Globex Receives $3,000,000 Payment from Yamana
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
55,467,917 shares issued and outstanding
July 7, 2022
Globex Receives $3,000,000 Payment from Yamana
Rouyn‐Noranda, Quebec, Canada. 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 it has received a three‐million‐dollar cash payment from Yamana Gold Inc. The payment is
the second in a series of five payments payable to Globex over a 5‐year period from the sale of the
Francoeur/Arntfield/Lac Fortune gold properties to Yamana, for a total of fifteen million dollars ($15,000,000)
plus a two percent Gross Metal Royalty (2% GMR). Three annual payments totaling eight million dollars
($8,000,000) remain outstanding. The current three‐million‐dol lar payment is not subject to tax as Globex,
under Revenue Canada policies, has already paid the taxes on the full fifteen million dollars receivable.
Globex also received a cash payment of $50,000 from Electro Metals for the Magusi project and $20,000 from
Manganese X Energy Corp. as a first advance royalty payment.
G l o b e x i s f o r t u n a t e i n t h a t i t o w n s i t s o v e r 2 0 0 a s s e t s i n c l u d in g r o y a l t i e s a s w e l l a s r e a l ‐ e s t a t e i n R o u y n ‐
Noranda and Toronto, has no debt and approximately twenty million dollars in cash and shares ($20,000,000)
of other companies. We are currently advancing several projects through exploration including airborne
magnetometer surveys, prospecting and mapping, stripping and shortly diamond drilling.
This press release was written by Jack Stoch, Geo., President and 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: Except for historical information, this news release may contain certain “forward looking statements”. These statements may involve
a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity a nd 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.