Region
James Bay
Introduction
The Corvet property lies immediately south of the emerging Corvette (PMET) lithium district, near the Trans-Taiga Road, a nearly 600-km-long gravel highway running east-west through the James Bay region. It is 55 km southwest of the La Grande-4 airstrip and 225 km east-southeast of Radisson. The property straddles a major tectonic boundary and displays a strong multi-element (Ag-As-Bi-Cu-Sb) spatial association in lake-bottom sediments. The property also covers an outstanding lithium exploration target represented by a prominent 26-km-long Li anomaly in lake-bottom sediment coupled with strong Rb, Cs, Ga and Sn footprints.
In July 2023, Azimut announced the signing of two option to joint venture agreements with Rio Tinto Exploration Canada Inc ("Rio Tinto"). In July 2025, it announced that it revised these agreements (the "Revised Agreement") to consolidate the previous agreements and to cover three properties – Corvet, Kaanaayaa and Wabamisk East (together the “CKW Properties”). The agreement was terminated in late 2025.
