Region
James Bay
Introduction
Azimut acquired 200 separate nickel targets in the James Bay region since November 2021, identified using a rigorous and systematic regional targeting approach. The newly-formed Northern Nickel Corridor (NNC) Project represents the northern part of the James Bay Nickel (or JBN) project.
Azimut considers Eeyou Istchee–James Bay one of the province’s most prospective but under-explored regions for nickel. Its quality infrastructure is also a notable advantage.
The exploration concept supporting this project is based on a specific high-grade nickel deposit model, best illustrated by the Eagle’s Nest deposit in the Ring of Fire (Ontario, Canada) and the Eagle deposit in Michigan (USA). The NNC project also presents a significant potential for copper, cobalt and platinum group elements, which are commonly associated with nickel deposits. Given the current global energy transition period, all these commodities will be in high demand in the long term.
Azimut announced in 2026 that it signed an agreement with SOQUEM Inc. regarding a regional-scale strategic alliance covering the Northern Nickel Corridor (“NNC”) Project. SOQUEM has the right to earn up to a 60% interest in the NNC Project by incurring cumulative exploration expenditures of $11,000,000 and making cash payments totalling $350,000 (see news release April 14, 2026)
This new Azimut-SOQUEM alliance aims to unlock the nickel potential of a vast, largely underexplored region extending 360 kilometres east-west by 60 kilometres north-south.
In 2026, a major high-resolution magnetic-electromagnetic heliborne survey will be conducted to initially assess the claim blocks, followed by a field-based target validation program.
