Northwire Canada EditionSaturday, November 7, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Financings

Amex Exploration Announces up to C$43.5 Million Private Placement of Common Shares

Amex Exploration Closes Funding Gap for Perron Gold Mine Following Feasibility Study

By The Northwire Desk — AI Analysis May 05, 2026 · 17:27 AMX · 4.79 Amex Exploration Inc.
Executive Summary
  • Event: Private Placement Financing Announcement.
  • Date: May 5, 2026.
  • Details: Amex Exploration announced a "best efforts" private placement of up to 9,661,000 common shares at $4.50 per share.
  • Proceeds: Up to C$43.5 million gross (including over-allotment).
  • Use of Funds: Capital expenditures for the bulk sampling development phase of the Perron Gold Project and general corporate purposes.
  • Participants: Eldorado Gold Corporation is expected to participate; CEO Victor Cantore intends to participate pro rata.
  • Closing: Expected May 21, 2026.
  • Context: This follows the April 13, 2026 Feasibility Study release which outlined a net initial capital requirement of C$77.5 million for Phase 1 (toll-milling).
Material Impact
  • Positive Validation: The financing confirms management's ability to raise capital at near-market levels ($4.50 offer vs $4.64 recent close) following the Feasibility Study release, validating the project's valuation.
  • Execution Enabler: The C$43.5 million raised covers approximately 56% of the Phase 1 net initial capital (C$77.5 million), significantly de-risking the path to bulk sampling and production start-up targeted for 2028.
  • Dilution Concern: While necessary, the issuance represents dilution to existing shareholders. However, the discount is minimal (~3%), avoiding the severe dilution seen in distressed financings.
  • Strategic Alignment: Eldorado Gold's continued participation reinforces strategic confidence from a major industry player who previously increased its stake to ~17% (July 2025) and now holds ~27% per March 2026 presentation.
  • Risk Mitigation: Securing funds before the bulk sampling phase begins reduces the risk of project delays due to liquidity constraints, a common failure point for development-stage juniors.
AMX · Price
Company Overview
  • Company: Amex Exploration Inc. is a gold exploration and development company focused on the Abitibi Greenstone Belt in Quebec and Ontario, Canada.
  • Flagship Project: Perron Gold Project (Quebec). 100% owned.
    • Status: Development / Pre-Production. Phase 1 Feasibility Study completed April 2026.
    • Resource: 1.615 Moz Measured & Indicated @ 6.14 g/t Au (May 2025 MRE).
    • Strategy: Two-phase development. Phase 1 involves toll-milling (contract mining) to generate early cash flow; Phase 2 involves an owner-operated mill.
  • Secondary Project: Perron West Project (Ontario/Quebec border). Exploration stage, expanding the district-scale land package to ~502 km².
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