Globex Reports Duquesne West High - Grade Shallow Gold Drill Intersections

Globex Mining Enterprises Inc. reported results from Emperor Metals’ 2026 Duquesne West campaign. Duquesne West is optioned from Duparquet Assets Ltd, a 50%-owned Globex subsidiary.

Key intercepts from the campaign include:

• DQ26-52: 24.1 m grading 2.6 g/t Au from 45.2 m downhole, including 7.1 m of 7.5 g/t Au; reported 35 m vertical depth.
• DQ26-53: 14.3 m grading 2.2 g/t Au from 50 m downhole, including 4.0 m of 7.4 g/t Au; reported 39 m vertical depth.

Assays have now been received for 42 of 66 holes, representing 61% of 20,479 m of new 2026 drilling. An additional 7,884 m of historical core was also sampled. Total project drilling to date stands at 142,758 m. The release frames the holes as supporting a future PEA and updated NI 43-101 resource.

The holes are infill near DQ26-33, 34 and 35; DQ26-34 previously returned 9.5 m grading 2.7 g/t Au.

Globex Mining Enterprises Inc. (GMX) is a diversified royalty and option holder with a market capitalization of approximately C$124 million. Its interest in Duquesne West is indirect, held through a 50%-owned subsidiary and an option to Emperor.

The recent drilling consists of infill and resource-definition holes located within the existing mineralized footprint. These holes do not define a new zone, materially expand the deposit, or result in a new resource publication. For infill drilling, the key metric is whether grades and widths support resource continuity above the 1.69 g/t inferred grade. The results meet this threshold, indicating continuity, though the impact is considered modest given Globex’s scale.

The market appears to have already priced in continued success from Duquesne West partners. Consequently, this type of release is not expected to move Globex shares by 15% or more on its own.

Globex Mining Enterprises Inc. (GMX) is a Canadian prospect generator and royalty holder maintaining a diversified portfolio across Quebec, Ontario, New Brunswick, Nevada, and Arizona. Key interests detailed in recent releases include the Duquesne West gold project, the Bald Hill antimony property, and the Mont Sorcier iron royalty. The company also holds the Berrigan zinc-gold-silver royalty, the Parbec gold royalty, and the Nordeau gold royalty. Additional assets include the Kewagama/O’Brien royalties, the Wood/Central Cadillac project, and the Rouyn-Merger property, alongside various lithium, rare earth, and fluorspar royalties or options.

According to prior-period financial data from the third quarter of 2025, the company reported nine-month revenue of C$1.08 million. Operating income for the period was a loss of C$2.79 million, while net income stood at C$4.81 million, a figure supported primarily by investment gains. Total assets were recorded at C$38.91 million, with current assets totaling C$37.42 million. The company held C$8.87 million in cash and carried total liabilities of only C$132,207. Book value per share was C$0.69.

As of the third quarter of 2025, Globex Mining Enterprises Inc. had no reported debt and 56,092,436 shares outstanding. The current market price remains well above the last reported book value, indicating that the equity already embeds option and portfolio upside.