Globex Mining Enterprises Inc. (TSX: GMX) runs a different kind of mining business. The company holds over 270 mineral assets and 106 royalties across North America. President David Christie spoke with Chris Thompson of eResearch in a video interview covering how the model works and what’s coming in 2026.
Christie describes Globex as commodity agnostic. The company acquires properties, adds value through exploration and geophysics, then options them out for cash and shares while retaining a royalty.
For some projects, Globex does more development work before finding a partner. But a royalty is always the goal. With about $40 million in cash and securities and zero debt, Globex hasn’t needed to raise money from the markets. The share count sits at 56.4 million, no rollbacks, no dilution.
Own Projects Moving to Drill
Two wholly owned properties are getting drill programs this year. Cadillac Wood, home of the Ironwood deposit at 120,000 ounces grading over 14 grams per tonne (g/t), is being planned for a new drill campaign targeting the same stratigraphy as Radisson Mining’s adjacent O’Brien project.
Rouyn-Merger, just east of Rouyn-Noranda, returned nearly 40 metres at 3.5 g/t gold in fall 2025 at less than 100 metres depth. IP and MAG surveys are done. Drilling permits are in and that hole will be followed up on in the coming months.
Royalties and Option Deals to Watch
On the royalty side, Radisson Mining (TSXV: RDS) is drilling 140,000 metres on the O’Brien project, where 21% of the resource sits on Globex claims.
Cartier Resources (TSXV: ECR) is running a 100,000-metre program on the Cadillac project, where Globex holds a 3% gross metal royalty.
Mont Sorcier, a large iron ore project in Quebec driven by Cerrado Gold (TSXV: CERT), carries a 1% gross metal royalty for Globex, and a feasibility study is expected by the end of Q2/2026.
On the option side, Antimony Resources (CSE: ATMY) is drilling Bald Hill in New Brunswick and will release a maiden resource before Q2/2026 ends. Albright Metals (ASX: ABR), an Australian company, is drilling Devil’s Pike (now called Golden Pike) for gold and antimony in the same province. Rare earth properties in Nevada, Arizona, and Quebec’s Kipawa area are also drawing interest, with Virgin Mountain already optioned to Lodestar Minerals (ASX: LSR).
