Azimut signs option deal with Centerra to earn up to 70% of Corvet, Kaanaayaa properties

Bitget2026/10/13 13:03

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Azimut Exploration signed an option agreement with a Centerra Gold unit covering the Corvet and Kaanaayaa properties in Quebec’s James Bay region.
Centerra can earn up to 70% by spending USD 16 million, paying up to USD 850,000, and delivering a PEA with at least 1 Moz AuEq.
First stage targets 51% over four years via USD 6 million of exploration spending, including a firm USD 1.25 million commitment.
Second stage targets an additional 19% over six years via USD 10 million of spending, up to USD 600,000 in payments, and the PEA.
If the second stage is not exercised, Centerra’s interest resets to 49%, lifting Azimut’s stake to 51%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Azimut Exploration Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610130900PRIMZONEFULLFEED9844622) on October 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Azimut signs option deal with Centerra to earn up to 70% of Corvet, Kaanaayaa properties

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