Amex Exploration Inc. Advances the Perron Project with a Dedicated Hydro‑Québec Power Connection
Amex Exploration Inc., the Montreal‑based mineral exploration firm listed on the TSX Venture Exchange, has taken a decisive step toward the operationalization of its Perron Gold Project. On February 3, 2026, the company announced that it has awarded a mandate to Moreau, an Abitibi‑based contractor, to prepare a 25 kV medium‑voltage line that will connect the Normétal substation of Hydro‑Québec to the Perron site in Valcanton.
Technical and Economic Significance
The 6.5‑kilometre line will provide the project with a stable, industrial‑grade power supply. According to Victor Cantore, President and CEO of Amex, an early, direct connection to Hydro‑Québec’s grid is expected to improve the technical and economic parameters of the ongoing Phase 1 feasibility study, which examines a toll‑milling scenario. “Establishing permanent grid power early enhances cost visibility, operating reliability and overall project robustness,” Cantore said.
The new infrastructure is designed to support bulk sampling activities and, if the Phase 1 study proceeds, the projected operations of the project. By relying on a renewable, low‑carbon energy source rather than diesel generators, Amex anticipates significant reductions in greenhouse‑gas emissions, fuel‑handling risks, and operational impacts—aligning with the company’s environmental objectives.
Permitting and Implementation Timeline
Amex has begun the permitting process with Hydro‑Québec, and the company expects commissioning of the power line in the third quarter of 2026, subject to the receipt of the required regulatory approvals. The mandate to Moreau includes planning, engineering, and permitting activities, ensuring that the line meets industrial standards and regulatory requirements.
Project Context
The Perron Project sits approximately 110 kilometres north of Rouyn‑Noranda, Quebec, on a 100‑percent owned 65.75 km² surface area comprising 183 contiguous claims. It has yielded high‑grade gold discoveries and copper‑rich volcanogenic massive sulphide (VMS) zones, positioning it as a key asset in Amex’s portfolio of gold and base‑metal projects in Quebec.
Market Reception
Following the announcement, Amex’s share price traded at CAD 4.44 on February 2, 2026, within a 52‑week range of CAD 0.80 to CAD 5.34. While the company’s price‑to‑earnings ratio remains negative at –123.88, the market has noted the strategic importance of the power infrastructure upgrade, which is likely to enhance the project’s feasibility and potential valuation.
Amex’s commitment to advancing critical infrastructure—while maintaining high technical, environmental, and operational standards—underscores its long‑term strategy for delivering sustainable mineral assets to the market.
