Bald Hill Antimony Project Under Option From Globex Indicates Potential for 2.7 M Tonnes at 3% to 4% Sb
On November 4, 2025, Globex Mining Enterprises Inc. announced that its optionee partner, Antimony Resources Corp., has filed an NI 43-101 Technical Report for the Bald Hill Antimony Project in New Brunswick. The report indicates an exploration target potential of 2.7 million tonnes with a grade between 3% and 4% antimony (Sb). Concurrently, Antimony Resources is commencing an additional 6,000-metre drill program on the property.
A chronological review of news from the past year shows Globex has been systematically delivering value through its project generator and royalty model. The two most significant events were the partner-funded doubling of the resource at the Duquesne West gold project to 1.46 million ounces (July 9, 2025) and Globex's successful drill program at its 100%-owned Ironwood gold project, which upgraded 86% of the historical resource to the Indicated category (June 10, 2025).
The progress at the Bald Hill Antimony Project has been consistent and positive. After optioning the property to Antimony Resources Corp. in early 2025, the partner has completed a successful Phase 1 drill program, returning high-grade intercepts such as 7.4m of 4.17% Sb (July 2, 2025) and 3.0m of 14.91% Sb (July 28, 2025).
The most recent news is the logical next step in this progression. The filing of a technical report that outlines a tonnage and grade target provides a framework for the newly initiated 6,000-metre Phase Two drill program. However, it is crucial to note that this is an exploration target, not a mineral resource estimate. It is a conceptual statement about potential that requires significant further drilling to confirm.
In the context of Globex's diverse portfolio and the major de-risking events at Ironwood and Duquesne West, this update is not material. It represents positive, routine progress on one of many assets. It confirms the optionee is actively advancing the project and meeting its commitments, which is the desired outcome of the business model. The news reinforces the value of the Bald Hill asset but does not fundamentally alter the company's valuation or risk profile. Therefore, the impact is routine and positive, as it demonstrates continued, steady execution across the portfolio.
Globex Mining Enterprises Inc. operates as a project generator and royalty company. Its business model is to acquire a diverse portfolio of mineral properties, enhance their value through exploration, and then option or sell them to partners in exchange for cash, shares, and retained royalties. The company currently holds a portfolio of approximately 260 properties and over 100 royalties.
Globex does not have a single flagship project. Instead, its key value drivers are diversified across several assets, including: - 100% Owned Projects: The Ironwood Gold Deposit in Quebec, where Globex recently completed a successful drill program and upgraded the resource estimate. - Optioned Properties: The Duquesne West Gold Project (50% owned) and the Bald Hill Antimony Project. - Royalty Portfolio: Significant royalties on advanced projects like Mont Sorcier (Iron), Mirage (Lithium), and the O'Brien Gold Project complex.