Amex Exploration Receives TSXV Acceptance for C$52.5M Financing and Eldorado Investment

Amex Exploration Inc. has received conditional acceptance from the TSX Venture Exchange for its previously announced LIFE Offering and concurrent private placement. The company expects to close the initial tranches on May 21, 2026, securing aggregate gross proceeds of approximately C$52.55 million. This financing includes the sale of common shares at C$4.50 per share through both the LIFE Offering and non-brokered and brokered portions of the private placement. Joint bookrunners National Bank Financial Inc. and MDCP Securities Limited hold an option to sell additional shares, potentially raising up to C$6.52 million more. Additionally, strategic investor Eldorado Gold Corporation has expressed interest in purchasing up to US$15 million in shares. However, this specific investment is contingent upon Eldorado being approved as a Control Person by Amex’s disinterested shareholders at the upcoming annual general meeting on June 16, 2026. If approved, this second tranche will close following the meeting. The funds are intended to support exploration activities at Amex’s Perron Gold Project in Quebec.