Amex Exploration
Amex Exploration is a pre-revenue junior gold mining company advancing the 100%-owned Perron Gold Project in Quebec's Abitibi Greenstone Belt toward 2028 toll-milled production, with a ~501 km² district-scale land position and Eldorado Gold as a ~27% strategic controlling shareholder.
- Company typePublic
- Founded2016
- HeadquartersMontréal, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Amex Exploration does
Amex Exploration Inc. is a publicly traded junior gold mining exploration company headquartered in Montreal, Quebec, listed on the TSX Venture Exchange (AMX), OTCQX (AMXEF), and Frankfurt (MX0). Its core activity is acquiring, exploring, and developing gold and base metal projects in Quebec's Abitibi Greenstone Belt, with a consolidated ~501 km² district-scale land position centered on the 100%-owned Perron Gold Project located approximately 110 km north of Rouyn-Noranda. The company's exploration toolkit includes diamond drilling, airborne and ground geophysical surveys (VTEM, M-PASS, IP, ground magnetics, TDEM), soil sampling, 3D geological modeling, and hyperspectral analysis. The flagship Perron asset hosts multiple high-grade gold zones — most notably the Champagne Zone (831 koz M&I at 16.20 g/t Au), Denise, Team, E2, and a copper-rich VMS discovery (QF Zone).
Amex is pre-revenue and funds operations entirely through equity financings on public markets and strategic investments from institutional mining investors. Eldorado Gold Corporation is the dominant counterparty, having accumulated approximately 27% ownership and approved Control Person status through cumulative investments exceeding C$100 million. The May 2025 Mineral Resource Estimate stands at 1.615 Moz Measured & Indicated at 6.14 g/t Au and 698 koz Inferred at 4.31 g/t Au, a 172% increase in M&I resources versus the 2024 estimate. The April 2026 Phase 1 Feasibility Study outlines a toll-milling production plan targeting 147,000 oz Au per year at AISC of USD $910/oz, with first production targeted for 2028.
The business model is capital-raising-centric rather than revenue-centric: Amex's product is effectively its exploration pipeline, monetized via continued equity issuance to fund drilling, feasibility work, bulk sampling, and ultimately mine construction. Its customer base comprises institutional mining investors (Eldorado Gold, Eric Sprott, Quebec funds) and retail investors trading on the three exchanges. Leadership is led by President and CEO Victor Cantore (appointed December 2016) with COO Pierre Carrier, CFO Patrick Musampa, and VP Exploration Aaron Stone, supported by a board that was strengthened in July 2025 with the additions of Phil Brumit and Peter Damouni to drive Perron development.
Amex Exploration firmographics
Firmographics- Name
- Amex Exploration
- Legal name
- Amex Exploration Inc.
- Website
- https://amexexploration.com
- Company type
- Public
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Amex Exploration is a pre-revenue junior gold mining company advancing the 100%-owned Perron Gold Project in Quebec's Abitibi Greenstone Belt toward 2028 toll-milled production, with a ~501 km² district-scale land position and Eldorado Gold as a ~27% strategic controlling shareholder.
- Ownership category
- akta.pro rank
Amex Exploration industry classification
Industry- Product category
- Gold Exploration and Mining Development
- NAICS
- Gold Ore and Silver Ore Mining (21222), Copper, Nickel, Lead, and Zinc Mining (212230)
- SIC
- Gold And Silver Ores (1040), Miscellaneous Metal Ores (1090)
- akta.pro primary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
Keywords
Where Amex Exploration is headquartered
LocationHeadquarters
- HQ city
- Montréal
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Amex Exploration business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Marketing or Sales, Infrastructure
Revenue model
- Pre-Revenue Exploration Stage: Amex Exploration is a pre-revenue junior mining company. The company does not generate revenue from product sales. All operations are funded through equity financings, private placements, and strategic investments from Eldorado Gold and other investors. The company plans to transition to revenue generation following Phase 1 production at Perron, targeting first revenue in 2028 through toll milling operations.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Amex Exploration product offering
Product offeringCore offering
Amex Exploration is a junior gold mining exploration company focused on acquiring, exploring, and developing high-grade gold and base metal projects in Quebec's Abitibi Greenstone Belt. The company's flagship asset is the 100%-owned Perron Gold Project, which hosts multiple high-grade gold zones (Champagne, Denise, Team) and copper-rich VMS discoveries, with Phase 1 production planned via toll milling targeting 147,000 oz/year starting in 2028.
Product overview
Amex Exploration is a junior gold mining exploration company focused on acquiring, exploring, and developing viable gold projects in Quebec's mining-friendly Abitibi Greenstone Belt. The company's flagship asset is the Perron Gold Project, which contains multiple high-grade gold zones (Champagne, Denise, Team, E2, Gratien, Grey Cat) and VMS zones, with Phase 1 development planned via toll milling targeting 147,000 oz/year production starting 2028. The portfolio also includes the Perron West Project creating a district-scale 197.52 km2 land package, the Lebel-sur-Quévillon Project with four properties covering 4,073 hectares, and Eastmain River Properties with 119 claims covering 6,261 hectares. The company is 27% owned by Eldorado Gold Corporation as a strategic investor.
Differentiator
Problem solved
Functional benefit
Brands
- Perron Project Community Site: Community engagement website for the Perron Gold Project at projetperron.ca
Products and services
- Perron Gold Project Flagship gold exploration project located 110 km north of Rouyn-Noranda, Quebec, in the Abitibi region. The project contains multiple high-grade gold zones including the Champagne Zone, Denise Zone, Team Zone, E2 Gold Zone, and VMS zones. Phase 1 development planned with toll milling operation targeting first production in 2028.
