Azimut Sells Galinée Property Interest to LiFT Power

LONGUEUIL, Quebec, Dec. 24, 2025 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) announces the signing of an acquisition agreement (the “Agreement”) with LiFT Power Ltd. (“LiFT”) (TSXV: LIFT, OTCQX: LIFFF) to sell its 50% interest in the Galinée Property (the “Property”) located in the Eeyou Istchee James Bay region of Quebec. This transaction was initially disclosed on December 15, 2025, in conjunction with LiFT’s announcement of its proposed acquisition of Winsome Resources Ltd. (“Winsome”), the owner of the adjacent development-stage Adina property (see Figures 1 and 2).

Azimut Exploration Inc. has announced its agreement to sell its interest in the Galinée Property to LiFT Power, a company looking to expand its assets in the James Bay region of Quebec. This agreement comes as part of Azimut's strategic initiatives to bolster its portfolio and focus on its primary mining operations. The transaction includes various terms that are expected to benefit both parties as they proceed with their respective operational goals in the mineral exploration sector.

The Galinée Property, which has been under Azimut’s administration, is situated in a resource-rich area recognized for its mineral potential. The sale to LiFT Power is part of a broader trend in the mining industry where companies often look to divest non-core assets while consolidating their resources in areas with higher exploration and financial promise. Azimut's decision aligns with its strategy of optimizing its resource allocation towards its most promising projects.

LiFT Power, in acquiring the Galinée Property, aims to leverage existing data and previous exploration work to further its research and development in the area. This acquisition is expected to enhance LiFT Power's portfolio and position it strategically in the competitive mining landscape of Quebec. Both companies have expressed optimism about the future collaboration and potential synergies that could arise from this transaction.

The terms of the sale also reflect a growing interest in renewable energy resources associated with mining operations. LiFT Power’s focus on sustainability and renewable solutions is expected to influence how the Galinée Property will be developed moving forward. The alignment in environmental and corporate governance standards may attract further investment and interest in the region.

Furthermore, the news emphasizes the importance of strategic agreements in the mineral exploration industry, where companies must continually adapt to market demands and operational viability. Azimut's focus on improving its core assets while allowing another firm to take on the Galinée Property exemplifies a growing trend of specialization and efficiency within the mining sector.