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 |