Amex Exploration

Amex Exploration Inc. is a Canadian-based mining company advancing one of North America's highest-grade gold development projects—the Perron Gold Project in Quebec's prolific Abitibi Greenstone Belt. With a substantial mineral resource base of 1.615 million ounces of gold in the Measured & Indicated categories at an exceptional grade of 6.14 g/t Au, and an additional 698,000 ounces in the Inferred category at 4.31 g/t Au, the Perron project represents a transformational asset in a Tier-1 mining jurisdiction.​

The company's flagship Champagne Zone alone contains 831,000 ounces at an extraordinary grade of 16.20 g/t Au, positioning it among the highest-grade gold deposits in Canada. Amex benefits from a district-scale land package of 197.52 km² covering 70 km of strike length along the Abitibi Greenstone Belt, with excellent existing infrastructure including year-round road access, low-cost hydroelectric power, and proximity to the town of Normétal. 

Amex Exploration is listed on the TSX Venture Exchange (TSXV: AMX), Frankfurt Stock Exchange (FSE: MX0), and OTCQX (AMXEF), and is backed by a proven management team with deep expertise in high-grade gold discovery and development.​

Amex Exploration presents a compelling investment opportunity with its advanced-stage Perron Gold Project, distinguished by its exceptional grade quality and capital-efficient development strategy. The 2025 Preliminary Economic Assessment demonstrates outstanding economics with a 17.5-year mine life, average annual production of 95,000 ounces of gold, and peak production exceeding 102,000 ounces annually during Phase 1. The feasibility study highlights a pre-tax NPV of C$1.885 billion and an IRR of 99.1%, underpinned by robust project economics at a gold price of US$2,500/oz.​

With an estimated all-in sustaining cost (AISC) of US$1,061 per ounce of gold, Amex stands out for its cost efficiency, ranking among the lowest-cost gold developers in Canada despite its ultra-high-grade profile. The company's staged development approach further reduces capital intensity, with initial Phase 1 capital of only C$146.1 million partially offset by pre-production revenues of C$68.6 million, resulting in a net initial CAPEX of just C$77.5 million. This capital efficiency is unmatched among peers, generating C$7 of NPV for every dollar of initial investment.​

In addition to its economic potential, Amex is strategically located in Quebec, a top-tier mining jurisdiction with strong governmental support and established mining infrastructure. The company's commitment to environmental responsibility and community partnership, including active engagement with the Abitibiwinni First Nation, positions it as a responsible developer. As global demand for high-quality gold assets continues to rise, Amex Exploration is poised to deliver exceptional returns to investors, offering significant leverage to gold prices and a de-risked path to production.

Amex Exploration is led by a seasoned management team with deep expertise across capital markets, mine operations, and geological exploration. Victor Cantore, President and CEO, brings over 20 years of advisory and leadership experience in resource and hi-tech sectors, having structured numerous equity and debt financings, mergers, and strategic alliances throughout his career.​

Pierre Carrier, Chief Operating Officer, leverages his geology background and extensive executive experience, having previously served as President of Opsens for nearly a decade and CEO of TSX-listed Roctest Ltd, with a proven track record in financing and acquisitions.​

Patrick Musampa, Chief Financial Officer, is a Chartered Professional Accountant with specialized mining sector expertise developed through serving multiple public companies and founding MGM Resources Consulting, which provides CFO and financial controller services to mining companies.​

Aaron Stone, Vice President Exploration, is a registered Professional Geologist with direct experience at Newmont’s Éléonore mine, Bonterra’s Bachelor mine, and Amex’s Perron project. His background includes managing large drilling programs in both Canadian gold and Australian iron ore operations, bringing pragmatic geological and management skills from his education at Curtin University and the West Australian School of Mining.

Amex Exploration is executing a comprehensive growth plan focused on advancing its flagship Perron Gold Project to production while emphasizing operational excellence and resource expansion. The company is moving through critical baseline studies and permitting stages following its 2025 PEA, targeting completion of a feasibility study and construction decision by 2026-2027. This development timeline supports a significant 17.5-year mine life, establishing Perron as one of Canada's major high-grade gold operations.​

Resource expansion is central to Amex's strategy, with aggressive exploration continuing across its district-scale land package. The company is systematically expanding the Gratien and Grey Cat zones to the west and at depth, investigating the significance of felsic intrusions on mineralization, and building detailed 3D lithostructural models to guide exploration. The newly discovered JT Zone and expanded Team Zone demonstrate the property's significant untapped potential, while the Perron West project offers a potential mirror image of the prolific Beaupré Block rhyolite that hosts all major gold discoveries to date.​

A key advantage in Amex's growth plan is its access to existing infrastructure and its simple, easily permitted project design. With no lakes or rivers on the development area, established site access, and inexpensive hydroelectric power, Perron benefits from straightforward logistics and environmental permitting. The staged production strategy allows early cash flow from Phase 1 toll-milling operations while building toward the larger Phase 2 owner-operated mine, significantly reducing financing risk and shareholder dilution.​

As of 2025, Amex Exploration is well-positioned financially, with a strong asset base and a strategic focus on advancing its flagship Perron Gold Project. The company benefits from significant capital efficiency, with initial Phase 1 capital estimated at C$146.1 million, partially offset by pre-production revenues of C$68.6 million, resulting in a net initial CAPEX of only C$77.5 million. Phase 2 growth capital is estimated at C$191.6 million, with sustaining capital of C$386 million over the 17.5-year mine life.​

The Perron Gold Project is projected to deliver exceptional financial returns with a pre-tax net present value (NPV) of C$1.885 billion at a 5% discount rate and an internal rate of return (IRR) of 99.1%. On an after-tax basis, the project's NPV is C$1.085 billion, with a 70.1% IRR and a payback period of just 1.4 years. The project is expected to generate cumulative after-tax undiscounted net free cash flow of C$1.768 billion, with average annual production of 95,000 ounces at an AISC of US$1,061 per ounce.​

Amex Exploration maintains a tight capital structure with 142.3 million shares issued and strong institutional support from major shareholders including Eldorado Gold (17%) and Eric Sprott (10.5%). The company remains focused on securing necessary project financing through a combination of equity, debt, and potential strategic partnerships, leveraging its exceptional project economics and capital-efficient staged development approach to minimize shareholder dilution while maximizing value creation.​

Amex Exploration Inc. stands at the threshold of becoming a premier high-grade gold producer in Canada, with its flagship Perron Gold Project positioned as one of the highest-grade development-stage gold assets in North America. With 1.615 million ounces of gold at 6.14 g/t Au, exceptional Champagne Zone grades of 16.20 g/t Au, and a commitment to responsible mining practices, Amex offers a unique investment opportunity in a top-tier jurisdiction.​

The company's extraordinary capital efficiency, staged development strategy, and district-scale exploration potential position it for exceptional long-term success. As Amex advances through key project milestones—from feasibility studies and permitting to construction and eventual production—the company is well-positioned to deliver robust returns, benefiting from favorable commodity prices and growing institutional recognition.​

For investors seeking exposure to a high-grade, capital-efficient mining project with significant exploration upside and exceptional margins, Amex Exploration presents a compelling opportunity. The company's disciplined approach to development, backed by strong shareholder support and a proven management team, ensures that Amex is not only a sound investment today but a potential industry leader for the future.