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 six months ended 29 February 2024, Azimut Exploration Inc revenues was not reported. Net loss totaled C$469K vs. income of C$180K. Net loss reflects Stock-based compensation increase from C$65K to C$869K (expense), Salaries and fringe benefits increase from C$86K (income) to C$417K (expense), Gain on sale of assets decrease from C$378K (income) to C$0K. Basic Earnings per Share excluding Extraordinary Items totaled to -C$0.01. |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $48.11M as of Feb 29, 2024 |
Annual revenue (TTM): | $0.00M as of Feb 29, 2024 |
EBITDA (TTM): | -$2.91M as of Feb 29, 2024 |
Net annual income (TTM): | -$2.48M as of Feb 29, 2024 |
Free cash flow (TTM): | -$12.88M as of Feb 29, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 79,588,844 as of Feb 29, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |