Northwire Canada EditionWednesday, August 5, 2026
Sign inSubscribe
Northwire
⌕
SGML 14.78 −4.7% DEF 0.175 +6.1% UCU 3.45 +0.0% BBB 0.670 −1.5% PML 1.68 +1.2% GR 0.065 +0.0% GSKR 3.45 +4.9% LAR 8.98 −0.8% LSTR 0.090 +28.6% NTH 0.160 −3.0% BVA 0.800 −3.6% OTMC 0.400 +14.3% GPAC 0.340 +9.7% LEGY 0.940 +0.0% CVB 0.150 +0.0% SCZ 10.94 +7.4% SGML 14.78 −4.7% DEF 0.175 +6.1% UCU 3.45 +0.0% BBB 0.670 −1.5% PML 1.68 +1.2% GR 0.065 +0.0% GSKR 3.45 +4.9% LAR 8.98 −0.8% LSTR 0.090 +28.6% NTH 0.160 −3.0% BVA 0.800 −3.6% OTMC 0.400 +14.3% GPAC 0.340 +9.7% LEGY 0.940 +0.0% CVB 0.150 +0.0% SCZ 10.94 +7.4%
Technical Study

Amex Advances Bulk Sample and Phase 1 Feasibility Study

Amex De-Risks Path to Production While Major Backer Trims Stake

By The Northwire Desk — AI Analysis Jan 15, 2026 · 07:02 AMX · 4.8 Amex Exploration Inc.
Executive Summary

The news release on January 15, 2026, provides an operational update on the Perron Gold Project in Quebec. Key highlights include: - Completion of detailed engineering design for the bulk sample program. - Advancement of permitting with the Quebec Ministry of Environment and Ministry of Natural Resources. - Awarding of the Phase 1 Feasibility Study (FS) mandate to Evomine Consulting Inc. - Confirmation that the FS remains on track for completion by the end of Q1 2026. - The company is targeting a bulk sample start in H1 2026 and a full project start-up in 2028. - The FS focuses on the "Direct Shipping Ore" (DSO) strategy, utilizing toll-milling to minimize initial capital requirements.

Material Impact

This news is a routine but necessary progression in the project lifecycle. While it does not change the resource size or the fundamental economics (NPV/IRR) established in the September 2025 PEA, it significantly reduces execution risk. - Timeline Confirmation: Management is adhering to the aggressive schedule set out in late 2025. - Engineering Maturity: 100% completion of detailed design for the bulk sample suggests the project is move-ready once permits arrive. - Strategic Focus: By focusing on Phase 1 (1,000 tonnes per day via toll-milling), the company is prioritizing cash flow over building a massive mill immediately, which is a lower-risk entry for a junior developer. - Contextual Headwind: This positive update follows a major disposition by Eric Sprott in December 2025 (14.8 million shares sold), which may create an overhead supply of shares despite the operational progress.

AMX · Price
Company Overview

Amex Exploration owns the Perron Gold Project in the Abitibi Greenstone Belt, Quebec. - Flagship: Perron Gold Project. - Stage: Feasibility / Permitting. - Resource (May 2025): 1.615 Moz Gold (Measured & Indicated) at 6.14 g/t and 0.698 Moz Gold (Inferred) at 4.31 g/t. - Economics (Sept 2025 PEA): After-tax NPV (5%) of $1.085B CAD and 70.1% IRR at $2,500 USD gold. - Strategy: Staged development. Phase 1 focuses on high-grade toll-milling; Phase 2 involves building an on-site 2,000 tpd mill.

Read the original news release →

More from Amex Exploration Inc.

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 Jul 13, 2026 · 07:01

Amex Gold awarded CMAC-Thyssen a contract for Perron bulk sample underground work to maintain near-term development schedules.

Production / Operations Jul 06, 2026 · 08:10

Amex Gold advances its Perron project bulk sample program by engaging a portal contractor and installing a water plant on site.

Production / Operations Jun 18, 2026 · 08:54

Eldorado Gold secures a 27% stake in Perron, cementing control as the project’s funding round concludes.

Financings May 28, 2026 · 20:35

Perron Feasibility Filing Confirms Strong Economics but Insider Selling and High Gold Assumptions Demand Caution

Technical Study May 21, 2026 · 17:35

Amex Exploration Secures Funding for Perron Feasibility Execution Amidst Strategic Investor Interest

Financings