News Summary
The news release dated December 22, 2025, provides an operational update on the Golden Pike Gold-Antimony property (formerly Devils Pike) located in New Brunswick, Canada. The property is currently under option to Albright Metals Limited. Key developments include:
– Completion of an infill and extensional diamond drilling program at the Vail Road High Grade Gold deposit.
– A total of 15 holes (approximately 990 meters) were drilled; assay results are currently pending.
– The drill rig is now being mobilized to the Bond Road Antimony Prospect for an initial drilling program of up to 1,200 meters.
– The primary objective for Albright is to upgrade the current historical resource estimate and progress the gold deposit toward development.
Material Impact
This news is a positive incremental step but falls short of being a “game changer” as assay results are still pending.
– Financial De-risking: As an optioned property, the exploration expenditures (drilling costs, rig mobilization) are borne by the partner, Albright Metals, not Globex. This preserves Globex’s cash while allowing for potential value appreciation of its retained interest and future royalties.
– Strategic Progress: The move to the Bond Road Antimony Prospect is timely given recent geopolitical interest in antimony. However, the materiality is limited because the results of the 15 gold holes are unknown.
– Validation of Business Model: This confirms the “Property Bank” model is functioning; third parties are actively advancing Globex’s massive portfolio. Until assays confirm high-grade continuity or a resource upgrade is published, the impact on the share price is likely neutral to slightly positive.
Catalysts
– Assay results from the 15 holes at Vail Road (Gold).
– Initial drill results from the 1,200m program at Bond Road (Antimony).
– Filing of a JORC or NI 43-101 compliant resource update for Golden Pike, which was previously targeted for “by the end of the year.”
– Assay results from Globex’s own drilling at the Lyndhurst copper property (testing the Titan 25 EM anomaly).
– Update on the Feasibility Study for the Mont Sorcier iron project (royalty interest), currently targeted for Q2 2026.
Materiality Conclusion
The most recent news is material in the sense that it confirms the advancement of a key optioned asset, but it is “Routine” because it describes expected operational progress without new data (assays). The significant liquidity and the diversity of the royalty/property portfolio make this specific update one of many moving parts rather than a singular driver of corporate value.
