Globex Retains Canaccord to Maximize Shareholder Value

Engagement with financial advisor not because Globex received an offer

December 3, 2019 Chris Thompson Analyst Articles, Mining

eResearch | Globex announced that the Company has engaged Canaccord Genuity Group Inc. (TSX:CF) as a Financial Advisor to explore opportunities with third-parties with the purpose of creating additional transactions from Globex’s portfolio of projects with a view to increasing shareholder value.

The engagement with Canaccord was undertaken in an effort to create greater shareholder value and has not been initiated because the Company received any offer.

eResearch wrote an article on November 14, 2019 “Globex Mining – an Undervalued Project Generator” highlighting Globex’s portfolio of over 170 exploration projects and our belief that the company is undervalued.

From our analysis of a small sample of Globex’s properties with NI 43-101 or Historical Resources, we estimated approximately US$30.2 million (C$40.3 million) of in-situ mineral value for the Precious and Base Metals projects.

Currently, Globex has a Market Cap of less than $20 million, therefore our calculated value of this small sample of Globex’s projects is more than the current Market Cap.

Globex was one of the companies featured in our 70-page Project Generator Industry Report. You can download the full, 70-page Project Generator Industry Report by clicking on the following link: eR-IR-ProjectGenerators_2019-09-27_FINAL

//

Globex (TSX:GMX)

  • www.globexmining.com
  • Headquartered in Rouyn-Noranda, Quebec, Globex engages in the acquisition, exploration, and development of mineral properties in North America. It has a mineral portfolio of over 170 early to mid-stage exploration, development, and royalty properties containing precious metals (gold, silver, platinum, and palladium), base metals (copper, nickel, zinc, and lead), specialty metals and industrial minerals.
  • Globex is currently trading at $0.33 with a market cap of $18.0 million.

Globex 1-Year Stock Chart

GMX 1-Year Stock Chart
Source: TradingView.com

 

About Chris Thompson 358 Articles
Chris Thompson is the President and Director of Equity Research at eResearch. He is a Professional Engineer and CFA Charterholder with a MBA in Investment Management and over 15 years of experience in software development, FinTech, telecommunications, and information technology. For the past 10 years, he has worked in the Capital Markets in Equity Research, M&A Investment Banking and Consulting in various sectors.

Related Articles

Atlanic Gold Industry Report
Analyst Articles

Atlantic Gold Industry Report – The Ultimate Guide to Gold Mining Companies in the Appalachian Gold Belt

March 5, 2021 Chris Thompson Analyst Articles, eR Reports, Industry Reports, Mining, Mining - Precious Metals

The Atlantic region of North America has been explored and mined gold for more than 230 years. The region shares a common geological heritage from South Carolina to the island of Newfoundland and has a variety of mineral resources including gold, copper, iron ore, and zinc. This report focuses on 42-publicly listed gold exploration and mining companies in the region and highlights three companies: Aston Bay, Sokoman Minerals, and Magna Terra Minerals. [more]

2024-02-14 PDAC - Mining in Canada North
Analyst Articles

Exploring Canada’s North: Mining Companies to Watch at PDAC

February 14, 2024 Chris Thompson Analyst Articles, Canadian North Resources, Conference Reports, Deals, eR Reports, Events, Media, Mining, Mining - Ag Minerals, Mining - Base Metals, Mining - Battery Metals, Mining - Industrial Minerals, Mining - Other Metals, Mining - Precious Metals, Mining - REE, Mining - Uranium

Discover the untapped potential of Canada’s North at the PDAC 2024 conference, where mining companies showcase their contributions to the global economy and green energy transition. This region, rich in critical minerals like cobalt, lithium, and gold, faces unique challenges, from environmental impacts to logistical hurdles. PDAC highlights the importance of sustainable development, Indigenous partnerships, and innovative solutions to these challenges. Join industry leaders, government officials, and Indigenous communities in discussions that shape the future of mining in the Arctic, ensuring responsible resource development and environmental stewardship. We highlight 11 companies currently operating or exploration in Canada’s North that you can meet this year at PDAC 2024. [more]

PDAC 2024 - Keynote Speakers
Analyst Articles

Navigating the Keynote Speakers at PDAC 2024

February 1, 2024 Chris Thompson Analyst Articles, Deals, Events, Media, Mining, Mining - Ag Minerals, Mining - Base Metals, Mining - Battery Metals, Mining - Industrial Minerals, Mining - Other Metals, Mining - Precious Metals, Mining - REE, Mining - Uranium

The PDAC 2024 Convention in Toronto showcases a lineup of keynote speakers, each offering unique insights into the mineral exploration and mining industries. Jakob Stausholm of Rio Tinto will discuss the pivotal role of metals in the renewable energy transition. Michael Stanley from The World Bank will explore the potential of the Global South in reshaping mineral supply chains. Denise Johnson of Caterpillar will address the transformative impact of technology on mining. Lastly, Wojtek Wodzicki from Lundin Group‘s Vicuña Exploration Team will share their ground-breaking discovery story. These sessions promise to enlighten and inspire, highlighting innovative approaches and challenges in the industry. [more]