Azincourt Energy

What Azincourt Energy does

Azincourt Energy Corp. (TSXV: AAZ, OTCQB: AZURF, FSE: A0U2) is a Vancouver-based, publicly traded Canadian junior resource company focused on the acquisition, exploration, and development of uranium and lithium projects. Its core asset is the Harrier Project in the Central Mineral Belt of Labrador, a 12,200-hectare land package containing the Snegamook Uranium Deposit, where a ~2,000-metre diamond drilling program is being launched in 2026 to support a maiden NI 43-101 mineral resource estimate. The company also holds a near-90% interest (earning 70% through a JV with Skyharbour Resources and Dixie Gold) in the 25,000+ hectare East Preston Uranium Project in the western Athabasca Basin, Saskatchewan, where basement-hosted unconformity uranium targets analogous to NexGen's Arrow deposit have been identified. Additional assets include five lithium projects in Manitoba's Winnipeg River Pegmatite Field and the Escalera Group uranium-lithium concessions in Peru.

The company's underlying technology stack consists of conventional, systematic mineral exploration methods — VTEM helicopter-borne surveys, ground-based HLEM and gravity surveys, ICP-MS multi-element geochemistry, and diamond drilling — applied to historically underexplored ground. Exploration is led by VP Exploration C. Trevor Perkins (ex-Cameco Mongolia, Rio Tinto, UEX) and technical advisor Ted O'Connor. In November 2025 the company extended its strategy into downstream nuclear technology by acquiring an interest in Nuclea Energy Inc., a developer of lead-cooled micro modular reactors (Morpheus, 4–50 MW).

Azincourt is pre-revenue and generates no operating cash flow. Its business model is the exploration-stage mining model: capital is raised through non-brokered private placements of flow-through and non-flow-through equity units on the TSX Venture Exchange, and proceeds fund drilling and exploration campaigns intended to advance projects to resource-definition or transaction stage. Customers in the traditional sense do not exist; the company's "buyers" are Canadian retail investors, HNW individuals, family offices, and resource-focused institutional investors attracted by flow-through tax incentives. Insider participation in placements is routine. The company is led by Mark Tommasi (CEO from March 2026), with C$2.2 million raised in its largest placement to date to fund the 2026 Snegamook drilling program.

Name

Azincourt Energy

Legal name

Azincourt Energy Corp.

Website

https://azincourtenergy.com

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Azincourt Energy is a Vancouver-based, pre-revenue Canadian junior miner (TSXV: AAZ) exploring for uranium and lithium in Labrador, the Athabasca Basin, and Manitoba, using conventional diamond drilling and geophysical methods to advance the Snegamook deposit toward a maiden resource estimate.

Ownership category

akta.pro rank

Product category

Uranium and Lithium Mineral Exploration

NAICS

Coal Mining (2121)

SIC

Metal Mining (1000)

akta.pro primary industry

Uranium Exploration & Resource Development (EUAKACAA)

Keywords

• Uranium exploration
• Lithium exploration
• Mineral resource development
• Critical minerals exploration
• Junior mining

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Equity Financing / Capital Raises: Azincourt Energy is a pre-revenue junior exploration company. The company raises capital through non-brokered private placements of flow-through and non-flow-through units, as well as standard units. Flow-through units provide Canadian exploration expense tax incentives to attract investors. Proceeds fund drilling, exploration, and development of uranium and lithium projects in Canada. The company does not generate revenue from product sales or operations.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Azincourt Energy is a Canadian-based resource exploration and development company that acquires, explores, and advances uranium and lithium mineral projects. Current projects include the 12,200-hectare Harrier Project and Snegamook Uranium Deposit in Labrador, the 25,000+ hectare East Preston Uranium Project (70% JV interest) in the western Athabasca Basin of Saskatchewan, lithium projects in Manitoba, and the Escalera Group in Peru. The company funds exploration through private placements and is pre-revenue.

Product overview

Azincourt Energy is a Canadian resource exploration company focused on the acquisition, exploration, and development of alternative energy projects, primarily uranium and lithium. The company operates several exploration projects across Canada: the Harrier Uranium Project and Snegamook Uranium Deposit in Newfoundland and Labrador, the East Preston Uranium Project (70% JV) in Saskatchewan, and historical lithium projects in Manitoba. A former project in Peru (Escalera Group) remains under option. The company's primary focus is uranium exploration with the goal of advancing toward a maiden resource estimate at Snegamook.

Differentiator

Problem solved

Functional benefit

Products and services

• Harrier Uranium Project A 12,200-hectare uranium exploration project in the Central Mineral Belt of Newfoundland and Labrador, Canada, covering five distinct licence groups and containing over a dozen known uranium mineralization zones with surface rock samples grading up to 7.48% U3O8.
• Snegamook Uranium Deposit A uranium deposit within the Harrier Project in the Central Mineral Belt of Labrador, where historical 2007-2008 drilling identified uranium mineralization and a pending 2008 preliminary resource estimate by Silver Spruce Resources was never finalized into a NI 43-101 report. Check samples from historical drill hole SN-08-06 returned 2.71% U3O8, confirming high-grade mineralization potential.
• East Preston Uranium Project A 25,000+ hectare uranium project in the western Athabasca Basin, Saskatchewan, where Azincourt is earning a 70% interest through a joint venture with Skyharbour Resources and Dixie Gold Inc. Features three prospective conductive corridors totalling over 25 km strike length, targeting basement-hosted unconformity-related uranium deposits analogous to NexGen's Arrow deposit and Cameco's Eagle Point mine.
• Manitoba Lithium Projects Five lithium exploration projects in the Winnipeg River Pegmatite Field, Manitoba (Lithium One, Lithium Two, Lithman West, Lithman East, Lithman North) covering approximately 6,000 hectares in the Bird River Greenstone Belt, with historical drilling at Lithium Two defining 545,000 tonnes at 1.4% Li2O.
• Escalera Group Three uranium-lithium exploration concessions (Escalera, Lituania, Condorlit) covering 7,400 hectares on the Picotani Plateau in Puno Region, southeastern Peru, with reconnaissance sampling returning up to 8,061 ppm uranium.

