Amex Expl Stock Price, News & Analysis

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%.

Amex Exploration (OTCQX:AMXEF) has initiated a Feasibility Study for Phase 1 of its Perron gold project in Quebec, Canada, following positive results from their recent Preliminary Economic Assessment (PEA). The study, expected to complete by Q1 2026, focuses on a 1,000 tonnes per day contract mining operation with toll-milling capabilities.

Key financial metrics include a low initial capital cost of $146.1M, offset by pre-production revenues of $68.6M for a net CAPEX of $77.5M. The project anticipates average annual gold production exceeding 100,000 oz with an AISC of US$1,165/oz Au and an average diluted head grade of 10.07 g/t. Production is targeted to begin in 2028, with Phase 2 development planned to be financed through Phase 1's free cash flow.

Amex Exploration (OTCQX:AMXEF) has submitted a ministerial authorization request for an underground bulk sampling program at its Perron gold project in Quebec's Abitibi-Témiscamingue region. The company has engaged Norda Stelo engineering firm to conduct environmental studies and prepare the application.

The bulk sample will be collected at a 230-meter vertical depth, focusing on the Champagne and Denise zones. The program aims to enhance geological understanding, validate resource estimates, confirm mining concepts, and obtain material for processing tests. Subject to regulatory approval, work is expected to begin in Q1 2026, with approximately 15 months of mine preparation before bulk sampling can commence.