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).
Notes: The author, employees, consultants, and family of eResearch may own stock positions in companies mentioned in this article, report, and/or video, and may have been paid by a company mentioned. eResearch offers no representations or warranties that any of the information contained in this article is accurate or complete. Content on eresearch.com is provided for general informational purposes only and does not constitute financial, investment, tax, legal, or accounting advice, nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this information should consult with a financial advisor. The article may contain “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements are based on the opinions and assumptions of the Company’s management as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein. Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate, and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Please read eResearch’s full disclaimer.
