• Amex Exploration closed a C$ 59.07 million private placement at C$ 4.5 a share, combining a brokered sale of 11,504,161 common shares with a non-brokered sale of 1,622,222 common shares.
• Proceeds are earmarked for capital spending on a bulk sampling program and phase 1 development at the Perron Gold Project, with additional funding for a phase 2 feasibility study and exploration.
• Eldorado Gold signaled interest in a subsequent tranche of up to US$ 15 million, with rights to buy up to 4,864,923 shares at the same price to maintain its stake.
• Eldorado held 38,626,330 shares and 207,000 warrants before the offering, equal to 27.04% on a non-diluted basis, falling to about 24.76% following completion of the offering.
• The Eldorado tranche is expected to be put to shareholders at a June 16, 2026 meeting as part of a process to approve Eldorado as a control person.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Amex Exploration Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202605211734NEWSFILECNPR____20260521_298511_1) on May 21, 2026, and is solely responsible for the information contained therein.