Azimut Exploration Inc. (TSXV:AZM) entered into a definitive agreement to acquire remaining 51% interest in the Wabamisk Property from Newmont Corporation (NYSE:NEM) for CAD 1 on August 8, 2022. Upon closing of the Wabamisk Transaction, Azimut will own a 100% interest in the 333 mining claims comprising the Wabamisk Property. The Wabamisk Transaction is scheduled to close by about September 6, 2022.

Azimut Exploration Inc. (TSXV:AZM) completed the acquisition of remaining 51% interest in the Wabamisk Property from Newmont Corporation (NYSE:NEM) on September 9, 2022.