Globex Mining Surge Continues As Stock Reaches Multi-Year High

As the new year comes into focus, work continues across a broad portfolio of exploration assets stemming from transactions completed in prior years. January is usually a very active month for junior explorers and the first quarter frequently represents the best performance for the junior mining sector overall. Therefore Globex Mining Enterprises Inc. (CA: GMX – $2.45 & US: GLBXF – $1.72 & GER: G1MN – €1.50) shareholders can look ahead with confidence, given that high-quality partner companies are committed to aggressive exploration and development activities aimed at advancing a diverse suite of resource projects.

This update features meaningful progress by option partners Antimony Resources and Albright Metals, active with exploration for antimony and gold resources. In addition, royalty partner Brunswick Exploration achieved a significant milestone with the completion of the Maiden Resource Estimate for the Mirage Lithium Project. Globex also advanced its own proprietary gold exploration program at the wholly owned Rouyn-Merger property in Québec. Collectively, these developments represent tangible progress across multiple fronts and contribute to the ongoing growth of intrinsic value for Globex shareholders. Notably, Globex shares reached a new multi-year high this week.

Royalty Partner Presents Maiden Inferred Resource for Lithium Deposit

Brunswick Exploration [BRW-TSXV] reported achieving another milestone in the advancement of its Mirage Project with the completion of its maiden mineral resource estimate. The company presented an inferred resource amounting to 52.2 million tonnes with an average grade of 1.08% Li2O plus 131ppm Ta2O5. This significant resource was established based on only 23,626 metres of drilling and 63 channel samples. The program was enormously successful given that the first drilling commenced less than two years ago. The future upside is also appealing as significant exploration potential remains to be tested within the core area of the deposit and further along strike.

Beyond the scale of the resource, the developing geometry of the deposit is particularly compelling. More than 70% of the defined resource is hosted within just five spodumene-bearing dykes located within 150 metres of surface, enhancing potential project economics. Preliminary metallurgical testing further supports the project’s attractiveness, indicating that the mineralization may be amenable to processing via dense media separation to produce a high-quality concentrate.

Globex is very pleased with the progress achieved by its royalty partner in rapidly advancing the Mirage Project. The Company retains a 3% Gross Metal Royalty on all resources delineated by Brunswick within the property area. Brunswick is expected to follow up with additional exploration work this year to build the economic clout for the emerging deposit.

Promising Assay Results Reported at Bald Hill

In other news, Antimony Resources Corp [ATMY-CSE] announced additional assay results for ongoing exploration work at the Bald Hill Property located in New Brunswick. In 2025, Antimony Resources completed a substantial exploration program at Bald Hill, totaling 8,150 metres of drilling across 34 drill holes.

Assay results from the final six drill holes were released, five of which intersected multiple zones of antimony-bearing stibnite (Sb). The results included wide intervals with attractive grades, highlighted by a 27-metre intersection averaging 2.07% Sb and an 18.35-metre interval grading 2.75% Sb. Higher-grade mineralization was also encountered, including 4.4% Sb over 8.6 metres. Based on results to date, the overall grade of the deposit appears to be in the 4–5% Sb range. Importantly, mineralized zones average more than 4.5 metres in thickness, a characteristic that enhances the project’s potential economic viability.

Globex shareholders can take encouragement from the continued progress made by option partner Antimony Resources. Under the terms of the agreement completed last year, the company is committed to funding ongoing exploration and making staged cash and share payments to Globex over the four-year term of the agreement to earn a 100% interest in the project. Globex also retains a 3.5% Gross Metal Royalty on Bald Hill. Antimony Resources has clearly articulated its goal of becoming a significant domestic producer of antimony and has maintained an aggressive development strategy to rapidly advance the Bald Hill Project along the development curve.

First Assay Results for Proprietary Drilling Program Reported by Globex at Rouyn-Merger Project

Globex also reported positive developments from its own proprietary exploration activities. The Company released assay results from the first two drill holes completed at its wholly owned Rouyn–Merger Project. This drill program was designed to follow up on the East O’Neil gold target, which had been identified by previous operators on the property. A total of six drill holes, comprising nearly 1,100 metres of drilling, were completed during the fall program.

