Amex Expl Stock Price, News & Analysis

Amex Exploration (OTCQX:AMXEF) has appointed Phil Brumit and Peter Damouni to its Board of Directors, marking a strategic shift towards advancing the Perron Gold Project into production. Brumit, who brings over 45 years of mining industry experience from companies like Lundin Mining and Newmont Corporation, will lead the newly formed Project Development Technical Team.

The appointments strengthen Amex's leadership with Brumit's extensive mine-building expertise and Damouni's 20+ years of corporate and investment banking experience. The Perron project is positioned as a tier-one asset, featuring high-grade gold deposits and access to major infrastructure including power, roads, skilled labor, and housing in a safe jurisdiction.

Amex Exploration (OTCQX:AMXEF) has filed an updated NI 43-101 Mineral Resource Estimate (MRE) Technical Report for its 100% owned Perron Gold Project in Quebec, Canada. The report, effective May 21, 2025, reveals significant resource growth with total Measured & Indicated Resources of 1.615 Moz at 6.14 g/t Au and Inferred Resources of 698 koz at 4.31 g/t Au.

The Champagne Zone showcases high-grade resources of 831 koz at 16.20 g/t Au in the Measured & Indicated category. The update represents a 172% increase in M&I Resources with a 43% increase in grade compared to the 2024 estimate. The company's land package has expanded from 45.6 to 197.5 km², offering additional exploration potential.

Amex Exploration (OTCQX: AMXEF) held its annual general meeting on June 30, 2025, where shareholders approved all proposed items. Key changes include the election of new directors Phillip S. Brumit Sr. and Peter Damouni, while longstanding Executive Chairman Jacques Trottier retired after serving since 2002.

Shareholders approved a new omnibus equity incentive plan replacing the previous stock option plan. The plan allows for various incentive awards up to 10% of outstanding shares, including stock options, restricted share units, and performance share units. The company also clarified that Milestone Payments for the Perron West Project acquisition cannot be paid in company shares.

Amex Exploration (AMXEF) announced a significant increase in gold resources at its Perron Project in Quebec. The 2025 Mineral Resource Estimate shows 1.615 Moz of Measured & Indicated Resources at 6.14 g/t Au in 8.183 Mt and 698 koz Inferred at 4.31 g/t Au in 5.044 Mt. The flagship Champagne Zone (formerly High Grade Zone) contains 831 koz of M&I resources at 16.20 g/t Au. The update represents a 172% increase in M&I Resources with a 43% grade improvement over the 2024 estimate. The company plans to complete an updated Preliminary Economic Assessment later in 2025, leveraging the project's excellent infrastructure and high-grade nature. The property has expanded from 45.6 to 197.5 km², providing additional exploration potential.

Amex Exploration (TSXV: AMX, OTCQX: AMXEF) has contracted Norda Stelo to conduct environmental baseline studies for its Perron project. The study will assess pre-construction environmental conditions, including air, water, soil, and biotic resources.

The 2025 work plan focuses on surface and groundwater analysis, along with aquatic, humid, and natural environment characterization. This initiative follows the company's PEA study and represents a important step toward production.

Norda Stelo, with experience in over 120 environmental and social management projects, specializes in mining project development in Quebec, offering services in environmental studies, technical assessments, and environmental permits.

Amex Exploration (TSXV: AMX, OTCQX: AMXEF) has successfully completed the acquisition of the Perron West Project, expanding its mining portfolio with 100% undivided interest in strategic properties across Quebec and Ontario. The acquisition encompasses:

- 48 contiguous claims totaling 1,737 hectares adjacent to the Company's existing Perron project in Quebec's Abitibi-Témiscamingue region

- 35 mining claims (33 multi-cell and 2 single-cell) covering 13,455 hectares in Ontario's Abbotsford, Adair and Hepburn Townships

The total acquired area spans 15,192 hectares. The transaction was executed through a definitive asset purchase agreement with an arm's length vendor, following the previous announcement made on March 25, 2025.

Amex Exploration (AMXEF) has announced significant drill results from its Perron Project in northwestern Abitibi, Quebec, expanding the Central Polymetallic Zone (CPZ) mineralized footprint by approximately 130m westward near surface. The key highlight comes from drill hole PEG-25-854, which intercepted 39.06 g/t Au, 331.92 g/t Ag, 1.14% Cu, 3.38% Zn, and 2.35% Pb over 1.30m at a vertical depth of ~105m.

The CPZ is characterized as a discordant linear volcanogenic hydrothermal feeder with gold-bearing quartz-sulfide veins. Recent drilling has successfully extended the zone both up and down plunge since the June 30, 2024 Mineral Resource Estimate. The geology team has identified potential for CPZ extension at depth, with a possible correlation to the Donna Copper Zone, following a pattern similar to other regional VMS orebodies that show zinc enrichment near surface and copper enrichment at depth.

Amex Exploration (AMXEF) has announced a significant land acquisition through a definitive asset purchase agreement, expanding its Perron Project from 4,560 to 19,752 hectares. The newly acquired Perron West Project adds 15,192 hectares across Quebec and Ontario provinces.

The acquisition includes 48 contiguous claims in Quebec (1,737 hectares) and 35 mining claims in Ontario (13,455 hectares). The property features seven gold and five copper showings, with recent soil sampling yielding promising results including 1.75 g/t Au. The expansion gives Amex control over 35 km of the Normétal Fault and 9 km of the Perron Fault.

The purchase terms include: $150,000 cash payment, issuance of 1.5 million company shares (with 36-month staged release), a 1.5% gross overriding royalty, and milestone payments of $1 million each upon reaching specific resource and economic study targets. The transaction awaits TSX Venture Exchange approval.

Amex Exploration (AMXEF) has announced its fully funded 2025 exploration drill program for the Perron Project in Quebec. The program has two main components:

1. A Regional Program focused on exploring new, untested targets across multiple areas to discover new High Grade Zone structures in the Beaupré Block and other locations.

2. An Expansion Program aimed at growing resources in areas identified in the recent Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA), particularly through step-out drilling.

The regional program will focus on three main areas: the untested Patten Pluton and its contacts, northwestern areas of the Beaupré Block, and the Normétal South Block. The expansion program targets additional near-surface ounces at multiple zones including Gratien, Grey Cat, and Denise, while also conducting some drilling at the High Grade Zone to upgrade resource confidence.