ROUYN-NORANDA, Quebec, Jan. 18, 2024 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchangesand GLBXF – OTCQX International in the US) is pleased to inform shareholders that Brunswick Exploration Inc. (TSXV-BRW, BRWXF- OTCQB) reports additional wide and multiple Li2O intersections on the Globex Lac Escale (Mirage) royalty property in the James Bay area of Quebec.
On January 24, 2023, (click to access press release) Globex announced the sale of the property to Brunswick while maintaining a 3% Gross Metal Royalty, 1% of which may be purchased for an additional $1,000,000. In addition, upon the 5th anniversary of the agreement or following total expenditures of $4,000,000 whichever comes first, Brunswick will commence to pay Globex an annual…
