Globex Options Joutel North-West and Gagne Gold Properties to Edison Lithium Corp.

Executive Summary

• Globex Mining Enterprises Inc. entered a three‑year option agreement with Edison Lithium Corp. covering the Joutel North‑West gold property and the Gagne gold‑copper property.
• Edison will provide $750,000 cash, $750,000 of Edison shares, and up to $2,000,000 in exploration expenditures; upon completion Globex retains a 3 % gross metal royalty (GMR) on the properties.
• The release includes extensive historic drilling highlights for both properties, underscoring significant gold, copper and silver intercepts that support the exploration upside.

Key Details

• Option Structure
• Total consideration: $750k cash + $750k Edison shares + up to $2 M in exploration spend over three years.
• Payment schedule:
  • Execution: $100k cash + $150k Edison shares (upon TSXV approval).
  • May 1 2027: $200k cash + $300k Edison shares; plus $500k exploration spend before that date.
  • May 1 2028: $450k cash + $300k Edison shares; plus another $500k exploration spend before that date.
  • By May 1 2029: additional $1 M of exploration spend required.

• Upon full performance, Edison obtains 100 % ownership of the properties subject to a 3 % GMR payable to Globex.

• Property Overview – Joutel North‑West

• 46 mining claims; located ~65 km SW of Matagami, QC, near former Agnico Eagle Eagle‑Telbel mine.

• Historic production nearby: Poirier (4.39 Mt @ 1.97 % Cu, 1.84 % Zn, 4.66 g/t Ag) and Joutel Copper Mine (1.17 Mt @ 2.16 % Cu).

• Historic Drilling Highlights – South Gold Zone (Orford Mining)

• Hole 23‑JE‑004: 1.6 m @ 4.1 g/t Au; 30.1 m @ 1.1 g/t Au.
• Hole 23‑JE‑015: 54.7 m @ 1.1 g/t Au.
• Hole 22‑JE‑003: 20.64 m @ 1.11 g/t Au (incl. 4.15 m @ 1.78 g/t Au, 0.64 m @ 14.7 g/t Au).
• Hole 23‑JE‑008: 15.7 m @ 1.7 g/t Au; 14.2 m @ 2.2 g/t Au.
• Deepest historic intercept (1989, hole 89‑A‑02‑W‑1): 2.5 m @ 0.9 g/t Au at ~500 m depth.

• Parallel zone north of South Gold Zone: hole 23‑JE‑007 – 16.1 m @ 1.3 g/t Au.

• Gagne Property Highlights

• Adjacent to Joutel North‑West; 24 mining claims.
• Drill hole VAL‑01: up to 1.63 % Cu and 11.5 g/t Ag over 0.7 m.
• Joutel PS drilling: up to 7.86 % Cu, 72.2 g/t Ag, 0.20 g/t Au over 2.21 m.

• Trenching results: up to 22.6 g/t Au over 1.5 m.

• Royalty Terms

• Globex retains a 3 % gross metal royalty on all production from both properties after Edison exercises the option and meets all conditions.

Notable Quotes

(No direct quotes were provided in the release.)