Quantifiable outcome

• Check sample from historical drill hole SN-08-06 at Snegamook returned 2.71% U3O8, confirming high-grade mineralization potential identified by historical drilling.
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Nuclea Energy Inc.minorStrategic or Co-development Partner · 26 November 2025Azincourt Energy acquired an interest in Nuclea Energy Inc., a Canadian company developing micro modular reactors (MMR) with a focus on clean, scalable energy solutions for industrial, mining, and remote applications. Nuclea's Morpheus reactor is a lead-cooled, uranium-fueled microreactor producing 4 to 50 MW, designed for off-grid use. The company is in discussions with Canadian Nuclear Laboratories. This acquisition positions Azincourt alongside major deposits in the Central Mineral Belt of Labrador, including Paladin Energy's Michelin (127.7 Mlbs U3O8) and Atha Energy's Moran Lake and Anna Lake deposits.
• New Age Metals Inc. (TSXV: NAM)minorStrategic or Co-development Partner · 15 January 2018Azincourt Energy entered into a definitive property agreement with New Age Metals and its subsidiary Lithium Canada Development Inc. to earn up to 100% in five lithium exploration projects in the Winnipeg River Pegmatite Field, Manitoba, Canada: Lithium One, Lithium Two, Lithman West, Lithman East, and Lithman North. Azincourt can earn 50% by paying $200,000 cash, issuing 1,000,000 shares, and spending $2,100,000 on exploration over 36 months. An additional 10% can be earned by issuing another 1,000,000 shares and spending $750,000. Upon 100% acquisition, New Age Metals retains a 2% NSR royalty. Three of the five projects are drill-ready, including Lithium Two with a historical estimate of 545,000 tonnes at 1.4% Li2O.
• Skyharbour Resources Ltd. (TSXV: SYH) and Dixie Gold Inc. (TSXV: DG)coreStrategic or Co-development Partner · 1 March 2017Azincourt Energy is earning a 70% interest in the 25,000+ hectare East Preston Uranium Project as part of a joint venture agreement with Skyharbour Resources and Dixie Gold Inc. (formerly Clean Commodities Corp.). The JV partners hold the remaining interest. Azincourt earns its interest by incurring CDN $2.5M in exploration expenditures and paying an aggregate of CDN $1M over a four-year period. The project is located in the western Athabasca Basin in Saskatchewan, one of the world's premier uranium districts.

Scale indicators12 records

Recent moves4 records

Expansion highlights6 records

Direct peers

• Atha Energy: Uranium and critical minerals explorer with the Moran Lake and Anna Lake deposits in Labrador's Central Mineral Belt — the same district as Azincourt's Harrier Project. Comparable scale and stage; peer for district-level exploration benchmarks.
• Purepoint Uranium Group: Junior uranium explorer with multiple Athabasca Basin projects in JV with major operators. Compares to Azincourt on size, exploration stage, and joint-venture-driven business model in Saskatchewan uranium.
• UEX Corporation: Athabasca Basin uranium explorer with multiple projects including West Bear and Christie Lake. VP Exploration C. Trevor Perkins previously worked at UEX, providing direct lineage. Comparable stage and project portfolio breadth.
• Skyharbour Resources: JV partner at East Preston and a comparably-sized Athabasca Basin uranium explorer with multiple drill-stage projects. Directly comparable on geography (Saskatchewan uranium), stage (pre-resource exploration), and capital structure (junior, flow-through financings).
• Standard Uranium: Junior uranium explorer focused on the eastern Athabasca Basin with drill-stage projects. Comparable on size, exploration stage, and Canadian uranium focus; useful as a direct comparable for capital-raising cadence and discovery economics.

Broad incumbents

• NexGen Energy: Premier Athabasca Basin uranium developer with the Arrow deposit — the most advanced analog for the basement-hosted unconformity targets Azincourt is pursuing at East Preston. Larger, advanced-stage developer that defines the discovery benchmark Azincourt's exploration thesis is benchmarked against.
• Cameco Corporation: World's largest uranium producer with key assets in the Athabasca Basin including McArthur River and Eagle Point — the latter referenced as a direct analog for East Preston targets. Sets the long-term industry benchmark for Athabasca uranium economics.
• Fission Uranium: Athabasca Basin uranium developer with the PLS (Patterson Lake South) project. Provides a benchmark for the value uplift from drill discovery to PFS-stage uranium asset, a trajectory East Preston targets.
• Denison Mines: Athabasca Basin uranium developer with Wheeler River project (Phoenix and Gryphon deposits). Compares to Azincourt as a benchmark for how basement-hosted Athabasca discoveries translate from explorer to developer stage.
• Paladin Energy: Operator of the Michelin uranium deposit (127.7 Mlbs U3O8) located within the same Central Mineral Belt of Labrador as Azincourt's Harrier Project. Direct geographic and geological analog that validates the prospectivity of the Harrier land position.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/azincourtaaz
• LinkedInlinkedin.com/company/azincourt-energy-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds16 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Azincourt Energy