Globex Acquires Large Uranium Land Package
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
55,383,317 shares issued and outstanding
November 17, 2021
Globex Acquires Large Uranium Land Package
R o u y n ‐ N o r a n d a , Q u e b e c , C a n a d a . G L O B E X M I N I N G E N T E R P R I S E S I N C . (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 report to shareholders that it
has acquired by staking 66 claim s totaling 3,590 hectares (8,871 acres) in DesHerbiers Township, Quebec (NTS 12L07)
regional county municipality of Minganie, northwest of the town of Baie‐Johan‐Beetz.
The property was staked to cover numerous occurrences of low to moderate grade uranium mineralization exposed
both in surface trenching and channel sampling as well as repor ted in numerous drill holes of the 403 holes
(57,663m) drilled to date on the claims. Several of the areas have been extensively drilled (TJ Zone 33 holes totaling
6,703m, Middle Zone 33 holes totaling 7,051m and Double S Zone 94 holes totaling 23,730m), exposing wide zones of
uranium mineralization such as the Double S Zone where SRK Consulting (Canada) Inc., in a NI 43‐101 Mineral
Resource Statement (dated July 4, 2011), as stated in a Technic al Report for Uracan Resources Ltd. August 15, 2011
and authored by Mark Nowak M.Sc. , P.Eng. and Jean‐François Cout ure, Ph.D., P.Geo., reported the following
resource:
Double S Zone
Resource Classification Tonnage (tonnes) Grade % (U 3O8) Contained U 3O8 (lbs.)
Indicated Resource 21,504,000 0.014 6,858,000
Inferred Resource 59,960,000 0.014 16,328,000
In an area northwest of the Double S Zone, Uracan Resources Ltd ., in a report titled, Amended Technical Report on
the North Shore Property, Middle and TJ Zones, Quebec, Canada, dated June 11, 2009, by Marc Jutras, M.A.Sc. P.Eng.
reported an updated NI‐43‐101 resource as follows:
Zone Resource Classification Tonnage (tonnes) Grade % (U 3O8) Contained U 3O8 (lbs.)
Middle Zone Inferred Resource 52,027,000 0.012 13,688,000
TJ Zone Inferred Resource 28,662,000 0.011 7,079,000
Total Combined Zones Resource Classification Tonnage (tonnes) C ontained U3O8 (lbs.)
Double S, Middle and TJ
Zones
Inferred and
Indicated Resources
162,153,000 43,953,000
The current U3O8 price as quoted on Kitco is $47,25/lb.
2
The property holds numerous other areas of uranium mineralization many with higher grade assays in channel
sampling and drill holes. In addition, many drill intersections within the resources reported above display somewhat
higher uranium grades.
This press release was written by Jack Stoch, Geo., President a nd CEO of Globex in his capacity as a Qualified Person
(Q.P.) under NI 43‐101.
We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b)
CUSIP Number 379900 50 9
LEI 529900XYUKGG3LF9PY95
For further information, contact:
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Globex Mining Enterprises Inc.
86, 14th Street
Rouyn‐Noranda, Quebec Canada J9X 2J1
Tel.: 819.797.5242
Fax: 819.797.1470
www.globexmining.com
Forward Looking Statements: E x c e p t f o r h i s t o r i c a l i n f o r m a t i o n , t h i s n e w s r e l e a s e m a y c o n t a in certain “forward looking statements”. These statements may
involve a number of known and unknown risks and uncertainties an d o t h e r f a c t o r s t h a t m a y c a u s e t h e a c t u a l r e s u l t s , l e v e l o f a ctivity and performance to be
materially different from the expectations and projections of Globex Mining Enterprises Inc. (“Globex”). No assurance can be given that any events anticipated by
the forward‐looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the
risks is available in the “Annual Information Form” filed by Globex on SEDAR at www.sedar.com.