Northwire Canada EditionTuesday, July 14, 2026
Sign inSubscribe
Northwire
⌕
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%
Technical Study Material +

Globex expects Mont Sorcier feasibility study in Q2

Globex nears completion of the Mont Sorcier feasibility study, which boosts iron concentrate grade and valuation prospects.

By The Northwire Desk — AI Analysis Apr 08, 2026 · 18:57 GMX · 2.39 Globex Mining Enterprises Inc.
Executive Summary
  • On 2026‑04‑08 Globex announced that a bankable feasibility study (BFS) for its 1 % gross metal royalty iron project Mont Sorcier is slated for completion in Q2 2026.
  • An extensive infill drilling program of 17,890 m finished in 2025 to upgrade resources into Proven and Probable categories required for the BFS.
  • Voyager Metals (Cerrado Gold’s subsidiary) acquired 22 additional mining claims adjoining the Mont Sorcier block, expanding future infrastructure capacity.
  • Projected concentrate grade is ~67 % Fe, higher than the 65 % Fe used in the 2022 PEA that yielded a US$1.6 billion NPV (8 % discount).
  • The release was authored by Jack Stoch, Executive Chairman & CEO, acting as Qualified Person under NI 43‑101.
Material Impact
  • Positive valuation catalyst: Completion of a BFS is a decisive step toward financing and development; the higher‑grade concentrate improves project economics and could lift the NPV well above the 2022 estimate.
  • Market perception: The news confirms that Mont Sorcier remains on track, reducing execution risk and supporting a price rally from recent lows (~$2.30 support) toward the $2.70–$2.86 resistance zone.
  • Incremental vs. material: Earlier updates (e.g., November 2025 production‑throughput increase) hinted at progress; this announcement adds concrete BFS timing and upgraded grade, moving it from routine to material‑positive.
GMX · Price
Company Overview
  • Globex Mining Enterprises Inc. holds a portfolio of royalties, options, and owned properties across Canada and the United States, focusing on iron‑vanadium (Mont Sorcier), gold (Duquesne West, Berrigan, Nordeau), antimony (Bald Hill), lithium (Lac Escale), rare earths (Virgin Mountain, Gem Hills) and fluorspar (Carp).
  • Flagship project – Mont Sorcier: 1 % GMR on a high‑purity magnetite iron deposit in the James Bay region. The project targets production of >67 % Fe DRI‑grade concentrate for the “green steel” market, with an anticipated mine life of ~20 years.
Read the original news release →

More from Globex Mining Enterprises Inc.

Jul 03, 2026 · 10:58

Globex reported Bald Hill antimony zone gold assays averaging 1.14 g/t over 2.56m, reaching 1.88 g/t over 4.95m.

Drill Results Jun 30, 2026 · 15:46

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

Drill Results Jun 22, 2026 · 09:00

Progress Toward Production at Globex's Bell Mountain Nevada Royalty Property

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.

Drill Results