Company
TSE:GMX
Globex Mining Enterprises Inc's North American portfolio includes mid-stage exploration, development, and royalty properties with precious metals, base metals, specialty metals and minerals, and industrial minerals and compounds.
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The new gold discovery is located on a group of five royalty property cells acquired from Globex as part of a larger 91-cell acquisition deal announced in July 2020
The company has announced a deal on several prospective claims packages in the Canadian province
The company said it is “pleased” with Cartier’s move to “consolidate the gold potential of the area,” and looks forward to Cartier advancing exploration on Globex's gold royalty asset
The goal of the 2021 drill program is to upgrade a sufficient portion of the current North Zone inferred mineral resources to the measured and indicated categories to support a minimum 20-year mine life as part of the feasibility study that
Excellon, which options the property from Globex, said the results from its 2021 drill program confirmed the continuity of the structures intersected in the initial drilling
Over 48 months, Globex will receive $6.40 million in cash of which $1 million is payable in the first 12 months, and some 9 million shares as well as the indicated minimum project expenditure in exchange for 100% interest in the Magusi prop
The land package spans around 50 square kilometres and houses 191 claims and Globex said it was pleased to be optioning it to Orford, which has 'good exploration experience' in the area
The exploration, royalty, and property bank company has a diversified portfolio of mid-stage exploration, development, and royalty properties in Canada, Germany, and the US
Globex has a diversified North American portfolio of mid-stage exploration, development and royalty properties containing precious and base metals
The royalty covers a gold property owned by Hecla Mining and a large block of claims held by Falco Resources
Globex received nearly $13.8 million in cash and has become the largest shareholder of Electric Royalties
The Rouyn Merger property consists of 49 claims totaling 1,509.4 hectares covering around 6.5km of the prolific, gold localizing Cadillac Break
Maple Gold Mines has the option to pay C$1.2 million over a five-year period to Globex and undertake C$1.2 million in exploration over four years in order to earn a 100% interest in the Eagle property
Under the NCIB, the company will be entitled to repurchase for cancellation up to 1 million common shares, representing about 1.82% of its issued and outstanding shares as of June 30
Archive
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Globex has struck a definitive purchase agreement on the asset, which lies in the prolific Abitibi region, and adjoins Yamana’s Wasamac gold mine project
Globex received an initial $250,000 cash payment from Electric Royalties as well as a $50,000 option payment from Starr Peak Mining
The group said that of particular note is the following comment: "This high-grade silver discovery at Grauer Wolf adds a fourth priority area for follow-up in our 2021 drilling program at Silver City"
The interest consists of 26 claims covering the Bald Hill antimony deposit and the surrounding area, while an additional eight claims adjoining Globex’s Devils Pike gold deposit property were also acquired
In other quick updates, Globex told shareholders it has acquired a permitted Silica Quarry in Wyse township, Ontario near the Quebec border
