Globex Reports Progress on Two Fronts at New Brunswick Antimony/Gold Projects

The most recent news release from Globex Mining Enterprises Inc. on November 27, 2025, titled "Globex Reports Progress on Two Fronts at New Brunswick Antimony/Gold Projects," provides updates on two of its optioned properties:

• Golden Pike Gold-Antimony Project: Bryah Resources Ltd., the option partner, has initiated a 1,000-meter drill program aimed at upgrading the existing resource estimate. Additionally, a separate 1,200-meter exploration drilling campaign is planned for the Bond Road area, known for its gold and antimony mineralization.
• Bald Hill Antimony Project: Antimony Resources Corp., the option partner, has filed its NI 43-101 Technical Report for the Bald Hill project. The report outlines a potential for 2.7 million tonnes grading 3.0-4.0% antimony. The company is concurrently continuing its previously announced 6,000-meter drill program at the site.

This news release is a routine positive update. It confirms ongoing operational progress on two of Globex's optioned projects, aligning with previously communicated plans and expectations rather than introducing novel, unexpected developments.

• Golden Pike Project: The commencement of drilling by Bryah Resources directly follows the positive high-grade assay results (up to 57% Sb and 9.48 g/t Au) reported on October 7, 2025, and the partner's stated intention from August 26, 2025, to upgrade the historical resource to a JORC-2012 compliant standard by year-end. This drilling is a necessary step to achieve that goal and explore further, demonstrating that the option agreement is being actively pursued.
• Bald Hill Project: The filing of the NI 43-101 Technical Report by Antimony Resources formalizes the significant antimony tonnage and grade potential that was initially announced on November 4, 2025. The continuation of the 6,000-meter drill program further progresses the project towards a maiden resource, building on strong drill intersections reported earlier (e.g., 14.91% Sb over 3.0m on July 28, 2025). This consistent advancement by the option partner is crucial for the eventual realization of Globex's royalty interest.

In essence, the news reaffirms the steady execution of Globex’s project generator strategy, where partner companies assume the cost and operational burden of advancing properties, thereby de-risking and adding value to Globex's royalty and equity holdings. While positive, these are expected steps in the development cycle and do not represent a material change to Globex's valuation or outlook beyond the continuous, incremental value creation of its diversified portfolio.

Globex Mining Enterprises Inc. operates as a highly diversified mineral exploration and royalty company based on a "project generator" business model. The company's core strategy involves acquiring mineral properties, conducting initial-stage exploration to identify prospective targets, and then optioning these properties to junior and major mining companies. This model allows Globex to de-risk its exploration efforts while retaining significant equity stakes and royalties (Net Smelter Royalties or Gross Metal Royalties) on any future production. Its extensive portfolio includes approximately 260 properties located across Quebec, Ontario, New Brunswick, and the U.S. (Nevada, Arizona), encompassing a broad spectrum of commodities, including precious metals (gold, silver), base metals (copper, nickel, zinc), and critical minerals (lithium, antimony, rare earths, manganese, iron, fluorspar).

While Globex has a vast portfolio, several projects regularly feature in its news updates, indicating their current focus or high potential:

• Mont Sorcier Iron-Vanadium Project (Quebec, Canada): This is a key royalty asset optioned to Cerrado Gold Inc. Globex holds a 1% Gross Metal Royalty (GMR) on iron production. The project is currently advancing towards a Bankable Feasibility Study (BFS), with metallurgical tests confirming the potential for high-grade iron concentrate.
• Ironwood Gold Deposit (Quebec, Canada): A 100%-owned high-grade gold project where recent drilling has upgraded a significant portion of the resource to the Indicated category (108,528 oz Au at 14.38 g/t). Globex is evaluating various development and extraction options.
• Duquesne West Gold Property (Quebec, Canada): Held by 50%-owned Duparquet Assets Ltd. and optioned to Emperor Metals Inc. Recent work significantly increased the Inferred Mineral Resource to 1.46 million ounces of gold, with further drilling and resource expansion ongoing.
• Bald Hill Antimony Project (New Brunswick, Canada): Optioned to Antimony Resources Corp. This project demonstrates significant potential for high-grade antimony mineralization, with a recent NI 43-101 Technical Report outlining 2.7 million tonnes at 3.0-4.0% antimony. A substantial drill program is underway to define a maiden resource.
• Golden Pike Gold-Antimony Property (New Brunswick, Canada): Optioned to Bryah Resources Ltd., this property hosts both historical gold resources and high-grade antimony showings. Exploration and resource upgrading are actively being pursued.
• Mirage (Lac Escale) Lithium Royalty Claims (Quebec, Canada): Brunswick Exploration Inc. is actively advancing these claims, where Globex holds a 3% GMR. Recent drilling has consistently intersected significant lithium mineralization, and metallurgical tests show promising processing characteristics.
• Virgin Mountain Rare Earth & Beryllium Project (Arizona, USA): Newly optioned to Arizona Mountain Pass Heavy Rare Earths Pty. Ltd., this property shows promising rare earth and beryllium mineralization, providing Globex with a 3% GMR.

Globex's strength lies in its ability to generate multiple opportunities across diverse commodities and stages of development, maintaining a healthy balance sheet while leveraging partner expertise and capital.