Global Mining Update – January 2026

Globex Mining Enterprises Inc. (TSX: GMX) announced significant mineral discoveries and ongoing drilling progress on several of its Canadian and U.S. properties. The company’s latest statements provide evidence of substantial resource potential across its portfolio.

1. Large‑width semi‑massive sulphide intersection on Royalty property

On 30 January 2026, Globex confirmed that a recent drilling program on a royalty‑held site yielded a large width of semi‑massive sulphide containing zinc, silver, and gold. The find was reported by GlobeNewswire and reiterated in a subsequent article on Financial Post. Although precise grade values were not disclosed, the intersection is described as “semi‑massive” and “wide,” indicating a potentially significant mineralized zone. This result supports Globex’s strategy of acquiring and developing high‑grade base‑metal and precious‑metal properties in North America.

2. Review of drill results at optioned properties

A second announcement, released by Stockwatch on 29 January 2026, detailed Globex’s review of recent drill results from properties the company has optioned. The company highlighted that the data confirm the presence of valuable mineralization, and it is evaluating the next steps for expansion or acquisition. The review is part of Globex’s systematic approach to evaluating its portfolio before making binding decisions on further development.

3. Brief updates on multiple drill campaigns

On 29 January 2026, the company issued a brief update, sourced from Minenportal, summarizing recent mineralised intersections from two drill campaigns on option‑held properties. The update emphasized that the new intersections are consistent with prior geological models and that the company plans to continue drilling to delineate the extent of the resources.

4. Context within the broader sector

These developments come as the broader metals and mining sector experiences heightened volatility, as noted in a recent CME Group press release on 27 January 2026. Despite market fluctuations, Globex’s discoveries reinforce its focus on high‑grade projects that can deliver value to shareholders.

5. Company fundamentals

  • Market capitalisation: 152 220 000 CAD
  • Recent share price (28 Jan 2026): 2.55 CAD
  • 52‑week high/low: 2.80 CAD / 1.18 CAD
  • P/E ratio: 30.33
  • Primary exchange: Toronto Stock Exchange
  • Sector: Materials – Metals & Mining

Globex Mining Enterprises Inc. maintains its portfolio across several jurisdictions, including Quebec, British Columbia, Nova Scotia, Ontario, Nevada, Arizona, and Washington. The company continues to pursue drilling and exploration to unlock the full potential of its properties.