Globex partner TomaGold talks drill results at Berrigan
Globex leverages partner capital to de-risk its massive property portfolio of royalty-rich prospect generators.
The most recent news (December 23, 2025) reports significant drill results from partner TomaGold Corporation on the Berrigan claims in the Chibougamau mining camp, Quebec. Notable intersections include hole TOM-25-009, which returned 48.05 meters of 6.68% ZnEq (1.57 g/t AuEq) and hole TOM-25-010, which returned 48.3 meters of 2.67% ZnEq. Globex holds a 2% Gross Metal Royalty (GMR) on these claims. Assays for five additional holes are pending, and a borehole EM survey is currently underway to identify further targets.
The impact of the TomaGold results is positive but routine within the context of Globex’s "Property Bank" business model. - Direct Financial Impact: Negligible in the short term. Globex does not fund the exploration, but the 2% GMR only generates cash flow if the project reaches commercial production. - Asset De-risking: High. Wide intercepts of zinc-silver-gold mineralization confirm the property's potential and increase the likelihood of a future resource estimate, which enhances the underlying value of Globex's royalty. - Portfolio Synergy: The news follows a string of positive updates from other partners (Cartier Resources at Nordeau, Emperor Metals at Duquesne West, and Radisson at O’Brien), indicating a high "hit rate" for the companies currently spending capital on Globex-originated ground. - Internal Progress: Compared to the Dec 9, 2025 release where Globex reported its own drill results at Rouyn-Merger (26.4m @ 3.47 g/t Au), the TomaGold news is secondary as it relies on a third party's development timeline.
Globex Mining Enterprises is a "Mineral Property Bank" with a diversified portfolio of over 260 projects across North America and Europe. - Flagship Model: Rather than developing one mine, Globex acquires properties, performs initial work, and options/sells them to partners while retaining Gross Metal Royalties (GMR). - Key Assets: - Rouyn-Merger (Gold, 100% owned): Recent high-grade drill results. - Ironwood (Gold, 100% owned): Recently upgraded to Indicated status (108k oz @ 14.38 g/t Au). - Royalties: Significant interests in O’Brien (Radisson), Duquesne West (Emperor), and Mont Sorcier (Cerrado).