Azimut Exploration Management

Management criteria checks 2/4

Azimut Exploration's CEO is Jean-Marc Lulin, appointed in Jun 2003, has a tenure of 20.92 years. total yearly compensation is CA$340.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 2.62% of the company’s shares, worth CA$1.34M. The average tenure of the management team and the board of directors is 3.6 years and 6.1 years respectively.

Key information

Jean-Marc Lulin

Chief executive officer

CA$340.0k

Total compensation

CEO salary percentage	100.0%
CEO tenure	20.9yrs
CEO ownership	2.6%
Management average tenure	3.6yrs
Board average tenure	6.1yrs

Recent management updates

Recent updates

Investors Shouldn't Be Too Comfortable With Azimut Exploration's (CVE:AZM) Robust Earnings

Jul 22

We're Not Very Worried About Azimut Exploration's (CVE:AZM) Cash Burn Rate

Mar 15

Is Azimut Exploration (CVE:AZM) In A Good Position To Invest In Growth?

Jan 31

CEO Compensation Analysis

How has Jean-Marc Lulin's remuneration changed compared to Azimut Exploration's earnings?
Date	Total Compensation	Salary	Company Earnings
Feb 29 2024	n/a	n/a	-CA$2m
Nov 30 2023	n/a	n/a	-CA$2m
Aug 31 2023	CA$340k	CA$340k	-CA$2m
May 31 2023	n/a	n/a	-CA$2m
Feb 28 2023	n/a	n/a	CA$105k
Nov 30 2022	n/a	n/a	CA$1m
Aug 31 2022	CA$309k	CA$309k	CA$2m
May 31 2022	n/a	n/a	CA$3m
Feb 28 2022	n/a	n/a	CA$777k
Nov 30 2021	n/a	n/a	-CA$220k
Aug 31 2021	CA$256k	CA$256k	-CA$551k
May 31 2021	n/a	n/a	-CA$655k
Feb 28 2021	n/a	n/a	CA$101k
Nov 30 2020	n/a	n/a	-CA$107k
Aug 31 2020	CA$345k	CA$220k	-CA$303k
May 31 2020	n/a	n/a	-CA$1m
Feb 29 2020	n/a	n/a	-CA$837k
Nov 30 2019	n/a	n/a	-CA$909k
Aug 31 2019	CA$187k	CA$187k	-CA$956k
May 31 2019	n/a	n/a	-CA$241k
Feb 28 2019	n/a	n/a	-CA$297k
Nov 30 2018	n/a	n/a	-CA$178k
Aug 31 2018	CA$208k	CA$178k	-CA$19k
May 31 2018	n/a	n/a	-CA$2m
Feb 28 2018	n/a	n/a	-CA$2m
Nov 30 2017	n/a	n/a	-CA$2m
Aug 31 2017	CA$265k	CA$167k	-CA$2m

Compensation vs Market: Jean-Marc's total compensation ($USD247.12K) is above average for companies of similar size in the Canadian market ($USD174.31K).

Compensation vs Earnings: Jean-Marc's compensation has increased whilst the company is unprofitable.

CEO

Jean-Marc Lulin

20.9yrs

Tenure

CA$340,000

Compensation

Dr. Jean-Marc Lulin, Ph D., P.Geo. has been the Chief Executive Officer and President of Azimut Exploration Inc. since June 5, 2003. Dr. Lulin developed and implemented a mineral potential targeting method...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jean-Marc Lulin	President	20.9yrs	CA$340.00k	2.62% CA$ 1.3m
Moniroth Lim	CFO & Corporate Secretary	18.1yrs	CA$190.00k	0.21% CA$ 108.0k
Jonathan Rosset	Vice-President Corporate Development	2yrs	CA$200.00k	0.42% CA$ 216.0k
Rock Lefrancois	Vice President of Exploration	1.1yrs	CA$130.54k	no data
Pothier Valiquette	Legal Counsel	no data	no data	no data
Simon Houle	Chief Geologist	3.6yrs	no data	no data

