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Azimut Exploration Inc. (V:AZM)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
 
Company Contact
Address: 110 De La Barre Street,, Suite 224
LONGUEUIL QC J4K 1A3
Tel: N/A
Website: https://azimut-exploration.com
IR: See website
Key People
Jean-Marc Lulin
President, Chief Executive Officer, Director
Moniroth Lim
Chief Financial Officer, Corporate Secretary
Rock Lefrancois
Vice President - Exploration
Jonathan Rosset
Vice President - Corporate Development
   
Business Overview
Azimut Exploration Inc. is a Canada-based mineral exploration company. The Company holds the mineral exploration portfolio in Quebec. The Company's projects include Elmer, JB Lithium, JB Nickel and Wabamisk. Its wholly owned flagship Elmer Gold Project is advancing to the initial resource stage in the James Bay region. The Elmer property is located in the central region of the La Grande Subprovince. The property is located five kilometers (km) west of the Billy-Diamond Highway and 60 km from Eastmain, a Cree community on the east coast of James Bay. The Wabamisk property is a 40 km by 10 km gold project located about 70 km south of the Eleonore gold mine (Newmont Corporation) and has a comparable geological context and geochemical signature. Its other key projects include Chromaska, Corne, Doran, Mercator and Pilipas. The Corne property is located within the metasedimentary Opinaca Subprovince (Superior Province), close to the boundary with the Opatica Subprovince.
Financial Overview
For the three months ended 30 November 2023, Azimut Exploration Inc revenues was not reported. Net loss totaled C$231K vs. income of C$212K. Net loss reflects Stock-based compensation increase from C$33K to C$850K (expense), Gain on sale of assets decrease from C$378K (income) to C$0K, Salaries and fringe benefits increase from C$86K to C$215K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $56.22M as of Nov 30, 2023
Annual revenue (TTM): $0.00M as of Nov 30, 2023
EBITDA (TTM): -$2.62M as of Nov 30, 2023
Net annual income (TTM): -$2.27M as of Nov 30, 2023
Free cash flow (TTM): -$13.21M as of Nov 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 80,318,844 as of Jan 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization