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Globex Mining Enterprises seeks growth with its diversified, low-risk model

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  • A mineral property bank that specializes in acquisitions with revenue from options, sales, and royalties
  • Holds 192 diversified assets in favorable jurisdictions in North America and Germany
  • Maintains a strong management team and has no debt

What Globex Mining Enterprises does: 

Globex Mining Enterprises Inc (TSE:GMX) (OCTMKTS:GLBXF) is an exploration, royalty, and property bank company with a diversified portfolio of mid-stage exploration, development, and royalty properties in Canada, Germany, and the US.

The breadth and scope of its portfolio are enormous: precious metals (gold, silver, platinum, palladium), base metals (copper, zinc, lead, nickel), specialty metals and minerals (manganese, titanium oxide, iron, molybdenum, uranium, lithium, rare earths) and industrial minerals and compounds (mica, silica, apatite, talc, magnesite).

The company explores for its own account and options many of its numerous projects to other companies that pay Globex cash, shares, and royalties and undertake extensive exploration in order to earn an interest in Globex’s projects — of which there are currently 192. 

If the company’s partners earn 100% of a property, they then provide Globex with what’s called a gross metal royalty (GMR), a concept invented by the firm, which sees an actual percentage (for example 3%) of the physical metal produced at a project go to Globex.

The company has 96 precious metals (gold), 60 base metals properties, and more than 36 specialty minerals projects. Globex also has 71 royalties and four active options — GMR, cash, share, and exploration/development payments.

Globex Mining, which has strong cash and share positions in other companies, is debt-free and owns all of its property and exploration assets. It also gets a stream of royalty and options payments and its stock has a history of minimal dilution. 

How is it doing:

Globex’s options partner, Excellon Resources Inc, helped give an upbeat kick-off to 2021 by announcing a new silver, gold, lead zinc discovery on the Silver City project (Grauer Wolf) in Saxony, Germany. Drilling to date has confirmed high-grade silver mineralization over 12 kilometers of strike within 36 kilometers of strike potential on the project.

Over in New Brunswick, the company acquired recently a 100% interest in the Bald Hill antimony property in Queens County in the south-central region of the province consisting of 26 claims covering the Bald Hill antimony deposit and surrounding area. 

The antimony (Sb) zone was most recently explored by Rockport Mining Corp and surface trenching returned up to 43% Sb over 2m and 2.90% Sb over 8.18 meters (m). An additional eight claims adjoining Globex’s Devils Pike gold deposit property were also acquired.

Globex also acquired a permitted Silica Quarry in Ontario near the Quebec border that awaits court approval. The property has a large historical resource of high-grade silica grading in the range of more than 98% SiO2.

The company as well has optioned the Lac Suzanne Nord nickel, copper, cobalt property to Enertourbe Inc. The property has three claim packages totaling 23 claims spread over 1,278 hectares. Numerous showings of nickel, copper, and cobalt in sulphides occur on all the claim packages.

Meanwhile, O3 Mining is working on Globex’s Nordeau East and West royalty property east of Val-d’Or in Quebec. Similarly, Tres-Or and Kiboko are working on the optioned Fontana gold property, while Renforth Resources is completing the first phase (7,000-metre drill program) of a 15,000-meter program on its Parbec gold royalty property. And Radisson Mining is drilling on adjoining claims on gold zones that plunge into the group’s Kewagama Gold Mine royalty asset.  

Inflection points:

  • Anticipate more results from Excellon’s optioned Silver City project 
  • Permitting 2021 drilling program for Bräunsdorf, Reichenbach, Peter Vein
  • Tasked Novatem to run aerial surveys over several properties in 2021

What the boss says: 

“Antimony is a critical metal,” said FGlobex Mini8ng CEO Jack Stoch in a recent interview with Proactive. commenting on the company’s purchase of the Bald Hill antimony property in New Brunswick. 

“The US government has indicated the need for local supply; 60 to 75% of the material comes from China. The government is putting funds into companies that are looking for antimony. In quantity and grade, there is roughly a million tons of about between 4-5% antimony open along strike, open to depth … it’s a really nice project.”

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Story by ProactiveInvestors


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