Two New Deals, New Gold Discoveries, and Growing Royalty Potential Drive Globex Mining Forward

Considering the scale of the exploration property portfolio controlled by Globex Mining Enterprises Inc. (CA: GMX – $1.93 | US: GLBXF – $1.39 | GER: G1MN – €1.23), one might assume that sourcing additional high-quality projects suitable for partner transactions would become increasingly challenging. However, Globex continues to demonstrate both the vision to identify promising new opportunities and the expertise to cultivate relationships with junior exploration companies. As a result, the Company regularly secures lucrative transactions while steadily expanding its asset base. Including royalty interests, Globex now controls 272 mineral property assets.

As presented in this update, two new transactions were arranged. In addition, an early-stage project acquired by staking was advanced through proprietary exploration completed by the Company. And a royalty partner reported exploration results that contribute towards expansion of a large scale gold deposit that may be worthy of mine development. These separate projects (and many other active partnerships in progress) provide the opportunity for growth of shareholder value as Globex executes its project generator strategy.

High-Value Option Agreement Signed for Ramp/Maude Lake Gold Project

Globex announced a significant new property transaction through an option agreement with 1001565486 Ontario Inc. covering the Ramp/Maude Lake Gold Project near Matheson, Ontario. Located within the prolific Larder Lake Mining District, the property has a long history of gold production and exploration.

The project consists of 80 mining claims and three mining leases covering 1,792 hectares. Included are seven patented and leased surface-right parcels totaling approximately 208 hectares. Infrastructure is favorable, with a major regional highway located roughly eight kilometers south of the property and seasonal gravel roads extending into the project area.

Mining and exploration activity within the property’s current boundaries dates back more than a century. Gold was first discovered at Maude Lake in 1917, leading to multiple phases of underground development, surface stripping, and bulk sampling. Mineralization occurs within quartz veins and quartz breccia zones. In 2016 and 2017, a near-surface gold deposit containing approximately 41,000 ounces of gold (non-compliant estimate) was outlined within a conceptual open-pit shell.

Interesting to note is that In 1994, R.A. Bennett was engaged by Maude Lake Gold Mines Ltd. to complete a compilation of the property and complete what is now a non-NI 43-101 resource estimate. Mr. Bennett estimated a proven, probable and possible reserve (historical and non-NI 43-101 compliant) to the 220 m level of 510,116 tons grading 0.248 oz/t gold and a deep reserve of 283,358 tons grading 0.22 oz/t gold for a total geological ore reserve in all categories of 793,474 tons grading 0.235 oz/t gold (191,284 contained ounces of gold).

Under the terms of the agreement, the Ontario-based company may earn a 100% interest in the Ramp/Maude Lake Gold Project by paying Globex $4.7 million in cash, issuing $1.05 million in shares, and completing at least $6 million in exploration expenditures over four years. Additional cash payments are tied to project advancement milestones and potential mine development. Globex will retain a 3% Gross Metal Royalty (GMR) and will receive annual advance royalty payments beginning on the sixth anniversary of the agreement.

Globex Vends Nevada Fluorspar Project in Second Option Transaction

Globex extended its transaction momentum with a second option agreement, this time involving the Carp Fluorspar Project in Nevada with Australia’s Evion Group NL [EVG-ASX].

Under the agreement, Evion will make staged payments totaling US$1.645 million in cash and US$2 million in Evion shares over a four-year period. The company has also committed to spend at least US$3.75 million on exploration and development activities. Globex retains a 3% GMR on the project as well as a 10-mile area of influence surrounding the property.

The Carp Project was originally acquired by Globex through staking in 2024. Fluorite was first discovered in the area in 1957, leading to intermittent open-pit production from four small pits until 1971. Recognizing the potential for additional unmined resources, Globex consolidated 14 claims covering 117 hectares and compiled historical geological and exploration data from previous operators. This groundwork attracted Evion’s interest and ultimately led to the option agreement.

Following its involvement, Evion completed sampling programs that confirmed high-grade fluorspar mineralization and subsequently expanded the project footprint by staking additional claims, increasing the property’s size by approximately 150%.

Fluorspar is used to produce hydrofluoric acid which is essential in various chemical processes, has metallurgical applications in the production of aluminum, steel and uranium fuel, is used in the manufacture of refrigerants and insulating foams, is critical in the production of electric vehicle batteries, being used in the cathode, electrolyte and anode as well as used in the glass and ceramics industries for its fluxing properties. In other words, it is essential across many of our industries and has been classed as a “critical mineral” as there is no meaningful US or Canadian production with the US reliant on imported supplies principally from China and Mexico.

