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Globex expands interest in Quebec’s lithium loyalty, Canadian Business Journal

ROUYN-NORANDA, Quebec, March 21, 2022 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX-Tronto Stock Exchange, G1MN-Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Dusseldorf, Quotrix Dusseldorf Stock ExchangeAnju And GLBXF – OTCQX International, USA) Globex has received 0.5% Gross Metal Loyalty (GMR) for 417 claims in Preissac, Quebec, Lamot and Fidomont Townships (NTS 32D08 and 32C05), subject to exchange approval. Will be notified to shareholders. First Energy Metals Ltd. (FE-CSE, FEMFF-OTCBB, Frankfurt, Tradegate-DFLB), Globex and “Prospector” group.

As part of the sale transaction, Globex sold 18 claims to FirstEnergy in exchange for $ 30,000 and 375,000 FirstEnergy shares paid over a 12-month period.These claims include the former Preissac Molybdenite Mine And that Morihill Molybdenite deposit Also, claims directly adjacent to the Authier Lithium deposit in the east and several isolated small claim blocks in both the east and west. Globex holds a 1% GMR for these 18 claims. In addition, 417 claims in this area, which are also promising for lithium and several other factors, are part of this agreement, including the “Prospector” group. Through this transaction, Globex was able to maintain a GMR of 0.5% for all 417 claims. The total claims package is equivalent to 12,769 hectares (31,553 acres). It was previously sold to First Energy on strike and will be added to 66 claims, some lithium bearings west of Sayona’s North American lithium deposits and gristmills (Globex Press dated June 9, 2021). See release). Globex holds 3% GMR for these 66 claims This includes the generation of lithium both on the surface display and in the drilled holes.

These two transactions will put Globex in GMR’s interest in 501 claims held by First Energy, in addition to the retained royalties of 0.5% GMR at the heart of Sayona Authier Lithium deposits ( See). Globex press release dated July 13, 2020) On March 1, 2022, Sayona announced 17,136,000 tonnes of JORC compliant resources rating 1.01% Li.20. Sayona’s press release can be found on Partner News on the Globex website.

Globex is pleased with Quebec’s expansion in lithium space. See the map below. It shows Globex and “Prospector” claims that are part of the current transaction, as well as all FirstEnergy total claims packages.

This press release is by Jack Stoch, Geo, President and CEO of Globex. Wrote as a Qualified Person (QP) under NI 43-101.

Note: Loyalties generate production royalty income only during production.

I’m looking for a safe harbor. Foreign private issuer 12g3–2 (b)
CUSIP number 379900509
LEI 529900XYUKGG3LF9PY95
For more information, please contact:
Jack Stoch, P. Geo. , Acc.Dir.
President and CEO
Globex Mining Enterprises Inc.
86, 14th City
Luine Nolanda, Quebec Canada J9X 2J1

Phone: 819.797.5242
Fax: 819.797.1470
info@globexmining.com
www.globexmining.com

Forward-looking statement: Except for historical information, this news release may contain certain “forward-looking statements.” These statements include actual results, levels of activity, and performance from Globex Mining Enterprises Inc. It may contain many known and unknown risks and uncertainties and other factors that can cause significant differences from expectations and expectations (“Globex”). There is no guarantee that Globex will benefit from any of the events that are expected to occur or occur due to forward-looking information, or any of them. For more information on risks, please refer to the “Annual Information Form” submitted by Globex to SEDAR (www.sedar.com).

Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/29e3793a-21c1-4ffb-b5d3-eb41d6ccb1a6.


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Globex expands interest in Quebec’s lithium loyalty, Canadian Business Journal

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