Growing Leverage to Industrial Commodities of Interest to Globex Shareholders

While it is the precious metals that capture most of the attention in the mining sector, a host of other minerals and metals are essential raw materials that are in strong demand for industrial output. Enriched deposits of iron, antimony, vanadium and fluorspar are perhaps not as glamorous as gold, but they may deliver enormous profits for a successful mine developer. In the diversified portfolio of Globex Mining Enterprises Inc. (CA: GMX – $1.38 & US: GLBXF – $1.00 & GER: G1MN – €0.91) these, and many other minerals, are gaining a bigger position, as shown by the updates below.

Option Deal Arranged for Promising Gold / Antimony Property

This week, Globex announced an option deal to vend an exploration project in New Brunswick. The option provides Bryah Resources Limited [BYH-ASX], an Australian-listed junior explorer, the opportunity to acquire 100% ownership of the Devils Pike Gold/Antimony property. Under the terms of the agreement, Bryah shall issue payments to Globex amounting to a total of $700,000 in cash plus $1.1 million in shares, as structured during a 4-year term. An initial payment of $20,000 for the 2-month due diligence period has already been received by Globex. Bryah also agrees to fund at least $3 million in exploration activity during the term of the agreement.

A near-surface gold deposit area has been outlined based on work completed by previous operators of the property, including a higher-grade interval of more than 26 gpt gold was reported across 4.1m of drill core. This work enabled the calculation of a NI43-101 compliant Inferred Resource of 66,300 ounces of gold to be presented. Gold-bearing quartz / carbonate veins were encountered varying in width from one to five meters. The northerly trending system dips steeply to the west and remains open to potential resource expansion to depth. In addition, high grade stibnite (a mineral of antimony) showings have been encountered during historical surface sampling work within the property area.

Globex retains a GMR of 2% on the first 20,000 ounces of gold produced from the project. Thereafter a GMR of 3% shall be paid on all metals production. Bryah has the rights to purchase 1% of the 3% GMR prior to reaching 20,000 ounces net production for $1,000,000. From the sixth anniversary date of the agreement, an advance royalty of $60,000 (adjusted for inflation) shall be due and payable.

Antimony Resources Observes Massive Antimony Mineralization in Drill Core

Antimony seems to be the flavor of the month for Globex shareholders, as transaction partner Antimony Resources Corp [ATMY-CSE] just presented a spectacular update for the Bald Hill Antimony project also in New Brunswick. The company announced that it observed massive antimony bearing stibnite mineralization in drill core and in surface exposures.

Stibnite is an antimony bearing mineral commonly mined for antimony. Recent cancellation of the export of antimony by China along with its massive rise in price has created a push to find and mine this critical metal in Canada and the US.

A total of over 1600 meters of the proposed 2500-meter drilling program of drilling have been completed to date, and sections of massive stibnite and stibnite bearing breccia filling is reported to have been intersected in approximately 80% of drill holes. Moreover, antimony bearing mineralization has been discovered in surface outcroppings over a distance of at least 300 meters.

The exploration plan in 2025 is to complete at least 2500 meters of diamond drilling to explore the known mineralized zone, extend the mineralization to the north and south and down dip and expand parallel veins discovered in the past. It is hoped that the drilling will allow the company to calculate a Maiden Resource by the end of the year.

Antimony Resources may acquire 100% ownership of Bald Hill through the terms of the option deal with Globex. The company is committed in order to complete the property acquisition to issue payments totaling $2 million in cash plus 1.1 million shares, over a 4-year term. At least $5 million in total exploration expenditures must also be completed. Globex retains a 3% GMR on the project, of which ARC may purchase 1% for a payment of $1 million.

Nevada Fluorspar Prospect Acquired by Globex through Staking

Another property transaction of interest was reported by Globex as the Company announced it had acquired 100% ownership of a fluorspar project that featured a small historical open-pit mining operation. The Carp Fluorspar property, located in Nevada, was acquired through staking.

Comprising a total of 14 unpatented claims, the project covers a surface area of more than 117 hectares. Within the property area, four small open pits were established by a previous operator in 1958. The pits produced 44,900 tons grading 69% CaF2 (fluorspar is the commercial designation for calcium fluoride) until mining activity halted in 1971.

Globex reviewed this property in 2024, completing mapping of previous exploration data to follow up on the premise that mineralization may be controlled by regional structures trending along a NW-SE axis. Emplacement of carbonate replacement style mineralization appears related to contact zones along the main structure and in proximity to a cross-trending N-S fault. A sampling program was undertaken within the property area and about one kilometer to the NW, revealing at least 14 high-grade samples up to 88.15% CaF2.

Fluorspar is an important component for the production of hydrofluoric acid which is used in countless consumer and industrial products ranging from toothpaste to Teflon pans and during the refining process for aluminum production. There are relatively few sources for this mineral, and much of world fluorspar supply is produced in China and Mexico. Recent geopolitical events have encouraged US Government agencies to develop incentives for exploration and domestic mining of various minerals and commodities. This may contribute towards attracting a potential JV partner for this asset in the future.

Royalty Partners Report Positive Exploration Results

Another progress update was reported this month by Cerrado Gold Inc [CERT-V] for the Mont Sorcier iron vanadium deposit in Quebec. Metallurgical testing of sample material continues as part of the process to validate the economic potential for a producing mine. Conventional recovery technology using a flotation circuit is under investigation, along with variances in particle size and reagent optimization. The program results support the outlook to deliver an iron concentrate above 67% with minimal silica and alumina content.

Cerrado demonstrated encouraging economic potential for Mont Sorcier with the presentation of a Preliminary Economic Assessment that established a NPV8% of US $1.6 billion. The favorable test results represent another step to advance the project and will be incorporated into a Bankable Feasibility Study [BFS] that is expected to be completed prior to the end of Q1 2026. A robust BFS will enable Cerrado to pursue capital funding for a development decision. This would be excellent news for Globex as the Company retains a 1% GMR on all iron production from the project.

Meanwhile, Radisson Mining Enterprises Inc [RDS-V] released encouraging results as drilling work continues at its O’Brien project in Quebec. The latest batch of drill core sample assays were reported this week, highlighted by the presence of visible gold encountered at the deeper elevations of several drill holes. Radisson has opted to increase the scale of its exploration work, expanding the total planned drilling in this program from 22,000m to a significant objective for 40,000m of drilling this year. Some of this work will be focused within the East O’Brien target area, where Globex holds a 2% NSR on claims of the former Kewagama Gold Mine. Globex also holds a 1% NSR for the Thompson Cadillac claims incorporated within the West O’Brien portion of this project.

Conclusion

With the successful completion of the latest option deal for the Devils Pike Antimony project, Globex stands to earn significant payments in cash and shares through the term of the deal. Combined with many other such transactions arranged in previous years, this capital gain windfall already establishes the investment case for the Company. The substantial holdings of diversified property interests provide the opportunity to consummate a steady flow of transactions that generate attractive revenue.

In addition, the business model is sustainable because Globex continues to acquire new prospective property holdings to maintain the pipeline of available projects and provide the opportunity for the next round of transactions. Globex remains ideally positioned to participate in the resource bull market, with a lavishly funded treasury and the proven skills to arrange lucrative deals with aspiring partner companies. Smallcaps Recommendation: BUY.

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