Amex Starts Permitting Dedicated Hydro-Quebec Power Connection for its Perron Project
Amex De-Risks Phase 1 Operations with Hydro-Quebec Grid Connection as Feasibility Deadline Looms
The most recent news release (February 3, 2026) announces that Amex Exploration has awarded a mandate to "Moreau" for preparatory work and regulatory support to construct a dedicated 25 kV power line. This 6.5 km line will connect the Normétal substation to the Perron Project. The infrastructure is designed to provide stable, renewable power from Hydro-Québec, reducing reliance on diesel generators. Commissioning is anticipated for Q3 2026, contingent on permitting. This follows the January 15, 2026, update confirming that the Phase 1 Feasibility Study (FS) is on track for completion by the end of Q1 2026.
The impact of this news is Routine - Positive. While infrastructure development is essential for any mining operation, the permitting of a power line is a standard developmental milestone. - Operational De-risking: Connecting to the Hydro-Québec grid significantly improves the "economic parameters" of the project by lowering power costs compared to diesel and enhancing reliability for the upcoming bulk sampling and Phase 1 operations. - Alignment with Strategy: This move supports the "staged development strategy" outlined in the September 2025 PEA, which focuses on a low-CAPEX Phase 1 (direct shipping/toll milling) to fund a larger Phase 2. - Timing: Commissioning in Q3 2026 aligns with the planned underground bulk sample program, ensuring power is available for intensive site activities.
Amex Exploration is a Quebec-based junior miner focused on the Perron Gold Project in the Abitibi Greenstone Belt. - Flagship Project: Perron Project, located 8 km from Normétal. It features high-grade gold (Champagne Zone) and bulk-tonnage potential (Denise Zone). - Resource Status: 1.615 Moz Gold (Measured & Indicated) at 6.14 g/t Au, plus 0.698 Moz (Inferred) at 4.31 g/t Au. - Strategy: A two-stage development path. Phase 1 (Years 1-4) involves contract mining and toll-milling (1,000 tpd) to generate early cash flow with a low net initial CAPEX ($77.5M CAD). Phase 2 (Years 5-17) involves an on-site 2,000 tpd mill funded by Phase 1 cash flow.