The TSX Venture Exchange has accepted for filing documentation with respect to Azimut Exploration Inc.'s arm's-length acquisition of the K2 property.

Consideration:  $120,000 cash and 200,000 common shares

The vendor will retain a 2.0-per-cent net smelter return (NSR) royalty on the mining claims comprising the K2 property. Half of the royalty can be bought back by the company at any time in consideration for an amount of $3-million.

For further details, please refer to the company's news release dated July 3, 2025.