metres, with\nwidths up to 10 metres. The extensive sampling program will help with the\ndesign of the drill program planned for this fall.\n\nSince the discovery of the Fortin and Rosa zones, the Company has drilled 159\ncore holes totalling 24,045 metres, returning very encouraging results (see\npress releases of May 20\n(https://azimut-exploration.com/site/assets/files/7427/azm_wabamisk_fortin_drilling_results_may_en_wfig.pdf)(i)\nand May 26, 2026\n(https://azimut-exploration.com/site/assets/files/7428/azm_wabamisk_rosa_drilling_results_may_en_wfig.pdf)(ii)).\nAdditional robust gold targets, related to strong IP anomalies well correlated\nwith pathfinder soil anomalies (arsenic and antimony), have been identified\nalong a 12-kilometre-long segment between Rosa and Fortin, and these targets\nare now the subject of preliminary field assessment. Other attractive gold\ntargets exist east of Fortin.\n* ELMER encompasses two major underexplored gold-copper target areas: the K2\nclaim block, located 11 kilometres southwest and along strike from the Patwon\ngold deposit, and the Wolf-A21 trend, a 7-kilometre-long\ncopper-zinc-gold-silver target. Both areas contain numerous high-grade\nshowings but have seen only limited historical drilling. Fieldwork this summer\nwill include mechanical stripping, geological mapping, and extensive rock\nsampling to prepare for a drilling campaign.\n\nThe first phase of the planned 10,000-metre drilling program at the Patwon\ngold deposit (10 holes totalling 5,407 m) has been recently completed. It was\ndesigned to expand the mineralized body along strike (results pending). The\n2023 mineral resource estimate (Indicated Resource of 311,200 oz in 4.99 Mt\ngrading 1.93 g/t Au; Inferred Resource of 513,900 oz in 8.22 Mt grading 1.94\ng/t Au) used a gold price of US$1,800 per ounce. Current gold prices strongly\nsupport additional drilling to increase the resource base and, contingent on\npositive results, to advance the project toward an updated resource estimate\nand a preliminary economic assessment (see press release of January 22, 2026\n(https://azimut-exploration.com/site/assets/files/7385/azm_elmer_2026_program_en_wfig.pdf)(iii)).\n* KUKAMAS hosts the high-grade nickel-PGE Perseus Zone, discovered in 2024.\nKGHM International Ltd. has now earned a 50% interest in the project and has\nentered the second option phase (see press release of February 26, 2026\n(https://azimut-exploration.com/site/assets/files/7394/azm_kghm_kukamas_2025_drilling_results_en_wfig.pdf)(iv)).\nThe ongoing partner-funded program is primarily focused on expanding the\nPerseus Zone through drilling. The field program is underway, and a detailed\ndescription of the planned work will be provided shortly.\n\n* NORTHERN NICKEL CORRIDOR (“NNC”) represents the northern part of a large\nproject generated by Azimut using predictive mineral potential modelling to\nunlock the nickel potential of the James Bay region. SOQUEM recently entered a\nstrategic alliance with Azimut covering the NNC project. The project comprises\n27 claim blocks (1,635 claims covering 821.7 km²) distributed across a\nregion extending 360 kilometres east-west by 60 kilometres north-south (see\npress release of May 19, 2026\n(https://azimut-exploration.com/site/assets/files/7426/azm_soquem_nnc_project_agreement_en_wfig.pdf)(v)).\nPreparatory tests are currently underway for the upcoming 6,591 line-kilometre\nhigh-resolution heliborne magnetic and electromagnetic survey.\nQualified Person\n\nDr. Jean-Marc Lulin (P.Geo.), Azimut’s President and CEO, prepared this\npress release and approved the scientific and technical information disclosed\nherein, including the previously reported results presented by the Company. He\nis acting as Azimut’s qualified person within the meaning of National\nInstrument 43-101 – Standards of Disclosure for Mineral Projects.\n\nAbout Azimut\n\nAzimut is a leading mineral exploration company with a solid reputation for\ntarget generation and partnership development. The Company controls strategic\nland positions for gold, copper, nickel and lithium in Quebec. Azimut is\nfocused on several key high-impact projects:\n* Wabamisk and Wabamisk East (100% Azimut), which host the Fortin Zone\n(antimony-gold), Rosa Zone (gold) and Lithos Zone (lithium);\n\n* Elmer (100% Azimut), which hosts the resource-stage Patwon Deposit (gold)\n(311,200 oz Indicated and 513,900 oz Inferred(vi)); and\n\n* Kukamas (KGHM option), which hosts the Perseus Zone (nickel-PGE).\nAzimut uses a pioneering approach to big data analytics (the proprietary\nAZtechMine™ expert system), enhanced by extensive exploration know-how. The\nCompany’s competitive edge is based on systematic regional-scale data\nanalysis. Azimut maintains rigorous financial discipline and a strong balance\nsheet.