Globex Options Gold Properties to Edison Lithium Corp

TORONTO, March 02, 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 announce that Globex has entered an Option agreement with Edison Lithium Corp. (EDDY-TSXV, EDDYF-OTC PINK, VVO-FWB) (Edison) on Globex gold properties, Joutel North-West gold and Gagne gold and copper for a $750,000 in cash payments, $750,000 in Edison shares and $2,000,000 in exploration expenditures over a 3-year period. After Edison has completed all obligations Globex will retain a 3% Gross Metal Royalty (GMR) on both properties.

Globex Mining Enterprises Inc. has announced the successful option of its Joutel North West and Gagne gold properties to Edison Lithium Corp. This strategic agreement marks a significant step for both companies, as it aligns with the evolving market dynamics in the mining sector, particularly with the increasing importance of lithium in energy storage and electric vehicle production.

The Joutel North West property is located within a prolific mining region, known for its rich mineral resources. This area has a history of gold mining, and the collaboration with Edison Lithium Corp. aims to further explore its potential while diversifying the portfolio of mineral resources available for development. The Joutel area, in particular, has witnessed significant interest from various mining enterprises seeking to capitalize on its geological characteristics.

Furthermore, Gagne Gold Property, also part of this agreement, has shown promising indications of gold deposits in exploratory works conducted previously. With Edison Lithium’s focus on lithium, this optioning deal represents a strategic pivot, intending to leverage the gold properties while exploring the growing demand for lithium, especially in renewable energy technologies.

The partnership underscores a commitment to sustainable mining practices and emphasizes the dual focus of providing valuable minerals necessary for modern technology. The significance of lithium in creating efficient energy solutions makes this collaboration timely, as the demand for electric vehicles continues to rise worldwide.

This agreement is expected to provide both companies with financial and operational synergies, allowing them to capitalize on their respective strengths. Globex retains significant interest in the possible future developments of these properties, and Edison Lithium Corp. will focus on their advancement in preparation for future exploration and potential production.

Overall, the option agreement showcases the intersection of gold and lithium markets, opening new pathways for innovation and sustainability in the mining sector. As global markets increasingly demand diverse mineral resources, partnerships like these highlight the strategic importance of collaboration in maximizing resource potential while adhering to environmental considerations.