Northwire Canada EditionTuesday, July 14, 2026
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WDO 26.04 −0.9% FVI 11.84 −1.6% OM 1.75 −1.7% ETG 2.99 +0.0% ARTG 31.47 −4.6% LUC 0.163 +1.6% AFM 1.38 +0.0% IMG 20.95 −3.5% CPAU 0.150 +3.5% MMX 0.075 +7.1% IE 12.47 −2.4% SASK 1.09 −1.8% MOG 0.390 +2.6% XIM 0.070 −6.7% S 0.110 −29.0% OMI 0.300 −4.8% WDO 26.04 −0.9% FVI 11.84 −1.6% OM 1.75 −1.7% ETG 2.99 +0.0% ARTG 31.47 −4.6% LUC 0.163 +1.6% AFM 1.38 +0.0% IMG 20.95 −3.5% CPAU 0.150 +3.5% MMX 0.075 +7.1% IE 12.47 −2.4% SASK 1.09 −1.8% MOG 0.390 +2.6% XIM 0.070 −6.7% S 0.110 −29.0% OMI 0.300 −4.8%
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Feasibility Study on Globex's Mont Sorcier Royalty Due in Q2

Globex plans to release the feasibility study for its Mont Sorcier iron project in the second quarter to advance green steel prospects.

By The Northwire Desk — AI Analysis Apr 08, 2026 · 09:00 GMX · 2.49 Globex Mining Enterprises Inc.
Executive Summary
  • On 8 Apr 2026 Globex announced that the feasibility study (FS) for the Mont Sorcier high‑purity iron project will be completed in Q2 2026.
  • A 17,890 m infill drilling program finished in 2025 to upgrade resources into Proven and Probable categories for the bankable FS.
  • Voyager Metals (Cerrado’s subsidiary) added 22 adjacent mining claims, expanding infrastructure capacity and providing a buffer around the core development area.
  • Updated metallurgical work suggests the concentrate can exceed 67 % Fe, improving economics for “green‑steel” markets.
  • The release is authored by Jack Stoch, Executive Chairman & CEO, acting as Qualified Person under NI 43‑101.
Material Impact

The announcement confirms the timeline and technical progress already hinted at in earlier updates (Nov 2025 feasibility throughput increase, Oct 2025 infill drilling). Completion of a bankable FS is a material catalyst for any junior miner because it unlocks financing, off‑take agreements and valuation uplift. However, the news does not contain new surprises—FS completion was already expected in Q2 2026—so the impact is positive but routine relative to market expectations.

GMX · Price
Company Overview

Globex Mining Enterprises Inc. is a Canadian‑registered junior mining company that holds royalty interests, option agreements and outright ownership of over 260 mineral assets across North America. Its flagship projects include:

  • Mont Sorcier (iron/vanadium) – 1 % gross metal royalty; feasibility study due Q2 2026; high‑purity DRI concentrate target >67 % Fe for green‑steel markets.
  • Berrigan (zinc‑gold‑silver) – 2 % royalty, ongoing drilling with semi‑massive sulfide zone.
  • Duquesne West (gold) – 50 % option held by Emperor Metals; inferred resource of 1.46 Moz Au.
  • Virgin Mountain REE/Beryllium (Arizona) – optioned to Arizona Mountain Pass, includes heavy rare earths and beryllium pegmatites.
  • Bald Hill (antimony) – under option with Antimony Resources; high‑grade stibnite zones.
Read the original news release →

More from Globex Mining Enterprises Inc.

Jul 03, 2026 · 10:58

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Globex extended the deep zone at Berrigan, revealing a wide low-grade envelope that represents an evolutionary step rather than a valuation catalyst.

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Production / Operations Jun 16, 2026 · 14:25

Globex advances its royalty portfolio through critical exploration phases, leveraging a strong cash position to fund optionee drilling without dilution.

Drill Results Jun 16, 2026 · 09:25

Globex Mining Enterprises Inc. Reports High-Grade Gold Intersections at Duquesne West

Drill Results Jun 08, 2026 · 11:16

Exploration momentum fades as market demands resource definitions over trenching updates.

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