TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length disposition of the Wabamisk Est, Corvet and Kaanaayaa properties by Azimut Exploration Inc. The transaction represents a consolidation of the two existing agreements on the Corvet and Kaanaayaa properties (reference is made to the company's news release of July 10, 2023, and the exchange bulletin of July 13, 2023), as well as an expansion to cover Azimut rights to lithium and associated elements on a portion of Wabamisk property.

Azimut retains the right to be financed to the production stage by way of a secured loan from the acquiror by granting the acquiror an additional 5-per-cent interest in the properties (for a total interest of 75 per cent). Azimut would then retain a 25-per-cent financed-to-production interest. For further details, please refer to the news release of Azimut dated July 24, 2025.