16:09:30 EST Sun 08 Feb 2026
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Globex Mining Enterprises Inc
Symbol GMX
Shares Issued 56,095,636
Close 2025-09-23 C$ 1.50
Market Cap C$ 84,143,454
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Globex's Bald Hill optionee Antimony restarts drilling

2025-09-23 19:00 ET - News Release

Mr. Jack Stoch reports

ANTIMONY RESOURCES STARTS PHASE TWO DRILL PROGRAM AT GLOBEX'S BALD HILL ANTIMONY PROPERTY

Globex Mining Enterprises Inc. has updated shareholders as regards continuing work on Globex's Bald Hill antimony property located in New Brunswick under option to Antimony Resources Corp.

Antimony Resources announced today that, having recently completed drilling of 3,150 metres in 16 drill holes, it has recommenced drilling to complete a total of 6,000 metres of drilling. It further announced that it has discovered a second mineralized zone approximately 450 metres southeast of the Main zone. Drilling in the first phase intersected high-grade antimony bearing stibnite in 75 per cent of the holes including: 4.17 per cent Sb over 7.4 m, 9.85 per cent Sb over 4.3 m and 14.91 per cent Sb over 3.0 m. Intersections covered a strike length of 400 m vertical (see Globex press releases dated July 2, 2025, July 28, 2025, and Aug. 28, 2025). Historical drilling returned intersections of up to 11.7 per cent Sb over 4.51 m including 20.9 Sb over 2.29 m.

The new drill program will focus on infilling where drill intersections of mineralization were wide spaced on the Main zone, "to assist in determination if there is sufficient continuity of the mineralization and data to enable the creation of a maiden resource." In addition, it will endeavour to extend the Main zone mineralization to the northwest and southeast, as well as to depth. Mineralization consists of massive antimony-bearing stibnite, veins and stibnite-bearing breccia within metasediments and metavolcanics. Alteration consists principally of sericite, quartz and carbonate.

Exploration will also focus on a two-kilometre-long antimony soil anomaly, which has the Main zone located at the northwest end and the newly discovered zone at the southeast end, where intersections of 2.90 per cent Sb over 8.18 m, including 5.79 per cent Sb over 1.75 m and 8.47 per cent Sb over 1.53 m, are reported. Work along the geochemical soil anomaly will consist of mapping, trenching and, depending upon results, additional drilling.

Globex is pleased both by the results of Antimony's exploration to date and by the speed and dedication wherein it is advancing the project.

Note the drilling at the northwest end of the anomaly in the Main zone and note that the rest of the anomaly is poorly explored.

This press release was written by Jack Stoch, PGeo, executive chairman and chief executive officer of Globex, in his capacity as a qualified person under National Instrument 43-101.

We seek Safe Harbor.

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