Globex Expands Quebec Lithium Royalty Interest
21 Março 2022 - 10:00AM
GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock
Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich,
Tradegate, Lang & Schwarz, LS Exchange, TTMzero,
Düsseldorf and Quotrix Düsseldorf Stock
Exchanges and GLBXF – OTCQX
International in the US) is pleased to inform
shareholders, that subject to exchange approval, Globex has
acquired a 0.5% Gross Metal Royalty (GMR) on 417 claims in
Preissac, La Motte and Fiedmont townships, Quebec (NTS 32D08 and
32C05) through a transaction involving
First Energy Metals
Ltd. (FE-CSE, FEMFF-OTCBB, Frankfurt, Tradegate-DFLB),
Globex and a group of “Prospectors”.
As Globex’s part under the sale transaction,
Globex vended 18 claims to First Energy in exchange for $30,000 and
375,000 First Energy shares payable over a 12-month period. These
claims include the former Preissac Molybdenite
Mine and the Moly Hill Molybdenite
Deposit as well as claims directly adjoining the Authier
Lithium deposit at the east and several isolated small claim
blocks, both to the east and west. Globex retains a 1% GMR
on these 18 claims. In addition, 417 claims in the
area that are also prospective for lithium and several other
elements are part of this agreement which includes the “Prospector”
group. Through this transaction, Globex was able to retain
a 0.5% GMR on all 417 claims as well. The total claims package
equals 12,769 hectares (31,553 acres). This is in addition
to 66 claims, some lithium bearing, previously sold to First Energy
on strikes and west of Sayona’s North American Lithium deposit and
mill (see Globex’s press release dated June 9, 2021).
Globex retains a 3% GMR on these 66 claims which
include occurrences of lithium both in surface showings and in
drill holes.
These two transactions position Globex
to have GMR interests in 501 claims held by First Energy in
addition to a retained royalty of 0.5% GMR on the center of the
Sayona Authier Lithium deposit (see Globex press release
dated July 13, 2020) which, on March 1, 2022, Sayona
announced a JORC conformable resource of 17,136,000 tonnes grading
1.01% Li20. Sayona’s
press release has been posted on the Globex website under Partner
News.
Globex is happy with its expanded Quebec holding
in the lithium space. See map below which shows the Globex and
“Prospectors” claims that are part of the current transaction as
well as all First Energy’s total claim package.
This press release was written by Jack Stoch,
Geo., President and CEO of Globex in his capacity as a Qualified
Person (Q.P.) under NI 43-101.
Note: Royalties only generate production royalty
revenue upon production.
We Seek Safe Harbour. |
Foreign Private Issuer 12g3 – 2(b) |
|
CUSIP Number 379900 50 9LEI 529900XYUKGG3LF9PY95 |
For further information, contact: |
Jack Stoch, P.Geo., Acc.Dir.President & CEOGlobex Mining
Enterprises Inc.86, 14th StreetRouyn-Noranda, Quebec Canada J9X
2J1 |
Tel.: 819.797.5242Fax: 819.797.1470 info@globexmining.com
www.globexmining.com |
Forward Looking Statements:
Except for historical information, this news release may contain
certain “forward looking statements”. These statements may involve
a number of known and unknown risks and uncertainties and other
factors that may cause the actual results, level of activity and
performance to be materially different from the expectations and
projections of Globex Mining Enterprises Inc. (“Globex”). No
assurance can be given that any events anticipated by the
forward-looking information will transpire or occur, or if any of
them do so, what benefits Globex will derive therefrom. A more
detailed discussion of the risks is available in the “Annual
Information Form” filed by Globex on SEDAR at www.sedar.com.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/29e3793a-21c1-4ffb-b5d3-eb41d6ccb1a6
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