20:46:14 EDT Fri 31 Jul 2026
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Globex Mining Enterprises Inc
Symbol GMX
Shares Issued 57,002,836
Close 2026-07-31 C$ 1.90
Market Cap C$ 108,305,388
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Globex Mining talks exploration by option partners

2026-07-31 16:46 ET - News Release

Mr. David Christie reports

GLOBEX REPORTS STRONG EXPLORATION RESULTS FROM OPTION AND ROYALTY PARTNERS

Globex Mining Enterprises Inc. has received strong exploration news from its partners: Antimony Resources Corp., Emperor Metals Inc. and Renforth Resources Inc.

Antimony Resources has an option on Globex's Bald Mountain antimony and gold property in New Brunswick, where Antimony Resources has announced significant drill results. Emperor has an option on the Globex's 50-per-cent-owned Duquesne West gold property in Quebec, where Emperor Metals announced more positive drilling results. Globex holds a 3-per-cent gross metal royalty (GMR) on Renforth's Parbec gold project, where Renforth has announced significant gold and silver surface rock channel sample results.

Highlights from Antimony Resources' drill results on the Bald Hill antimony-gold property (see Table 1):

  • High-grade values included 11.41 per cent antimony over 1.55 metres in drill hole BH 26-14 within the Main zone:
    • Mineralization in this hole averaged 2.78 per cent antimony over 11.3 metres.
    • Gold is associated with the stibnite mineralization and averages 0.41 gram per tonne gold over the same 11.3 metres, with sections over one gram per tonne gold.
  • Drill holes completed into the Central zone intersected antimony-bearing stibnite below surface trenches with antimony-bearing stibnite.
  • In six holes completed into the Central zone, breccia containing stibnite was identified.
  • The drill holes reported here are intersecting mineralization at depths of 100 to 150 metres below surface.
  • Multiple zones of mineralization are found in the drill holes such as BHC-26-03 intersecting three zones of breccia-hosted stibnite over a core length of 35 metres.
  • Intersections on the Bald Hill property released by Antimony Resources are intersection widths. True width is approximately 75 per cent of the intersection width.

Highlights from Emperor's drill results on the Duquesne West gold property:

  • 21.3 metres grading 3.0 grams per tonne gold at 45 metres vertically in hole DQ26-43;
  • 27.9 metres grading 0.5 gram per tonne gold in hole DQ26-31;
  • 14.8 metres grading 0.9 gram per tonne gold in hole DQ26-09;
  • Emperor has now reported 31 of 66 holes drilled this year;
  • 35 per cent of the total sample assays have been reported for the completed drilling program, which included 20,000 metres of new drilling and 8,000 metres of historical core resampling;
  • With more than 135,000 metres of drilling completed on the Duquesne West project to date, the results represent a significant step toward Emperor's objective of advancing to a preliminary economic assessment in the near term.

Highlights from Renforth's surface channel sampling results on the Parbec gold property:

  • Channel 51 -- 2.97 grams per tonne gold over 10.2 metres, including silver subintervals of 2.48 grams per tonne silver over two metres, 1.93 grams per tonne silver over one metre and 4.42 grams per tonne silver over 1.75 metres;
  • Channel 58 -- 8.02 grams per tonne gold over 2.55 metres, including 28.77 grams per tonne gold and 3.6 grams per tonne silver over 0.6 metre;
  • The Parbec property is contiguous to Agnico Eagle's East Amphi gold mine property and on strike to the northwest of the large open-pit Malartic gold mine in the Malartic area of Quebec;
  • Renforth have commenced a drill program to undercut channels 51 and 58.

Results from Antimony Resources at the Bald Hill property in New Brunswick.

Note that details on the results reported by Antimony Resources may be found in its July 30, 2026, press release.

Results from Emperor at the Duquesne West property

Note that details on the results reported by Emperor may be found in its July 29, 2026, press release.

Results from Renforth at the Parbec property

Note that details on the results reported by Renforth may be found in its July 30, 2026, press release.

David Christie, PGeo, president and chief operating officer of Globex, in his capacity as a qualified person under National Instrument 43-101, prepared the information that forms the basis of this written disclosure utilizing the information in Antimony Resources', Emperor's and Renforth's press releases dated July 30, July 29 and July 30, 2026, respectively.

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