$GMX.TO

Globex Mining Enterprises Reports High-Grade Gold Intersections at Duquesne West

Globex Mining Enterprises (GMX.TO) said Tuesday that Emperor Metals Inc (AUOZ.CN) has reported continued intersections of high-grade gold across significant widths on the Duquesne West gold property located in the Abitibi of Quebec under option from Duparquet Assets Ltd. 50% owned by Globex.Latest assays from hole DQ 26-20 within the conceptual Main Pit intersected 61.5 g/t Au over 15.0 meters with several occurrences of visible gold, stated the company.The intersection is primarily made up of two adjoining assays of 557.5 g/t over 1.4 meters and 100.9 g/t Au over 1.0 metre but occur within a wide 35.8 meter halo of lower but anomalous gold values which presents an overall intersection of 26.09 g/t Au over 35.8 meters, it said."Interestingly, the new high-grade intersection occurs 35 meters down plunge from a 1995 historical hole by Sante-Fe Canadian Mining which in Hole DQ95-21 intersected 20.9 g/t Au over 16.0 meters," added the company. "Of note also reported from the current drill program was hole DQ 26-36 located east of the conceptual pit which returned 7.9 g/t Au over 1.5 metres and 0.5 g/t Au over 28.0 meters."Globex's shares were last seen unchanged at $1.96 on the Toronto Stock Exchange, while Emperor Metals' shares were last seen up $0.03 or 15% at $0.23 on the Canadian Securities Exchange.

Globex Mining With Update On Mont Sorcier Iron Royalty Asset

GLOBEX MINING ENTERPRISES (GMX.TO) provided Tuesday an update as regards the Mont Sorcier iron deposit located in the Chibougamau area of Quebec.Globex noted it retains a 1% Gross Metal Royalty on iron production from the property, and it reproduced some background details as announced by Cerrado Gold Inc. (CERT.V) in its 2026 Q1 report issued May 27, 2026."In Canada, at the company's Mont Sorcier High grade, 67%, Iron project, work continued on delivering a Bankable Feasibility study. The company expects to release the results of a Bankable Feasibility study by the end of Q2 2026, and it now anticipates submitting the Environmental and Social Impact Assessment in early Q1 2027. As a result, permits are now expected no earlier than around year end 2028, suggesting construction could commence around the end of Q1 2029 due to the winter season. We note that recent comments by policymakers indicate a desire to accelerate the permitting process; however, no clear timeline for how this will impact Mont Sorcier is available at this time."GMX added: "The Mont Sorcier project is being designed as an 8 Mtpa concentrate operation, compared with 5 Mtpa in the PEA, to reflect strong demand for high-grade 67% iron concentrates with low silica and alumina suitable for the direct reduction iron (DRI) or pellet feed markets, the fastest growing segments of the iron ore market for which premium prices are expected. Development is expected to occur in two phases, with Phase 1 producing 4 Mtpa and a second 4 Mtpa expansion targeted approximately three years after start-up."Globex said it awaits results of the feasibility study on the Mont Sorcier iron ore deposit. The increased throughput forecast by Cerrado will come in the second phase of construction, it added.Shares in GMX were down $0.075 or 3.6% to $1.995 yesterday.

Globex Mining With Update On Mont Sorcier Iron Royalty Asset

Globex Options Carp Fluorspar Project in Nevada to Australia's Evion Group

Globex Mining Enterprises (GMX.TO) has granted Australia-based Evion Group an option to acquire the Carp fluorspar property in Nevada, Globex said Wednesday.Under the terms, Evion would pay US$1.645 million in cash payments, US$2.0 million in shares, and complete $3.75 million in work expenditures over four years to earn a 100% interest in the property.Globex will retain a 3% gross metal royalty (with no buy down) on the property, including a 10-mile area of influence upon which the royalty will apply.

Globex Optioning Carp Fluorspar Property in Nevada to Evion Group NL of Australia

Globex Mining Enters Option Agreement on Its Ramp/Maude Lake Gold Property in Ontario

Globex Mining Enterprises (GMX.TO) entered an option agreement with 1001565486 Ontario Inc., on Globex's RAMP/Maude Lake gold property located southeast of the Timmins Ontario area, it said Tuesday.The company said Ontario Co. will pay $4.7 million in cash payments, $1.05 million in Ontario Inc. shares, and complete $6.0 million in exploration work expenditures on the Ramp/Maude Lake property over four years. At the end of the option agreement Globex will retain a 3% Gross Metal Royalty GMR royalty with a buy down to 2% GMR for $1.5 million, applicable to the property and an area of influence of one km around the property boundaries.The Ramp property, 100% owned by Globex Mining Enterprises, consists of mining rights comprised of 66 unpatented mining claims, 14 patented mining claims, and 3 mining leases totalling 1,792 hectares, 7 parcels of patented and leased surface rights totalling about 208 hectares are also included in the package, it said.Shares of the company were last seen unchanged at $2.27 on the Toronto Stock Exchange.

Globex Mining Provides High-Grade Antimony Results from Bald Hill Property

Globex Mining Enterprises (GMX.TO) reported Monday high-grade antimony intersections provided by Antimony Resources (ATMY.CN) at the Bald Hill property in New Brunswick.Drill hole BH-25-34 returned antimony assays of 9.76% Antimony over 3.15 meters (m), which extends the Main Zone both to the north and to depth.A total of 12,500 m of drilling is expected to be completed by the end of April. A total of 25,000 m has been drilled on the Bald Hill Main Zone and a 11,000-m drill program is planned to commence in mid-May, Globex said.The Bald Hill property is under option from Globex.Price: $2.32, Change: $-0.02, Percent Change: -0.85%