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. (AMXEF) is a Quebec-focused junior mining company advancing high-grade gold and copper-rich VMS discoveries at its flagship Perron Project. This news hub provides investors with essential updates on exploration progress, corporate developments, and technical milestones.
Access authoritative reporting on drilling results, resource estimates, and operational strategies. Our curated news collection covers permit acquisitions, partnership announcements, and financial disclosures critical for evaluating this exploration-stage company.
Key updates include Perron Project's multi-zone exploration results, QAQC-certified assay data, and strategic expansions within Quebec's Abitibi region. Track developments across Denise, Gratien, and High-Grade Zones through verified press releases and analysis.
Bookmark this page for streamlined access to AMXEF's evolving exploration narrative. Regular updates ensure informed tracking of geological discoveries and corporate milestones shaping this emerging mineral explorer's trajectory.
Amex Exploration (OTCQX:AMXEF) has released an updated Preliminary Economic Assessment (PEA) for its Perron gold project in Quebec, demonstrating robust economics with a post-tax IRR of 70.1% and NPV of C$1,085M at US$2,500/oz gold.
The project features a two-phase development strategy: a 4-year toll milling operation at 1,000 tpd followed by a 13-year on-site processing plant at 2,000 tpd. Phase 1 requires low initial capital of C$77.5M net, while Phase 2 needs C$191.6M in growth capital.
The mine will produce an average of 112,000 oz gold annually over the first 10 years, with a total life-of-mine production of 1.66M oz over 17.5 years at an attractive AISC of US$1,061/oz. The project benefits from high grades (5.07 g/t average) and existing infrastructure in the prolific Abitibi region.
Amex Exploration (OTCQX:AMXEF) has announced impressive results from its updated Preliminary Economic Assessment (PEA) for the wholly-owned Perron gold project in Quebec. The project features a two-stage production strategy with a Phase 1 4-year toll milling operation at 1,000 tpd, followed by Phase 2 with a 13-year on-site processing plant at 2,000 tpd.
Key financial metrics include a post-tax IRR of 70.1% and NPV of C$1,085M at US$2,500/oz gold price. The project boasts average annual production of 95,000 oz gold over its 17.5-year mine life, with higher production of 112,000 oz annually in the first 10 years. Initial capital costs are C$146.1M, partially offset by C$68.6M in pre-production revenues.
The project demonstrates strong economics with a post-tax payback period of 1.4 years and competitive All-in Sustaining Costs (AISC) of US$1,061/oz. The mine plan combines underground and open-pit operations, with processing recovery rates of 95%.
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.
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 (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.
FAQ
What is the current stock price of Amex Expl (AMXEF)?
What is the market cap of Amex Expl (AMXEF)?
