CEO.CA's Inside the Boardroom: Amex Exploration Raises C$30M Led by Eldorado Gold, Updated PEA Underway on Perron Project

Rhea-AI Summary

Amex Exploration (OTCQX:AMXEF) has secured a significant strategic investment from Eldorado Gold, which has increased its stake to approximately 17% through a C$30M financing. The company is currently working on an updated Preliminary Economic Assessment (PEA) for its Perron Project.

The new PEA will feature a four-year toll milling strategy with a staged mine development plan, focusing on fast-tracking gold production from the high-grade Champagne Zone while simultaneously de-risking the full-scale mine development of the Perron Project. The announcement was made during an interview with CEO Victor Cantore on CEO.CA's 'Inside the Boardroom' series.

Toronto, Ontario--(Newsfile Corp. - July 28, 2025) - CEO.CA ("CEO.CA"), the leading investor social network in junior resource and venture stocks, shares exclusive updates with CEOs of junior mining explorers.

Founded in 2012, CEO.CA, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popular free financial websites and apps in Canada and for investors globally - with industry leading audience engagement and mobile functionality. Millions of people visit CEO.CA each year to connect with investors from around the world, share knowledge and view impactful stories about stocks, commodities, and emerging companies.

Meet the Executive Shaping the Mining Landscape

'Inside the Boardroom' is more than just an interview series - it's a chance to gain firsthand knowledge from industry leaders, understanding their vision, challenges, and strategy.

We caught up with Victor Cantore, President & CEO of Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) to discuss Eldorado Gold's strategic investment increasing their stake to- ~17%, the pricing dynamics of flow-through shares vs. hard dollar shares, and why the updated PEA will feature a four-year toll milling strategy using a staged mine development plan that fast-tracks gold production from the high-grade Champagne Zone while de-risking the full-scale mine development of the Perron Project.

Amex Exploration Inc

(TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF)

Cannot view this video? Visit:
https://www.youtube.com/watch?v=NF6Ce5yAAHQ

Tune in to 'Inside the Boardroom' each week and be part of the conversation that's shaping the business landscape. Visit CEO.CA or our YouTube page for hundreds more executive interviews from CEO.CA here.

Interested in showcasing your company on 'Inside the Boardroom'? Get in touch with our team at sales@ceo.ca for further details and opportunities.

About CEO.CA

The leading community for investors & traders in junior resource & venture stocks. CEO.CA is one of the most popular free financial websites and apps in Canada and for small-cap investors globally -- with industry leading audience engagement and mobile functionality. Since 2012, CEO.CA has brought millions of investors together from over 164 countries to discuss their portfolio holdings and find new investment opportunities. Download our App on iOS or Android marketplace or visit us today at CEO.CA to set up your free account.

CEO.CA is a wholly owned subsidiary of EarthLabs, Inc.

For further information please contact:

CEO.CA
Email: hello@ceo.ca
Website: CEO.CA

Neither the TSX Venture Exchange ("TSXV"), OTC Best Market ("OTCQX") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement

The information regarding any issuer contained or referred to in any interviews conducted by CEO.CA has been furnished by such issuer directly, and neither CEO.CA nor any of its affiliates or principals assumes any responsibility for the accuracy or completeness of such information or for any failure by an issuer to ensure disclosure of events or facts which may affect the significance or accuracy of any such information.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release may include, but is not limited to, the objectives, goals, future plans, statements regarding exploration results and exploration and/or development plans of companies featured on the CEO.CA platform. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects, currency risk and the other risks involved in the applicable exploration and development industry, and those risks set out in the public documents of such companies filed on SEDAR or elsewhere from time to time. Undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. CEO.CA disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260378

FAQ

What is the size of Eldorado Gold's investment in Amex Exploration (AMXEF)?

Eldorado Gold led a C$30M financing round in Amex Exploration, increasing their stake to approximately 17% in the company.

What is Amex Exploration's (AMXEF) development strategy for the Perron Project?

Amex Exploration is implementing a four-year toll milling strategy with a staged mine development plan, focusing on fast-tracking gold production from the Champagne Zone while de-risking full-scale mine development.

Who is the CEO of Amex Exploration (AMXEF)?

Victor Cantore is the President & CEO of Amex Exploration Inc.

What stock exchanges is Amex Exploration listed on?

Amex Exploration is listed on multiple exchanges: TSXV (AMX), Frankfurt Stock Exchange (MX0), and OTCQX (AMXEF).

What is the purpose of the updated PEA for Amex Exploration's Perron Project?

The updated PEA will outline a staged development approach that includes a four-year toll milling strategy to fast-track gold production from the high-grade Champagne Zone while reducing development risk.