Diligence memo · auto-generated · as of July 2, 2026
Azimut Exploration Inc.
Azimut Exploration Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Azimut Exploration Inc. operates in Mining & Resources, based in LONGUEUIL.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Azimut Exploration Inc. has raised $4.1M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.6M on 2021-07-16.
Most recent recorded round closed around 2021-07-16.
Valuation (modeled)modeled
Provath models Azimut Exploration Inc. at approximately $12M (range $2.2M–$69M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.10× the median modeled value of Seed Mining & Resources companies in 2019–2021 (47 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 69 months.
Last raise 5.0 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 2.6× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 65% of Mining & Resources peers (701 compared).
Modeled value ranks above 80% of those peers.
Closest niche peers: Millennial Silver Corp., Bullfrog Gold Corp., Digital Carpenters Mining LLC, Harfang Exploration Inc., GARNEX GOLD Corp.
Peoplefiled
13 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.