Amex Exploration Clears Major Permit Hurdle for Quebec Gold Project

Amex Exploration has secured a pivotal regulatory approval, marking a significant transition for its flagship Perron gold asset in Quebec. The company announced it has received the primary permits required to launch an extensive bulk sampling initiative, moving it closer to shifting from a pure exploration entity to a project developer. Site preparations are scheduled to commence in April 2026.

Share Price Responds to Development Milestone

The market reacted favorably to the news, with Amex Exploration's equity advancing by more than eight percent to trade at €2.35. This gain extends a recovery observed over the preceding week, following a period of notable downward pressure on the stock last month.

From Exploration to Development

The authorization from Quebec officials grants Amex permission to extract a 40,000-tonne bulk sample. To satisfy regulatory conditions, the company has already posted the necessary financial guarantees. This clearance effectively paves the way for the physical development of the site.

Should investors sell immediately? Or is it worth buying Amex Exploration?

The company's timeline outlines several key upcoming milestones:
- Initiation of site preparation: April 2026
- Commencement of portal construction: Early summer 2026
- Bulk sample volume: 40,000 tonnes
- Publication of a Phase 1 feasibility study: Forthcoming

Parallel to these activities, the process of tendering for mining contracts and ordering critical infrastructure components is underway. This includes procuring a water treatment plant and electrical equipment needed for connection to the Hydro-Québec power grid.

Technical Validation and Forward Strategy

This strategic step is supported by drill results published in late February, which confirmed the project's resource model. High-grade intercepts, including one of 76.51 grams of gold per tonne over 6.40 meters, underscore the deposit's potential and validate the planning for the imminent bulk material extraction.

The corporate focus is now shifting toward the project's economic assessment. An upcoming feasibility study on "toll milling" will critically evaluate how efficiently Amex can process the mined material. This analysis is expected to form the foundation for the long-term development strategy and the future valuation of the Perron project.

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Fresh Amex Exploration information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.

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CA03114B1022 | AMEX | boerse | 69033219 |