Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Drill Results Routine +

High-Grade Antimony Assays from Trenching on the South Zone on the Bald Hill Property Under Option from Globex

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

By The Northwire Desk — AI Analysis Jun 08, 2026 · 11:16 GMX · 1.93 Globex Mining Enterprises Inc.
Executive Summary
  • Antimony Resources Corp. (optionee) reported rock sampling results from the "South Zone" on the Bald Hill Property in New Brunswick.
  • Thirty-eight hand-picked stibnite-bearing vein samples averaged 19.5% antimony (Sb), with grades reaching up to 44.2% Sb across a 200-metre strike.
  • The South Zone parallels the previously identified "Main Zone" (averaging 3-4% Sb over a 600m strike length), significantly expanding the known mineralization footprint on the property.
  • Sampling was conducted during a winter trenching program. QA/QC protocols included standards, duplicates, and blanks. Results were approved by Qualified Persons Jack Stoch and Jim Atkinson.
  • No production, cost, or economic data is provided. This is strictly an early-stage exploration update expanding the surface footprint of a known zone.
Material Impact
  • Routine - Positive. The update is expected exploration progress consistent with the ongoing 2026 drilling and trenching campaigns at Bald Hill. It does not constitute a resource definition, economic study, or production milestone. The market has already priced in the exploration narrative, as evidenced by the stock's run to $2.86 in February 2026 followed by a ~30% correction to current levels. This specific trenching result is incremental and does not materially alter the project's timeline or valuation.
GMX · Price
Company Overview
  • Globex Mining Enterprises Inc. operates as a royalty and exploration company, holding a diversified portfolio of optioned and royalty-bearing assets across Canada and the United States.
  • Key assets include Bald Hill (antimony, NB), Mont Sorcier (iron, QC), Duquesne West (gold, QC), Berrigan (Zn-Au-Ag, QC), Carp (fluorspar, NV), Virgin Mountain (REE/Be, AZ), and Kewagama (gold, QC).
  • Business model centers on earning 100% ownership of exploration properties through cash, share, and work commitments, while retaining gross metal royalties (typically 1-3%) or net smelter royalties.
Read the original news release →

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