Core Viewpoint - Globex Mining Enterprises Inc. has successfully staked 40 lode claims in the historic Gold Basin mining district, covering a total surface area of 334.45 hectares, indicating potential for gold exploration and production in the area [1][2]. Group 1: Acquisition Details - The newly acquired property, named the Salt Spring Project, includes 24 lode claims in the West Claim Block and 16 lode claims in the East Claim Block [1]. - The project is strategically located in northwestern Arizona, approximately 85 km southeast of Las Vegas, Nevada, and 15 km south of Lake Mead [2]. Group 2: Historical Context - Gold was first discovered in the Gold Basin district in the early 1870s, with significant production occurring before 1932 from several mines, including El Dorado and Excelsior [3]. - The Gold Hill Mine, located in the East Block, was the largest operation in the northern Gold Basin region, with intermittent production from 1930 to 1942, and historical records indicate extraction of approximately 359.57 tons of gold ore averaging 21.7 g/t Au [3]. Group 3: Recent Exploration Results - Globex conducted preliminary fieldwork, collecting 131 rock samples and 32 soil samples, revealing high-grade assay results from the West Claim Block, including samples with gold grades of 25.6 g/t Au and 17.8 g/t Au [5][8]. - Notable samples include a linear chip sample from the Central vein system that assayed 49.27 g/t Au, marking the highest grade from the Salt Spring project [8]. - Additional significant findings include samples from the North Mine returning gold grades of 20.8 g/t Au and 26 g/t Au [9]. Group 4: Analytical Methods - Rock samples were analyzed at American Assay Laboratories in Sparks, Nevada, using ISO 17025 certified methods, including ICP-OES analysis and fire assay for gold [14].

Core Insights - Globex Mining Enterprises Inc. highlights an update from Cerrado Gold Inc. regarding the Mont Sorcier Iron/vanadium project in Quebec [1] Project Development - The Mont Sorcier project is undergoing detailed metallurgical test work and flow sheet design, with an infill drill program initiated to update resources to Proven and Probable categories for ongoing feasibility [2] - The Bankable Feasibility Study aims to provide detailed insights into the project's potential, building on the 2022 NI 43-101 Preliminary Economic Assessment which indicated a project NPV of US$1.6 billion based on iron concentrates with 65% iron content [3] - Improved metallurgical results suggest the potential to produce a high purity DRI grade iron ore concentrate exceeding 67% iron, which could enhance project value and support the Green Steel transition [3] Financial Interests - Globex holds a 1% Gross Metal Royalty on iron production from the Mont Sorcier property, indicating a financial interest in the project's success [4] Company Information - The company has 56,095,636 shares issued and outstanding, reflecting its market presence [6]

Core Viewpoint - Globex Mining Enterprises Inc. is positively impacted by Radisson Mining Resources Inc.'s announcement of a favorable Preliminary Economic Assessment (PEA) for the O'Brien Gold Project, which includes a 2% Net Smelter Royalty (NSR) benefiting Globex on a portion of the gold production [1][2][3] Group 1: Project Details - The PEA indicates an 11-year mine life with a total of 740 Koz mined and 647 Koz recovered, achieving an average recovery rate of 87% [2] - The project is expected to produce an average of 70 Koz of gold per annum during years 2-8, generating an average annual after-tax Free Cash Flow (FCF) of $97 million [2] - The resource estimate used in the PEA is based on data from 2023, with additional positive drilling results reported by Radisson since that update [2] Group 2: Financial Implications for Globex - The advancement of the O'Brien Gold Project is expected to enhance potential revenue from Globex's Kewagama Royalty, which covers 22% of the scheduled gold production [1][3] - The mineralized gold zones on the Kewagama royalty claims are open for further exploration, potentially increasing the resource base [3] - Globex has reported an Indicated Resource of 243,800 tons grading 14.38 g/t Au and an Inferred Resource of 37,100 tons grading 7.22 g/t Au at its Central Cadillac Gold and Wood Gold Mines [3]

Core Viewpoint - Emperor Metals Inc. has announced its initial Mineral Resource Estimate for the Duquesne West Gold Project, indicating a significant increase in gold resources compared to historical estimates [1][3]. Group 1: Mineral Resource Estimate Highlights - The 2025 Duquesne West MRE includes an Inferred Mineral Resource of 26.9 million tonnes (Mt), containing 1.460 million ounces (Moz) of gold at an average grade of 1.69 grams per metric ton (g/t) [2][4]. - The current estimate represents an increase of over 104% from the historical resource, which was 727,000 ounces at a grade of 5.42 g/t [3][4]. - Approximately 44% of the total inferred gold resource is amenable to open-pit extraction, while 56% is potentially mineable via underground methods [6]. Group 2: Exploration and Future Plans - The company plans to conduct a summer drill program of approximately 8,000 to 10,000 meters starting in August to further expand the resource [6]. - The focus for 2025 is to surpass the inferred two-million-ounce mark through systematic exploration [4]. Group 3: Technical Details - The effective date of the 2025 Duquesne West MRE is July 2, 2024, and it was prepared by APEX Geoscience Ltd. [7]. - The MRE includes 292 drillholes with a total of 8,229.31 meters of drilling within the estimation domains [16]. - Gold grades were estimated using Ordinary Kriging with locally varying anisotropy to ensure grade continuity [18]. Group 4: Economic Assumptions - Economic assumptions for the MRE include a gold price of USD $2,300 per ounce, a processing cost of CA$12.5 per tonne, and a general and administrative cost of CA$3.0 per tonne [10].

ROUYN-NORANDA, Quebec, June 11, 2025 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to provide a brief update to shareholders as regards ongoing work by Brunswick Exploration Inc. (BRW-TSXV, BRWXF-OTCQB) on Globex’s Lac Escale royalty claims, a part of Brunswick’s Mirage project ...

ROUYN-NORANDA, Quebec, May 06, 2025 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to provide an update on drilling by Antimony Resources Corp. (ATMY-CSE, K8J0-FSE) on the Bald Hill antimony property in New Brunswick under option from Globex. Under the option, Antimony Resources ...

Core Viewpoint - Chibougamau Independent Mines Inc. and Globex Mining Enterprises Inc. are updating on the Mont Sorcier iron vanadium deposit, highlighting their respective royalties on production and ongoing metallurgical test work aimed at enhancing project feasibility [1][3][4]. Group 1: Project Update - The Mont Sorcier project is focused on producing high-grade iron concentrate with over 67% iron content and low silica and alumina levels below 2.3% [3]. - Ongoing test work includes flotation testing, variability tests, grind size optimization, and equipment sizing, which are critical for the project's development [3][4]. - A Bankable Feasibility Study (BFS) is targeted for completion by the end of Q1 2026, building on a previous Preliminary Economic Assessment (PEA) that indicated a project NPV8% of US$1.6 billion based on 65% iron concentrates [4]. Group 2: Company Royalties - Chibougamau Independent Mines holds a 2% Gross Metal Royalty on all iron and vanadium produced from the Mont Sorcier property [1]. - Globex Mining Enterprises has a 1% Gross Metal Royalty on all iron production from the same property [1].