Azimut Options Corvet, Kaanaayaa Projects in Quebec to Centerra Gold

09:44 AM EDT, 10/13/2026 (MT Newswires) -- Azimut Exploration (AZM.V) has signed a definitive agreement granting Centerra Gold (CG.TO) to acquire up to 70% of the Corvet and Kaanaayaa properties in Quebec, Azimut said Tuesday. Under the terms, Centerra can earn stake in the properties by delivering a preliminary economic assessment with a resource estimate of at least 1 million gold equivalent ounces. Centerra must also spend CA$16 million on exploration and complete up to CA$850,000 in cash payments. The transaction aligns with Azimut's strategy to advance greenfield exploration projects through partnerships, while focusing expenditures on its most advanced projects. Price: 0.58, Change: +0.07, Percent Change: +13.73