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.
Amex Exploration Inc. develops and explores gold projects in the Abitibi Greenstone Belt, with news centered on the Perron gold project in Québec and Perron West in Ontario. Company updates commonly cover drill results, grade-control work, bulk-sample permitting, feasibility-study economics, toll-milling development plans, and exploration targeting across its gold and VMS prospective land package.
Amex Exploration (OTCQX: AMXEF) signed an Exploration Agreement with the Apitipi Anicinapek Nation for the Perron West, Abbotsford and Hepburn Projects in Ontario.
The district-scale package covers 436.78 km2 with a 60 km strike; the agreement creates a community fund tied to exploration spending and secures AAN support for permitting.
Amex Exploration (OTCQX: AMXEF) reports further grade control results from the Champagne Zone at Perron, including 110.05 g/t Au over 2.15 m and 233.96 g/t Au over 1.00 m in hole PE-26-894 at ~145 m vertical depth.
The program aims to reconcile the block model, reduce drill spacing to ~5-10 m for the bulk sample, and supports a Phase 1 feasibility study on track for end of Q1.
Amex Exploration (OTCQX: AMXEF) announced grade control drill results for the Champagne Zone on February 18, 2026, supporting a planned bulk sample.
Highlight: 76.51 g/t Au over 6.40 m including 312.60 g/t Au over 1.55 m at ~200 m vertical depth; visible gold observed in two additional holes with assays pending. Drill spacing will be tightened to ~5-10 m to upgrade block-model confidence for bulk-sample stope design.
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.