Globex Mining Enterprises Inc said it has sold the recently staked Des Herbiers uranium project near Johan-Beetz, Quebec.
The company said the property, acquired in November 2021, was extensively explored by Uracan Resources Ltd (now Vanadian Energy Corp.), which reported a large, low grade, indicated, and inferred uranium resource.
Globex has sold the 66-claim package to Australian corporation Infini Resources Private Ltd. and its wholly own Canadian subsidiary Fleur de Lys Exploration Corporation.
READ: Globex Mining Enterprises options Magusi Mine project in Quebec to Electro Metals and Mining
The deal includes C$100,000 payable within 30 days of the signature date (January 27, 2022) of the contract and C$200,000 payable within 30 days of receiving the Conditional Admission Letter from the security authorities.
Furthermore, the deal includes C$300,000 in Infini Resources shares at a price equal to the listing price and a 3% Gross Metal Royalty (GMR) of which 1% GMR may be purchased by Infini for C$1 million.
In early December 2021, Globex sold its Coconut Club rare earth property east of Kipawa, Quebec to REEgeneratePty Ltd., an Australian corporation. The property, located in Pomeroy and McLachlin townships Quebec, is comprised of eight claims.
Consideration for the sale consists of C$10,670 (received), $20,000 in REEgenerate shares, and a 2% GMR.
Surface grab samples and a number of shallow drill holes have returned highly anomalous rare earth assays. Globex said.
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