Welcome to our dedicated page for Amex Expl news (Ticker: AMXEF), a resource for investors and traders seeking the latest updates and insights on Amex Expl stock.
News and updates for Amex Exploration Inc. (AMXEF) focus on the company’s exploration and technical work at its 100%-owned Perron Gold Project in Quebec and its broader land package in the Abitibi region. Amex’s releases regularly highlight high-grade gold drill results, copper-rich volcanogenic massive sulphide (VMS) discoveries, and progress on economic and engineering studies.
Recent news has covered the filing of an NI 43-101-compliant Updated Preliminary Economic Assessment (PEA) for Perron, followed by the start of a Phase 1 Feasibility Study. These items describe a staged development concept, with an initial contract mining and toll-milling operation in the Abitibi region and a subsequent owner-operated mine with on-site processing. Updates also include details of geomechanical drilling on the Champagne Zone, where Amex has reported very high-grade gold intercepts as part of rock mass characterization work.
Amex’s news flow also features regulatory and permitting milestones, such as the submission of a ministerial authorization request for an underground bulk sampling program targeting the Champagne and Denise zones. The company reports on exploration plans and drilling campaigns aimed at expanding zones like the Eastern Gold Zone and the Central Polymetallic Zone, as well as on regional exploration across Perron West, Abbotsford and Hepburn.
Community and corporate developments appear in the news as well, including presentations to local communities, the opening of community offices in Valcanton and Normétal, and equity-based compensation grants under the company’s omnibus equity incentive plan. Investors and observers following AMXEF news can use this page to track drilling results, technical reports, project studies, land acquisitions and community engagement initiatives related to Amex Exploration’s projects.
Amex Exploration (OTCQX: AMXEF) awarded a mandate to Moreau to prepare, plan and seek permits for a dedicated 25 kV medium-voltage power line ~6.5 km from Hydro-Québec's Normétal substation to the Perron Project in Valcanton. Subject to permits, commissioning is anticipated in Q3 2026.
The connection aims to replace diesel generation, support bulk sampling and Phase 1 operations under a toll-milling scenario, improve cost visibility and reduce GHG emissions.
Amex Exploration (OTCQX: AMXEF) said it is advancing a planned underground bulk sample at the Perron project and a Phase 1 Feasibility Study. The company submitted the bulk sample permit in September 2025 and is targeting commencement in H1 2026 subject to approvals. Evomine was awarded detailed engineering and FS work, and a 120 kg composite from the Champagne Zone was sent for metallurgical testing in December 2025. The Phase 1 FS is on track for completion and release by end of Q1 2026. Amex is targeting a potential project start-up in 2028 and says the FS will incorporate current market conditions, including higher gold prices.
Amex Exploration (OTCQX: AMXEF) completed the acquisition of a 100% undivided interest in 324 non-contiguous mining claims totaling 8,392.92 hectares in Abbotsford and Hepburn townships, Ontario.
The Transaction closed on December 16, 2025 pursuant to a definitive asset purchase agreement with an arm's length vendor announced on December 1, 2025.
Amex Exploration (OTCQX: AMXEF) presented the Perron gold project to Valcanton and Normétal on December 4, 2025, reviewing ongoing activities and the development plan for the historical Normétal Mining Camp. The company said it will increase the frequency of community presentations as Perron advances.
Amex expanded its community relations team with a new Community Relations Advisor, opened two local community offices in Valcanton and Normétal, and launched a dedicated community website at www.projetperron.ca. Contact: communautes@amexexploration.com, (819) 301-2990.
Amex Exploration (OTCQX: AMXEF) agreed to acquire the Abbotsford and Hepburn projects and staked adjoining ground, boosting its Abitibi footprint from 19,972 ha to 50,108 ha (501.08 km2) and controlling approximately 70 km of Normétal-Burntbush strike. Consideration includes $150,000 cash, 600,000 shares escrowed over 36 months, a 0.5% gross overriding royalty, and contingent cash milestones of $1,000,000 and $500,000. The properties will be subject to an existing 1.5% NSR (assumed on closing), and closing remains subject to TSX Venture approval and standard conditions.
The package adjoins Perron (2.3 Moz resource) and Agnico ground and is positioned for an initial exploration program with potential synergies to the Perron PEA infrastructure.
Amex Exploration (OTCQX: AMXEF) granted 3,250,000 incentive stock options and 2,026,000 restricted share units on November 21, 2025.
Each Option is exercisable for one common share at $2.85 per share for a five-year term. The RSUs vest in three equal annual tranches (one-third on each of the first, second, and third anniversaries) and convert to one share per RSU on vesting. All grants are subject to the company's omnibus equity incentive plan approved at the June 30, 2025 shareholder meeting. Issuable shares from the grants are subject to a four-month-and-one-day hold period under TSX Venture Exchange policy.
Amex Exploration (OTCQX: AMXEF) plans an extensive, fully budgeted 2026 exploration program of up to 100,000m of drilling across the Perron Project (Quebec) and Perron West Project (Ontario). For the remainder of 2025 the company will complete a 10,000m program focused on the Eastern Gold Zone (Champagne, Denise, Team, E2, JT and Alizée zones) to expand resources and test new structural targets.
Projects are contiguous, totaling 218 claims (20,030 hectares). Notable historical high-grade results cited include 1.80 m @ 134.36 g/t Au and 0.50 m @ 480.73 g/t Au. A bulk-sample permit application was submitted on Sept 18, 2025 and resource-conversion drilling for the Phase 2 feasibility is planned to start in 2027.
Amex Exploration (OTCQX: AMXEF) said it won the Discovery of the Year award from the Quebec Mineral Exploration Association for its Perron Gold Property in the Abitibi Greenstone Belt on October 31, 2025.
The company highlighted multiple high-grade zones (including Champagne) and provided a May 2025 Gold Mineral Resource Estimate of 1.615 million oz Measured & Indicated @ 6.14 g/t Au and 698,000 oz Inferred @ 4.31 g/t Au. An updated Preliminary Economic Assessment (September 2025, figures pre-tax at US$3,400/oz) shows an IRR 148.7%, NPV (5%) C$3.2 billion, cash flow C$5.1 billion and a 0.2 year payback.
Amex Exploration (OTCQX: AMXEF) reported assay and geomechanical results from a three-hole program at the Champagne Zone as part of its Phase 1 Feasibility Study on the Perron Project (October 21, 2025). Key assays include 213.11 g/t Au over 3.75 m and an internal high of 1106.50 g/t Au over 0.50 m in hole PEGT-25-001, plus 25.19 g/t Au over 32.80 m in the same hole. Geomechanical testing returned a mode Q' of 11, average UCS rhyolite 116 MPa and UCS diabase 334 MPa. Results show robust, continuous high-grade mineralization and competent rock mass data to inform stope dimensions, mining rate and numerical stress models for Phase 1.
Amex (OTCQX: AMXEF) filed an NI 43-101 Updated Preliminary Economic Assessment for the 100% owned Perron gold project, effective September 4, 2025. The PEA uses a US$2,500/oz gold price and C$/US$1.38 exchange rate and models a staged development with Phase 1 toll-milling (1,000 tpd) targeting 2028 and Phase 2 owner-operated expansion (2,000 tpd).
Key metrics: LOM 1.66M oz Au, average LOM grade 5.07 gpt, initial net CAPEX $77.5M, LOM AISC US$1,061/oz, after-tax NPV $1,085M, after-tax IRR 70.1%.