Amex Exploration Inc. Announces Equity Incentive Grants

Amex Exploration Inc. (TSXV: AMX), a Canadian materials‑sector company focused on the exploration and development of gold and base‑metal projects in Quebec, has announced the grant of incentive stock options and restricted share units (RSUs) to a group of directors, officers, employees and consultants.

Grant Details

  • Incentive Stock Options: 3,250,000 options, exercisable at $2.85 per share for a period of five years from the date of grant.
  • Restricted Share Units: 2,026,000 RSUs, vesting in three equal tranches. One‑third of the RSUs vest on each of the first, second and third anniversaries of the grant date. Upon vesting, each RSU entitles the holder to one common share.

All options and RSUs are issued under the Company’s omnibus equity incentive plan, which was approved by shareholders at the annual general and special meeting held on 30 June 2025. The equity incentive plan is documented in the Company’s management information circular dated 12 May 2025 and is available on SEDAR+.

Hold‑Period Restrictions

Shares acquired through exercise of the options or settlement of the RSUs will be subject to a hold‑period of four months and one day before they may be sold, in accordance with the Company’s equity incentive plan.

Market Context

Amex Exploration’s shares were last quoted at CAD 2.81 on 20 November 2025. The stock has traded within a 52‑week range of CAD 0.80 to CAD 3.15. The company’s market capitalization stands at CAD 392.41 million and its price‑earnings ratio is –71.64, reflecting the developmental nature of its operations.

The equity incentive grants are intended to align the interests of key personnel with those of shareholders and to support the Company’s ongoing exploration initiatives in the Quebec region.