3.6yrs

Average Tenure

Experienced Management: AZM's management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jean-Marc Lulin	President	20.9yrs	CA$340.00k	2.62% CA$ 1.3m
Jean-Charles Potvin	Independent Director	20.9yrs	CA$25.00k	1.36% CA$ 698.7k
Glenn Mullan	Independent Chairman of the Board	4.3yrs	CA$30.00k	0.041% CA$ 21.0k
Jacques Simoneau	Independent Director	12yrs	CA$25.00k	0.39% CA$ 200.4k
Christiane Bergevin	Independent Director	1.8yrs	CA$20.00k	0.023% CA$ 12.0k
Michel Brunet	Independent Director	6.1yrs	CA$20.00k	0.067% CA$ 34.5k
Vanessa Laplante	Director	less than a year	no data	0.0082% CA$ 4.2k

6.1yrs

Average Tenure

65yo

Average Age

Experienced Board: AZM's board of directors are considered experienced (6.1 years average tenure).

Azimut Exploration Management

Management criteria checks 2/4

Key information

Recent management updates

Azimut Exploration Inc. Announces Board Changes

Azimut Exploration Inc., Annual General Meeting, Feb 23, 2024

Insufficient new directors

Azimut Exploration Inc., Annual General Meeting, Feb 23, 2023

Azimut Exploration Inc. Appoints Christiane Bergevin to its Board of Directors

Azimut Exploration Inc. Announces Resignation of Krista Muhr as Member of Board of Directors

Recent updates

Azimut Exploration Inc. Announces Very Encouraging Visual Results from Its Second Phase of Diamond Drilling on the Galinée Property in the Eeyou Istchee James Bay Region of Quebec, Canada

Azimut Exploration Inc. Announces New Drilling Phase on the Elmer Gold Property

Azimut Exploration Inc. and KGHM International Ltd. Discover Nickel-Copper-PGE Mineralization on the Kukamas Property, James Bay Region, Quebec

Azimut Exploration Inc. Announces Board Changes

Azimut Exploration Inc. Reports Additional Assay Results from the Maiden 5,000-Metre Core Drilling Program on the Galinée Property in the Eeyou Istchee James Bay Region of Quebec, Canada

New minor risk - Shareholder dilution

New major risk - Revenue and earnings growth

Azimut Exploration Inc. and SOQUEM Inc. Announce Major Drill Intercept in First Hole on Galinee: 2.48% Li2O over 72.7 metres

New minor risk - Shareholder dilution

Azimut Exploration Inc., Annual General Meeting, Feb 23, 2024

Azimut Exploration Inc. Reports Additional Significant Intercepts of Spodumene Pegmatites from the Core Drilling Program on the Galinée Property in the Eeyou Istchee James Bay Region of Quebec

Azimut Exploration Inc. Announces Initial Mineral Resource Estimate for the Patwon Gold Zone, Elmer Property, James Bay Region, Quebec

New minor risk - Share price stability

Azimut and SOQUEM Drill Wide Lithium-bearing Pegmatite Intercepts at Galinée, James Bay Region, Quebec

New minor risk - Shareholder dilution

Azimut Exploration Inc. announced that it has received CAD 8.18657 million in funding

Azimut Exploration Inc. Reports A Comprehensive Lithium-Focused Prospecting Program Is Underway on the Wapatik Property in the Eeyou Istchee James Bay Region of Quebec

Azimut Exploration Inc. announced that it expects to receive CAD 8.000405 million in funding

Azimut and Soquem Uncover A Spodumene-Bearing Pegmatite Boulder Field At Galinee, James Bay Region, Quebec

Azimut Exploration Inc. Defines Major Lithium Exploration Targets on Its 100% Owned James Bay Lithium Property, Quebec

Azimut Exploration Inc. Provides Update on its Exploration Activities

Azimut Reports Latest Results and Comprehensive Drilling Review for the Elmer Gold Property, James Bay Region, Quebec

Azimut Exploration Inc. and SOQUEM to Drill-Test Strong Lithium Targets on Galinée Property, James Bay Region, Quebec

Price target increased by 22% to CA$3.60

Investor sentiment deteriorates as stock falls 18%

Insufficient new directors

Investor sentiment deteriorates as stock falls 24%

Azimut Exploration Inc. Commence 3,000 Km Airborne Geophysical Survey to Cover the Kukamas Cu-Au Property, James Bay Region, Quebec

Azimut Exploration Inc. (TSXV:AZM) acquired 16 claim blocks in James Bay Region.

