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%
Drill Results Material +

Antimony Resources Reports Progress on the Bald Hill Property Under Option from Globex

Globex reports high-grade intersections at Bald Hill and outlines the Mont Sorcier feasibility timeline for its critical mineral portfolio.

By The Northwire Desk — AI Analysis Apr 09, 2026 · 09:00 GMX · 2.39 Globex Mining Enterprises Inc.
Executive Summary
  • Antimony Resources reports progress on the Bald Hill Property under option from Globex, dated April 9, 2026.
  • A newly discovered Marcus (West) Zone contains massive stibnite mineralization extending the historic Main Zone east and west.
  • Drilling program status: 6,500m completed of a planned 10,000m; two rigs operating on the Main Zone extension and Central Zone focus.
  • Technical and environmental studies have commenced to advance permitting with meetings held with New Brunswick, federal, and municipal authorities.
  • Globex expects Mont Sorcier feasibility study completion in Q2 2026, dated April 8, 2026.
  • Infill drilling of 17,890m finished in 2025 to upgrade resources to proven and probable categories for the bankable study.
  • Voyager Metals (Cerrado Gold subsidiary) acquired 22 additional mining claims adjacent to Mont Sorcier holdings.
Material Impact
  • The discovery of the Marcus (West) Zone represents genuinely new information beyond routine drilling progress, confirming resource expansion potential at Bald Hill.
  • Antimony is a critical mineral with strategic supply chain importance; expanding the deposit supports the maiden resource estimate goal mentioned in prior releases.
  • The Mont Sorcier feasibility study timeline confirmation validates the development path for the iron project, which carries a 1% gross metal royalty for Globex.
  • While exploration updates are often routine, the specific identification of a new zone and the progression toward permitting steps elevate this to material positive status relative to the company's valuation thesis.
  • The stock has already rallied significantly from $1.25 in April 2025 to over $2.86 in February 2026; however, the recent pullback to $2.39 suggests room for re-rating if execution continues as planned.
GMX · Price
Company Overview
  • Globex Mining Enterprises operates a royalty and option model with over 260 mineral assets and more than 100 royalties.
  • Flagship Projects:
    • Bald Hill Antimony Property (Optioned to Antimony Resources): High-grade stibnite discovery, advancing toward maiden resource.
    • Mont Sorcier Iron Project (Royalty held by Globex): Partner Cerrado Gold; Feasibility study in Q2 2026 targeting green steel market.
    • Nordeau/Cadillac Gold Royalties: High-grade gold intercepts from Cartier Resources on 3% GMR claims.
    • Virgin Mountain REE Property (Optioned to Lodestar Minerals): Significant HREE mineralization confirmed in Arizona.
  • Financial Portfolio: Approximately $40M cash and share portfolio as of January 2026, including holdings in Agnico Eagle, Pan American Silver, and Alamos Gold.
Read the original news release →

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