The Globe and Mail reports in its Friday, May 30, edition that Canaccord Genuity analyst Jeremy Hoy has reaffirmed his "speculative buy" recommendation for Amex Exploration. The Globe's David Leeder writes that Mr. Hoy gave his share target a 25-cent boost to $2.50. Analysts on average target the shares at $2.56. Mr. Hoy says in a note: "The company now plans to release an updated PEA in late 2025, and based on the discussion in the analyst call, we believe it will feature a toll-milling phase which could commence as early as 2028, as well as a plant-processing phase. In our view, this new plan simplifies permitting and should be easier to finance (less capital required initially to get to revenue, toll-milling cash flow should support plant construction). On the analyst call, there was a focus on the drivers behind the increase in tonnes, grade and ounces, and we highlight that the company intends to apply for a bulk sample permit in the coming months. In our view, the planned 40 kt bulk sample should serve as critical validation for this new, revised, narrow-vein focused resource. We believe Amex's newly defined path forward is pragmatic and realistic and look forward to advancements towards the bulk sample"