Globex Commences Drilling on its Wood/Central Cadillac Gold Mines Property

Globex Mining Enterprises Inc. announced the commencement of a 4,800-metre drill program comprising 11 holes on its 100% owned Wood/Central Cadillac Gold Mines property. The program targets historic gold mineralization near the Larder Lake-Cadillac Shear zone, specifically testing horizons below old mine infrastructure at depths of approximately 300 metres.

Historic intersections being tested include: * CC-13-006 (3.35 g/t Au over 8.0m) * W05-12 (30.96 g/t Au over 4.15m) * W06-20 (5.11 g/t Au over 3.94m) * W05-09 (6.87 g/t Au over 28.0m)

A second phase of similar meterage is planned for Wood/Central Cadillac in winter 2027. Following the Wood/Central Cadillac program, drilling will shift to the Rouyn-Merger property for an additional 1,335-metre program (9 holes) to follow up on strong 2025 results and test IP anomalies south of the old O’Neil-Thompson Mine.

Context provided on historic resources and a NI 43-101 resource for the Ironwood deposit (Indicated: 234.8kt @ 14.38 g/t Au; Inferred: 37.1kt @ 7.22 g/t Au), though current drilling does not target Ironwood.

The announcement did not introduce new financial guidance, production targets, or capital allocation changes.

Following the news, the stock advanced from $1.99 on August 21 to $2.11 on August 25. The company remains in a pre-revenue, exploration and royalty phase, with no material financial or operational shift implied by the update.

Globex Mining Enterprises Inc. (GMX) operates as a royalty and exploration company with a diversified portfolio of precious metals and critical mineral assets across Canada, the US, and Australia. The company’s key 100% owned properties include Wood/Central Cadillac, Rouyn-Merger, Red Star in Nevada, and Salt Spring in Arizona.

Through option and partnership agreements, Globex holds interests in several other assets. These include Bald Hill with Antimony Resources for antimony and gold; Duquesne West with Emperor Metals for gold; Golden Pike with Bryah Resources for gold and antimony; Virgin Mountain with Arizona Mountain Pass for rare earth elements and beryllium; and Carp with the Evion Group for fluorspar.

The company’s royalty portfolio includes a 1% GMR Mont Sorcier (iron), 2% NSR Kewagama (gold), 3% GMR Parbec (gold), 2% GMR Berrigan (Zn-Ag-Au), 3% GMR Carp (fluorspar), and 3% GMR Virgin Mountain (REE/Be). This asset-light business model leverages option agreements to transfer exploration risk while retaining royalty upside and milestone payments.