Globex Mining Gains Momentum and Share Price as Exploration Success Spreads Across Its Portfolio

A robust summer exploration season is underway, with many companies taking advantage of the bullish outlook for mineral resources to advance their work programs. Globex Mining Enterprises Inc. (CA: GMX – $2.12 & US: GLBXF – $1.53 & GER: G1MN – €1.35) is moving forward with its proprietary exploration initiatives across its wholly owned properties, while several of its option and royalty partners are also actively advancing projects.

Successful exploration can expand the mineral resources of these properties and build intrinsic value as projects progress. Resource growth can also create opportunities for future mine development, while eventual mining operations could generate potential income streams for Globex through its royalty interests.

This update highlights ongoing exploration in New Brunswick targeting antimony and lithium, as well as several precious-metals projects in Quebec. Globex is also conducting proprietary drilling at two Quebec gold projects this summer.

Globex Partner Companies Report Extensive Work Programs

Option partner Antimony Resources Corp. [ATMY-CSE] reported another batch of high-grade assay results from the Bald Hill antimony project in New Brunswick. Highlights included a 2.45m interval averaging 13.14% Sb in one drill hole and an exceptional 5.05m section grading 16.55% Sb in another. Every hole drilled during this phase intersected at least one mineralized interval.

The mineralized intervals averaged approximately 4.5m in thickness, with several drill holes intersecting multiple zones of mineralization.

Shortly afterward, the company released another set of assay results from drilling that intersected mineralization at depths of approximately 100–150m below surface. Multiple mineralized zones were again encountered in several holes, with broad mineralized intervals reported across the drill core. A total of 18,000m of drilling is planned at Bald Hill during the current phase. Gold mineralization was also identified within some of the antimony zones, including an 11.3m interval grading more than 1 g/t gold.

Another Globex partner, active in Quebec, also reported significant progress in July. Brunswick Exploration (BRW-TSXV) is advancing the Mirage lithium project, which it acquired from Globex in 2023. A 4,000m summer drilling program is now underway, targeting, among other objectives, lateral extensions of the two richest lithium-bearing dykes identified to date.

Pegmatite outcrops identified elsewhere on the property will also be tested by drilling for the first time during this program. Brunswick has so far outlined an Inferred Mineral Resource of more than 52 Mt grading an average of 1.08% Li₂O. Globex retains a 3% GMR on the property.

The Hits Keep Coming for Quebec Option and Royalty Partners

Royalty partner Radisson Mining Resources [RDS-V] remains active at its O’Brien project in Quebec, where underground exploration is continuing. A comprehensive program is also underway to evaluate potential mining and future development scenarios.

The work includes advancing an access ramp and underground infrastructure, conducting geotechnical studies, and completing surface infrastructure and water-management facilities. A substantial drilling campaign is also continuing at O’Brien, with total planned drilling reaching approximately 140,000m.

Globex retains a 1% GMR on the New Alger Gold Mine claims and 2% GMR on the Kewagama Gold Mine claims at the project.

Option partner Emperor Metals [AUOZ-CSE] continues to intersect broad intervals of gold mineralization at the Duquesne West Gold Property. Recent highlights included a 21.3m interval averaging 3 g/t gold a 27.9m interval averaging 0.5 g/t gold and 20.1m grading 5.0 g/t gold.

Approximately 35% of the total assays have been reported to date, including results from 31 of the planned 66 drill holes. The results represent an important step toward Emperor’s objective of advancing the project to a Preliminary Economic Assessment.

Globex Advances Proprietary Exploration at Wholly Owned Projects

While exploration funded by partner companies remains the most important component of Globex’s strategy to create shareholder value, the Company is also committed to advancing exploration across its wholly owned properties.

As such, Globex announced that a summer drilling program is underway at the Wood/Central Cadillac Gold Mines property in Quebec. Historical gold mining operations were established at both the Wood Mine and Central Cadillac Mine by previous operators. The past-producing mines contain remnant resources that require additional exploration to confirm their potential and bring them into compliance with NI 43-101 reporting standards.

The Wood/Central Cadillac Gold Mines property is located immediately east of the O’Brien project being advanced by Radisson. Globex also controls the nearby Ironwood deposit, which contains published Indicated and Inferred gold resources that comply with NI 43-101 standards.

Two drill rigs will be deployed to complete 11 drill holes totaling approximately 4,800m during the current program. The exploration will investigate potential down-dip extensions of historical gold zones and may also confirm historical drill intercepts.

Among the historical results are an 8m interval grading 3.35 g/t gold and a notable 4.15m interval in which previous operators encountered 30.96 g/t gold.

Globex plans to undertake a similar-scale follow-up drilling program at the property during the coming winter months.

Meanwhile, another drilling program is scheduled to begin at the wholly owned Rouyn-Merger Property. The campaign will follow up on encouraging gold intervals encountered during drilling completed in 2025. Several holes will also test new targets identified through surface geophysical surveys conducted earlier this year.

Conclusion

Globex appears well positioned to benefit from the bullish conditions currently prevailing across a broad range of mineral resources. The Company maintains a strong financial position, a substantial pipeline of exploration assets and a diverse group of active option and royalty partners.

At the same time, Globex is directly advancing proprietary exploration on its wholly owned properties. Successful exploration could expand existing resources, increase the value of these assets and potentially attract new transaction partners, further supporting the Company’s project-generator model.

Antimony Resources provides a compelling example of how this strategy creates value. In a relatively short period since acquiring the Bald Hill project, the company has completed multiple drilling campaigns and identified significant antimony mineralization, including several high-grade intervals.

Elsewhere in New Brunswick, Brunswick Exploration is advancing the Mirage Lithium project with the objective of further defining a potentially economic lithium deposit. Globex’s retained royalty interest provides additional leverage to a successful development outcome.

Similar potential exists across Globex’s Quebec portfolio, where Radisson and Emperor are independently advancing gold projects through exploration and development programs.

The key takeaway from this update is once again the breadth of activity across Globex’s portfolio. Shareholders are positioned to benefit from exploration success generated by multiple companies across numerous properties and commodities. Several of these projects are also located in close proximity to one another, providing Globex with additional leverage to broader district-scale exploration stories. The continued growth in Globex’s market capitalization is one of the clearest indications that the Company’s project-generator strategy is gaining recognition. Smallcaps Recommendation: BUY.

For important disclosures, please read our disclaimer.