Azincourt Energy Corp. Appoints Mark Tommasi as Chief Executive Officer
MWN-AI** Summary
Azincourt Energy Corp. announced the appointment of Mark Tommasi as its new Chief Executive Officer and Director, effective immediately. Tommasi, a veteran with over 30 years in capital markets and corporate development, brings extensive experience in the junior exploration sector. His track record includes successfully guiding companies through early exploration and growth phases, utilizing strategic insight and results-driven methodologies to enhance market positioning and access capital.
Tommasi expressed enthusiasm for joining Azincourt at a pivotal time, given the company's strong portfolio of uranium exploration assets in Canada, particularly in light of the increasing global demand for nuclear energy and secure uranium supply. He looks forward to furthering the company's projects and generating long-term value for shareholders.
Former CEO Alex Klenman, who is stepping down from his position and the role of Corporate Secretary, praised Tommasi's capabilities and highlighted the company's recent successes, including significant capital raises and advancements in its uranium portfolio. Klenman emphasized the strategic timing of this leadership transition and expressed confidence in Tommasi's capacity to build on the company's momentum. Azincourt remains focused on advancing its uranium exploration while positioning itself to benefit from the growing global interest in nuclear energy.
In conjunction with Tommasi's appointment, the company announced the grant of 1,250,000 restricted share units and 7,500,000 incentive stock options to various stakeholders, pending approval from the TSX Venture Exchange. Azincourt is committed to its exploration and development initiatives, particularly at its Harrier project in Labrador and its East Preston project in Saskatchewan, as it aims to capitalize on the rising demand for uranium and critical energy resources.
MWN-AI** Analysis
Azincourt Energy Corp. has taken a significant step by appointing Mark Tommasi as Chief Executive Officer. His extensive background in capital markets and the junior exploration sector places him in an ideal position to navigate the challenges and opportunities within the uranium market, especially as global demand for nuclear energy continues to grow.
Investors should view this leadership transition as a potential inflection point for Azincourt. Mr. Tommasi's adeptness in securing financing and establishing industry relationships could enhance the company’s market visibility, leading to increased investor interest. The focus on a robust portfolio of uranium exploration assets in premier jurisdictions like Saskatchewan and Labrador further solidifies Azincourt’s strategic positioning against a backdrop of rising uranium prices and an urgent need for secure uranium supply.
The mention of a maiden resource estimate being forthcoming is a critical catalyst that could drive share prices upward. As Tommasi aligns the company’s strategic direction towards growth and sustainability, shareholders might expect increased valuations, contingent on successful exploration outcomes.
However, it’s important to acknowledge the inherent risks in mining exploration, including geological uncertainties, regulatory challenges, and capital requirements. Investors should remain cautious and consider broader market conditions that can affect uranium prices, such as geopolitical factors and global energy policies.
For those interested in Azincourt’s prospects, maintaining a diversified portfolio could mitigate potential risks. Monitoring the company’s performance post-transition, particularly in terms of project advances and financial health, will be key. Participating in this sector could prove beneficial for investors seeking exposure to alternative energy resources, but it is essential to stay informed about market dynamics and company milestones in the uranium space.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2026) - AZINCOURT ENERGY CORP. (TSXV: AAZ) (OTCQB: AZURF) (FSE: A0U0) ("Azincourt" or the "Company"), is pleased to announce the appointment of Mark Tommasi as Chief Executive Officer and Director of the Company, effective immediately.
Mr. Tommasi is a seasoned capital markets and corporate development professional with over 30 years of experience, including extensive involvement in the junior exploration sector. Over the course of his career, he has played a key role in guiding numerous companies from early exploration through critical growth stages, leveraging strategic insight and a results-driven approach to help organizations strengthen their market position and access capital.
Mr. Tommasi's expertise includes building strong industry relationships, securing financing, and enhancing market visibility to attract investment. He specializes in structuring growth strategies, optimizing business models, and positioning companies for both immediate success and long-term sustainability. With extensive C-suite and board-level experience, he has provided governance, financial structuring, and strategic oversight to a variety of emerging companies within the resource sector.
