Globex Mining Enterprises Inc. (GMX – TSX) saw its shares climb on July 31, 2026, closing at $1.90, representing a 3.83% increase on the day. This market movement coincided with the company reporting a series of positive exploration updates from three of its partner-operated assets. The results, stemming from drilling and surface sampling, provide fresh data for projects currently under option or royalty agreements.

At the Duquesne West property in Quebec, where Emperor Metals Inc. holds an option, recent drilling has returned significant intercepts. One drill hole, DQ26-43, returned 21.3 metres grading 3.0 g/t gold at a vertical depth of 45 metres. These findings represent a portion of the 20,000 metres of new drilling conducted this year. Emperor Metals is currently leveraging these results to advance the project toward a Preliminary Economic Assessment in the near term.

Separately, results from the Bald Mountain property in New Brunswick, managed by Antimony Resources Corp., highlighted high-grade mineralization. Drill hole BH 26-14 intercepted 11.41% antimony over 1.55 metres within a broader mineralized zone. The company expects further technical updates from the property as exploration progresses.

In addition, Renforth Resources Inc. reported surface channel sampling results from the Parbec gold project, where Globex maintains a 3% Gross Metal Royalty. Notable channel samples included 8.02 g/t gold over 2.55 metres. Renforth has already commenced a new drill program designed to undercut these specific sampling channels to test for continuity at depth.

The reported data was consolidated by the company's management to reflect current progress across these agreements.

"David Christie, P.Geo., President and COO of Globex, in his capacity as a Qualified Person (Q.P.) under Ni 43-101, prepared the information that forms the basis of this written disclosure utilizing the information in Antimony Resource’s, Emperor’s and Renforth’s press releases dated July 30th, 29th and 30th , 2026 respectively."

— David Christie, President and COO

The uptick in share price followed the release of these results, with trading volume reaching approximately 50,877 shares, significantly higher than the 50-day average volume for the explorer. The activity across these three properties highlights the ongoing operational work being carried out by option partners, providing a pipeline of technical updates for the projects as they progress through their respective exploration phases.

By maintaining these royalty and option structures, the company continues to see data generation from multiple sites without directly managing the field operations. Each partner is currently focused on different stages of project advancement, from initial high-grade intercepts in new drilling to surface mapping and technical studies aimed at future economic evaluation. These updates, ranging from gold-silver surface work at Parbec to antimony-gold drilling at Bald Mountain, indicate sustained activity on the ground as the partners continue to push for data-driven milestones that will inform the future development path of the assets. The market's reaction to the combined news flow suggests an interest in the underlying progress at these locations.

Read the full announcement: Globex Reports Strong Exploration Results from Option and Royalty Partners