News Summary
The most recent news (December 23, 2025) reports initial drill results from third-party operator TomaGold Corporation on the Berrigan property in the Chibougamau mining camp, Quebec. Globex holds a 2% Gross Metal Royalty (GMR) on these claims. Notable intersections include hole TOM-25-009, which returned 6.68% ZnEq (1.57 g/t AuEq) over 48.05 meters. This follows a string of positive updates in December, including own-account drilling at Rouyn-Merger (3.44 g/t Au over 38.7m) and high-grade results from the Nordeau royalty claims operated by Cartier Resources (up to 111.5 g/t Au over 2.0m).
Material Impact
The Berrigan results are positive but categorized as Routine. As a royalty holder, Globex benefits from the “free” exploration success of its partners, which increases the Net Asset Value (NAV) of its portfolio without capital outlay. However, the direct financial impact is non-material in the short term as the project is still in the exploration stage and not yet contributing to cash flow. The more significant material news remains the early December results from Rouyn-Merger, where Globex is the 100% owner and operator, and the substantial $3.0 million final payment received from Agnico Eagle in June 2025. The company continues to successfully execute its “Project Generator” model, converting mineral claims into cash, equity, and royalties.
Catalysts
– Assay results from the remaining four holes at the Rouyn-Merger project.
– Results from the deep Titan 25 EM anomaly drilling currently underway at the Lyndhurst copper property.
– Update on the Mont Sorcier Feasibility Study (targeted for Q2 2026) which impacts a 1% GMR held by Globex.
– Potential monetization of junior equity holdings ($26.8M as of Sept 30) if market conditions remain favorable.
Materiality Conclusion
The recent news is part of a consistent pattern of positive data flow from Globex’s vast portfolio. While no single royalty update is a “game changer” at this stage, the cumulative effect of partners (Cartier, Radisson, TomaGold, Brunswick) spending millions of dollars on Globex’s royalty ground is materially improving the company’s long-term valuation. The company’s liquidity position is exceptionally rare for a junior explorer, providing a significant safety margin.
