Globex Mining Enterprises Inc. is pleased to update shareholders as regards drill results reported by Manganese X Energy Corp. on Globex's 1% Gross Metal Royalty, Battery Hill manganese property in New Brunswick. Globex also is a very large shareholder in Electric Royalties that holds a 2% Gross Metal Royalty as the property. Manganese X has reported 12 new drill holes totalling 1,393 metres in the Moody Hill and Sharpe [...]
Globex Mining Enterprises Inc. is pleased to inform shareholders that Renforth Resources Inc. has reported a 29% increase in the gold resource at Globex's 3% Gross Metal Royalty Parbec Gold Deposit property in a press release dated April 7, 2025. It is important to note that 12% of the new mineral resource estimate is in the Measured category and 61% is in the Indicated category, demonstrating a greater confidence in the [...]
Yesterday, the Toronto Stock Exchange surprised the Globex Team with this announcement posted on the TSX building downtown in the City of Toronto. Globex Mining Enterprises Inc. was originally listed on the Montreal Stock Exchange in January of 1988 and transferred from the Montreal Stock Exchange upon it's ceasing to list companies to the senior Toronto Stock Exchange in 1995 and has been there ever since as Globex's [...]
Globex Mining Enterprises Inc. is pleased to inform shareholders that it has agreed to purchase three gold royalties from IAMGold Corp.. Each royalty is a one percent Net Smelter Royalty applicable to the Porcupine West Gold, Eldrich Gold Mine and Rouyn-Merger Gold Mine properties, located in Quebec and all owned 100% by Globex. All three properties have significant historic intersections of gold mineralization. The [...]
Globex Mining Enterprises Inc. is pleased to inform shareholders that Radisson Mining Resources Inc. have announced additional drill results on the O'Brien Gold project including gold assays on the Kewagama Gold Mine portion of the project on which Globex retains a two percent Net Smelter Royalty. Several gold intersections are reported on Globex's royalty claims, including Hole OB-24-358 which intersected 8.36 grams per [...]
Globex Mining Enterprises Inc. is pleased to provide a further update on work undertaken by Emperor Metals Inc. on the Duquesne West Property in Quebec, under option from Globex. In a press release today, Emperor report that they completed drilling and assaying of 19 holes in 2024 as well as assaying approximately 8,000 metres of historical core stored by Globex. One hundred percent of the assays from the 2024 drilling [...]
Globex Mining Enterprises Inc. is pleased to provide shareholders with brief updates as regards metallurgical test work related to two Globex royalty properties. First, Radisson Mining Resources Inc. have announced initial milling test results regarding gold ore from their O'Brien Project which includes the Kewagama Gold Mine on which Globex holds a 2% Net Smelter Royalty and the New Alger Gold Mine on which Globex holds [...]
Globex Mining Enterprises Inc. is pleased to provide additional information as reported by Emperor Metals Inc. regarding work on the 50% Globex owned Duquesne West property in Duparquet Township, Quebec, 32 km northwest of the city of Rouyn-Noranda. Emperor completed 8,166 metres of drilling in 19 new holes, and approximately 8,000 metres of historic core resampling in 2024. To date, 88% of the new drill assays have been [...]
Globex Mining Enterprises Inc. is pleased to provide a brief update regarding our Tyrone property and Kewagama Gold Royalty. Globex's Tyrone property is located in the Eeyou Istchee James Bay region of Quebec and consists of 41 claims surrounded by Azimut Exploration Inc.'s Kukamas property currently subject to a joint venture with KGHM International Ltd. Azimut, on January 20, 2025, announced initial near surface drill [...]
Globex Mining Enterprises Inc. is pleased to inform shareholders that it accepted the offer from Agnico Eagle Mines Ltd. under their takeover bid to sell its 1,185,897 O3 Mining Inc. shares to Agnico Eagle for $1.67 per share, a 58% premium to O3's closing price on December 11, 2024. The total received is $1,980,447.99. Globex received the shares from the sale of 156 claims northwest of Lebel-Sur-Quevillon, Quebec as [...]
Globex Mining Enterprises Inc. is pleased to inform shareholders that Brunswick Exploration Inc. has started a 5,000-metre drill program on Globex's Lac Escale royalty property in the Eeyou-Istchee-James Bay region of Quebec. Globex retains a 3% Gross Metal Royalty on the Lac Escale claims and within a 1-kilometer area of influence around the claim's external boundaries as well as a $100,000 per year advance royalty [...]
Globex Mining Enterprises Inc. is pleased to direct shareholders to a press release issued today by Lincoln Gold Mining Inc. in which, they report progress as regards Globex's Bell Mountain, Nevada, gold royalty property. The Lincoln update indicates a pre-tax IRR of 63.2% and after-tax IRR of 59.6%. Lincoln states that once financing is in place, it is estimated that the time for construction will be 8 to 10 months with [...]
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