Azimut Completes Galinée Property Deal with LiFT Power

LONGUEUIL, Quebec, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) announces the closing of the acquisition by LiFT Power Ltd. (“LiFT”) (TSXV: LIFT, OTCQX: LIFFF) of its 50% interest in the Galinée Property (the “Property”) located in the Eeyou Istchee James Bay region of Quebec.

Azimut Exploration Inc. has successfully completed a property transaction involving the Galinée Property, having reached an agreement with LiFT Power Inc. in the James Bay region of Quebec. This significant transaction marks a pivotal moment for both companies, with the Galinée Property seen as a high-potential site for mineral exploration and development.

The Galinée Property is strategically located within a mineral-rich area, known for its substantial potential for lithium and other valuable minerals. This region has gained attention in recent years due to the growing demand for lithium, driven by the surge in electric vehicle production and energy storage solutions. As a result, the collaboration between Azimut and LiFT Power signifies a proactive approach to capitalizing on this lucrative market.

The details of the agreement highlight Azimut's commitment to leveraging its extensive geological knowledge and exploration expertise. By collaborating with LiFT Power, which specializes in power generation technologies, Azimut aims to enhance the exploration and development of the Galinée Property effectively. Both companies have expressed optimism about the project's future, expecting that their combined efforts may lead to significant discoveries.

Furthermore, the transaction underscores Azimut's ongoing strategy of maximizing shareholder value by strategically partnering with firms that complement their strengths. This aligns with broader industry trends where mining companies increasingly seek alliances to mitigate risks and enhance project viability. Given the competitive landscape for mineral resources, such collaborations are becoming essential for sustained growth and innovation in the sector.

In summary, the completion of the Galinée Property transaction is a positive development for both Azimut Exploration and LiFT Power, setting the stage for new opportunities in mineral exploration and potentially lucrative discoveries in the James Bay region. Stakeholders are encouraged to monitor the progress of this partnership as it unfolds.