Dios Exploration Inc. Sells K2 Property to Azimut Exploration Inc.

On July 3, 2025, Dios Exploration Inc., a materials sector company specializing in mineral exploration, announced the sale of its K2 Property to Azimut Exploration Inc. This transaction marks a significant development for both companies, with Azimut expanding its flagship Elmer Project through this acquisition.

Transaction Details

Azimut Exploration Inc. has entered into a binding purchase and sale agreement to acquire the K2 Property, located adjacent to the Elmer Property in the Eeyou Istchee James Bay region of Quebec, Canada. The K2 Property comprises 103 claims covering an area of 54.3 km². Under the terms of the agreement, Azimut will acquire a 100% interest in the K2 claims for a cash payment of C$120,000 and the issuance of 200,000 common shares of Azimut.

As part of the deal, Dios Exploration Inc. will retain a 2.0% Net Smelter Return (NSR) royalty on the K2 claims. However, this NSR royalty is subject to a buydown option, allowing Azimut to reduce the NSR by 1.0% for a payment of C$3,000,000.

Company Background

Dios Exploration Inc., based in Montreal, Canada, is listed on the TSX Venture Exchange and focuses on exploring and developing mineral properties, with a particular emphasis on diamond exploration in Quebec and Ontario. The company’s recent financial performance shows a close price of C$0.03 as of July 1, 2025, with a 52-week high of C$0.04 and a low of C$0.02.

Azimut Exploration Inc., on the other hand, is expanding its operations in the James Bay region, known for its rich mineral potential. The acquisition of the K2 Property is expected to enhance Azimut’s exploration capabilities and strengthen its position in the region.

Market Reaction

The news of the acquisition has been well-received in the market, reflecting positively on Azimut’s strategic expansion efforts. Investors are closely monitoring the potential impact of this acquisition on Azimut’s future exploration activities and overall growth prospects.

For more information, Dios Exploration Inc. can be reached through their website at www.diosexplo.com , and Azimut Exploration Inc. is listed on the TSX Venture Exchange under the ticker symbol AZM and on the OTCQX under AZMTF.