\n\nAzimut has two strategic investors among its shareholders, Agnico Eagle Mines\nLimited and Centerra Gold Inc., which hold approximately 11% and 9.9%,\nrespectively, of the Company’s issued and outstanding shares.\n\nContact and Information\n\nJean-Marc Lulin, President and CEO\nTel.: (450) 646-3015 – Fax: (450) 646-3045\n\nJonathan Rosset, Vice President Corporate Development\nTel.: (604) 202-7531\ninfo@azimut-exploration.com        www.azimut-exploration.com\n\nCautionary note regarding forward-looking statements\n\nThis press release contains forward-looking statements, which reflect the\nCompany’s current expectations regarding future events related to the\nWabamisk, Elmer, Kukamas and Northern Nickel Corridor projects. To the extent\nthat any statements in this press release contain information that is not\nhistorical, the statements are essentially forward-looking and are often\nidentified by words such as “consider”, “anticipate”, “expect”,\n“estimate”, “intend”, “project”, “plan”, “potential”,\n“suggest” and “believe”. The forward-looking statements involve risks,\nuncertainties, and other factors that could cause actual results to differ\nmaterially from those expressed or implied by such forward-looking statements.\nMany factors could cause such differences, particularly volatility and\nsensitivity to market metal prices, the impact of changes in foreign currency\nexchange rates and interest rates, imprecision in reserve estimates,\nrecoveries of gold and other metals, environmental risks including increased\nregulatory burdens, unexpected geological conditions, adverse mining\nconditions, community and non-governmental organization actions, changes in\ngovernment regulations and policies, including laws and policies, global\noutbreaks of infectious diseases and failure to obtain necessary permits and\napprovals from government authorities, as well as other development and\noperating risks. Although the Company believes that the assumptions inherent\nin the forward-looking statements are reasonable, undue reliance should not be\nplaced on these statements, which only apply as of the date of this document.\nThe Company disclaims any intention or obligation to update or revise any\nforward-looking statement, whether as a result of new information, future\nevents or otherwise, other than as required to do so by applicable securities\nlaws. The reader is directed to carefully review the detailed risk discussion\nin our most recent Annual Report filed on SEDAR+ for a fuller understanding of\nthe risks and uncertainties that affect the Company’s business.\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n______________________\n\n(i) Azimut Continues to Expand the Fortin Antimony-Gold Zone, Wabamisk\nProperty, James Bay Region, Québec\nii Azimut Drills 46.41 g/t Au over 3.50 m, incl. 155 g/t Au over 1.0 m on Rosa\nZone, Wabamisk Property, James Bay, Québec\niii Azimut to Conduct 10,000-metre Drill Program to Expand the Patwon Gold\nDeposit on the Elmer Property, James Bay region, Québec\niv Azimut and KGHM Expand the High-Grade Nickel-PGE Perseus Zone, Kukamas\nProperty, James Bay Region, Quebec\nv Azimut and SOQUEM Sign Definitive Agreement for the Northern Nickel Corridor\nProject\nvi Technical Report and Initial Mineral Resource Estimate for the Patwon\nDeposit, Elmer Property, Québec, Canada\n(https://www.globenewswire.com/Tracker?data=KN9H0-RsQ_zYKTY8uc756Kp8nBpC8Beenv-nu9UW2vxxNJmMzQk-79QGHVPfWRNN0bRaapUDnWHs1VFhl8uC3ovB8SjWuC0pFlWczgBa-Hsmc8di76t_Q4XFl9bOmd5g01tZ-s0KLWy0oOLJVV9TZT7ZJMEfM9AriTtqnBN40s8JbZuo819iliB8SJy-TKhN_6X3ZcRMjDGwHHQLllrSj6jqcjRh1VCB4seY3KDLZ-FC3BZMGH_Adq2rPrxYbJS4DFHJDx9ThhKU7uVK6I7HOfuBPLfEQr3IH0xOOEAPFrj6Y3AJjYEv_ZDm9QO_zcfH),\nprepared by Martin Perron, P.Eng., Chafana Hamed Sako, P.Geo., Vincent\nNadeau-Benoit, P.Geo. and Simon Boudreau, P.Eng. of InnovExplo Inc., dated\nJanuary 4, 2024. The initial MRE comprises Indicated resources of 311,200\nounces in 4.99 million tonnes grading 1.93 g/t Au and Inferred resources of\n513,900 ounces in 8.22 million tonnes grading 1.94 g/t Au.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/7eb6779b-94a6-4f0a-8a3c-5801e50c428a)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-30T10:30:00.378287927Z","server_sent_at_ms":1782815400378},"received_at":"2026-06-30T10:30:00.431Z","source_url":"https://www.globenewswire.com/news-release/2026/06/30/3319493/0/en/Azimut-Provides-2026-Summer-Exploration-Update.html"},"analysis":{"id":"65596","press_release_id":"76318","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":[],"eventType":"operations_update","narrative":"Azimut is advancing comprehensive summer exploration programs across four key projects in the James Bay region, focusing on accelerating the delineation of gold corridors and expanding nickel discoveries.