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An update from Azimut Exploration ( (TSE:AZM) ) is now available.
Azimut Exploration has further defined an extensive, high-grade lithium pegmatite field on its 100%-owned Wabamisk East Property in Quebec’s James Bay region, confirming the area’s strong lithium potential. The 2025 field program identified at least 138 spodumene-bearing outcrops and returned 340 samples above 0.5% Li2O, averaging 1.94% Li2O, while initial diamond drilling across five holes confirmed down-dip extensions of mineralized outcrops at several prospects, with numerous drill-ready high-grade targets supporting a more substantial follow-up campaign in 2026 despite Rio Tinto’s decision to terminate its option agreement on the project. The company is simultaneously advancing nearby gold and antimony-gold zones on the adjacent Wabamisk Property, positioning itself as a key regional player in both lithium and precious metals exploration in the James Bay district.
The most recent analyst rating on (TSE:AZM) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Azimut Exploration stock, see the TSE:AZM Stock Forecast page.
Spark’s Take on TSE:AZM Stock
According to Spark, TipRanks’ AI Analyst, TSE:AZM is a Neutral.
Azimut Exploration’s overall stock score reflects a mixed financial performance with significant profitability challenges, neutral technical indicators, and a concerning valuation due to negative earnings. However, positive corporate events, including strategic partnerships and expansions, provide a potential for future growth and improvement in market position.
To see Spark’s full report on TSE:AZM stock, click here.
More about Azimut Exploration
Azimut Exploration Inc. is a Quebec-based mineral exploration company focused on discovering and advancing early-stage projects in the Eeyou Istchee James Bay region. The company targets lithium, gold, and other critical and precious metals, operating as a project generator and operator on wholly owned and partnership-funded properties, including the Wabamisk East and adjacent Wabamisk projects.
Average Trading Volume: 72,700
Technical Sentiment Signal: Buy
Current Market Cap: C$78.43M
For detailed information about AZM stock, go to TipRanks’ Stock Analysis page.