Amex to prepare for power line work to Perron

Executive Summary

• Amex Exploration Inc. has awarded a mandate to contractor Moreau to handle planning, engineering, and regulatory permitting for a dedicated 25-kilovolt power line connecting Hydro-Quebec's Normetal substation to the Perron project in Valcanton.
• The 6.5-kilometer line is targeted for commissioning in Q3 2026, providing a stable, renewable power source that will replace diesel generators and support bulk sampling and Phase 1 toll-milling operations.
• Securing permanent grid power early is expected to improve cost visibility, operational reliability, and technical/economic parameters currently being evaluated in the Phase 1 feasibility study.

Key Details

• Contractor: Moreau (Abitibi-based specialist in industrial electrical infrastructure)
• Scope of Work: Preparatory work, planning, engineering, and regulatory permitting for the power line construction
• Infrastructure Specs: 25-kilovolt medium-voltage line, approximately 6.5 km in length
• Route: Hydro-Quebec Normetal substation to the Perron project site
• Commissioning Timeline: Third quarter of 2026 (subject to permit approval)
• Operational Use: Supports bulk sampling activities and projected Phase 1 toll-milling operations (currently in feasibility study)
• Environmental & Economic Impact: Eliminates diesel generator dependence, lowers greenhouse gas emissions, reduces fuel-handling risks, improves site efficiency, and enhances overall project robustness and cost visibility
• Technical Oversight: Reviewed and approved by Stephen Coates, PEng, independent qualified person under National Instrument 43-101

Notable Quotes

• Victor Cantore, President & CEO: "Direct connection to Hydro-Quebec's grid is expected to be an important contributor to the technical and economic parameters being evaluated in the ongoing phase 1 feasibility work. Establishing permanent grid power early enhances cost visibility, operating reliability and overall project robustness."