Globex Mining's Mont Sorcier Study Update

TORONTO, April 08, 2026 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that Cerrado Gold released an update in their Q4 and Annual 2025 Financial Results disclosure as regards progress on Globex’s 1% Gross Metal Royalty Mont Sorcier iron project located just east of Chibougamau, Quebec. Their April 2, 2026, press release indicates that the feasibility study should be available in Q2 2026 and 17,890 m of infill drilling was completed in 2025 in support of resource definition for the feasibility study. Globex is very pleased by the progress to date. Please access a copy of the full disclosure from Cerrado’s press release here.

The announcement on the feasibility study regarding Globex Mining Enterprises Inc.'s Mont Sorcier property highlights key developments in the mining sector. This comprehensive study aims to evaluate the viability of the mining project and its potential financial outcomes.

The Mont Sorcier site, which is located in Quebec, Canada, has shown promising geological characteristics, leading to assessment and exploration efforts. The feasibility study is expected to provide crucial insights into production rates, capital requirements, and operational logistics. Additionally, it will analyze environmental considerations and the possible impacts of mining activities on the surrounding ecosystem.

Globex Mining is driven by the urgency to finalize this study, as the results will guide strategic decisions about the Mont Sorcier project. The company is working diligently on this front, aiming to meet Q2 deadlines to release the findings which would shape investment strategies and stakeholder expectations.

This project is significant not only for Globex Mining but also for the local economy, as it will likely create jobs and promote regional development. Stakeholders, including investors and local communities, are eagerly awaiting news regarding the feasibility study's outcome, as its results will have broad implications for future investment and development initiatives in the area.

Moreover, the report will detail the economic benefits such as job creation and investment opportunities that arise from exploiting the Mont Sorcier resource. There is also an emphasis on responsible mining practices amidst stringent regulatory frameworks designed to protect the environment.

As the mining industry continues evolving, studies like that of Mont Sorcier pave the way for new advancements in mining technology and sustainability practices. Globex Mining's ongoing efforts reflect a commitment to balancing economic growth with environmental stewardship, setting a benchmark for future projects in the sector.