The initial two holes reported intersected multiple shallow mineralized intervals, each spanning several metres. In Hole RM-25-01, three mineralized intervals collectively yielded a continuous core length of 38.7 metres averaging 3.44 g/t gold. Hole RM-25-02 returned similarly encouraging results, intersecting 26.4 metres of core grading an average of 3.47 g/t gold.

This week, Globex reported assay results from the remaining four drill holes of the program. Two of these holes encountered additional zones of attractive gold mineralization, highlighted by an interval of 4.7 metres averaging 13.06 g/t gold. The remaining two holes did not return significant gold values. In parallel, Globex has re-examined historical drill core from the property, including intervals that were not previously assayed, and has identified several noteworthy gold-bearing zones. Among these was a section exceeding 10 metres with an average grade of 7.08 g/t gold.

Taken together, the recent drilling results and the newly recognized historical mineralization reinforce the project’s exploration potential. Globex believes the opportunity for additional gold discovery at Rouyn–Merger is significant and plans to advance the project with detailed geophysical surveys to refine and prioritize targets for future drilling. Permitting for this next phase of work is currently underway.

Aggressive Exploration Progress Reported at Golden Pike Property

Encouraging assay results were also reported from another gold prospect optioned to a partner company. Albright Metals Ltd. [ABR-ASX] (formerly Bryah Resources) completed an infill and exploration drilling program at the Golden Pike Property in New Brunswick. The initial phase of drilling focused on the Vail Road Deposit, a high-grade gold zone previously identified by earlier operators. This phase comprised nearly 1,000 metres of diamond drilling across 15 drill holes, all of which successfully intersected the targeted mineralized zone. Representative samples were selected and submitted for laboratory analysis.

In addition to gold exploration, attention has turned to the Bond Road Antimony Prospect, an early-stage antimony target located on the same property. This prospect was delineated through soil sampling and surface prospecting that identified high-grade stibnite mineralization at surface. Albright is scheduled to commence exploration at Bond Road this month, with up to 1,200 metres of diamond drilling planned to test high-grade antimony veins associated with interpreted fault structures. The pace of activity underscores the partner’s aggressive approach to advancing the project, particularly notable given that less than a year has elapsed since the option agreement was completed.

Albright has stated its intention to advance the Vail Road Gold Deposit toward development, while also evaluating additional targets within the northern portion of the property as exploration continues. Globex is well positioned to benefit from this progress through its exposure to the project’s success, including anticipated staged cash and share payments over the remaining term of the option agreement. Globex also retains a 2% GMR on the first 20,000 ounces of gold produced and a 3% GMR on all subsequent production that may be achieved at the project.

Conclusion

The steady advancement of multiple projects highlighted in this update continues to strengthen Globex’s overall value proposition. Partner-funded exploration activity has successfully delivered resource definition and enhanced the outlook for potential mine development across several assets.

Importantly, Globex retains royalty interests in each of these projects, positioning the Company to benefit from future development and production through recurring royalty income. In addition, these projects—along with numerous other active partnerships not covered in this update—provide Globex with exposure to a diverse suite of commodities, many of which are currently benefiting from strong and improving market conditions. For example, gold has reached a series of new all-time highs in recent weeks, further enhancing the value potential of the Golden Pike and Rouyn–Merger gold projects discussed herein.

The pace and consistency of exploration success also underscore the high quality of the partnerships Globex has established through strategic and value-accretive transactions in recent years. A particularly important theme in today’s market environment is the global push to identify and develop domestic sources of critical and strategic minerals. Rising demand and intensifying competition to secure supply chains for resources such as lithium and antimony are key drivers of current bull market dynamics.

Globex was an early mover in recognizing the strategic importance of these “exotic” elements and secured exceptional property positions well ahead of the curve. As a result, shareholders are now positioned to benefit as these assets rapidly advance toward the development stage. The progress outlined in this update therefore provides a strong and encouraging indication that 2026 could shape up to be another exceptional year for Globex. Smallcaps Recommendation: BUY.

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