Investor sentiment improved over the past week

Azimut Exploration Inc. Report the Results from 15 Additional Mineralized Holes from the Patwon Gold Zone on Elmer Property

Azimut Exploration Inc., Annual General Meeting, Feb 23, 2023

Price target increased to CA$2.65

Azimut Exploration Inc. and Mont Royal Discover by Prospecting Second Nickel-Copper-Bearing Intrusion At Wapatik

Azimut Exploration Inc. Announces Third Drilling Phase Has Started on the Wapatik Property

Azimut Exploration Inc. and Mont Royal Conduct Follow-Up Drilling and Prospecting At Wapatik for Nickel-Copper and Gold

Azimut Exploration Inc. Reports Significant Exploration Progress on the Elmer Gold Property in Eeyou Istchee James Bay Region of Quebec

Azimut Exploration Inc. Appoints Christiane Bergevin to its Board of Directors

Newmont Corporation (NYSE:NEM) and Fury Gold Mines Limited (TSX:FURY) agreed to acquire a 23.77% stake in Eleonore South Joint Venture for CAD 3.7 million.

Azimut Exploration Inc. Continues Its Patwon Delineation Program and Starts Property-Wide Exploration Drilling on the Elmer Property

Investors Shouldn't Be Too Comfortable With Azimut Exploration's (CVE:AZM) Robust Earnings

Azimut Exploration Inc. Announces Resignation of Krista Muhr as Member of Board of Directors

Azimut Exploration Inc. Announces the Discovery of Nickel-Copper Massive Sulphide Mineralization During its Maiden Diamond Drilling Program on the Wapatik Property

Azimut Exploration Inc. Reaches 800 Metres Deep on the Patwon Gold Zone and Delivers More Wide Intercepts

Azimut Exploration Inc. Commence Maiden Drilling Program At Wapatik

Azimut Delivers More Wide Gold Intercepts at Patwon

Price target increased to CA$2.95

Azimut and Mont Royal Identify Strong Conductors At Wapatik

Azimut Exploration Inc. Advances Camp-Scale Exploration At Elmer

We're Not Very Worried About Azimut Exploration's (CVE:AZM) Cash Burn Rate

Azimut Exploration Inc. Announces Start of a Ground Geophysics Survey on the Wapatik Property

Azimut Exploration Inc. (TSXV:AZM) acquired 1,051 claims in the James Bay region Canada.

Azimut Exploration Inc. Reports Positive Initial Metallurgical Results from Elmer

Azimut and SOQUEM Drill the District-Scale Rex and Rex South Copper-Gold Properties in the Nunavik Region of Quebec

Third quarter 2021 earnings released: CA$0.015 loss per share (vs CA$0.005 loss in 3Q 2020)

Azimut Exploration Inc. announced that it expects to receive CAD 25.000218 million in funding

Azimut Drills 24.0 g/t Au over 18 m, Including 38.7 g/t Au over 9 m, in the Expanding Patwon Gold Zone, Elmer Property, Quebec

Azimut Exploration Inc Drills 14 Holes Showing Wide Mineralized Intervals At the Patwon Gold Zone, Assays Pending

Azimut Exploration Inc. Cuts Wide High-Grade Gold Intervals At Patwon on the Elmer Property, Including 6.43 G/T Au over 40.6 M

Azimut Exploration Inc. Reports Initial Metallurgical Tests from the Patwon Gold Zone, Elmer Property, Quebec

Azimut Exploration Inc. Appoints Krista Muhr to Its Board of Directors

Azimut Exploration Inc. Reports Results of A 105 Line-Kilometre Induced Polarization ("Ip") Geophysical Survey over an 8-Kilometre by 3-Kilometre Priority Exploration Corridor Surrounding the Patwon Discovery

Is Azimut Exploration (CVE:AZM) In A Good Position To Invest In Growth?

Azimut Exploration Inc. Starts A 15,000-Metre Drilling Program on the Elmer Property, James Bay Region, Quebec

Azimut Exploration Inc. Announces Preliminary Results of a High-Density Till Sampling Survey

Independent Director exercised options to buy CA$82k worth of stock.

Full year 2020 earnings released: CA$0.005 loss per share

Azimut Exploration Inc., Annual General Meeting, Feb 25, 2021

Azimut Carries Out 100 Line-KM of Induced Polarization at Elmer to Outline Drill Targets on Strike from Patwon Gold Discovery