Amex Advances Bulk Sample and Feasibility Work at Perron as Gold Market Strengthens

The latest update is out from Amex Exploration ( (TSE:AMX) ).

Amex Exploration announced continued progress on its planned bulk sample program and Phase 1 Feasibility Study for a direct shipping ore development strategy at the Perron Gold Project, with permitting for the bulk sample submitted in September 2025 and a targeted start in the first half of 2026. Key milestones include advancing requests for quotations and service provider discussions, completing detailed underground designs that will serve both the bulk sample and Phase 1 mining, and entering advanced negotiations for milling at nearby Abitibi facilities, all aimed at de-risking the project by validating geological and mining assumptions. The company has mandated Quebec-based Evomine to lead detailed engineering and the Phase 1 Feasibility Study, sent a metallurgical composite from the Champagne Zone for testing to ensure compatibility with local mill flowsheets, and reaffirmed that the study is on track for completion by the end of the first quarter of 2026, incorporating stronger gold prices to potentially enhance project economics and support permitting and development decisions toward a prospective 2028 start-up, reinforcing Amex’s positioning to benefit from favourable gold market conditions and create value for shareholders.

The most recent analyst rating on (TSE:AMX) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Amex Exploration stock, see the TSE:AMX Stock Forecast page.

Spark’s Take on TSE:AMX Stock

According to Spark, TipRanks’ AI Analyst, TSE:AMX is a Neutral.

The score is driven primarily by weak financial performance (pre-revenue, widening losses, and negative free cash flow) partly offset by a strong debt-free balance sheet. Technicals are a positive contributor due to a strong uptrend, though momentum looks overbought. Valuation is constrained by ongoing losses and no dividend support.

To see Spark’s full report on TSE:AMX stock, click here.

More about Amex Exploration

Amex Exploration Inc. is a mineral exploration company focused on high-grade gold and copper-rich volcanogenic massive sulphide (VMS) discoveries at its 100%-owned Perron Gold Project in Quebec, roughly 110 kilometres north of Rouyn-Noranda. The Perron property comprises 183 contiguous claims over 65.75 km² and hosts both bulk-tonnage and high-grade gold mineralization, while the broader consolidated land package, including the adjacent Perron West, Abbotsford and Hepburn projects in Ontario, totals more than 500 km² in a geologically prospective district. The project benefits from year-round road access, proximity to the town of Normétal and nearby processing plants owned by major gold producers, underpinning its development potential.

Average Trading Volume: 203,054

Technical Sentiment Signal: Buy

Current Market Cap: C$683.1M

See more insights into AMX stock on TipRanks’ Stock Analysis page.