Mr. Tommasi commented:
"I am very pleased to be joining Azincourt Energy at an exciting time for both the Company and the uranium sector. Azincourt holds a strong portfolio of uranium exploration assets in Canada, including projects in premier uranium jurisdictions. With the increasing global focus on nuclear energy and the importance of secure uranium supply, I believe the Company is well positioned to advance its projects and strengthen its presence within the uranium exploration space. I look forward to working with the team to build on the Company's foundation and create long-term value for shareholders."
"I'm very pleased to welcome Mark as CEO," said former CEO, Alex Klenman. "Over the past year, we have successfully strengthened the Company through meaningful capital raises while advancing a compelling uranium portfolio, anchored by our established Saskatchewan assets and complemented by our highly prospective project in Labrador. With a maiden resource estimate within reach and multiple catalysts ahead, the Company is well-positioned for continued growth. The timing for this leadership transition is both strategic and appropriate, and as a shareholder, I have strong confidence in Mark's ability to build on this momentum and drive Azincourt forward. I look forward to supporting the team in an advisory capacity as the Company enters this next phase."
Azincourt would like to thank former CEO and Director, Alex Klenman, for his time with the Company. Mr. Klenman is also stepping down as Corporate Secretary and Mark Tommasi will assume the role. The Company wishes Mr. Klenman all the best in his future endeavours.
Additionally, the Company announces that it has granted 1,250,000 restricted share units ("RSUs") and 7,500,000 incentive stock options ("Options") to certain directors, officers and consultants of the Company. Such grants are subject to TSX Venture Exchange approval. Each Option is exercisable to purchase one common share of the Company for five years at a price of C$0.06 per common share. The RSU's and Options were granted in accordance with the terms of the Company's omnibus incentive plan (the "Plan") and will be subject to vesting according to the Plan.
About Azincourt Energy Corp.
Azincourt is a Canadian-based resource company focused on the exploration and development of alternative energy projects including uranium, lithium and other critical clean energy elements. The company is currently active at the Harrier uranium project, which contains the Snegamook uranium deposit, located in the Central Mineral Belt of Labrador. Azincourt also controls a nearly 90% interest in the East Preston uranium project, located the western Athabasca Basin, Saskatchewan.
Azincourt continues to focus on advancing its uranium exploration portfolio, while positioning the Company to benefit from the growing global demand for nuclear energy and uranium supply.
ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.
"Mark Tommasi"
Mark Tommasi, CEO
For further information please contact:
Mark Tommasi, CEO
info@azincourtenergy.com
Azincourt Energy Corp.
1012 - 1030 West Georgia Street
Vancouver, BC V6E 2Y3
www.azincourtenergy.com
Cautionary Statement Regarding Forward-Looking Statements
This news release contains "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the "Risks and Uncertainties" in the Company's management discussion and analysis for the fiscal year ended September 30, 2025, dated January 28, 2026, and also include if the Company does not carry out exploration activities in respect of its mineral project as planned (or at all); and that the Company may not be able to carry out its business plans as expected.
Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company's actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: the future price of minerals; anticipated costs and the Company's ability to raise additional capital if and when necessary; volatility in the market price of the Company's securities; future sales of the Company's securities; the Company's ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company's mineral properties; the costs of operating and exploration expenditures; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions.
The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288910
FAQ**
How does Azincourt Energy Corp (AZURF) plan to utilize its strong portfolio of uranium assets in Vancouver to capitalize on the growing demand for nuclear energy and secure uranium supply?
What strategies will Mark Tommasi implement as the new CEO of Azincourt Energy Corp (AZURF) to enhance market visibility and attract investment in Vancouver's resource sector?
Given the current economic climate, how will Azincourt Energy Corp (AZURF) navigate potential risks and uncertainties while pursuing exploration activities in Vancouver and beyond?
What specific milestones should investors expect from Azincourt Energy Corp (AZURF) in the coming months as it advances its uranium exploration projects in British Columbia?
**MWN-AI FAQ is based on asking OpenAI questions about Azincourt Energy Corp. (TSXVC: AAZ:CC).
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