- Globex Mining (GMX) has acquired Rockport Mining Corp.
- Rockport held Net Smelter Royalties on two properties previously acquired by Globex
- Once the amalgamation of Rockport into Globex was completed on July 14, these royalties no longer existed adding value to Globex’s assets
- Globex received $20,000 from the New Brunswick Exploration Assistance Program to aid in the exploration of the Bald Hill Antimony property
- Globex Mining Enterprises Inc is a Canadian-based exploration company
- Globex Mining Enterprises Inc. (GMX) opened trading at C$1.09 per share
Globex Mining (GMX) has acquired Rockport Mining Corp., a private company that owns royalties on two Globex properties in New Brunswick.
Previously, Globex had purchased the Devil’s Pike gold property with a reported Inferred Resource of 214,800 tonnes grading 9.6 g/t Au (cut) or 13.48 g/t Au (uncut). Rockport retained a 1 per cent Net Smelter Royalty on production after 600,000 ounces of gold is produced.
In February 2021, Globex also purchased the Bald Hill antimony deposit from Rockport. Rockport retained a 1 per cent Net Smelter Royalty on all mineral production of this property.
Once the purchase and amalgamation of Rockport into Globex was completed on July 14, the royalties no longer existed, adding value to the Globex gold and antimony assets, both of which are located in southern New Brunswick.
The purchase and amalgamation also provide Globex with contracted access to certain areas facilitating access for various types of surveys and diamond drilling.
Lastly, the amalgamation of Rockport with Globex adds non-capital losses carried forward to Globex’s balance sheet which, if applicable, will be very useful considering Globex’s increased income in 2021.
Globex would like to acknowledge the awarding of $20,000 to Globex from the New Brunswick Exploration Assistance Program to aid in the exploration of the Bald Hill Antimony property.
Globex Mining Enterprises Inc is a Canadian-based exploration company engaged in the acquisition, development, and exploration of mineral properties in North America.
Globex Mining Enterprises Inc. (GMX) opened trading at C$1.09 per share.