The speed with which Globex transformed a newly staked land package into a substantial transaction, again highlights the strength of its business model. In just one year, the Company advanced the project sufficiently to secure meaningful cash and share payments while maintaining royalty exposure. With the first payments—US $150,000 in cash and $250,000 worth of Evion shares—already received, Globex now stands to benefit from both future payments and fully funded exploration programs carried out by its partner. Evion is currently planning additional fieldwork to identify drill targets for the next phase of exploration.

Proprietary Exploration Generates Gold Discovery at Salt Spring

Globex also released results from two phases of exploration completed at its Salt Spring Gold Project in Arizona.

The property consists of 57 unpatented claims covering 471 hectares within the historic Gold Basin Mining District. Globex initially acquired the project through staking in 2023 and expanded the land position with additional claims in 2025 and 2026.

The district is known for gold mineralization hosted in stockwork systems, disseminated alteration zones, structural features, and quartz-carbonate veins. Initial exploration programs included soil sampling and rock sampling designed to identify priority targets. Assay results returned encouraging gold values along with elevated silver, copper, and lead concentrations.

A comprehensive soil sampling campaign completed in November 2025 focused on four priority areas and successfully identified multiple gold-in-soil anomalies warranting follow-up work. Several previously unrecognized low- and high-grade gold occurrences were also discovered during the program.

As a result, four priority gold zones were selected for additional investigation. Subsequent trenching and sampling produced encouraging results. At Zone 3-A, a 17-meter trench returned an average grade of 1.54 g/t gold, including a one-meter interval grading 12.7 g/t gold. At Zone 4-A, a 2.6-meter interval returned 6.21 g/t gold within a mineralized shear zone that remains open in both directions.

Overall, the exploration program successfully confirmed widespread gold mineralization across multiple geological settings. The work has now generated a total of 11 promising gold target areas that merit more advanced exploration and could ultimately become attractive candidates for future partnership transactions.

Emperor Metals Continues Expanding Duquesne West Gold Deposit

In addition, Emperor Metals [AUOZ-CSE] reported another strong set of assay results from its ongoing drilling campaign at the Duquesne West Gold Project.

Recent drilling continues to intersect broad zones of gold mineralization, including an interval approaching 36 meters grading 3.1 g/t gold. The current infill drilling program is focused on expanding near-surface resources that could contribute to a future open-pit mining scenario. Exploration drilling has also successfully extended the deposit eastward.

In addition to active drilling, Emperor is re-sampling historic drill core preserved by previous operators. This effort is expected to add further resources as gold mineralization is identified in intervals that were previously classified as waste rock under earlier geological interpretations.

Management estimates that only approximately 20% of the anticipated assay results from the 2025–2026 exploration campaign have been released to date. As additional results become available, the steady flow of encouraging news strengthens the possibility that Emperor could exceed its objective of defining at least one million ounces of gold at Duquesne West.

Globex retains royalty exposure to the project, meaning successful advancement toward mine development could eventually generate a meaningful long-term revenue stream for the Company.

Conclusion

Globex’s project generator model has produced numerous successful transactions in recent years and continues to create significant shareholder value. The Company has developed a strong reputation for identifying prospective mineral properties, acquiring them at minimal cost, and conducting early-stage exploration programs that increase their attractiveness to potential partners. Equally important, Globex consistently retains royalty interests, building long-term value through a portfolio that now includes 106 royalty holdings.

The two option agreements highlighted in this report represent excellent examples of this strategy in action. Together, the Ramp/Maude Lake Gold and Carp Fluorspar transactions provide Globex with a minimum of $6.345 million in cash payments and $3.05 million in partner-company shares. Over time, the Company’s growing portfolio of equity positions has become an additional source of shareholder value creation.

At the same time, partner companies are committed to funding substantial exploration programs that advance these projects without diluting Globex shareholders. Successful exploration often increases both project value and the market value of partner-company shares, while Globex maintains significant royalty leverage should any project ultimately advance to production.

The identification of new gold targets at Salt Spring creates another potential transaction opportunity, while the progress being made at Duquesne West demonstrates the long-term value that can emerge from advanced royalty-backed projects.

Globex continues to showcase multiple facets of its project generator strategy. With a large and diversified portfolio, an expanding royalty base, and continued strength in the mineral resource sector, the Company appears well positioned to sustain its growth trajectory in the years ahead. Smallcaps Recommendation: BUY.

For important disclosures, please read our disclaimer.