Northwire Canada EditionThursday, November 12, 2026
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Production / Operations

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

By The Northwire Desk — AI Analysis Feb 03, 2026 · 07:01 AMX · 4.29 Amex Exploration Inc.
Executive Summary

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.

Material Impact

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.

AMX · Price
Company Overview

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.

Read the original news release →

More from Amex Exploration Inc.

Oct 29, 2026 · 07:02

Amex confirms high-grade resource conversion with a 320 metre step-out that remains narrow in width.

Drill Results Sep 21, 2026 · 07:01

Amex reports the Perron decline has passed 75 metres while the bulk-sample ramp continues to progress according to plan.

Production / Operations Sep 10, 2026 · 07:01

Amex’s Early Rose zone returned narrow intersections near the ramp, highlighting the deposit’s proximity to infrastructure as a key development driver.

Drill Results Sep 02, 2026 · 07:01

Amex completed portal construction and blasted the first ramp round at its project, with bulk sampling scheduled next.

Production / Operations Aug 13, 2026 · 07:01

Amex’s Perron permit filing advances the project timeline, though significant execution hurdles remain for the deposit.

Production / Operations Aug 05, 2026 · 07:02

Amex completes portal blasting at Perron and prepares for bulk sample ramp development, maintaining its project schedule without unexpected delays.

Production / Operations