Successful Activity by Partner Companies and another Significant Property Transaction for Globex Mining

A busy start to 2025 should come as no surprise given the flurry of activity through the final weeks of 2024 for Globex Mining Enterprises Inc. (CA: GMX – $1.52 & US: GLBXF – $1.04 & GER: G1MN – €1.06). Royalty partner Brunswick Exploration has continued its winning streak of successful drilling work at the Mirage Project acquired from Globex. Other projects for which Globex retains royalty leverage were involved in transactions that provide the potential for advancement further along the value curve.

Globex was also able to complete its first significant option deal of 2025 with a high quality partner company. An agreement worth well over $2 million. Rounding out the positive news, Globex reported receiving a significant cash payment for the sale of shares from a previous transaction partner. This exceptional suite of important events might be considered a very successful year for many peer companies, but for Globex it all happened in the course of a few days.

Attractive Assay Results Reported by Brunswick Exploration

Brunswick Exploration [BRW-V] is advancing an ambitious 12,000m drilling program at their Mirage Lithium project. On January 13th the company reported another batch of assay results for core samples extracted during recent drilling.

Exploration was focused on the Central Zone of the property, where drilling encountered wide intervals of enriched lithium-bearing alteration. Highlights of this work included a section of 37m with an average of 1.14% Li2O in one hole, and an interval spanning 23m bearing 1.15% Li2O in another. The program also intersected stacked dykes of lithium alteration further along the system including numerous intervals with attractive grades as the drilling extended to depth.

On January 27th Brunswick announced the commencement of another round of exploration. Up to 5000m of total drilling is planned for the Mirage project during this phase. The work will focus on several previously untested targets east and west of the Central Zone of the property, including a mineralized dyke system located approximately 4.5km to the northeast. Brunswick also plans to complete additional drilling around the MR-3 and MR-6 dykes to follow up on the results reported earlier this month.

Globex shareholders may welcome the continual progress to advance the Mirage project as the Company retains a 3% GMR on these claims, as well as within a one-kilometer area of influence around the border of the property area.

Globex Announces First Significant Property Transaction of 2025

Globex finalized an option deal for the Bald Hill Antimony Property with junior explorer Big Red Mining Corp [RED-C]. Under the terms of this deal, Globex shall be paid a total of $2 million in cash plus 1,100,000 shares of RED, spread out during a 4-year option term. Big Red also commits to complete at least $5 million in exploration activity on the property during that time to earn 100% ownership of the project. Globex retains a 3.5% GMR on Bald Hill thereafter, of which BRM may purchase 1% for a payment of $1 million.

Located in the province of New Brunswick, Ball Hill is comprised of 26 mining claims featuring at least two zones of stibnite mineralization as established by a previous operator. Stibnite is a primary mineral of antimony. A compliant technical report presented in 2014 documented that stibnite mineralization had been encountered on the property over a significant area, spanning 700m along surface and down to 300m in depth. Other showings had been reported outside of this zone.

Antimony, a lustrous silvery-grey metalloid, is scarce in nature and unevenly distributed globally. It is, however, critical for producing high-tech and defence products, including flame-retardant materials, certain semiconductors, and superhard materials. And electric battery products. As with many critical minerals, China dominates the global antimony supply chain. The country holds the world’s largest deposit, accounting for approximately 32% of global antimony resources, yet it produces more than 48% of global output.

Globex acquired the property for a single cash payment in February 2021. A package of exploration data for the project and surrounding area was included in the deal. The Company followed up with a limited drilling program later that year, encountering several intervals of stibnite mineralization. The grades and distribution of the stibnite intervals represent a compelling target for the potential to define an attractive deposit. This work, plus the successful exploration completed by previous operators, attracted the interest of Big Red Mining. The evolution of this project from a grass roots discovery to a multi-million dollar option deal is yet another demonstration of the effective strategy executed by Globex to create shareholder value.

Emperor Metals Again annouces Excellent Drilling Results

A few days ago, Emperor Metals [AUOZ-C] announced additional results from its 2024 drilling program. The program included 8,166 meters of drilling across 19 new drill holes, and approximately 8,000 meters of historical core resampling.

New drill results within the conceptual open pit and outside it, includes the following:
● DQ24-15 intersects 14.2 meters (m) of 1.2 g/t Au and 20.4 m of 0.6 g/t Au which expands mineralization both within and below the conceptual open pit model.
● DQ24-12 intersects 16.3 m of 0.8 g/t Au within an area of infill drilling and extends mineralization 80m eastward along strike and below Emperor’s conceptual open pit model.
● DQ24-13 intersects 8.1 m of 1.0 g/t Au and 30.5 m of 0.5 g/t expanding mineralization up dip in two separate zones within the conceptual open pit model.
● DQ24-16 intersects 7.1 m of 1.3 g/t which is infill drilling and expands mineralization eastward along strike and within the conceptual open pit model.

The 2024 drilling campaign at Emperor’s Duquesne West Gold Project in Quebec continues to identify extensive low-grade bulk tonnage zones surrounding the previously known high grade areas. These latest results further solidify the project’s immense potential.

Emperor is targeting a multi-million-ounce resource, utilizing a combination of conceptual open-pit and underground mining scenarios. The Property currently hosts a historical inferred mineral resource estimate of 727,000 ounces of gold at a grade of 5.42 g/t Au. Emperor is committed to delivering an updated Mineral Resource Estimate in Q1 of 2025.

Globex controls 50% ownership of Duparquet Assets, and the retained Gross Metal Royalty held on the property.

Additional Transactions Further Increase Value Proposition for Globex

A legacy holding of O3 Mining shares contributed a cash windfall to the Globex balance sheet. Globex acquired these shares just over a year ago through a transaction to vend 156 mining claims to O3. The transaction netted 1,185,897 shares of O3 in payment for the property holdings. More recently, Agnico-Eagle Mines Ltd announced a takeover deal to acquire O3 Mining. Pursuant to this transaction, Globex received a cash payment of $1,980,447.99, representing a premium of roughly 58% based on the market value of O3 shares in early December. Globex continues to retain royalty leverage on the properties involved in the deal.

Meanwhile, another royalty partner also updated progress last week. Lincoln Gold Mining Inc [LMG-V] has completed the acquisition of the Bell Mountain project in Nevada. The project features four defined gold-silver deposits with attractive economic potential. Bell Mountain is fully permitted for development of an open-pit mining operation utilizing heap leach processing. Lincoln is currently in discussion with financial institutions to secure funding. A project study estimated that mine development could be completed within a 10-month time frame. Thereafter the first gold/silver production could be achieved within five months after the commencement of mining operations. The study also projected an attractive pre-tax IRR of 63.2% for the mine development. Globex is positioned as a beneficiary of this project, retaining a 3% GMR on the asset. This royalty leverage may therefore generate a significant revenue stream payable to Globex if Lincoln is able to achieve a successful outcome for its mine development plan.

Conclusion

The first month of 2025 has already generated a positive start for the year in terms of activity, results achieved by partner companies and successful transactions delivering significant cash payments to Globex. Globex is positioned with a lavishly funded treasury. The strong balance sheet provides Globex with greater clout to continue its aggressive posture through the remainder of the year in the strategy to acquire exploration assets and fund strategic development opportunities.

Meanwhile, the progress achieved by other partners plus the pending start of development at Bald Hill through the most recent transaction, all present potential catalysts for shareholder value creation. It follows naturally that Globex achieved a new 52-week high this week following the positive news items. The stock is now within sight of setting a new all-time high. Smallcaps Recommendation: BUY.

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