\n\nAt the Wabamisk property, recent drilling has outlined a 1,400-metre strike at the Rosa Zone, while a 10,000-metre program at Elmer's Patwon deposit aims to expand the existing resource base of 825,000 ounces of gold.\n\nPartner-funded initiatives are also progressing, with KGHM earning a 50% interest in Kukamas to fund the Perseus Zone expansion and SOQUEM joining the Northern Nickel Corridor project ahead of a 6,591 line-kilometre geophysical survey.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Azimut outlines aggressive 2026 summer drilling program across multiple high-potential James Bay projects."},"keyFigures":{"customDimensions":{"nnc_claims":1635,"nnc_area_km2":821.7,"nnc_survey_line_km":"6,591 line-kilometre","rosa_strike_length":"1,400-metre","wabamisk_drill_holes":159,"wabamisk_drill_metres":"24,045 metres","patwon_holes_completed":10,"patwon_metres_completed":"5,407 m","patwon_inferred_resource_oz":513900,"patwon_planned_drill_metres":"10,000-metre","patwon_indicated_resource_oz":311200,"patwon_resource_grade_gpt_au":"1.93-1.94 g/t"}},"quotedText":"Azimut believes the 2026 field programs are among the Company’s most significant to date.","namedEntities":{"people":[{"name":"Jean-Marc Lulin","role":"President & CEO"},{"name":"Jonathan Rosset","role":"Vice President Corporate Development"}],"products":["Wabamisk Property","Elmer Property","Kukamas Property","Northern Nickel Corridor","Fortin Zone","Rosa Zone","Patwon gold deposit","Perseus Zone","AZtechMine™"],"companies":[{"name":"Azimut Exploration Inc.","ticker":"AZM"},{"name":"KGHM International Ltd.","relationship":"partner"},{"name":"SOQUEM","relationship":"partner"},{"name":"Agnico Eagle Mines Limited","relationship":"strategic investor"},{"name":"Centerra Gold Inc.","relationship":"strategic investor"}],"dollarAmounts":[{"amount":"US$1,800 per ounce","context":"gold price used in 2023 mineral resource estimate"}]},"materialImpact":{"score":3,"reasoning":"Significant operational update detailing active drilling programs and partnership milestones across four major projects, which are central to the company's exploration success and valuation."},"tickerRelevance":{"others":[],"primary":"AZM"},"globalImportance":15,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"exploration_update","sectorWeight":"materials"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Azimut is advancing comprehensive summer exploration programs across four key projects in the James Bay region, focusing on accelerating the delineation of gold corridors and expanding nickel discoveries.\n\nAt the Wabamisk property, recent drilling has outlined a 1,400-metre strike at the Rosa Zone, while a 10,000-metre program at Elmer's Patwon deposit aims to expand the existing resource base of 825,000 ounces of gold.\n\nPartner-funded initiatives are also progressing, with KGHM earning a 50% interest in Kukamas to fund the Perseus Zone expansion and SOQUEM joining the Northern Nickel Corridor project ahead of a 6,591 line-kilometre geophysical survey.","key_figures":{"customDimensions":{"nnc_claims":1635,"nnc_area_km2":821.7,"nnc_survey_line_km":"6,591 line-kilometre","rosa_strike_length":"1,400-metre","wabamisk_drill_holes":159,"wabamisk_drill_metres":"24,045 metres","patwon_holes_completed":10,"patwon_metres_completed":"5,407 m","patwon_inferred_resource_oz":513900,"patwon_planned_drill_metres":"10,000-metre","patwon_indicated_resource_oz":311200,"patwon_resource_grade_gpt_au":"1.93-1.94 g/t"}},"named_entities":{"people":[{"name":"Jean-Marc Lulin","role":"President & CEO"},{"name":"Jonathan Rosset","role":"Vice President Corporate Development"}],"products":["Wabamisk Property","Elmer Property","Kukamas Property","Northern Nickel Corridor","Fortin Zone","Rosa Zone","Patwon gold deposit","Perseus Zone","AZtechMine™"],"companies":[{"name":"Azimut Exploration Inc.","ticker":"AZM"},{"name":"KGHM International Ltd.","relationship":"partner"},{"name":"SOQUEM","relationship":"partner"},{"name":"Agnico Eagle Mines Limited","relationship":"strategic investor"},{"name":"Centerra Gold Inc.","relationship":"strategic investor"}],"dollarAmounts":[{"amount":"US$1,800 per ounce","context":"gold price used in 2023 mineral resource estimate"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-30T10:36:23.672Z","global_importance":15,"audience_relevance":15,"importance_components":{"tickerTier":"small-cap","eventGravity":"exploration_update","sectorWeight":"materials"}},"durationMs":169816,"modelName":"george-droid-qwen-72b"}}