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LONGUEUIL, Quebec, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV:AZM) (OTCQX:AZMTF) is pleased to announce the voting results for its Annual General Meeting (the “Meeting”) of shareholders held February 20, 2025.
A total of 45,175,458 shares were represented in person or by proxy at the Meeting corresponding to 52.72% of the issued and outstanding shares of the Company. Shareholders approved all matters presented at the meeting as follows:
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| Votes For | % For | Vote Withheld | % Withheld | Total Voted | ||
| Elections of Directors |
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| Glenn J. Mullan | 43,224,896 | 99.35 | % | 284,438 | 0.65 | % | 43,509,334 |
| Jean-Marc Lulin | 43,393,048 | 99.73 | % | 116,286 | 0.27 | % | 43,509,334 |
| Jean-Charles Potvin | 43,363,648 | 99.67 | % | 145,686 | 0.33 | % | 43,509,334 |
| Jacques Simoneau | 43,386,548 | 99.72 | % | 122,786 | 0.28 | % | 43,509,334 |
| Michel Brunet | 43,395,148 | 99.74 | % | 114,186 | 0.26 | % | 43,509,334 |
| Christiane Bergevin | 43,395,368 | 99.74 | % | 113,966 | 0.26 | % | 43,509,334 |
| Vanessa Laplante | 43,394,868 | 99.74 | % | 114,466 | 0.26 | % | 43,509,334 |
| Appointment of Auditors | 44,291,333 | 99.48 | % | 233,118 | 0.52 | % | 44,524,451 |
Each of the resolutions approved at the Meeting are described in detail in the Company’s Management Proxy Circular dated January 6, 2025, available on SEDAR+ at sedarplus.ca.
Following the Meeting, the Board of Directors reappointed the following officers of the Company: Jean-Marc Lulin, President and CEO; Moniroth Lim, CFO and Corporate Secretary; Jonathan Rosset, VP Corporate Development; Rock Lefrancois, VP Exploration.
In addition, 10,000 stock options were granted to a director in connection with their appointment as the new chair of the audit committee. These options have an exercise price of $0.57 per share and are exercisable for a 10-year period.
About Azimut
Azimut is a leading mineral exploration company with a solid reputation for target generation and partnership development. The Company holds the largest mineral exploration portfolio in Quebec, controlling strategic land positions for gold, copper, nickel and lithium.
Azimut’s wholly owned flagship project, the Elmer Gold Project, is at the resource stage (311,200 oz Indicated; 513,900 oz Inferred*) and has a strong exploration upside. The Company is also advancing the Galinée lithium discovery with its joint venture partner SOQUEM Inc. In addition, significant exploration progress was made in 2024 on three other projects: Wabamisk (antimony-gold; lithium), Kukamas (nickel-copper-PGE) and Pilipas (lithium).
Azimut uses a pioneering approach to big data analytics (the proprietary AZtechMine™ expert system) enhanced by extensive exploration know-how. The Company’s competitive edge is based on systematic regional-scale data analysis. Azimut maintains rigorous financial discipline and a strong balance sheet, with 85.7 million shares issued and outstanding.