Uncategorized
Globex Receives Fayolle Quarterly Royalty Payment
GLOBEX MINING ENTERPRISES INC. (TSX:GMX) (FRA:G1MN) (OTCQX:GLBXF) is pleased to update shareholders as regards revenue from the Fayolle gold/silver deposit currently being mined by IAMGOLD in Clericy township, Quebec. The deposit is being mined by the open pit method with the ore being transported to IAMGold’s Westwood mill.
Globex has just received the quarterly royalty payment for the October to December 2023 period. An amount of $238,794.89 was directly deposited into Globex’s bank account. This is the largest payment to date as the mining and processing of Fayolle’s gold/silver ore has ramped up. Globex retains a 2% net smelter royalty on all mineral production from the Fayolle property.
This press release was written by Jack Stoch, Geo., President and CEO of Globex.
Posted March 28, 2024
MORE or "UNCATEGORIZED"
Contango Enhances Economics with High-Grade Drill Results and Strategic Acquisition of the Lucky Shot Lease and Royalty
Contango Silver and Gold Inc. (NYSE:CTGO) (TSX: CTGO) is pleased ... READ MORE
May 5, 2026
Morocco Strategic Closes Private Placement for a Total Amount of $7.5 Millions
Morocco Strategic Minerals Corporation. (TSX-V: MCC) is pleased t... READ MORE
May 5, 2026
Sun Summit Outlines Plans for Significant Drilling at the JD Project, Toodoggone Mining District, B.C.
Sun Summit Minerals Corp. (TSX-V: SMN) (OTCQB: SMREF) is pleased ... READ MORE
May 5, 2026
Grid Metals Reports Second Batch of Assays from its Phase 2 Drill Program at Falcon West; Cesium Mineralization Intercepted 75 m North of Lucy South Target Area
Grid Metals Corp. (TSX-V:GRDM) (OTCQB:MSMGF) is pleased to report... READ MORE
May 5, 2026
Brazil Potash Announces Closing of $63.3 Million Public Offering of Common Shares and Pre-Funded Warrants, Including Full Exercise of Underwriters’ Option to Purchase Additional Shares
Brazil Potash Corp. (NYSE: GRO), a mineral exploration and develo... READ MORE
May 5, 2026
