# Amex Exploration – CAD$80 Million Capital Raise, Pathway Towards Bulk Sample Mining and Production For 2027, and Phase 1 Commercial Production in 2028

Page: https://stenobird.com/podcast/the-ke-report-5642261/amex-exploration-cad-80-million-capital-raise-pathway-towards-bulk-sample-mining-and-production-for-2027-and-phase-1-commercial-production-in-2028
Text version: https://stenobird.com/podcast/the-ke-report-5642261/amex-exploration-cad-80-million-capital-raise-pathway-towards-bulk-sample-mining-and-production-for-2027-and-phase-1-commercial-production-in-2028.md
Podcast: [The KE Report](https://stenobird.com/podcast/the-ke-report-5642261)
Published: 2026-06-30T20:35:02+00:00
Episode link: https://kereport.podbean.com/e/amexexploration-%e2%80%93-cad80million-capital-raise-pathway-towardsbulksample-mining-and-production-for-2027-and-phase-1commercial-production-in2028/
Audio file: https://mcdn.podbean.com/mf/web/nmr2e586trive4rq/2026-06-30_-_Victor_Cantore_-_Amex_Exploration80ajx.mp3
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Duration seconds: 1111

## Resource

Victor Cantore, President and CEO of Amex Exploration Inc. (TSX.V: AMX) (OTCQX: AMXEF) (FSE: MX0), joins me for a big picture update on their transition to development and near-term production at it flagship Perron Gold Project, located in Quebec, Canada. The Company will be changing its name to Amex Gold Mining Inc. in early July to reflect this transition into a developer/producer over the next 2 years; but will also be maintaining a 100,000 meter drill program, so there is still the dual-focus on exploration as well. On June 18th, the Company announced the completion of the final tranche of the oversubscribed "best efforts" private placement for C$80Million, where Eldorado Gold maintained their 27% stake, and they have received receipt of the key permits for the upcoming bulk sampling program. We discussed how the bulk sample will achieve multiple goals of learning about the actual grade and metal recovery reconciliation measured against the metrics outlined in the positive Feasibility Study for the 5 years of commercial Phase 1 production at the project. The bulk sample will have an initial capital outlay of around C$50Million, but after processing ~40,000 tonnes via toll-milling at a nearby plant; and producing around 23,000-28,000 ounces of gold, this will generate revenues more than double that capex. We discussed how the market does seem to fully appreciate or value that the Company will be mining and producing metals and revenues by the end of 2027. Additionally, Victor points out that the portal and decline/ramp development utilized in this upcoming bulk sample is the exact same plan envisioned in their economic study, and will shave all that capital, development work, and time off the front-end of Phase 1 development, providing a faster organic natural trans…

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