- Perron West Project Exploration project adjoining the Perron Project in Quebec and Ontario, creating a district-scale land package. Located along the Normétal-Burntbush greenstone belt, it holds potential mirror image of the Beaupré Block rhyolite that hosts gold discoveries at Perron.
- Lebel-sur-Quévillon Project Four properties (Cameron, Madeleine West, Madeleine East, Pusticamica) covering 4,073 hectares located 26 km north of Lebel-sur-Quévillon in Quebec. Strategic location near intersection of Cameron and Chieftain regional deformation corridors.
- Eastmain River Properties Four properties (North, East, West, South) consisting of 119 claims covering 6,261 hectares in the Eeyou Istchee Territory, James Bay, Quebec, approximately 350 km north of Chibougamau.
Quantifiable outcome
- Phase 1 production: 147,000 oz Au/year at AISC of USD $910/oz
- +3 more outcomes
Companies that use Amex Exploration
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Amex Exploration technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Amex Exploration partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Apitipi Anicinapek Nation (AAN)coreAmex Exploration signed an Exploration Agreement with the Apitipi Anicinapek Nation covering the Perron West, Abbotsford, and Hepburn projects in Ontario. The agreement establishes a framework for collaboration including employment, training, business opportunities, and contributions to a community fund proportional to exploration expenditures. The district-scale projects span 436.78 km².
- Norda StelominorAmex retained Norda Stelo to conduct an Environmental Impact Assessment (EIA) for Phase 1 operations of the Perron Project, targeted for 2028. Norda Stelo was also awarded the environmental baseline study contract.
- ASDRminorAmex purchased and ordered a water treatment plant from Abitibi-based ASDR for use in its bulk sample program and later during custom milling phase.
Scale indicators7 records
Recent moves6 records
Expansion highlights7 records
Amex Exploration competitors and assessment
Company assessmentDirect peers
- Bonterra Resources: Junior Quebec gold explorer/developer operating the Bachelor and Gladiator projects in the Abitibi region; same jurisdiction and target metal as Amex, and the VP Exploration at Amex previously worked at Bonterra's Bachelor mine.
- Wallbridge Mining: Quebec-focused gold exploration and development company advancing the Detour-Fenelon gold project in the Abitibi Greenstone Belt, directly comparable in stage, jurisdiction, and target mineralization style to Amex's Perron.
- Probe Gold: Advancing the Novador gold project in Quebec's Abitibi region toward development; comparable as a Quebec-focused gold developer with a PEA-stage asset transitioning toward production feasibility.
- Osisko Mining: Developer of the Windfall gold project in the Abitibi region of Quebec; one of the most comparable Quebec-focused junior gold developers by project scale, jurisdiction, and development stage to Amex's Perron.
- Maple Gold Mines: Quebec-focused gold explorer advancing the Douay and Joutel projects in the Abitibi region; comparable as a smaller-cap Abitibi gold exploration peer with multi-million-ounce resource potential.
Broad incumbents
- Eldorado Gold: Mid-tier gold producer and Amex's largest strategic shareholder (~27%); operates gold mines including Quebec assets and provides a natural reference point for valuation and a likely acquirer of Perron.
- Agnico Eagle Mines: Senior Canadian gold producer with extensive Abitibi operations including the LaRonde complex near Perron; previously held the Perron option that Amex ultimately recovered, providing direct geological familiarity with the asset.
- New Gold: Intermediate gold producer with the Rainy River mine in Ontario; provides a reference point for Canadian intermediate gold producers that Amex could evolve into following a successful Phase 1 build-out.
Others
- IAMGOLD: Intermediate gold producer with operating Quebec mines (e.g., Westwood) and development projects in the Abitibi region; comparable as a Quebec-anchored gold producer and potential toll milling partner for Perron ore.
Emerging players
- Galway Metals: Junior gold explorer with the Clarence Stream project in New Brunswick and Estrades project in Quebec; comparable as a small-cap Canadian gold exploration peer targeting high-grade discoveries.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Amex Exploration social profiles
Digital presenceAmex Exploration financial estimates
Financial estimateRevenue estimate
Valuation estimate
Amex Exploration leadership team
Management profileNumber of profiles
Profiles9 records
Amex Exploration funding detail
Funding detailFunding overview
Funding rounds18 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Amex Exploration M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Amex Exploration
What does Amex Exploration do?
Amex Exploration is a junior gold mining exploration company focused on acquiring, exploring, and developing high-grade gold and base metal projects in Quebec's Abitibi Greenstone Belt. The company's flagship asset is the 100%-owned Perron Gold Project, which hosts multiple high-grade gold zones (Champagne, Denise, Team) and copper-rich VMS discoveries, with Phase 1 production planned via toll milling targeting 147,000 oz/year starting in 2028.
Is Amex Exploration a public or private company?
Amex Exploration is a public company. It is classified as public and is currently operating.
When was Amex Exploration founded?
Amex Exploration was founded in 2016. It employs 11 to 50 people.
Where is Amex Exploration based?
Amex Exploration is headquartered in Montréal, Canada, in the North America region.
How does Amex Exploration make money?
One revenue line is on record: pre-Revenue Exploration Stage.
Who are Amex Exploration's main competitors?
Direct peers on record are Bonterra Resources, Wallbridge Mining, Probe Gold, Osisko Mining and Maple Gold Mines. Broad incumbents are Eldorado Gold, Agnico Eagle Mines and New Gold. IAMGOLD is listed as an others. Galway Metals is listed as an emerging player.
Does Amex Exploration have an API?
No public API is recorded for Amex Exploration.
What industry is Amex Exploration in?
Amex Exploration's product category is Gold Exploration and Mining Development. Its primary akta.pro industry code is IMAKAEAI, Precious Metals Exploration & Project Development. Its NAICS code is 21222 and its SIC code is 1040.