Globex Mining Signs Deal for Magusi Project

Globex Mining Ent (TSE:GMX) has released an update.

Globex Mining Enterprises Inc. has entered into an option agreement with Electro Metals and Mining Inc. for its Magusi Copper-Zinc-Silver-Gold Project in Quebec. The agreement involves significant financial commitments from Electro, including cash payments, shares, and extensive expenditures on the property. Upon successful completion, Globex will retain a Gross Metal Royalty and advance royalty payments.

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