Amex Expl Stock Price, News & Analysis

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.

Amex Exploration has announced significant drilling results expanding multiple gold zones at its Perron Project in northwestern Abitibi, Quebec. Key high-grade gold intersections include:

- Denise Zone: 35.82 g/t Au over 1.20m (including 60.82 g/t Au over 0.70m)
- Upper High Grade Zone: 69.03 g/t Au over 0.50m
- E2 Zone: 5.75 g/t Au over 2.40m and 6.02 g/t Au over 3.00m
- Grey Cat Zone: 49.75 g/t Au over 0.60m
- Gratien Zone: 5.71 g/t Au over 3.80m and 7.44 g/t Au over 2.00m
- JT Zone: 0.61 g/t Au over 162.00m and 0.72 g/t Au over 123.00m

The drilling program was optimized following the recent Preliminary Economic Assessment (PEA) to add economically viable ounces to existing zones. The company also reported its first discovery of visible gold mineralization outside the Beaupré Block in the basalts, demonstrating potential for gold mineralization across the entire Perron property.

Amex Exploration (TSXV: AMX, OTCQX: AMXEF) has filed the NI 43-101 compliant Preliminary Economic Assessment (PEA) technical report for its 100% owned Perron gold project in Quebec, Canada. The report, with an effective date of September 5, 2024, follows the previously announced results from November 13, 2024. The technical report was prepared by a team of qualified professionals from various consulting firms including GoldMinds Geoservices, Laurentia Exploration, Evomine Consulting, Bumigeme, and Groupe Alphard. The complete report titled 'NI 43-101 Technical Report, Preliminary Economic Assessment, Perron Project, Quebec, Canada' is available on the company's website and SEDAR+.

CEO.CA, a leading investor social network for venture stocks and subsidiary of EarthLabs, Inc., has released its latest 'Inside the Boardroom' interviews featuring executives from junior mining companies. The episode features discussions with Victor Cantore of Amex Exploration and Gareth and Eira Thomas of Westhaven Gold, focusing on PEA updates and company catalysts. CEO.CA, established in 2012, serves millions of visitors annually as one of Canada's most popular financial websites, offering a platform for investors to connect and share knowledge about stocks, commodities, and emerging companies.

Amex Exploration announces positive PEA results for its wholly-owned Perron gold project in Quebec. The project demonstrates strong economics with a pre-tax IRR of 59.5% and NPV of C$948 million at US$2,000/oz gold. The mine plan envisions a 10-year operation producing an average of 101,000 oz Au annually, with higher production of 124,000 oz Au in the first 5 years. Initial capital expenditure is estimated at C$229 million with all-in sustaining costs of US$807/oz Au. The project will utilize underground mining supplemented by open pit operations, processing 1,750 tonnes per day with a 95% gold recovery rate. Environmental impact is minimized by using mined-out pits for tailings storage.

Amex Exploration (AMXEF) announced expansion of its Central Polymetallic Zone (CPZ) with high-grade drill results, including 134.36 g/t Au over 1.8 m at ~435m depth. The new intercept could extend CPZ by 100m beyond its current area. Additional drilling at High Grade and Team Zones intercepted mineralization outside the Perron Project's disclosed resource, with notable results including 5.06 g/t Au over 9.60 m at the High Grade Zone and 62.50 g/t Au over 0.60 m at the Team Zone. The company also expanded the JT Zone to approximately 450m of strike with 60m thickness. The zone remains open to the east at depth.

Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) has successfully closed a non-brokered private placement, raising C$6,594,100 through the issuance of 5,734,000 units at C$1.15 per unit. Each unit consists of one common share and half a warrant, exercisable at C$1.40 for 24 months. The offering was conducted under the Listed Issuer Financing Exemption, with no hold period on the units. Proceeds will fund the company's Preliminary Economic Study on its Perron Gold Project and working capital.

Additionally, Amex has filed a NI 43-101 Mineral Resource Estimate technical report for the Perron gold project, effective September 05, 2024. The report, prepared by GoldMinds Geoservices Inc. and Laurentia Exploration Inc., is available on the company's website and SEDAR+.

Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) has announced an upsize to its non-brokered private placement. The company now plans to offer up to 4,710,000 units at a price of C$1.15 per unit, aiming to raise aggregate proceeds of C$5,416,500. Each unit consists of one common share and half a warrant, with each whole warrant exercisable at C$1.40 for 24 months. The offering is expected to close around October 15, 2024.

The funds will be used to advance the company's Preliminary Economic Study on its Perron Gold Project and for general working capital. The offering is being conducted under the Listed Issuer Financing Exemption, meaning the units will not be subject to a hold period under Canadian securities laws. An amended offering document is available on SEDAR+ and the company's website.