Emperor Reports Additional Gold Intersections
Globex Mining Enterprises Inc. reported additional drill assays generated by Emperor Metals Inc. on the Duquesne West gold property at Duparquet, Quebec. Globex holds a 50% indirect interest in the property through Duparquet Assets Ltd.
The best new intersection came from hole DQ-26-37, which returned 5.9 g/t Au over 32.0 m (104 feet) at a vertical depth of 335 m. Assays have been received for 44 of 66 holes, totaling 13,943 m. This represents 68% of the new 2026 drilling and approximately 50% of the total expected assays.
The drilling programme includes 20,479 m of new drilling plus approximately 7,884 m of targeted historical unsampled core, for more than 28,000 m combined. A total of 142,758 m has been drilled on the property to date.
The release is a summary and provides no from/to depths, no cutoff grade, no true width, and no assay table. It directs readers to Emperor’s own press release for assay methodology and figures. The Qualified Person for Globex’s disclosure is Jack Stoch, P.Geo., Executive Chairman and CEO.
Globex Mining Enterprises Inc. (GMX) is a diversified, debt-free royalty and project-generation company rather than an operator, meaning a partner’s single drill hole represents derivative news rather than a primary catalyst. The most significant previously reported intercept on the Duquesne trend is DQ 26-20, reported on June 16, which returned approximately 922 g.m. This prior result was not embedded in the share price, which moved from approximately C$1.96 on June 15 to C$1.95 on June 17, and the stock has since round-tripped from its February high. Consequently, the negative "embedded-anchor miss" rule does not apply.
The new hole demonstrates better grade-and-width substance than the immediately preceding holes, specifically DQ26-52 (24.1 m @ 2.6) and DQ26-53 (14.3 m @ 2.2), both reported on September 9. However, the result is not superior to anything previously demonstrated, so the mirror-image upside rule does not trigger. The discovery serves as incremental de-risking and depth-extension of an existing 1.46 moz deposit ahead of an updated resource and preliminary economic assessment (PEA). It changes no resource number, mine-life, or net asset value (NAV) today. For a C$126M diversified royalty company with 50% exposure to a non-operated asset, the equity impact is small and confirmatory.
Globex Mining Enterprises Inc. (TSX: GMX; OTCQX: GLBXF; multiple European listings) is a diversified mineral royalty and project-generation company that holds dozens of royalty interests, option agreements, and strategic land positions across precious, base, and critical minerals rather than operating mines.
Relevant interests include: - 50% of Duquesne West via Duparquet Assets Ltd. - 2% GMR on Berrigan - 3% GMR on Nordeau (Cartier) - The Bald Hill antimony option (Antimony Resources) - 3% GMR on the O'Brien/New Alger and 2% NSR on Kewagama (Radisson) - 1% GMR on Mont Sorcier iron (Cerrado) - 3% GMR on Parbec (Renforth) - 2.5% GMR on Eagle (Maple Gold) - The 100%-owned Wood/Central Cadillac and Rouyn-Merger gold properties - REE/fluorspar and other options
Prior-period financial context for the nine months ended 2025-09-30 (not disclosed in today's release) shows revenue of approximately C$1.08M and an operating loss of approximately C$2.79M. Net income was approximately C$4.81M, boosted by non-operating and investment gains. The company held approximately C$8.87M in cash and total equity of approximately C$38.78M, with no debt. Book value stood at approximately C$0.69 per share. On a price of approximately C$2.25, the stock trades at roughly 3.3 times book value, a valuation that embeds a portfolio of royalty optionality rather than any single drill hole.