Core Insights - Chibougamau Independent Mines Inc. is highlighting updates from Cerrado Gold Inc. regarding the Mont Sorcier Iron/vanadium project, which is located near Chibougamau, Quebec [1][4] Project Update - 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] - Assay results from the drilling program are still pending [2] Feasibility Study - A Bankable Feasibility Study is being conducted to provide detailed insights into the project's potential, building on the previous 2022 NI 43-101 Preliminary Economic Assessment (PEA) that indicated a project NPV at 8% 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] Royalty Information - Chibougamau Independent Mines holds a 2% Gross Metal Royalty on iron and vanadium production from the Mont Sorcier property [4]

Core Insights - Chibougamau Independent Mines Inc. is highlighting updates from Cerrado Gold Inc. regarding the Mont Sorcier Iron/vanadium project in Quebec [1] - The project is undergoing detailed metallurgical testing and an infill drill program to update resources to Proven and Probable categories [2] - A Bankable Feasibility Study is in progress, aiming to provide detailed insights into the project's potential, with a previous NPV of US$1.6 billion based on a 65% iron concentrate [3] Project Development - The Mont Sorcier project is focused on producing high-purity DRI grade iron ore concentrate, with expectations of exceeding 67% iron content [3] - The ongoing workstreams are fully engaged, and assay results are pending [2] - Chibougamau Independent Mines holds a 2% Gross Metal Royalty on iron and vanadium production from the Mont Sorcier property [4]

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. highlights the ongoing developments at Cerrado Gold Inc.'s Mont Sorcier Iron/vanadium project, emphasizing the project's potential and the company's confidence in delivering high-purity iron ore concentrate to support the Green Steel transition [1][3]. Project Update - 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 feasibility support [2]. - Assay results from the ongoing work are still pending [2]. Financial Insights - 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 at 8% of US$1.6 billion based on iron concentrates with 65% iron content [3]. - Improved metallurgical results suggest the potential for a high purity Direct Reduced Iron (DRI) grade iron ore concentrate product exceeding 67% iron, which could enhance project value [3]. Royalty Information - Globex holds a 1% Gross Metal Royalty on iron production from the Mont Sorcier property, indicating a vested interest in the project's success [4].