Globex Mining Enterprises Inc.

Globex Mining Enterprises Inc. is pleased to inform shareholders that Brunswick Exploration Inc. has exercised the entire Lac Escale Lithium property option which Globex and Brunswick jointly announced on January 24, 2023 . The option covers 96 cells and a one-kilometer area of influence extending from the current 96 cell boundaries. Under the option agreement, Brunswick was required to make payments totaling $500,000 [...]

Globex Mining Enterprises Inc. is pleased to inform shareholders of progress reported by Cerrado Gold Inc. on Globex's Mont Sorcier iron royalty property located just east of Chibougamau, Quebec. Cerrado have reported that "further to the October 18, 2023 announcement in relation to potential Export Credit Agency Support Program Financing of up to $598 million, the Company has appointed the Toronto Dominion Bank as the [...]

Globex Mining Enterprises Inc. is pleased to inform shareholders that Cerrado Gold Inc. has announced that it has "completed the tender process for its Export Credit Agency Supported Non-Recourse Project Financing, and expects to complete the on-boarding and appointment process within the next few weeks." Cerrado has chosen an international bank to act as Mandated Lead Arranger for the Mont Sorcier Iron-Vanadium project [...]

Globex Mining Enterprises Inc. pleased to report on progress by Emperor Metals Inc on the Duquesne West Gold property under option from Duparquet Assets, 50% owned by Globex , located in Duparquet township, Quebec, north of Rouyn-Noranda. To date, Emperor have completed 8,239 m of the initial +8,000 m drill program, having recently completed drill hole DQ23-13. Emperor previously announced partial assays from holes [...]

Globex Mining Enterprises Inc. is pleased to provide a brief update on the work being undertaken by Globex's option partner Brunswick Exploration Inc. on Globex's Lac Escale lithium property in the James Bay area of Quebec. Brunswick began drilling on September 11, 2023 with a single helicopter supported drill rig. To date, 12 holes have been completed totaling over 1,000 metres. Significant spodumene-bearing pegmatites [...]

Globex Mining Enterprises Inc. is pleased to inform shareholders that Kiboko Gold Inc. have announced "that the resource evaluation from its Phase 1 exploration program for its Harricana Gold Project, located 55 kilometres north of Val-d'Or, Quebec, is near completion" and "is expected to be completed in the first half of October". The evaluation process is based upon a comprehensive dataset totaling more than 85,000 m [...]

Globex Mining Enterprises Inc. is pleased to inform shareholders that TomaGold Corporation has made the first year payment of $15,000 and 625,000 TomaGold shares to Globex for the option of Globex's 5 claim Gwillim property in Barlow township, Quebec. Under the option, TomaGold may earn 100% interest in the property by making $130,000 in cash payments, paying 625,000 TomaGold shares upon signing and an additional $100,000 [...]

Globex Mining Enterprises Inc. is pleased to provide a brief update on work planned by Radisson Mining Resources Inc. on the O'Brien Gold Project located in Cadillac township, Quebec. The property straddles the prolific gold localizing Cadillac Break. Radisson has announced that a 10,000-metre drill program is currently underway which "will focus on expanding the current mineral resource estimate." The Phase 1 drill [...]

Globex Mining Enterprises Inc. is pleased to provide an update on Globex's 100% owned Crater Lake Scandium property located 200km east of Schefferville, Quebec. Globex holds half the circular geological structure that contains the scandium-rare earth deposit held by Imperial Mining . Today, Imperial announced that recent drilling has enabled them to increase their mineral resources estimate by 58% in total scandium [...]

Globex Mining Enterprises Inc. wishes to inform shareholders that Chibougamau Independent Mines Inc. has been notified by Tomagold that regulators have authorized Tomagold Corporation to finalize the option agreement as regards TomaGold's option of the large West Block of properties held by Chibougamau in the Chibougamau Mining Camp. Under the agreement, Globex will retain a 2% Gross Metal Royalty on all the West Block [...]