Amex Exploration ( (TSE:AMX) ) has issued an update.
Amex Exploration Inc. has entered into a definitive agreement to acquire a significant land package, expanding its holdings around the Perron Project from 4,560 hectares to 19,752 hectares. This acquisition, named the Perron West Project, is strategically important as it includes geological features similar to the existing Perron Project, potentially leading to new gold and copper discoveries. The acquisition allows Amex to control over 35 kilometers of the Normétal Fault and 9 kilometers of the Perron Fault, positioning the company to leverage its existing infrastructure for future exploration and development, potentially benefiting stakeholders by increasing the company’s resource base and exploration potential.
More about Amex Exploration
Amex Exploration Inc. is a company operating in the mining industry, focusing on the exploration and development of gold and copper resources. The company’s primary market focus is on its flagship Perron Project located in Quebec, Canada, and it aims to expand its operations through strategic land acquisitions.
YTD Price Performance: -14.55%
Average Trading Volume: 120,522
Technical Sentiment Signal: Buy
Current Market Cap: C$113.7M
For a thorough assessment of AMX stock, go to TipRanks’ Stock Analysis page.