Northwire Canada EditionTuesday, November 10, 2026
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Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.23 −1.7% Oil 86.04 −0.9% Palladium 1,020.80 −0.1% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% SLG 6.24 −0.9% MSC 0.020 +0.0% MCI 0.140 +0.0% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.23 −1.7% Oil 86.04 −0.9% Palladium 1,020.80 −0.1% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% SLG 6.24 −0.9% MSC 0.020 +0.0% MCI 0.140 +0.0%
Drill Results

Azimut and KGHM Expand the High-Grade Nickel-PGE Perseus Zone, Kukamas Property, James Bay Region, Quebec

Multi-commodity explorer leveraging strategic partnerships to fund high-grade discoveries across Quebec’s James Bay region.

By The Northwire Desk — AI Analysis Feb 26, 2026 · 06:30 AZM · 0.82 Azimut Exploration Inc.
Executive Summary

The most recent news (Feb 26, 2026) reports significant high-grade nickel-PGE drilling results from the Kukamas Property. Highlights include 4.27% Ni and 2.63 g/t PGE over 8.6m. The program successfully expanded the "Perseus Main Zone" to a 135m strike and 100m depth, while identifying a new "Perseus East Zone" 100m away. This follows the Feb 18, 2026, closing of the Galinée property sale to Li-FT Power, which provided Azimut with 2 million Li-FT shares (valued at ~$13.4M) and a 1.4% NSR royalty.

Material Impact

The impact is Routine - Positive. While the drill results are high-grade and technically impressive, they represent incremental progress on a project where high grades were already known (previous results up to 19.6% Ni). - Operational De-risking: The expansion of the Perseus zone and the discovery of a subparallel horizon (East Zone) increase the scale potential of the project. - Financial Strength: The recent closing of the Galinée transaction is highly material to the balance sheet, providing liquid equity (Li-FT shares) and future royalty cash flow without further dilution. - Strategic Validation: The results confirm the "Kambalda-type" model Azimut has been promoting, which is attractive for major partners like KGHM.

AZM · Price
Company Overview

Azimut is a "prospect generator" that uses proprietary big-data analytics to identify targets in Quebec. - Flagship Project: Elmer Property (100% owned), hosting the Patwon Gold Deposit (311k oz Indicated, 514k oz Inferred). - Secondary Focus: Wabamisk (Gold-Antimony) and Kukamas (Nickel-PGE).

Read the original news release →

More from Azimut Exploration Inc.

Nov 03, 2026 · 06:30

Azimut’s year-end resource update carries the real weight, while modest Patwon step-outs provide supporting context for the project’s development.

Drill Results Oct 26, 2026 · 06:30

Azimut expands its district-scale gold corridor at Wabamisk with a new vein field and drilling plans.

Drill Results Oct 19, 2026 · 06:30

Azimut reduces the Corvet-Kaanaayaa option spend by $250,000 while keeping the deal intact.

M&A / Property Oct 13, 2026 · 09:00

Azimut earns up to 70% of Quebec gold-copper properties through a $16 million spend and $850,000 cash payment.

M&A / Property Sep 09, 2026 · 06:30

Azimut’s Wabamisk channel sampling supports a 30-km gold corridor, with no new drill assays yet released.

Drill Results Aug 18, 2026 · 16:13

Azimut secures $7m financing to advance its James Bay gold and nickel projects.

Financings