Globex Options Bald Hill Antimony Property

ROUYN-NORANDA, Quebec, Jan. 22, 2025 (GLOBE NEWSWIRE) -- 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 it has optioned its Bald Hill antimony property (Bald Hill) located in Queens County, New Brunswick, to Big Red Mining Corp (RED-CSE). Under terms of the option agreement, Globex shall receive $2,000,000 in cash, and 1,100,000 shares over a four-year period and a minimum aggregate of $5,000,000 will be spent on the property. Globex will retain a 3.5% Gross Metal Royalty, 1.0% of which may be purchased for $1,000,000, subject to inflation in tranches. Click here to view Big Red’s news release.