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Amex Exploration Receives Key Permits for Perron Bulk Sample and Completes Financial Guarantee Requirement
Montreal, Quebec--(Newsfile Corp. - March 30, 2026) - Amex Exploration Inc. (TSXV: AMX) (FS...
About this update from Amex Exploration Inc.
[{"type":"text","content":"Amex Exploration Receives Key Permits for Perron Bulk Sample and Completes Financial Guarantee RequirementMontreal, Quebec--(Newsfile Corp. - March 30, 2026) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) (\"Amex\" or the \"Company\") is pleased to announce that it has obtained the main required governmental authorizations for the execution of its 40,000 tonne underground bulk sampling program at the Perron gold project, located within the locality of Valcanton, near Normétal. Field preparatory work is planned to begin during the month of April, with the objective of initiating portal construction in early summer 2026.These authorizations include, among others, the ministerial authorization issued by the Ministère de l'Environnement, de la Lutte contre les Changements Climatiques, de la Faune et des Parcs (\"MELCCFP\") and the Authorization for Impact Work (ATI) issued by the Ministère des Ressources naturelles et des Forêts (\"MRNF\").In addition, the Company has completed the payment of the financial guarantee required under Québec's Mining Act for its rehabilitation and restoration plan. This guarantee is a critical component of the regulatory framework, ensuring that funds are secured upfront to fully restore the site upon completion of activities. The receipt of these permits, combined with the completion of the financial guarantee, mark a key milestone in the advancement of the Perron project and allows the Company to fully transition into the execution phase of its 40,000-tonne bulk sampling program. Much of the infrastructure installed for this bulk sample program will support the Phase 1 production. Amex is on track to release the Phase 1 Feasibility Study, which contemplates a toll milling scenario, in the coming weeks. Over the past several months, Amex has initiated several key critical path steps to accelerate the start of the bulk sample activities. Notably, the Company has proceeded with the ordering of long-lead items, including a water treatment plant, as well as electrical components required for the installation of the dedicated Hydro-Québec power line connecting the site to the existing grid.In parallel, major tenders have been launched, including for the construction of the portal and the mining contract. Bids are expected in the coming days, positi...