Antimony Deposits Represent the ‘Pot of Gold’ For Two Globex Option Partners

Core Insights - Successful mine development requires not only high-quality properties but also a strong exploration team to advance through key milestones [1] - Globex Mining Enterprises Inc. emphasizes the importance of building long-term shareholder value through strategic partnerships with talented junior explorers [2] Project Updates - Antimony Resources has presented an updated NI43-101 technical report for the Bald Hill antimony project, indicating a conceptual deposit of 2.7 million tonnes at a grade of 3-4% antimony [4][5] - Bryah Resources is advancing the Golden Pike project, reporting high-grade stibnite samples up to 57% Sb and commencing a 1000m drilling program to confirm previous results [9][11] - Cerrado Gold is updating its feasibility study for the Mont Sorcier project, increasing the production target by 60% to an initial 4 million tonnes per annum, with plans to scale up to 8 million tonnes by the third year [14][15] Financial and Royalty Structure - Globex has received a cash payment of $100,000 and over 30 million shares from its partner companies, with additional payments due annually [12] - The company retains a 3.5% Gross Metals Royalty on the Bald Hill project and a 1% GMR on the Mont Sorcier project, which could provide a steady income stream as these projects advance [6][22] Strategic Partnerships - The option agreements with Antimony Resources and Bryah Resources include cash and share payments that enhance corporate liquidity for future acquisitions [20][21] - The strategy of acquiring a diversified portfolio of exploration assets is proving valuable, supported by successful exploration from active partner companies [23]