The Power of Diversification: Globex Mining Benefits from Progress Across Multiple Projects

With the ebb and flow of investor interest in the resource sector, it can be challenging to maintain focus on the long-term objective of developing profitable mines. During bull markets, speculation surges as capital flows into aspiring junior companies seeking to advance promising mineral properties. Yet mine development is typically a marathon rather than a sprint. Even when exploration strategies are executed successfully, many years may pass before a project matures into a viable mining operation.

Globex Mining Enterprises Inc. (CA: GMX – $1.99 | US: GLBXF – $1.41 | GER: G1MN – €1.25) addresses the challenges of the exploration cycle through its project generator model. By partnering with other companies to advance its properties, Globex retains exposure to a broad portfolio while benefiting from the expertise and investment of third-party operators as projects progress toward production.

Globex highlighted encouraging developments from three partner companies pursuing distinct stages of mine development. In Quebec, an advanced junior continues to expand gold resources with an exceptional high-grade discovery that could significantly enhance the economics of a large deposit. In New Brunswick, an early-stage explorer is identifying new antimony mineralization with attractive grades that strengthen the project’s upside potential. Meanwhile, in Nevada, a development-stage company is entering the final phases of preparation to build a producing gold mine. Together, these projects illustrate how Globex’s diversified partnership model has the potential to create meaningful long-term shareholder value.

High-Grade Gold Encountered at Duquesne West Within Conceptual Open-Pit Shell

Emperor Metals Inc. [AUOZ-CSE] has pursued an ambitious exploration program since acquiring the Duquesne West gold property through an option agreement with Globex in 2022. Building upon work completed by previous operators, the company has successfully confirmed historical resources while outlining new mineralized zones through a series of drilling campaigns.

These efforts culminated in Emperor’s maiden Mineral Resource Estimate in 2025, defining an Inferred Resource of nearly 1.5 million ounces of gold at an average grade of 1.69 g/t. Much of this resource occurs near surface, allowing the company to outline a conceptual open-pit mining shell with attractive development potential.

Exploration now focuses on expanding the resource base while improving project economics. Emperor has consistently reported broader mineralized intervals and higher grades than previous operators achieved at Duquesne West. Last month, the company announced exceptional drill results from a newly identified high-grade zone, further demonstrating the robust mineralization of the project.

One standout intercept returned 15 metres averaging 61.5 g/t gold. Including adjacent lower-grade mineralization, the broader interval exceeded 35 metres and averaged an impressive 26.09 g/t gold. Significantly, this high-grade zone lies within the conceptual open-pit shell, enhancing its potential economic significance. Several additional encouraging intersections were also reported during the current drill campaign.

Emperor plans to complete approximately 15,000 metres of drilling during 2026. While this aggressive exploration program is expected to continue expanding the overall resource, optimizing the economics of a future open-pit mining operation remains a primary objective.

Promising Antimony Results Reported at Bald Hill

Option partner Antimony Resources Corp. [ATMY-CSE] released two batches of assay results from its Bald Hill antimony project in New Brunswick.

The company completed a winter trenching program near the Main Zone and collected 38 hand-selected samples from a stibnite-bearing vein system approximately 900 metres to the south, now designated the South Zone. The samples were selected from visually mineralized veins extending at least 200 metres along strike. Assays confirmed impressive grades of up to 44.2% antimony (Sb), with an average grade of 19.5% across the sampled area.

Meanwhile, drilling continues at the Main Zone. Antimony Resources reported assay results from the first three holes completed during its 2026 drill program, with each hole intersecting multiple antimony-bearing intervals. Among the highlights was a 13.2-metre interval grading 2.85% Sb in hole BH-26-15 at a downhole depth of 217 metres.

These results not only demonstrate continued resource growth but also validate ATMY’s geological model and its innovative use of artificial intelligence as part of its exploration strategy.

Adding further to the project’s potential, Antimony Resources recently completed a review of historical drill assays for gold across more than 45 drill holes completed at the Main Zone. Using AI-assisted analysis, the company identified approximately 190 gold-bearing intersections grading above 0.5 g/t Au, with an average interval of 2.56 metres grading 1.14 g/t gold and peak values reaching 1.88 g/t gold over 4.95 metres.

The study confirmed that gold mineralization is closely associated with the antimony system, occurring both within high-grade antimony zones and in adjacent intervals where antimony grades are lower. This emerging gold component introduces an additional dimension to the Bald Hill project and suggests the mineralized system may offer greater economic potential than previously recognized through antimony mineralization alone.

Lincoln Gold Mining Advances Bell Mountain Toward Production

Defining an economically attractive mineral resource is a major achievement for any junior exploration company. However, it represents only the starting point on the path toward building a producing mine. Numerous technical, financial, and regulatory milestones must still be completed before construction can begin.

Royalty partner Lincoln Gold Mining Inc. [LMG-V] remains focused on achieving that objective at its Bell Mountain gold-silver project in Nevada.

A compliant technical report filed in 2024 outlined gold-equivalent resources of 45,832 ounces in the Measured and Indicated category, plus an additional 27,147 ounces AuEq in the Inferred category. These resources are contained within a conceptual open-pit shell.

Early in 2025, the company completed a Preliminary Economic Assessment (PEA). Since that study was prepared, the gold price has approximately doubled while silver prices have risen substantially, providing a considerably stronger economic backdrop for potential development.

Bell Mountain is now fully permitted, and the company is evaluating financing alternatives to fund mine construction. With permitting complete, Lincoln Gold can concentrate on final mine planning, securing project financing, and initiating development. Successfully achieving these milestones could position Bell Mountain to begin gold production and generate operating cash flow as early as 2027.

For Globex shareholders, such an outcome would be particularly meaningful, as the Company retains a 3% Gross Metal Royalty (GMR) on all production from Bell Mountain.

Conclusion

Globex’s diversified portfolio of mineral properties, royalties, and active partnerships generates a steady stream of meaningful news throughout the year. While advancing any single project from discovery to production often requires many years, each milestone represents tangible progress toward that ultimate objective.

The latest updates showcase partner companies at three distinct stages of the mine development cycle. Antimony Resources continues to define and expand mineralization at Bald Hill through aggressive exploration. Emperor Metals is steadily building on years of successful drilling at Duquesne West, with a breakthrough high-grade discovery that could materially strengthen the project’s development potential. Meanwhile, Lincoln Gold Mining is approaching the final stages before construction of a producing gold mine, bringing the prospect of production and royalty generation into clear view.

Although each partner advances independently, their success also creates value for Globex shareholders. Option agreements provide upfront payments and ongoing exploration commitments, while successful mine development has the potential to generate long-term royalty income. The steady progress reported across multiple projects each month continues to validate the project generator model that Globex has successfully employed for decades. Smallcaps Recommendation: BUY.

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