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The latest announcement is out from Amex Exploration ( (TSE:AMX) ).
Amex Exploration has ordered a water treatment plant from Abitibi-based ASDR and engaged Norda Stelo to begin an Environmental Impact Assessment for Phase 1 of its Perron Project. The water treatment plant will support the upcoming bulk sample program and is designed for reuse in the planned custom milling phase, helping optimize capital spending while ensuring early-stage regulatory-compliant water management.
The Environmental Impact Assessment mandate will underpin the permitting process for custom milling operations targeted for 2028, integrating environmental, hydrological, social, economic and land-use considerations from the outset. These moves mark a significant de-risking step for Perron, signaling management’s confidence in the project’s potential and reinforcing its commitment to responsible, transparent development aligned with regulatory and community expectations.
The most recent analyst rating on (TSE:AMX) stock is a Buy with a C$6.50 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. The Perron and adjacent Ontario properties together form a 502.53 km² district-scale land package in a well-serviced, infrastructure-rich gold mining region near existing processing plants.
Average Trading Volume: 190,645
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$619.9M
Find detailed analytics on AMX stock on TipRanks’ Stock Analysis page.