FINWIRES · TerminalLIVE
FINWIRES

Globex Launches 4,800-Meter Drill Campaign at Wood/Central Cadillac Property in Quebec

By

Globex Mining Enterprises (GMX.TO) began a 4,800-meter drill program on its Wood/Central Cadillac gold property in Quebec.

The drill campaign will test historic mine infrastructure, with a second phase planned in the winter of 2027, the company said Wednesday.

After completing drilling at Wood/Central Cadillac, Globex said it will move the drills to the Rouyn-Merger property for a 1,335-meter drill program.

The company's shares last traded Tuesday, closing at C$2.10 on the Toronto Stock Exchange.

Related Articles

Mining & Metals

Faraday Copper Shareholders Approve Share Issuance for San Manuel Project Acquisition

Faraday Copper (FDY.TO) said Tuesday that its shareholders approved the offering of shares related to the previously announced acquisition of the San Manuel project from a BHP Group subsidiary.The resolution required approval by a simple majority of votes cast by disinterested shareholders at a special meeting.Faraday said about 188.3 million common shares were voted at the meeting, representing 64.32% of its issued and outstanding shares, excluding shares beneficially owned or controlled by BHP or its subsidiaries.The transaction is expected to close by the end of the third quarter of 2026.

$FDY.TO
Mining & Metals

Grey Wolf Animal Health Posts Flat Earnings, Higher Revenue for the Second Quarter

Grey Wolf Animal Health (WOLF.V) after trade Tuesday reported second-quarter earnings per share of C$0.02, unchanged year over year.Revenue for the quarter ended June 30 rose 11% to C$10.6 million from C$9.5 million a year earlier.Pharmacy revenue increased 9.3% to C$6.7 million and Animal Health revenue grew 14% to C$3.9 million during the quarter, the company added.FactSet figures weren't available.The company's shares closed down C$0.05, or 3%, to C$1.60 on the TSX Venture Exchange.

$WOLF.V
Mining & Metals

Lithium Ionic Sells Salinas Properties to PLS For $30 Million

Lithium Ionic (LTH.V) sold its Salinas group of lithium properties, including Baixa Grande in Brazil, to PLS Group for $30 million in cash at closing, the company said after trade Tuesday.A further $7.5 million will be payable subject to certain conditions being met. Lithium Ionic also retains a 2.0% royalty on future spodumene sales from Baixa Grande."The completion of this transaction crystallizes significant value from Salinas while strengthening Lithium Ionic's balance sheet with US$30.0 million in non-dilutive cash proceeds," said Chief Executive Blake Hylands."With this transaction complete, our focus remains squarely on advancing our flagship Bandeira Lithium Project toward a construction decision and our objective of becoming a near-term, low-cost lithium producer," he added.Lithium Ionic shares closed up C$0.035 to C$0.655 on the TSX Venture Exchange.

$LTH.V