Globex Mining Enterprises Inc. “At Home in North America” 56,235,836 shares issued and outstanding
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
56,235,836 shares issued and outstanding
August 06, 2024
Crater Lake Scandium Project
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 inform shareholders as regards
work undertaken by Scandium Canada Ltd. on their adjoining property to Globex’s Crater Lake area
property. Scandium Canada reported (click to Scandium press release) that they have completed two separate types
of drill programs at their Crater Lake Scandium Project located 200 km ENE of Schefferville, Quebec (13M05).
The drilling campaign had two objectives. The first objective, the drilling of 6 geo‐mechanical holes totalling 1,669 m,
was completed to determine the optimal angles of the slopes of a proposed open pit design for a pre‐feasibility study.
The second objective, 1,185 m in 7 drill holes, was to confirm the potential extension of the TG Zone for an additional
250 metre length. The company reported “mineralization is present in all holes.”
Globex is pleased that Scandium Canada Ltd. is moving forward with advancing this logistically remote project. The
scandium orebody is located within the northwest portion of a c ircular magnetic structure (see mag map below), the
northern half of which is owned by Scandium Canada Ltd. and the southern half by Globex. Numerous occurrences of
s c a n d i u m a n d r a r e e a r t h s a r e l o c a t e d o n G l o b e x ’ s p r o p e r t y . G l obex undertook a Terraquest Fixed‐Wing, High
Resolution Horizontal Aeromagnetic Gradient and Matrix‐Plus VLF‐EM Survey of its claims in order to better define the
ore bearing structure on our property. As our neighbour advanc es their project, the intrinsic value and potential of
Globex’s property is enhanced. Globex must now decide to eithe r advance the property by itself or seek a qualified
partner.
Location of grab samples on the property
2
This press release was written by Jack Stoch, P. 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.