Included in the transaction are the following:
- 1% GMR (Vanadium Only) of Globex’s 1% Gross Metal Royalty (GMR) on the Mont Sorcier Iron-Vanadium-Titanium deposit, east of
Chibougamau, Quebec . Globex retains the 1% GMR on the Iron and Titanium and any other minerals recovered. - 0.5% GMR of Globex’s 1% GMR on the claim centered upon Sayona’s Authier Lithium deposit near
La Motte, Quebec . - 0.5% GMR of 2% GMR and 2% GMR on a number of claims nearby the Authier Lithium deposit.
- 2% GMR on two Lithium exploration projects (Chubb & Bouvier), located north of
La Motte, Quebec . - 2% GMR of Globex’s 3% GMR on the Battery Hill Manganese deposit in
New Brunswick .
Globex is pleased to be reaping immediate benefit from these assets and expects to partake in the upside from both our retained portions of royalties on these assets and the growth of
This press release was written by
We Seek Safe Harbour. | Foreign Private Issuer 12g3 – 2(b) |
CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95 | |
For further information, contact: | |
President & CEO 86, 14th Street | Tel.: 819.797.5242 Fax: 819.797.1470 info@globexmining.com www.globexmining.com |
Forward Looking Statements: Except for historical information, this news release may contain certain “forward looking statements”. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of
54,631,852 shares issued and outstanding
Source:
2020 GlobeNewswire, Inc., source