Azimut Exploration Cashes In On Property Sale

Azimut Exploration (TSE:AZM) has released an update.

Azimut Exploration Inc. has successfully sold its JBN-57 Property in Quebec to Patriot Battery Metals Inc., with the deal including a $500,000 cash payment and 150,000 Patriot shares to Azimut, along with a 2% net smelter return royalty. The property, showing potential for lithium and other minerals, bolsters Azimut’s finances to focus on its flagship Elmer Gold Project and other strategic exploration ventures. Azimut continues to be a key player in Quebec’s mineral exploration industry, leveraging its data analytics platform and strong balance sheet.

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