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Globex Mining Ent ( (TSE:GMX) ) has issued an update.
Globex Mining Enterprises says a feasibility study on its 1% gross metal royalty Mont Sorcier iron project, operated by Cerrado Gold’s subsidiary Voyager Metals in Quebec, is expected in the second quarter of 2026. Voyager completed 17,890 metres of infill drilling in 2025 to upgrade resources to Proven and Probable categories, advancing technical work needed to underpin the study.
The operator also acquired 22 additional mining claims adjacent to Mont Sorcier, expanding capacity for infrastructure and creating a buffer around the core development area. The project targets production of a high-purity, roughly 67% iron concentrate positioned for the global green steel transition, building on a prior economic assessment that outlined strong project economics at lower iron grades.
Globex views the ongoing work and higher-grade concentrate potential as supportive of unlocking value from the Mont Sorcier royalty. Progress toward a bankable feasibility study could enhance the project’s attractiveness to steelmakers seeking high-grade, lower-emission feedstock and may ultimately strengthen Globex’s long-term royalty revenue prospects.
The most recent analyst rating on (TSE:GMX) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Globex Mining Ent stock, see the TSE:GMX Stock Forecast page.
Spark’s Take on GMX Stock
According to Spark, TipRanks’ AI Analyst, GMX is a Neutral.
The score is driven primarily by mixed financial performance: a strong, low-risk balance sheet is offset by weak core profitability and negative TTM operating/free cash flow, raising concerns about earnings quality. Technical indicators are broadly neutral-to-soft in the near term, while valuation is supportive due to a low P/E.
To see Spark’s full report on GMX stock, click here.
More about Globex Mining Ent
Globex Mining Enterprises Inc. is a North America-focused mining company that holds a portfolio of mineral properties and royalties, including a 1% gross metal royalty on the Mont Sorcier high-grade iron project near Chibougamau, Quebec. The company benefits from exposure to iron ore markets and the broader transition to low-emission, high-grade steel inputs through its royalty interests.
Average Trading Volume: 72,822
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$140.5M
For detailed information about GMX stock, go to TipRanks’ Stock Analysis page.