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An update from Amex Exploration ( (TSE:AMX) ) is now available.
Amex Exploration has launched the permitting and preparatory work for a dedicated 25 kV Hydro-Québec power line to its Perron Project, mandating Abitibi-based contractor Moreau to handle planning, engineering and regulatory support for the 6.5 km connection from the Normétal substation. The grid tie-in, targeted for commissioning in the third quarter of 2026 pending permits, is expected to reduce diesel dependence, cut greenhouse gas emissions and enhance operational reliability, while bolstering the technical and economic parameters of the ongoing Phase 1 toll-milling feasibility work and reinforcing the long-term viability and environmental positioning of the Perron Project.
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 Canadian mineral exploration company focused on high-grade gold discoveries and copper-rich volcanogenic massive sulphide (VMS) zones at its 100%-owned Perron Gold Project in Quebec. The Perron property comprises 183 contiguous claims over 65.75 km² and, together with adjacent projects in Quebec and Ontario, forms a district-scale land package of more than 500 km² in a highly prospective gold and VMS belt, supported by year-round road access, nearby processing plants and regional infrastructure.
Average Trading Volume: 221,207
Technical Sentiment Signal: Buy
Current Market Cap: C$618.5M
For a thorough assessment of AMX stock, go to TipRanks’ Stock Analysis page.