Azimut Exploration Inc. (AZM) Financings
TSXV: AZM · Gold, Copper, Nickel · Advanced Exploration stage
- Market cap$54.1M
- Share price$0.490
- 52-week range$0.485 – $1.10
- Shares outstanding110,311,289
- ExchangeTSXV
- Websitewww.azimut-exploration.com
Azimut is a leading mineral exploration company with a solid reputation for target generation and partnership development. The Company controls strategic land positions for gold, copper, nickel and lithium in Quebec. Azimut is focused on several key high-impact projects: Wabamisk and Wabamisk East (100% Azimut), which host the Fortin Zone (antimony-gold), Rosa Zone (gold) and Lithos Zone (lithium); Elmer (100% Azimut), which hosts the resource-stage Patwon Deposit (gold) (311,200 oz Indicated and 513,900 oz Inferred i ); and Kukamas (KGHM option), which hosts the Perseus Zone (nickel-PGE). Azimut uses a pioneering approach to big data analytics (the proprietary AZtechMine¿ expert system), enhanced by extensive exploration know-how. The Company's competitive edge is based on systematic regional-scale data analysis. Azimut maintains rigorous financial discipline and a strong balance sheet. Azimut has two strategic investors among its shareholders, Centerra Gold Inc. and Agnico Eagle Mines Limited.
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Azimut Exploration Inc. financial statements
Key figures read from 36 of 36 financial statement filings, Jan 26, 2017 to Apr 24, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$13,639,750 | C$11,766,113 | C$3,320,226 | C$14,035,435 | C$27,641,849 |
| Total current assets | C$46,495,537 | C$13,678,449* | C$4,966,450* | C$20,121,093* | C$31,356,039* |
| Total current liabilities | C$6,232,310 | C$4,572,453 | C$1,538,075 | C$5,480,317 | C$6,467,255 |
| Working capital | C$40,263,227 | C$9,105,996 | C$3,428,375 | C$14,640,776 | C$24,888,784 |
| Exploration and evaluation assets | C$44,271,194 | C$41,493,946 | C$35,630,349 | C$30,007,786 | C$17,223,009 |
| Property, plant and equipment | C$1,151,630 | C$1,507,074 | C$1,537,871 | C$1,550,062 | C$635,990 |
| Total assets | C$65,886,944 | C$57,663,154 | C$46,672,316 | C$54,205,106 | C$51,860,897 |
| Total liabilities | C$9,379,620 | C$7,901,320 | C$3,138,671 | C$7,029,881 | C$7,528,457 |
| Shareholders' equity | C$56,507,324 | C$49,761,834 | C$43,533,645 | C$47,175,225 | C$44,332,440 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Aug 2025 | FY Aug 2024 | FY Aug 2023 | FY Aug 2022 | FY Aug 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$31,159 | C$10,379 | C$194,431 | C$208,597 | C$316,275 |
| General and administrative | C$1,883,860 | C$2,499,736 | C$1,477,158 | C$1,672,592 | C$1,272,388 |
| Net income (loss) | (C$2,478,872) | C$42,595 | C$1,830,966 | (C$1,616,850) | (C$550,759) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Aug 2025 | FY Aug 2024 | FY Aug 2023 | FY Aug 2022 | FY Aug 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | C$2,050,057* | (C$512,299)* | (C$735,883)* | C$1,765,482* | (C$846,528)* |
| Investing cash flow | (C$8,682,853)* | C$1,075,078* | (C$10,138,069)* | (C$15,530,094)* | (C$9,967,834)* |
| Financing cash flow | C$8,506,433* | C$7,883,108* | C$158,743* | C$158,198* | C$32,629,004* |
| Exploration spending (capitalized) | (C$9,733,108) | (C$10,906,276) | (C$16,525,068) | (C$16,236,706) | (C$12,525,828) |
| Change in cash | C$1,873,637 | C$8,445,887 | (C$10,715,209) | (C$13,606,414) | C$21,814,642 |
| Cash at end of period | C$13,639,750 | C$11,766,113 | C$3,320,226 | C$14,035,435 | C$27,641,849 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Azimut Exploration Inc. financings
1 financing announced or closed by Azimut Exploration Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-07-20 | Azimut Exploration Inc. (AZM) | Flow-through, non-brokered | Announced | $7.0M | $0.828 | Longueuil, Q uebec – Azimut Exploration Inc. (TSXV: AZM) (OTCQX: AZMTF) (“Azimut” or the “Company”) |