Globex Mining Enterprises Inc (GLBXF)

[NYBob]

Globex (TSX:GMX) acquires Rockport Mining Corp.
Mining
TSX:GMX $60.05M

John Ballem
[e-mail]
21 July 2021 08:45 (EDT)





https://themarketherald.ca/globex-purchases-rockport-mining-corp-2021-07-21/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7Cwebpart_news%7Cquote_tab


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.

Stockhouse logo
Latest News
Globex Purchases Rockport Mining Corp.
GlobeNewswire 9 hours ago
Globex Options Former Eagle Gold Mine
GlobeNewswire 2 days ago
Globex Sells Tarmac Gold Property to Wesdome
GlobeNewswire 1 week ago
Globex Mining Enterprises Inc. Announces Normal Course Issuer Bid
GlobeNewswire 2 weeks ago
Globex Mining Enterprises Announces Results of Annual Meeting
GlobeNewswire June 23, 2021
Globex Completes Sale of Francoeur/Arntfield/Lac Fortune Gold Property to Yamana Gold Inc. for $15 Million
GlobeNewswire June 22, 2021
More T.GMX news on Stockhouse »

For further information, contact:
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Globex Mining Enterprises Inc.
86, 14th Street
Rouyn-Noranda, Quebec Canada J9X 2J1
Tel.: [phone]
Fax: [phone]
[e-mail]

HTTP://www.globexmining.com

Forward Looking Statements: Except for historical information, t

https://www.globexmining.com/staging/admin/news_pdfs/2021-07-12%20Globex%20sells%20Tarmac%20Gold%20Property%20to%20Wesdome.pdf

https://www.globexmining.com/


https://www.globexmining.com/staging/admin/news_pdfs/2021-06-14%20Globex%20sells%20Francoeur_Arntfield_Lac%20Fortune%20Gold%20Property.pdf


In GOD We Trust - Real Money -







https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif





Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA